Pironet NDH AG presents provisional figures for 2012: Reorientation and Cloud Computing generate more than 130 per cent increase in EBIT

(PresseBox) ( Cologne, )
Pironet NDH AG maintained its policy of reorientation and focusing on scalable IT business in fiscal year 2012. The sustainable success of this continued change process is reflected in the financial results, which have once again improved significantly. As in the previous year, a decisive role was played here by the largest business segment by far: Cloud Computing (previously named ICT Outsourcing).

Provisional key figures for 2012 at a glance

The provisional key figures of Pironet NDH AG (continued group segments) at the end of reporting year 2012 are as follows:

- Sales rose slightly by 0.3% to EUR 43.2 million (previous year: EUR 43.1 million).

However, developments in the corporate segments varied:

- Cloud Computing sales increased by 24% to EUR 32.2 million
(previous year: EUR 25.9 million)

- Content Management sales decreased by 35% to EUR 11.0 million
(previous year: EUR 16.8 million)

- EBIT increased by 133% to EUR 2.2 million (previous year: EUR 0.9 million)
- EBT increased by 156% to EUR 2.7 million (previous year: EUR 1.0 million)
- EBITDA increased by 24% to EUR 6.1 million (previous year: EUR 4.9 million)
- Net liquidity increased by 35% to EUR 21.3 million (previous year: EUR 15.7 million)

The financial contribution from the discontinued group segment is positive.

Cloud Computing sales grow by 24%

In the continued group segments the company was able to increase its sales slightly to EUR 43.2 million (previous year: EUR 43.1 million). Nevertheless, the different business areas also presented a different picture with respect to sales and operating profits.

While the Cloud Computing segment was able to increase its earnings significantly above expectations to more than EUR 32.2 million (previous year: EUR 25.9 million), sales in the Content Management segment in the same period decreased to EUR 11.0 million (previous year: EUR 16.8 million). However, a comparison of the current business result in the business segment Content Management with that of the previous year is only possible to a very limited degree, because in August of fiscal year 2011 extraordinary special and one-off effects related to reorientation led to a disproportionate increase in sales and profits in the third quarter.

Significant increase in the EBIT

The earnings before interest and taxes (EBIT) of the continued group segments increased significantly from EUR 0.9 million in 2011 to EUR 2.2 million, and the EBT from EUR 1.0 million in 2011 to EUR 2.7 million in the reporting year 2012. The EBITDA rose from EUR 4.9 million EUR in fiscal year 2011 to more than EUR 6.1 million in 2012.

The decisive factor for this marked increase is the excellent operating result of the Cloud Computing segment and the continued reduction in costs in the central areas through streamlining of the entire holding company with respect to personnel and organisation.

The Cloud Computing segment was able to increase its segment EBIT from EUR 3.1 million in 2011 by more than 30%, posting a segment EBIT of EUR 4.1 million on 31/12/2012.

The Content Management segment finished reporting year 2012 with a slightly negative segment EBIT of EUR -0.3 million (previous year: EUR 1.3 million). The decrease in earnings can be attributed to the one-off effects of the fiscal year 2011 which were mentioned above. In the previous year Imperia AG additionally enhanced its software solutions in order to position itself in good time in new, attractive Content Management future markets which are increasingly focusing on topics such as mobile communication, content marketing and social media management.

Positive financial contribution from discontinued business segments

Following the withdrawal of Pironet NDH AG from the Consulting and Creation segment in November 2012 and the sale of nexum AG on 31/12/2012, the annual financial result of nexum AG is no longer posted in the continued lines of business but in the discontinued group segments. Thanks to the sale of nexum AG and the capital gains resulting from this the earnings contribution of the discontinued segments were positive.

Net liquidity exceeds EUR 21 million

The good sales and result in the growth segment Cloud Computing and the successful selling of xplace GmbH and nexum AG also promoted the increase in net liquidity in 2012. While the liquid assets at the end of 2011 amounted to EUR 15.7 million, they rose to EUR 21.3 million by the end of the reporting year. This corresponds to net liquidity of EUR 1.46 per share.

Prospects: Focus on IT business with scaling benefits

The continued concentration on scalable and growing IT business and the associated further increase in overall profitability in the current year 2013 remain at the centre of corporate policy in all considerations of the further development of the company.

In the medium term a portfolio of closely intermeshed business activities will be aimed for in all units, and this will further accelerate growth, generate network effects and scaling benefits in the Group, and thus result in double-digit EBIT margins and consequently overall profitability at Pironet NDH AG which considerably will exceed the market average.

In the light of this the Managing Board also views the current fiscal year 2013 very positively and anticipates further growth in sales as well as an enhanced operating profit (EBIT), rising by more than 25% and exceeding EUR 2.8 million.

The Group's complete annual report will be published at www.pironet-ndh-group.com on 23/04/2013.
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