Pironet NDH AG in the third quarter of 2014: new record figures in the Cloud Computing segment increase group EBIT by almost 50 per cent to give the best results in the company's history
Sales and earnings figures in the group
In the first nine months of the current 2014 financial year, Pironet NDH AG was able to increase its group sales considerably by more than 20% to EUR 40.1 million (previous year EUR 33.3 million). In the same period, there was also a clear and disproportionally sharp increase in the company's earnings figures: the operating profit of the continuing business units (group EBIT) jumped by more than 47% to EUR 3.1 million (previous year EUR 2.1 million). At the end of the third quarter, this represents a group EBIT margin of 7.8%.
The EBT of Pironet NDH AG's continuing business units once again increased significantly, with almost the same percentage rise to EUR 3.4 million (previous year EUR 2.3 million).
Sales and earnings figures in the segments
The main drivers of this positive development are the outstanding business performance as well as the continuing high and further increased growth rates in the core segment of Cloud Computing, which now represents almost 80 per cent of group sales. Pironet NDH AG has an excellent position and visibility in the market in this segment.
With an increase in segment sales to over EUR 31 million (previous year EUR 26.5 million) and a jump in segment EBIT to EUR 5 million (previous year EUR 3.5 million), the Cloud Computing business area was again able to achieve record results at the end of the third quarter of 2014. The Content Management business area was also able to expand its growth further. In recent months, Imperia AG has been able to acquire a number of well-known new clients with promising and high follow-up potentials, and has increased its sales during the first nine months by 36% to EUR 8.8 million (previous year EUR 6.5 million). In contrast, segment EBIT in the Content Management business area went in the opposite direction and decreased to EUR -0.8 million at the end of the third quarter (previous year EUR -0.3 million). Organisational and staff changes in the sales department of Imperia AG are intended in particular to strengthen future licence sales and partner business, leading to a return to positive segment earnings.
Further increase in net liquidity
The successful development of the 2014 financial year to date and the associated cash inflows have furthermore led to a further increase in net liquidity since year-end. Cash and cash equivalents increased by EUR 3.4 million from EUR 17.5 million as at 31 December 2013 to EUR 20.9 million as at 30 September 2014. Pironet NDH AG remains unencumbered by any bank liabilities and it continues to have a very high equity ratio of over 80%.
Forecast for the full year
Against the background of continuing high levels of dynamism in the core segment of Cloud Computing, the Board of Directors of Pironet NDH AG affirms its forecast of double-digit growth in turnover for the full year. The Board of Directors is expecting operating profit (group EBIT) in excess of the previously forecast EUR 3.2 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. As of 2014 Pironet NDH is part of the affiliated group CANCOM SE in Munich. 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.
Further information can be found at: http://www.pironet-ndh-group.com