PROCON sales at EUR 24.4 million in the first quarter / EBITDA at EUR 4.0 million
The operating result amounts to EUR 0.8 million in the first quarter 2010 (previous year: EUR -0.2 million) and earnings before taxes to EUR 0.1 million (previous year: EUR -1.1 million). Earnings per share amount to EUR -0.01 (previous year: EUR -0.07).
Procon could increase turnover and earnings in the first quarter 2010. This increase was mainly caused by the international business. International sales as a percentage of total sales amounts to 60 % - significantly higher than in the first quarter of 2009 (39 %). Orders on hand as per May 31, 2010 amount to EUR 21.4 million (previous year: EUR 12.6 million). Although this figure has limited validity for the coming months due to the shortterm aspect of the business, we have an optimsitic view on 2010.
Projects served by Procon in the first quarter of 2010 have included amongst others: the Echo Awards,Germany, the Olympic Winter Games in Vancouver, Canada, as well as numerous international exhibition stands, e.g. at the Detroit Motor Show, USA, and the International Motor Show in Geneva, Switzerland. Recently, Procon served the Eurovision Song Contest in Olso, Norway.