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CANCOM SE — Earnings Release 2007
Nov 16, 2007
71_rns_2007-11-16_bf37dfc4-96b2-4e78-99d1-4e7ebc213524.html
Earnings Release
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Ireland | 16 November 2007 10:00
Pironet NDH AG: Pironet NDH continues strong growth
Pironet NDH AG / Release of an announcement according to Article 37 of the WpHG [the German Securities Trading Act]
Interim report according to Article 37 of the WpHG, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Pironet NDH continues strong growth
Press release
Cologne, Germany, November 16th 2007; The dynamics of the world economy
lost something of its power in the current year, but nevertheless the
German boom continues to be in healthy shape. Apart from an overall
positive global economic environment, domestic demand has contributed
considerably to the upswing. In fact, domestic growth has replaced export
as the most important driving force of economic growth. Business
investments have increased vigorously. The information technology sector
has profited here as well.
The business climate in the hightech sector remains good. According to a
survey conducted by the German Association for Information Technology,
Telecommunications and New Media (BITKOM), 80% of the polled software
companies and IT service providers reckon with increased sales volume in
2007.
The sustained high level of customer investment is reflected in the
financial data of Pironet NDH. Sales improved by 27.8% to 40.4 million
euros after 9 months. The returns also show an upward trend. The EBT margin
increased overproportionally, whereas the EBIT grew underproportionally.
More than triple the amount of amortization (2.3 million euros) on
intangible assets in consequence of the investment offensive in 2005/2006
as well as acquisition expenditures retarded the profit momentum. The EBIT
rose by 17.6% to 2.0 million euros, while at the same time the EBIT margin
dropped from 5.6% to 5.0%. This effect, however, was more than compensated
by the strong plus in the financial results, which more than doubled to 0.9
million euros (previous year: 0.4 million euros). The performance before
taxes could thus be raised by nearly 40% from 2.1 to 2.9 million euros.
On the closing date of 30 September Pironet NDH had liquid assets of 27.3
million euros (26.9 million euros), including assets maintained for
commercial purposes. That corresponds to 1.87 euro per share. The company
continues to operate without bank debts.
The interactive service provider nexum AG contributed the strongest growth
to the corporate group. Furthermore, the company has joined the market for
people search engines, a fresh market highly praised in advance of
performance. As part of this thrust it has acquired 25.1% of myON-ID Media
GmbH, which is now working full speed to expand its reputation management
portal myonid.de into the first German-based people search engine.
Sinfos GmbH maintained the continuous upward trend. The cooperation
negotiations with the US firm Agentrics are now in their final phase. The
planned cooperation would result in the world's largest master data pool
and give the company flagship status on the market.
The ICT Outsourcing division is also doing very well. Numerous new
customers have continually boosted the state-of-the-art computer center's
degree of utilization. The responsible persons are particularly proud that
Microsoft has designated Pironet NDH a Software as a Service (SaaS) partner
in the international Incubation Center Program. As part of this initiative,
Pironet NDH thus now belongs to the circle of currently ten especially
qualified Microsoft partner companies in the world. This will help us
further accelerate the positive growth trend for SaaS solutions and
successfully implement our initiated strategy on the market.
Pironet NDH has headed confidently into its year-end business. The overall
target for the whole year remains to exceed the 'sound barrier' of 50
million euros with an overproportional profit margin.
If no fundamental changes or unexpected special effects to this scenario
occur, then a dividend proposal may be made to the Supervisory Board and
Annual Stockholders Meeting for the first time since the company's
founding.
About Pironet NDH
Established in 1995, Pironet NDH offers innovative solutions for the
creation, synchronization and distribution of digital content of all types,
and also for the optimization of internal and external business processes.
It specializes in consulting and creative services, software products and
the operation of company-critical infrastructures and applications. The
listed technology company, with headquarters in Cologne, has more than 400
employees spread over several locations in Europe. Its customers include
both medium-sized businesses and international groups.
Further information can be found at:
http://www.pironet-ndh.com/internet/html/de/956/index.html
Press contact:
Pironet NDH
Theodor-Heuss Str. 92-100
D-51149 Cologne
Tel.: +49.2203.935 30-3951
Fax: +49.2203.935 30-3959
E-Mail: [email protected]
16.11.2007 Financial News transmitted by DGAP
Language: English
Issuer: Pironet NDH AG
Theodor - Heuss Strasse 92 - 100
51149 Köln
Deutschland
Internet: www.pironet-ndh.com
End of News DGAP News-Service