PIRONET NDH showing a loss

(PresseBox) ( Cologne, Germany, )
In 2009, the provider of solutions dealing with digital content and data entered the red for the first time in seven years. This was due to the high costs accrued compared with proceeds made, as well as the strong, exceptional influence of extraordinary depreciation on its products, receivables and customer contracts. Provisional figures suggest that turnover during this reporting period improved by a good 1% to EUR 60.4 million. The EBIT underwent a swing of EUR 8.5 million. Sharp rises in marketing and sales costs, and more than double the research and development costs played a major role in the EBIT dropping from EUR 2.9 million to EUR -5.6 million.

Financial results also showed a deficit. A key part in this was played by the complete writeoff of the indatex investment, which made up EUR 3.0 million. The overall income from investment was EUR -2.2 million, compared with interest income of EUR 0.2 million. On balance the financial results were thus EUR -2.0 million, making a pretax result of EUR -7.6 million, against EUR 3.5 million the year before.

For the 2010 financial year, PIRONET NDH management is confident the company will again grow more strongly and break even. It also aims to increase liquid funds, which stood at around EUR 12.0 million as of 31 December 2009, corresponding to net liquidity, as PIRONET NDH continues to work without any bank liabilities.
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