Lavide Holding N.V.
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Publicatie datum
12 mrt 2008 - 21:30
Statutaire naam
Lavide Holding N.V.
Titel
Annual results 2007 - Qurius NV
Bericht
Summary:
13 March 2008 – Qurius showed a strong recovery in the fourth quarter of 2007. Results after taxes in Q4 were EUR 1.6 million (Q4 2006: EUR 0.8 million). In 2007 the company realised a net sales of EUR 112.9 million (2006: EUR 41.9 million), which is in accordance with earlier announcements. This is an increase of 170%, of which 9% organic growth. EBIT in 2007 amounted to EUR 4.3 million (2006: EUR 4.7 million).
Results after taxes for the full year 2007 were EUR 2.3 million (2006: EUR 3.2 million). This decrease was caused by low(er) profitability of several country operations with still insufficient critical mass. Additionally, Qurius did an unforeseen amortisation on the client portfolios (intangible fixed asset) of EUR 0.5 million after a recommendation of the AFM. The acquired Watermark client portfolio was valued at EUR 2.5 million.
Qurius also harmonised the result recognition of maintenance contracts which, in 2007, led to a non-recurring result adjustment of EUR -0.7 million. The amortisation of intangible fixed assets and this harmonisation have been booked in the fourth quarter; they refer, however, to the whole year 2007. Out of the above mentioned adjustment of EUR 1.2 million, around EUR 0.4 million relates to the fourth quarter. The other EUR 0.8 million concerns the earlier quarters. Considering this, the ultimate result of Q4 was remarkable.
Fred Hermans, CEO: “In 2007, our focus was the integration of one Dutch organisation, rebranding and restructuring various country operations and enlarging our critical mass in Germany, Sweden and the United Kingdom through acquisitions. This way we laid the foundation to realise our midterm strategy in the coming years. Qurius is increasingly recognised, nationally and internationally, as a leading company and ICT-partner in the market. The 2007 financial performance was not up to par. However, the strong fourth quarter created a solid base and gives confidence in improvement for 2008.”
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Datum laatste update: 12 november 2024