Ad-hoc | 16 November 2006 08:50
plenum AG: plenum resumes its growth course in the third quarter 2006 and attains break even earlier than expected
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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plenum AG: plenum resumes its growth course in the third quarter 2006 and
attains break even earlier than expected
– Sales revenues rise in Q3 2006 to EUR 6.8 million (prior quarter: EUR
6.5 million)
– Sales revenues after refocusing are above the prior year’s quarter for
the first time (PY: EUR 5.7 million, plus 19.7%)
– Break Even reached earlier than expected
Wiesbaden, November 14, 2006 – plenum AG (Prime Standard, ISIN DE
0006901002), a consultancy firm specialising in strategic solutions with a
distinct IT focus for banks, insurance companies, logistics and utilities,
and supplemented by the communications business acquired in 2000,
successfully implements its refocusing strategy in Q3 2006 and is once
again on a growth course.
Based on the preliminary figures, sales revenues climbed to EUR 6.8 million
in Q3 2006, thus representing a rise for the third time in a row (Q2 2006:
EUR 6.5 million, plus 3.8%). For the first time since the discontinuance of
the implementation business (refocus strategy), sales rose compared to the
prior year’s quarter by EUR 1.1 million (PY: EUR 5.7 million) or by 19.7%.
After nine months sales revenues amount to EUR 19.5 million (PY: EUR 22.3
million).
The refocus strategy implemented at the end of 2004, which focused on:
– concentration on consulting business
– distinction in the communications business and
– exit from the pure implementation business (programming)
has brought the company back on a growth track by concentrating on the core
business segments: consulting and communications. Consequently, sales from
consulting climbed during the first nine months of 2006 by 16.6% compared
to the prior year’s period. Within its customer projects the consulting
could achieve important improvements in the IT-organisation of leading
multinational banks during the current year. Sales from communications
rose by 13.3% versus the first nine months of the previous year.
The exit from the implementation business (still representing 50% of sales
in 2004) was linked with considerable expenditures. But, since the refocus
was placed on the consulting business yielding strong margins, the company
was able to attain break even already in Q3 2006, which was faster than
planned. Earnings before interest and taxes (EBIT) of EUR 0.0 million in Q3
2006 (Q2 2006: minus EUR 0.3 million) was substantially above the
comparative prior period (Q3 2005: minus EUR 1.0 million).
Based on this background, a very promising financial year awaits plenum AG
in 2007, in particular, since the demand for high-quality management
consulting services persists.
The company’s interim financial report for the third quarter ended
September 30, 2006 will be published on November 29, 2006. For further
information or inquiries, please contact:
plenum AG
Investor Relations
Hagenauer Str. 53
65203 Wiesbaden
Tel.: +49 (0)611-9882-0
Fax: +49 (0)611-9882-496
Email: aktie@plenum.de
Internet: www.plenum.de
Investor Relations
FINREL GmbH – financial relations –
Stefan Bülling
Barnerstr. 14
22765 Hamburg
Tel.: +49 (0)40-39834-641
Fax: +49 (0)40-39834-649
Email: info@finrel.de
Internet: www.finrel.de
Information and Explanations for this Ad-hoc Announcement by the Issuer:
This announcement contains future-oriented statements that are based on
current expectations, estimates, predictions, and forecasts as well as on
the assessments and assumptions of the management of plenum AG. Such
statements include statements about plans, strategies, and outlooks. Words
such as ‘expect’, ‘most likely’, ‘preliminary’ and similar expressions
identify such future-orientated statements. These statements are not
guarantees of future results and contain risks, uncertainties, and
assumptions that are in part very difficult to foresee. Therefore, the
actual consequences and results could deviate considerably from what has
been stated in the future-orientated statements.
(c)DGAP 16.11.2006
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Language: English
Issuer: plenum AG
Hagenauer Straße 53
65203 Wiesbaden Deutschland
Phone: +49 (0)611 9882-361
Fax: +49 (0)611 9882-496
E-mail: aktie@plenum.de
WWW: www.plenum.de
ISIN: DE0006901002
WKN: 690100
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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