Paris-based Concept SA, one of Credit Lyonnais’s software and services companies, has reported a reduced net loss on lower revenues in 1992, the opening of a Swiss subsidiary and the availability of Tresorerie Manager, a European cash management application. Comparing like with like, Concept says that consolidated 1992 revenues were down to $62.5m from $71.5m; its net loss of $11.9m was only a fraction of 1991’s whopping $107.3m deficit. In 1992, Concept sold its 51% stake in CCMC to Credit Lyonnais, the French state-owned banking and financial group. The losses in 1992 were due to non-recurrent factors, such as its share of then-subsidiary CCMC’s losses, losses on disposal of assets during restructuring and exceptional provisions for amortisation of goodwill. The company noted that its sales of application software were up 12%, while sales in other areas such as its engineering systems business, were down. By the end of 1992, Concept said it was free of debt, and has net cash of $2.5m after its acquisition of Action Systeme SA, a service bureau. The company’s new Swiss office in Zurich aims to increase Concept’s share of the financial management software market in Switzerland, Austria and Germany, said its managing director Dietger Kruger, in a statement.
Picasso
Charles Picasso, Concept’s chairman and chief executive, said also in a statement that the opening of the new subsidiary is in line with Concept’s aim to double sales outside France by 1995. Concept also announced that the first version – needless to say the French language one – of its new Windows-based Tresorerie Manager cash management software went on sale on April 27. Versions for Italy and the Benelux countries are expected to be ready later in the second quarter and a Spanish version in the last half of 1993, the company said. The application manages financial instruments, including treasury bills, short-, medium- and long-term loans and interest rate hedges. Based on a client-server architecture, the application operates with Oracle and Gupta Corp’s SQLBase database management systems on Intel Corp 80486 processors. It will be available in the future under Unix with the Open Software Foundation’s Motif and Unix International Inc’s Open Look interfaces the firm said.
