Pironet NDH AG : remains on course in the third quarter

Cologne, 19 November 2012 - Pironet NDH AG continued in the third quarter of 2012 to focus on its goal of significantly increasing profitability and remains on course with respect to its overall results. The envisaged target for the current fiscal year 2012 is considerably improved profitability at group level and earnings before interest and taxes (EBIT) of more than EUR 2 million. With an EBIT of around EUR 1.6 million to date, Pironet NDH AG is on schedule after nine months. Despite this, differences were apparent in the sales and operating profits of the various group segments. 

Group profit at the planned level
The accrued figures for the third quarter of 2012 present the following results: Sales have been increased from the half-yearly figure of EUR 26.4 million to EUR 39.2 million at 30/09/2012 (previous year: EUR 40.3 million). In the same period the EBIT rose from EUR 1.1 million to almost EUR 1.6 million (previous year: EUR 2.4 million) and in the third quarter the EBT grew from EUR 1.5 million to EUR 2.1 million (previous year: EUR 2.5 million). However, the comparison of the current quarterly results with the previous year is subject to a proviso, because in August 2011 one-off effects in conjunction with the strategic reorient¬ation led to a significantly disproportionate increase in sales and profits in the third quarter. 

These quarterly figures also include the sales and operating profits of nexum AG, which has in the meantime been sold, with the sale taking effect financially on 31/12/2012.

Cloud computing leap in sales and profit
By far the greatest contribution to sales and profit was once again provided by the Group segment ICT Outsourcing. The cloud computing portfolio of this business segment is extremely popular on the market. Posting a hike in sales as well as in profit of around 25% compared to the same period in the previous year, the segment is increasingly developing into the central growth sector in the group. Almost two thirds of the entire group's sales are now generated in this division, with the trend increasing. The two business segments Content Management and Consulting and Creation could not match this success in the third quarter: The software and agency business is currently lagging behind expectations for the entire year.

Further growth in liquidity
Pironet NDH AG was also able to further increase the group's liquidity. Liquid assets rose from the half-yearly figure of EUR 18.1 million to EUR 19.3 million at 30/09/2012. In the previous year it was not possible to post more than EUR 12.7 million at the end of the third quarter, which means the figure has been increased by more than 50% within a year. The liquid assets also represent the net liquidity, as Pironet NDH AG continues to operate without any liabilities to banks.

Further development of business activities prioritised by the Executive Board
The analysis and further development of business activities in existing business sectors, and above all the acceleration of investments in segments such as cloud computing, will be given top priority by the Executive Board in the coming months. Back in April Pironet NDH AG significantly extended its activities in this segment and in August of this year added the Business Development sector to the group's Executive Board. The planned expansion - also through acquisition activities - of the IT business, which offers high margins and economies of scale, will considerably accelerate the development of Pironet NDH.

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Pironet NDH
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