CANCOM SE — Earnings Release 2008

Aug 29, 2008

News Details

Corporate | 29 August 2008 10:06

PIRONET NDH AG:Pironet NDH catches up and confirms prediction

Pironet NDH AG / Half Year Results

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The issuer is solely responsible for the content of this announcement.

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Pironet NDH catches up and confirms prediction

Cologne, Germany, August 29, 2008 – Sales revenues of the Pironet NDH group
have again increased significantly in the first half of the year. Sales are
up by approximately 6.8% and have reached a value of €28.5 million. New
all-time highs were achieved in both quarters. In the software and services
sectors, a development in the opposite direction has occurred. Whilst sales
in the software division reduced from €7.5 million last year to €6.4
million, service sales increased by 15.1% to €22.1 million. The decline in
software sales with a simultaneous increase in depreciations (€2.7 million
after €2.3 million) is reflected in the profit levels. EBIT slipped from
€1.4 million to €0.9 million. At the same time, the EBIT margin decreased
from 5.1% to 3.2%.

However, profitability has been considerably improved throughout the course
of the year. EBIT in the first quarter was at €0.3 million, but this was
increased to €0.6 million during the period from April to June. The EBIT
margin improved between the first and second quarters, rising from 2.3% to
almost 4.1%. With slightly weaker financial results (€0.5 million after
€0.6 million), the same trend applies to EBT (Q.1: €0.5 million; Q.2: €0.9
million), which fell by 30% to €1.4 million. The same pattern is observed
for after-tax results. With €1.0 million after €1.6 million the result is
considerably weaker, but perceptibly upwards-moving on a quarterly
comparison basis.

Pironet NDH is entering the second half of the year with optimism. The
company is well positioned, has innovative, trend-setting products and
wants double-digit growth. Its optimism is founded and substantiated with
orders in hand as of 30 June worth €48 million – the highest in the
company's history. Taking the year as a whole, the board of directors of
Pironet NDH AG is expecting a considerable improvement in sales and
revenue. Growth will gather pace in the second half of the year. The
objective is to exceed the €60 million turnover mark (2007: €53.9 million)
with an over-proportionate growth in operating profit. To do so, software
sales will need to pick up, which is expected to happen in the fourth
quarter.

The Board of Directors

About Pironet NDH
Pironet NDH (established in 1995) offers innovative solutions for the
creation, synchronization and distribution of digital content of all kinds,
as well as for the optimization of internal and external business
processes. The company's main areas of expertise include consulting and
conceptual services, software products and the operation of
business-critical infrastructures and applications. The listed technology
firm is based in Cologne and employs over 450 people across several
branches and offices throughout Europe. Its clients include both
medium-sized companies and international corporate groups.
Further information at: www.pironet-ndh.com

Press contact:
Pironet NDH
Investor Relations
Theodor-Heuss Str. 92-100
51149 Cologne
Tel.: +49.2203.935 30-3951
Fax: +49.2203.935 30-3959
E-Mail: ir@pironet-ndh.com

29.08.2008 Financial News transmitted by DGAP

Language: English
Issuer: Pironet NDH AG
Theodor - Heuss Strasse 92 - 100
51149 Köln
Deutschland
Phone: +49 (0)220 393530 - 39
Fax: +49 (0)220 393530 - 39
E-mail: ir@pironet-ndh.com
Internet: www.pironet-ndh.com
ISIN: DE0006916406
WKN: 691640
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg,
München, Stuttgart

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