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  • PIRONET NDH AG
  • Obenhauptstraße 12
  • 22335 Hamburg
  • https://www.cancom-pironet.de/
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  • +49 (2203) 93530-0

Business trend at Pironet NDH AG in first quarter of 2013: Development of corporate segments not uniform

Cloud Computing segment continues to record double-digit growth

(PresseBox) (Cologne, ) Pironet NDH AG is presenting its financial figures for the first quarter of 2013 today. The sales and operating results in the corporate segments Cloud Computing and Content Management have, however, developed differently.

An increase in sales of EUR 8.5 million (previous year EUR 7.6 million) enabled Cloud Computing, the largest corporate segment by far, to maintain its double-digit percentage growth. As expected, the Content Management segment posted a drop in revenue down to EUR 2.0 million (previous year EUR 3.1 million). However, a major project for a well-known corporate customer from the financial sector will become effective starting in the second quarter.

The total sales in the first quarter of EUR 10.6 million mean that, overall, Pironet NDH AG has matched the previous year (EUR 10.7 million).

In terms of profits, with its segment EBIT of EUR 1.1 million (previous year EUR 1.1 million), the Cloud Computing segment has achieved an equally high EBIT margin of over 13% despite the intensified expansion of the Cloud Computing business and the associated investments in sales and data centre infrastructure. In addition, significant up-front costs resulted from the successive activation of several new major customers which will begin in the second quarter. The segment EBIT of EUR -0.4 million which is expected in the Content Management segment for the first quarter of 2013 is slightly below that of the previous year (EUR -0.3 million). Furthermore, the quarterly result of Pironet NDH AG is also burdened by the one-off costs for terminating the contract of a former member of the Management Board.

As expected, despite the growth and continued good business trend in the largest corporate segment, Cloud Computing, the earnings before interest and taxes (EBIT) of Pironet NDH AG of EUR 0.4 million on 31/03/2103 were lower than the EBIT in the same quarter of the previous year (EUR 0.6 million); the EBT amounted to EUR 0.5 million (previous year EUR 0.8 million).

The net liquidity of Pironet NDH AG at the end of the first quarter remained healthy, totalling EUR 20.5 million (EUR 18.9 million at the end of the first quarter of the previous year). The slight decrease of EUR 0.7 million since the end of 2012 (EUR 21.2 million) is mainly the result of the investments amounting to EUR 1.6 million in the enhanced data centre infrastructure required for the new business acquired.

The Management Board continues to look ahead positively to the current fiscal year 2013 and over the year expects a growth in sales of between 8 and 10 per cent and an increase in the EBIT to more than EUR 2.8 million.

PIRONET NDH AG

PIRONET NDH AG is a corporate group in the IT market that brings together companies specializing in the business areas Cloud Computing and Content Management. PIRONET NDH was founded in 1995, is based in Cologne and employs more than 300 people. Since 2000, it has been listed on the German stock exchange. Its customers include both international concerns, such as AXA, METRO Group and Panasonic, and small to medium-sized enterprises, such as the specialized publishers Stollfuß Medien, the plastics manufacturer Trocellen and the brewery Kulmbacher Brauerei.For more information visit: http://www.pironet-ndh-group.com