plenum AG / Preliminary Results/Quarter Results
29.04.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc - announcement plenum AG
plenum maintains profit in Q1/2008
Revenue consulting grows by 20% wrt. Q4/2007
- plenum with first quarter 2008 EBIT of Euro 0.2 m (cf. Q1/2007 Euro 0.3
m loss)
- revenue consulting grows by 21,4% compared to previous year´s first
quarter to reach Euro 4.6 m
- new contract from the emirates worth more than a million Euros
- plenum confirms the preliminary figures of its last business year 2007
Wiesbaden, April 29 plenum AG (Prime Standard, ISIN DE 0006901002) has
once more confirmed its growth strategy by strengthening its core
activities to be profitable. Thus revenues in the first quarter of 2008
grew by 21.4% to Euro 4.6 m when compared with the same period of last year
(Euro 3.8 m*). With a margin of 4.7% EBIT could be extended to Euro 0.22 m
compared with a loss of Euro 0.35 m in the first quarter of last year; the
gross margin reached 35.8%. Thus the result was positive for the second
quarter in a row after last year´s sale of Stoll & Fischbach, the
advertising agency.
Because of its tax loss carry forward and a positive return from financial
assets the first quarter´s profit was Euro 0.24 m resp. 5.2% of its
revenue.
Thus in the previous quarter the assesment was confirmed that plenum´s core
activity management-consulting bears a high potential for both profit and
growth. plenum´s positioning as 'THE consulting partner for the
industrialization of the (financial) services domain' was well perceived by
the market und resulted in a clear rise of the order backlog to Euro 5.8 m
per the first quarter´s end (cf. Euro 5.0 at the end of 2007)
A new contract from the United Arabian Emirates contributes significantly
to this backlog; work has already started last quarter and the contract has
being signed yesterday. Daman, the first national health insurance company
of Abu Dhabi has contracted plenum to assist in the implementation of its
eBusiness strategy, which itself had been defined by plenum in the past.
This order is one of plenum´s largest consulting mandates ever and extents
well into 2009.
After this good start into 2008 plenum confirms its estimate for 2008 and
continues to project a growth rate of 15% to 20% thus resulting in
revenues* of Euro 20 m, and an EBIT of Euro 1.2 m (i.e. a profit margin of
6%). For the second quarter 2008 plenum forecasts revenues of Euro 4.8 m
and an EBIT of Euro 0.3 m.
plenum continues to plan an annual organic growth of 15% to 20% also for
the years to come. Accordingly, resulting from the current gross margin of
30% and a better proportional rate of fixed costs, the EBIT margin will
increase to 12%.
Today the annual report 2007 will be published; it confirms the figures
already communicated via ad-hoc on March, 31. The report can be downloaded
from www.plenum.de (in German and English) or can be ordered through plenum
Aktiengesellschaft, Investor Relations, Hagenauer Str. 53, D-65203
Wiesbaden
The first quarter 2008 report will be published on May, 28.
* less revenues from the discontinued operations of Stoll & Fischbach,
which had been sold per September, 31.
Regarding plenum AG:
plenum AG (Prime Standard, ISIN DE0006901001) is a leading German
Management Consulting Firm focusing on solutions for strategic task
completion as part of the industrialization of service providers,
particularly financial service providers and energy suppliers. Its core
competencies include marketing and communications, business process
optimization and outsourcing, IT-Efficiency and IT-Outsourcing as well as
Human Resources and Skill Management. The chain of services runs from
strategy development right up to monitoring successful implementation.
Regarding further information or inquiries, please contact:
plenum AG
Investor Relations
Hagenauer Str. 53
65203 Wiesbaden
Tel.: +49 (0)611-9882-0
Fax: +49 (0)611-9882-496
Email: aktie@plenum.de
Internet: www.plenum.de
Investor Relations
FINREL GmbH financial relations
Stefan Bülling
Barnerstr. 14
22765 Hamburg
Tel.: +49 (0)40-39834-641
Fax: +49 (0)40-39834-649
Email: info@finrel.de
Internet: www.finrel.de
Information and comments from the issuer of this report:
This report contains forward-looking statements that involve risks and
uncertainties due to current expectations, estimates, predictions and
forecasts as well as the use of estimates by the management of plenum AG.
Such forward-looking comments comprise the predictions of budgets,
strategies and outlooks. Forward-looking statements can also be identified
by words such as 'anticipates', 'expects', 'preliminary', 'plans',
'predicts', and similar terms. Forward-looking statements are no guarantees
of future performance and the Company's actual results may differ
significantly from the results discussed in this section.
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Information and Explaination of the Issuer to this News:
Regarding plenum AG:
plenum AG (Prime Standard, ISIN DE0006901001) is a leading German
Management Consulting Firm focusing on solutions for strategic task
completion as part of the industrialization of service providers,
particularly financial service providers and energy suppliers. Its core
competencies include marketing and communications, business process
optimization and outsourcing, IT-Efficiency and IT-Outsourcing as well as
Human Resources and Skill Management. The chain of services runs from
strategy development right up to monitoring successful implementation.
Contact:
plenum AG
Investor Relations
Hagenauer Strasse 53
65203 Wiesbaden
EMail: aktie@plenum.de
DGAP 29.04.2008
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Language: English
Issuer: plenum AG
Hagenauer Straße 53
65203 Wiesbaden
Deutschland
Phone: +49 (0)611 9882-361
Fax: +49 (0)611 9882-496
E-mail: aktie@plenum.de
Internet: www.plenum.de
ISIN: DE0006901002
WKN: 690100
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: plenum AG: plenum maintains profit in Q1/2008 Revenue consulting grows by 20% wrt. Q4/2007
| Source: EQS Group AG