Earnings Release • Apr 9, 2009
Earnings Release
Open in ViewerOpens in native device viewer
9 April 2009 – Qurius and Savant Zorg, a large healthcare and service organisation in the south-eastern region of the Dutch province of Brabant, have signed a letter of intent for a 3 years' partnership with a contract value of approximately € 1.5 million. The objective is to have three hundred employees at twelve locations working with Savant Space, based on the Qurius Managed Hosting Solution, from September 2009.
In the coming period the contract will be finalised and Qurius will already start its activities.
For five years Savant Zorg has completely outsourced its IT infrastructure, and now wishes to focus more on user satisfaction. Moreover, Savant Zorg wants an IT solution that will actually help improve its service. Therefore, after an intensive selection procedure, Savant has eventually chosen Qurius Managed Hosting Solution for its new management contract as this meets the high requirements Savant Zorg demands for flexibility, continuity and high availability.
Anne-Marie van Hout, I&A Manager Savant Zorg: "When we were in the process of selecting our outsourcing partner, Qurius presented itself as a mature, open and transparent company that, in addition to its technical knowhow, has an eye for people. Its first priority is customer satisfaction, so we are confident that our IT management is in good hands."
Frank van der Woude, COO and Director Qurius Nederland: "We notice that more and more healthcare and service organisations are looking for reliable, user-friendly and flexible outsourcing solutions. Thanks to our solutions, organisations like Savant can focus on their core business and that is providing quality service! Qurius has the unique proposition in its competence to offer "plug-and-play" Microsoft solutions. In addition to the technical knowledge Qurius also has the application knowledge and this combination enables us to fully serve our customer with an interesting price / quality proportion."
Savant is the largest healthcare and service organisation in the south-eastern region of the province of Brabant. The clients" choices are Savant"s first priority. Savant offers a wide range of healthcare services at their clients" homes and in health care institutions. Its aim is to keep developing new services to meet the changing needs and demand for care. Every day approximately 2,600 employees and 500 volunteers give their all to support 5,000 clients on all fronts to live as self-reliantly as possible. You will find more information on: http://www.savant-zorg.nl
Qurius provides architecture, realisation and systems management of Microsoft technology based business and IT solutions, including infrastructures. Qurius has over 1,000 staff members and is headquartered in Zaltbommel, the Netherlands. Its offices in Belgium, Denmark, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom serve over 2,800 clients. Qurius has been publicly listed on Euronext Amsterdam since 1998 and is included in the AScX-index. Currently Qurius has 105,432,619 listed shares. Qurius was recognised by Microsoft as the 2007 global Microsoft Dynamics Partner of the Year. For more information, visit www.qurius.com.
Qurius, Suzanne Schaapman, Investor Relations Manager: t. +31 (0)418 683500 or [email protected]
| (in EUR x 1,000, except percentages) | 2008 | 2007i | Change |
|---|---|---|---|
| Net sales | 143,888 | 114,758 | 25% |
| Cost of sales | -45,019 | -33,096 | 36% |
| Gross margin | 98,869 | 81,662 | 21% |
| (as % of net sales) | 69% | 71% | |
| Costs of personnel | 79,320 | 63,474 | 25% |
| Other operating expenses | 13,883 | 10,570 | 31% |
| Sales result of Magnus Management | 0 | -50 | |
| Consultants | |||
| Operating expenses | -93,203 | -73,994 | 26% |
| EBITDA | 5,666 | 7,668 | -26% |
| (as % of net sales) | 3.9% | 6.7% | |
| Depreciation and amortisation | -3,729 | -2,939 | 27% |
| EBIT (excl. restructuring and impairment | 1,937 | 4,729 | -59% |
| charges) | |||
| (as % of net sales) | 1.3% | 4.1% | |
| Restructuring costs | -1,430 | 0 | |
| Amortisation of goodwill | -19,004 | 0 | |
| EBIT | -18,497 | 4,729 | |
| Financial income and expenses | -1,508 | -1,126 | 34% |
| Result before taxation | -20,005 | 3,603 | |
| Taxation | -2,451 | -976 | 151% |
| Third party interest | -39 | -22 | 76% |
| Net result | -22,495 | 2,605 | |
| (as % of net sales) | -15.6% | 2.3% |
| (in EUR x 1,000) | 31 December 2008 | 31 December 2007i | ||
|---|---|---|---|---|
| ASSETS | ||||
| Fixed assets | ||||
| Intangible fixed assets | 48,448 | 69,419 | ||
| Tangible fixed assets | 5,385 | 4,176 | ||
| Financial fixed assets | 6,047 | 59,880 | 8,138 | 81,733 |
| Current assets | ||||
| Receivables | 54,724 | 52,747 | ||
| Liquid funds | 3,759 | 4,375 | ||
| 58,483 | 57,122 | |||
| TOTAL ASSETS | 118,363 | 138,855 | ||
| EQUITY AND LIABILITIES Group equity |
||||
| Group equity | 48,547 | 71,140 | ||
| Third party interests | 144 | 177 | ||
| Group equity | 48,691 | 71,317 | ||
| Provisions | 1,618 | 1,930 | ||
| Long term liabilities | 5,480 | 10,362 | ||
| Current liabilities | 62,574 | 55,246 | ||
| TOTAL EQUITY AND LIABILITIES | 118,363 | 138,855 | ||
| (in EUR x 1,000) | 2008 | 2007i |
|---|---|---|
| Net profit | -22,495 | 2,605 |
| Depreciation and amortisation | 22,741 | -2,939 |
| Movements in provisions | -312 | 79 |
| Gross cash flow | -66 | -255 |
| Adjustments for movements in | -722 | -3,191 |
| working capital | ||
| Cash flow from operating activities | -788 | -3,446 |
| Cash flow from investment activities | -6,057 | -17,168 |
| Cash flow from financing activities | 6,229 | 20,169 |
| -616 | -445 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.