Pironet NDH AG presents provisional results for 2013: Group EBIT reaches a new high thanks to record figures in the Cloud Computing segment and a turnaround in the Content Management segment
An overview of the provisional 2013 figures
The provisional key figures of Pironet NDH AG are as follows for the 2013 reporting period:
Increase in turnover of 6.6% to EUR 46.0 million (previous year: EUR 43.2 million)
However, growth in the group segments performed differently:
- Cloud Computing increase in turnover of 12.1% to EUR 36.1 million (previous year: EUR 32.2 million)
- Content Management decrease in turnover by 12.8% to EUR 9.6 million (previous year: EUR 11.0 million)
EBIT increase of 28.7% to EUR 2.8 million (previous year: EUR 2.2 million)
EBT increase of 10.2% to EUR 3.0 million (previous year: EUR 2.7 million)
EBITDA increase of 5.6% to EUR 6.4 million (previous year: EUR 6.1 million)
Investment growth to EUR 6.1 million (previous year: EUR 2.5 million)
Decrease in net liquidity to EUR 17.5 million (previous year: EUR 21.3 million)
Growth in turnover in the group
During the 2013 financial year, Pironet NDH AG was able to increase its turnover and achieve revenues of EUR 46.0 million (previous year EUR 43.2 million). The increase in turnover was solely the result of organic growth. Fluctuations in quarterly revenues were almost flat, ranging from EUR 10.6 million in Q1 to EUR 12.7 million in the strongest fourth quarter.
Nevertheless, 2013 once again presents a differentiated picture with regard to the respective contributions to turnover of the individual business areas.
Whilst the Cloud Computing segment was able to increase its revenues significantly once again to EUR 36.1 million (previous year: EUR 32.2 million), turnover in the Content Management segment decreased from EUR 11.0 million in the previous year to EUR 9.6 million in the 2013 reporting period. The decrease in the Content Management business division can be attributed to - among other things - the realignment of the subsidiary company Imperia AG to focus on trend issues such as social media management and omni channel marketing, which was carried out and intensified during the previous financial year. In this respect, for Imperia AG, last year was initially about developing innovative customer solutions and establishing a corresponding market position and brand recognition. An essential objective of the realignment was to return Imperia AG to a positive segment result. Imperia AG achieved this turnaround in 2013.
Significant increase in operating results
The sustained success of focussing the group on the Cloud Computing group segment, which has strong growth and margins, and which was implemented over the previous years, is also reflected in particular in the operating income for the 2013 reporting period.
Group EBIT was again significantly increased from EUR 2.2 million (in 2012) to EUR 2.8 million, whilst earnings before tax (EBT) was again significantly increased from EUR 2.7 million (in 2012) to EUR 3.0 million in the 2013 reporting period. EBITDA (earnings before interest, taxes, depreciation and amortisation) increased from EUR 6.1 million in the 2012 financial year to EUR 6.4 million in 2013. The earnings figures for the 2013 reporting period already include the unbudgeted one-off items of expenditure of around EUR 0.2 million that the company accrued in connection with the public takeover offer by CANCOM SE in the last quarter of 2013, and which have had a corresponding effect on the reporting period.
Earnings in the individual group segments
The once again good sector EBIT in Cloud Computing of EUR 4.4 million (previous year: EUR 4.1 million) and the recovered profitability in the Content Management business division, which now once again demonstrates positive earnings of EUR 0.1 million (previous year: EUR -0.3 million), have been crucial for the significant increase in the income at group level when compared to the previous year.
Viewed against the background of promising sales opportunities in Cloud Computing, the company has also increased its personnel resources in this segment over the last financial year. The costs associated with this, in particular for the essential development of the expertise of the new employees, will initially affect the current segment results from a short-term perspective, but they are essential within the framework of the planned increased in turnover and earnings within the group.
Change in net liquidity
The level of cash and cash equivalents as of 31 December 2013 fell as against the previous year from EUR 21.3 million to EUR 17.5 million but continues to remain at a high level. As before, the company does not have any bank liabilities. The decrease in net liquidity is attributable to the payment of an increased dividend to shareholders of EUR 2.2 million in May of the 2013 reporting period and in particular to the increase in investment in the Cloud Computing segment. In light of the anticipated high level of growth in the cloud environment, the company has more than tripled its investment in this segment with EUR 3.9 million compared to the previous year (EUR 1.2 million).
Outlook for the 2014 financial year
In the 2013 financial year, Pironet NDH AG was able to further expand and cement its good position, especially in the field of Cloud Computing. With its holistic portfolio of services from its German Business Cloud® and, from a customer's perspective, the complete freedom of choice in realising Cloud Computing scenarios, the company has important unique selling points for an even more comprehensive penetration of the market in the future.
Against this backdrop, the Board of Directors views the current 2014 financial year in a positive light and expects double-digit percentage growth as well as a further improvement of the operating result (EBIT) to EUR 3.2 million.
The complete group annual financial report for 2013 will be published on 17 April 2014 at www.pironet-ndh-group.com.
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.
For more information visit: http://www.pironet-ndh-group.com