Cologne, Germany (ots)
- The package of measures initiated as
early as the Spring at PIRONET NDH, the Internet software house, is
already starting to bear fruit. The Group's restructuring coupled
with rigorous cost management has caused profits to surge in the
third quarter, despite sales having fallen from Euro 7.38 million in
Q3, 2000 to Euro 6.12 million in the same quarter this year. EBIT has
leaped some 133 percent to Euro 0.85 million. The Company's cash flow
increased about Euro 2 million from Euro 30 million (Q2 2001) up to
Euro 32 million at the end of Q3. Therefore PIRONET NDH has the
lion's share of the proceeds from the IPO still on hand, EBT shows a
result of Euro 1.11 million. Both results are absolute records in the
history of PIRONET NDH.
In the nine-month frame, PIRONET NDH has seen sales rise 1.2
percent to Euro 18.29 million. As regards EBIT, the Cologne-based
company have thus far posted a loss of Euro 1.33 million, greater
than the loss of Euro 0.95 million at the same point last year. In
terms of the loss before taxes, the figure is Euro 0.3 million as
compared with a loss of Euro 0.05 million for the first three
quarters of the prior year.
PIRONET NDH has set its sights firmly on breaking even in business
2001 in terms of EBIT and of scoring clear EBT.
The above-mentioned figures are provisional. The conclusive
financial figures will be announced in mid-November in the framework
of our quarterly reporting.
ots Originaltext: Pironet NDH
Tel.: +49 221 / 770 -1150
Fax: +49 221 / 770 -1155