The provider of innovative solutions for the creation, synchronization and distribution of digital content of any kind, as well as for the optimization of internal and external business processes has continued its positive growth for the sixth year in a row. With a positive balance of 10.6% up to €59.6m, growth has once again remained in double figures. The EBIT value increased by around 4,7% to €2.9m and this occurred in spite of a 20% higher level of amortisation as a result of large investments in previous years and also despite a significant rise in marketing and distribution costs of 27.4% up to €12.3m. The disproportionately low rise in operating results led the EBIT margin to fall from 5.1% down to 4.8%. It is worth noting, however, that there has been a significant improvement over the course of the year. The EBIT margin rose from around 3.2% in the first six months to 6.1% in the second half of the year.
Earnings before tax (EBT) conceded ground from €3.7m down to €3.5m since the financial results fell from €1m to €0.6m. A rise in the tax position of €0.4m to €0.6m and also a rise in the level of third-party minority shareholding of €0.03m up to €0.2m led to year-end results of €2.7m which were presented to shareholders (previous year: €3.3m). Within the company this is a result per share of 18 cents (23 cents in the previous year). Despite this fall in results, the General Meeting proposes retaining the dividend of €0.10 per share. This can be justified, among other things, by the high net liquid assets of €1.40 per share. PRIONET NDH continues to work without any bank borrowing.
In the difficult year of 2009 PIRONET NDH still has a relatively optimistic outlook. The industry sector of Information Technology, Telecommunications and New Media is expecting growth of around 1.5% for the areas of Software and IT Services. PIRONET NDH remains confident of growth above the market average. As in 2008, the second half of the year can be expected to show better results than the first six months. In a climate of falling investment the attainment of an appropriate level of free cash flow has the highest priority.
Earnings before tax (EBT) conceded ground from €3.7m down to €3.5m since the financial results fell from €1m to €0.6m. A rise in the tax position of €0.4m to €0.6m and also a rise in the level of third-party minority shareholding of €0.03m up to €0.2m led to year-end results of €2.7m which were presented to shareholders (previous year: €3.3m). Within the company this is a result per share of 18 cents (23 cents in the previous year). Despite this fall in results, the General Meeting proposes retaining the dividend of €0.10 per share. This can be justified, among other things, by the high net liquid assets of €1.40 per share. PRIONET NDH continues to work without any bank borrowing.
In the difficult year of 2009 PIRONET NDH still has a relatively optimistic outlook. The industry sector of Information Technology, Telecommunications and New Media is expecting growth of around 1.5% for the areas of Software and IT Services. PIRONET NDH remains confident of growth above the market average. As in 2008, the second half of the year can be expected to show better results than the first six months. In a climate of falling investment the attainment of an appropriate level of free cash flow has the highest priority.
