Earnings Release • Jan 9, 2008
Earnings Release
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09 January 2008 – In Q4, profitability has recovered, as we have indicated and expected in the Q3 report. Anticipating the formal closing of the books we can, also caused by strong license sales in December, report revenue for 2007 of between EUR 112 million and EUR 117 million. We maintain the previously stated EBIT for the whole of 2007 of between EUR 3.5 million and EUR 4.5 million. An amortisation of EUR 0.5 million on in the identifiable assets is included, as commented on below. We have not yet made impairment test on goodwill.
As a result of the AFM recommendations a valuation of the identifiable assets has taken place. This valuation concerns the customer portfolio bought and the therewith related revenue and yield. Of the goodwill an amount of EUR 2.5 million will be separated and will be written down over a period of 5 years. For 2007 a depreciation of EUR 0.5 million will be justified in the profit and loss account.
Qurius has decided to reinstall its option program. The option program will be part of the remuneration package of a number of key operational managers reporting to the Executive Board. The first allocation for around 1.2 million options (1.1% of total outstanding issued capital) will take place against the closing price of 31 January 2008. Qurius is planning to issue options for a maximum of 4% of the total outstanding number of shares.
Participants will be able to exercise the options after a minimum period of 3 years and under the condition of continuous employment.
Qurius provides architecture, realisation and systems management of Microsoft technology based business and IT solutions, including infrastructures. Qurius has over 1,000 staff members; its headquarters are located 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. 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: tel. +31 (0)418 683 500 of [email protected].
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