Pironet NDH AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act] 20.06.2011 10:44 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. --------------------------------------------------------------------------- Cologne, 20 June 2011 - The growth rate of the German economy was retained at the beginning of 2011. Germany's adjusted gross domestic product (GDP) rose by 1.5% over the previous quarter and has already exceeded the pre-crisis level of early 2008. The year 2011 also started excellently for the IT sector. According to BITKOM (the German Federal Association for Information Technology, Telecommunications and New Media) 78% of the providers for IT, telecommunications and consumer electronics showed increasing sales during the period from January to March. The general business outlook of the high-tech industry has risen to an all-time high. In 2011, BITKOM expects an overall increase in turnover for the sector of 2%. PIRONET NDH is also feeling the momentum from the good economic situation, and its continued operations achieved a turnover gain of 3.7% to EUR 11.7 million for the first three months of the financial year. The growth rate does not include revenues of SA2 Worldsync GmbH as part of the group's Master Data Services (MDS) segment in 2010 to make it comparable to 2011 (pro forma description). The company has been consolidated using the 'at equity' method since January 1st 2011. All group segments except MDS were able to increase sales significantly over compared to the previous year. The section with the strongest growth, recording an increase of 9.7% to EUR 2.5 million, was Content Integration; ICT Outsourcing remained the section with the highest turnover, with EUR 5.7 million (+6.6%). EBT amounted to EUR 0.0 million (previous year EUR 0.4 million), with development varying across the different segments. Earnings in the segments ICT Outsourcing and Content Integration were accompanied by losses in the other areas. In the discontinued segment Finance IT Services an EBT of EUR -1.6 million was created as a result of an asset deal implemented using financial assistance on 31st March 2011. In the future, no further financial burdens will be incurred in this segment at that level. With capital investments almost unchanged at EUR 1.1 million (EUR 1.2 million), liquid assets decreased from EUR 13.5 million as at the end of 2010 to EUR 12.2 million in the reporting period. This decrease is mainly due to the deconsolidation of SA2 Worldsync GmbH. This sum corresponds to net liquid assets, as PIRONET NDH continues to work without bank loans. Per share, this makes EUR 0.84. The equity ratio as at 31st March 2011 was over 70%. The proportion of intangible assets to total assets has fallen perceptibly to below 10%. It is imperative in the current fiscal year to continue to work on the profitability and the optimization of the company's structure, and in this way to push forward the process of change that has already begun. The trend for the first quarter confirms that this was the right decision. With the sale of most of the loss-making activities of agentes AG an important step has been achieved in this direction. The review of all strategic options for the MDS segment, including the creation of strategic partnerships or sales, has utmost priority on the Management Board's agenda. The Management Board still expects to achieve this year's targets set out in the annual report. The Management Board About PIRONET NDH AG 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 four companies specializing in the different business areas ICT outsourcing, consulting and design, content management solutions as well as IT-solutions for retail / CPG. 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 400 people working in 20 different countries and posted sales figures of around 55 million euros in the last financial year (2010). Further Information: http://www.pironet-ndh.com Contact: Investor Relations PIRONET NDH Von-der-Wettern-StraÃe 27 Phone.: +49.2203.935 30-3951 51149 Cologne Fax: +49.2203.935 30-3959 E-Mail: ir@pironet-ndh.com 20.06.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-IRE: Pironet NDH AG: PIRONET NDH in a state of change
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