DGAP-News: Pironet NDH AG: Half year report 2011 in a state of change

DGAP-News: Pironet NDH AG / Key word(s): Half Year Results
Pironet NDH AG: Half year report 2011 in a state of change

23.08.2011 / 11:41

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Cologne, 23 August 2011 - The current half year report of Pironet NDH shows
a company in a state of change. The medium sized company group parts with
loss making Group units, renewed and streamlined the Management Board and
trimmed the business segments to sustainable profitability.

Separation from loss making business sectors

Already in March Pironet NDH sold the agentes Group (segment Finance IT
Services). As at 10th August 2011 the Management Board announced the
separation from substantial parts of the segment Master Data Service (MDS).
Pironet NDH sold its 51 percent share of the SA2 Worldsync GmbH to its
longstanding co-partner GS1 Germany GmbH. The purchase price is set at EUR
2.6 million. Among other things the transaction also encompasses the
granting of a licence for EUR 1.4 million. These amounts will flow within
the second half year 2011. With the sale of the shares in SA2 Worldsync
GmbH the process of the strategic review of the MDS segment of Pironet NDH,
as announced on 25th March 2011 is successfully completed. In this
connection, as at 10th August 2011 an internal reorganisation of SA2 Retail
AG and SA2 Exchange GmbH was decided: SA2 Retail AG is scheduled to be
integrated in Imperia AG (segment Content Integration) and SA2 Exchange
GmbH in Pironet NDH Datacenter GmbH (segment ICT Outsourcing).

Sales growth and improved operating result

The SA2 Worldsync GmbH had only been consolidated at equity since 1st
January 2011. This makes the evaluation of the efficiency difficult
compared to the previous year. The half year report offers therefore in the
annex a comparison adjusted for this effect for the first half year 2010
and 2011.
On this comparable basis consolidated sales in the continued operations
improved of 17% to EUR 26.1 million and the EBIT from EUR 0.0 million to
EUR 0.9 million. The continued operations are showing a positive and -
compared to the previous year - a significant strengthened EBIT. The
exceptional charges from the restructuring have taken a negative effect
though on the overall result before taxes (EBT) of Pironet NDH and the
Group result.

Focus on profitability and the optimization of the structures

The fiscal year 2011 sees itself as a year of transition and strategic
realignment. The main objective is to sharpen the structure and the
portfolio within the Group. Therefore Pironet NDH concentrates now on three
Group segments (formerly five Group segments). Saving potential within
administration and future location costs is a result. Furthermore the Group
streamlined its Management Board to two Members of the Board.
As part of the strategic realignment the independence of the individual
Group segments will be preserved. At the same time the clear focus
on profitable business operations is imperative. Thus PIRONET NDH will
exploit and develop its strengths as a medium sized company group
sustainably.

The Management Board

About Pironet NDH AG 
PIRONET NDH AG offers the market a unique portfolio of solutions for
handling digital content and data. This includes consultancy, software,
integration and outsourcing services. PIRONET NDH AG is a corporate group
that brings together three companies specializing in the different business
areas ICT outsourcing, consulting and design as well as content management
solutions. PIRONET NDH AG was founded in 1995 and is based in Cologne.
Since 2000, it has been listed on the German stock exchange. The Group of
companies employs more than 350 people and posted sales figures of around
55 million euros in the last financial year (2010).


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Language:    English                                                
Company:     Pironet NDH AG                                         
             Von-der-Wettern Str. 27                                
             51149 Köln                                             
             Germany                                                
Phone:       +49 (0)220 393530 - 6002                               
Fax:         +49 (0)220 393530 - 6009                               
E-mail:      ir@pironet-ndh.com                                     
Internet:    www.pironet-ndh.com                                    
ISIN:        DE0006916406                                           
WKN:         691640                                                 
Listed:      Regulierter Markt in Frankfurt (General Standard);     
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
 
 
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