CANCOM SE — Earnings Release 2010

Nov 12, 2010

News Details

Ireland | 12 November 2010 11:09

Pironet NDH AG: PIRONET NDH improves, but below plan

Pironet NDH AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]

12.11.2010 11:09

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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PIRONET NDH improves, but below plan
Cologne, 12 November 2010 - In the first year after the sharpest business
decline in the history of Germany, the domestic economy has recovered above
expectations. Compared to the large Western European countries, the USA,
and Japan, Germany has taken the leading role and currently appears in an
extremely robust condition. After multiple upward adjustments in their
forecasts, economic experts now assume a growth rate in the German gross
domestic product of significantly above 3%.
Exports have grown vigorously in 2010. Especially export-oriented
industries profit from the increased demand from the emerging economies.
Development trends for capital expenditures are also clearly on the rise,
and in the private consumption sector the tendency is likewise slightly
positive.
Significantly more modest in comparison to the overall economy is the
recovery in the market for software and IT services relevant for PIRONET
NDH. After a minus of 4.4% in 2009, the National Association Information
Economy, Telecommunication and New Media (BITKOM) expects a growth of 1.7%
in the current cycle.
As in previous years, PIRONET NDH also developed better than the industry
average during the reporting period. The provider of innovative solutions
for the creation, synchronisation and distribution of digital contents of
any kind and for the optimisation of internal and external business
processes including ITK outsourcing showed a growth in revenue of over 4.5%
after 9 months. The plus at the half year was still at 0.3%, which made up
for the growth dent from the third quarter of the previous year. In the
period from July to September we posted an increase of sales revenue of
nearly 14% to 15.8 million euros (previous year: 13.9 million euros).
In the course of this upwards trend, the yield key numbers have also
improved, however the improvement in these values was below the targets.
While the target quantities of our business sectors ITK Outsourcing and
nexum were satisfactory or even surpassed, agentes was not satisfactory.
Counteractive measures were already taken which increased the deficit apart
from the operative loss. Moreover, the Group experienced some special
effects which also had a negative impact. In the third quarter the EBIT
improved from -1.2 million euros to -0.9 million euros, and the EBT from
-1.4 million euros to -0.9 million euros.
The numbers accrued in the first 9 months give the following picture:
Revenues grew from 45.0 million euros to 47.0 million euros. The EBIT moved
forwards from -1.9 million euros to -1.1 million euros. The financial
results increased by 0.8 million euros to 0.2 million euros, resulting in
an EBT of -0.9 million euros after -2.5 million euros. The stock of liquid
funds improved from 12.0 million euros to 13.9 million euros. This
simultaneously corresponds to net liquidity, since PIRONET NDH continues to
operate without bank debt.
Since the restructuring of agentes will also burden the fourth quarter and
no progress and other uncertainties are to be expected in its ongoing
business, this is a heavy burden for the final quarter. Therefore one can
assume that the result will be a deficit in these months as well.
The Board of Directors

About Pironet NDH
PIRONET NDH AG offers the market a unique portfolio of solutions for
handling digital content and data. This includes consultancy, software,
integration and outsourcing services. PIRONET NDH AG is a corporate group
that brings together five companies specializing in the five different
business areas ICT outsourcing, consulting and design, content management
solutions as well as IT-solutions for the industries retail / CPG and
financial services. PIRONET NDH AG was founded in 1995 and is based in
Cologne. Since 2000, it has been listed on the German stock exchange. The
Group of companies employs more than 500 people working in 20 different
countries and posted sales figures of around 60 million euros in the last
financial year (2009).
For further information, please visit: www.pironet-ndh.com

Contact:

Investor Relations Pironet NDH
Von-der-Wettern-Straße 27
Tel.: +49.2203.935 30-3951 51149 Cologne
Fax: +49.2203.935 30-3959 E-Mail: ir@pironet-ndh.com

12.11.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Pironet NDH AG
Von-der-Wettern Str. 27
51149 Köln
Deutschland
Internet: www.pironet-ndh.com

End of Announcement DGAP News-Service

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