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Business trend at Pironet NDH AG in third quarter of 2013: Positive quarterly results in both corporate segments see Group EBIT increasing by some 30% compared with previous year
Cloud Computing continues to grow rapidly
The corporate segment Cloud Computing has once again posted record figures at the end of the third quarter. Segment sales in the first nine months reached a new record high of EUR 26.5 million (previous year EUR 24.2 million), and the segment EBIT in Cloud Computing jumped from EUR 3.2 million in the previous year to EUR 3.5 million at the end of the third quarter of 2013.
Content Management: Improved development of sales and profits in the third quarter
The corporate segment Content Management has stopped the downward trend witnessed in the past and, compared to the first two quarters of the current year, was once again able to increase segment sales and post an improved and positive segment result - even if, compared with the same period in the previous year, segment sales have dropped from a total of EUR 8.4 million to EUR 6.5 million as of 30/09/2013 and the segment EBIT of EUR -0.3 million (previous year EUR -0.5 million) after nine months still does not yield a balanced segment result.
Key figures in the Group: Significant increase in the EBIT
Overall the Group sales of EUR 33.3 million for Pironet NDH AG exceeded the level of the previous year (EUR 32.7 million), and a significantly higher EBIT of EUR 2.1 million was again posted. Compared to the previous year (EUR 1.7 million), this means that the Group EBIT grew by 29 per cent. The EBT also increased slightly and now amounts to EUR 2.3 million (previous year EUR 2.2 million) after nine months.
The net liquidity of Pironet NDH AG at the end of the third quarter remained healthy, totalling EUR 18.1 million. The decrease of EUR 1 million since the middle of 2013 (net liquidity: EUR 19.1) is mainly the result of growth investments connected with new business acquired in the corporate segment Cloud Computing. In recent months, Pironet NDH was able to acquire several larger contracts in the Cloud Computing segment and also to extend and expand a large number of contracts with important existing customers.
In view of the continuing high profitability in the core segment Cloud Computing and the progress made in realigning Imperia AG, the Management Board regards the company as being very much on the right course to achieve the profit targets for the current fiscal year. For the entire year 2013 the Management Board continues to anticipate an improvement of the EBIT to more than EUR 2.8 million.
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