Sales revenues of the Pironet NDH group have again increased significantly in the first half of the year. Sales are up by approximately 6.8% and have reached a value of €28.5 million. New all-time highs were achieved in both quarters. In the software and services sectors, a development in the opposite direction has occurred. Whilst sales in the software division reduced from €7.5 million last year to €6.4 million, service sales increased by 15.1% to €22.1 million. The decline in software sales with a simultaneous increase in depreciations (€2.7 million after €2.3 million) is reflected in the profit levels. EBIT slipped from €1.4 million to €0.9 million. At the same time, the EBIT margin decreased from 5.1% to 3.2%.
However, profitability has been considerably improved throughout the course of the year. EBIT in the first quarter was at €0.3 million, but this was increased to €0.6 million during the period from April to June. The EBIT margin improved between the first and second quarters, rising from 2.3% to almost 4.1%. With slightly weaker financial results (€0.5 million after €0.6 million), the same trend applies to EBT (Q.1: €0.5 million; Q.2: €0.9 million), which fell by 30% to €1.4 million. The same pattern is observed for after-tax results. With €1.0 million after €1.6 million the result is considerably weaker, but perceptibly upwards-moving on a quarterly comparison basis.
Pironet NDH is entering the second half of the year with optimism. The company is well positioned, has innovative, trend-setting products and wants double-digit growth. Its optimism is founded and substantiated with orders in hand as of 30 June worth €48 million - the highest in the company's history. Taking the year as a whole, the board of directors of Pironet NDH AG is expecting a considerable improvement in sales and revenue. Growth will gather pace in the second half of the year. The objective is to exceed the €60 million turnover mark (2007: €53.9 million) with an over-proportionate growth in operating profit. To do so, software sales will need to pick up, which is expected to happen in the fourth quarter.
However, profitability has been considerably improved throughout the course of the year. EBIT in the first quarter was at €0.3 million, but this was increased to €0.6 million during the period from April to June. The EBIT margin improved between the first and second quarters, rising from 2.3% to almost 4.1%. With slightly weaker financial results (€0.5 million after €0.6 million), the same trend applies to EBT (Q.1: €0.5 million; Q.2: €0.9 million), which fell by 30% to €1.4 million. The same pattern is observed for after-tax results. With €1.0 million after €1.6 million the result is considerably weaker, but perceptibly upwards-moving on a quarterly comparison basis.
Pironet NDH is entering the second half of the year with optimism. The company is well positioned, has innovative, trend-setting products and wants double-digit growth. Its optimism is founded and substantiated with orders in hand as of 30 June worth €48 million - the highest in the company's history. Taking the year as a whole, the board of directors of Pironet NDH AG is expecting a considerable improvement in sales and revenue. Growth will gather pace in the second half of the year. The objective is to exceed the €60 million turnover mark (2007: €53.9 million) with an over-proportionate growth in operating profit. To do so, software sales will need to pick up, which is expected to happen in the fourth quarter.
