CANCOM SE — Earnings Release 2001

Mar 30, 2001

News Details

Ad-hoc | 30 March 2001 08:52

Ad hoc-Service: Pironet AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– PIRONET: Profit expectations lowered Cologne, March 29, 2001 – PIRONET NDH of Cologne, software producer specialising in content management, has revised its ambitious sales and earnings goals for the current business year ending on December 31 next on the basis of its most recent order book figures. The German company said today that owing to the restrained inclination to invest currently manifest in the IT market, preliminary figures for the first business quarter are below target. For although net sales for the first three months at nearly Euro 5.1 m are slightly up on the year, they still fall short of the targeted Euro 6.5 m. And first-quarter earnings before interest and taxes (ebit) at Euro -1.7 m (after Euro -0.7 m in 2000) deviate even more from the planned Euro -0.8 m- The reason given for this by the company are that orders already firmly budgeted for March have now definitely been postponed, meaning that envisaged 2001 sales of Euro 33 m plus and an ebit of Euro 2 m as recently announced must be reduced to Euro 25 m and Euro 0.3 m, respectively. (All figures are inclusive of those of NDH IT Service AG.) Final figures for the first fiscal quarter will be announced by PIRONET NDH in May. According to the company’s management, the most important aim remains to break even by the end of this year, though. In order to assure this, a number of measures have already been decided upon. including i.a. a reduction of personnel costs and lower spending on both external consulting services and marketing activities, together with stepped-up sales efforts. These decisions were based on the company’s experience at the CeBIT fair Just ended, implying that its products are meeting with good reception, but that given demand needs to be exploited much more actively and that, simultaneously, total costs need to be cut. The Board of Management For further information, please contact: PIRONET AG Investor Relations Josef-Lammerting Allee 14-18 D-50933 Köln Tel.: 0221 -770 1150 Fax: 0221 -770 1155 ir@pironet-ndh.com www.pironet-ndh.com/ir end of ad hoc announcement, (c) DGAP 30.03.2001 ——————————————————————————– WKN: 691640; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 300852 Mär 01