Lavide Holding N.V.
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Publicatie datum
18 mrt 2010 - 08:12
Statutaire naam
Lavide Holding N.V.
Titel
Qurius Annual Results 2009
Bericht
18 MARCH 2010 – QURIUS REPORTS OPERATIONAL LOSS FOR 2009 CAUSED BY RESTRUCTURING CHARGES AND LOWER LICENSE SALES
Financial highlights
(in EUR x 1,000) 2009* 2008*
Net sales 117,201 126,187
EBIT (excl. restructuring costs and impairment charges) 944 3,323
Non-recurring restructuring costs -2,158 -1,256
Impairment charges -2,043 -10,225
EBIT -3,256 -8,158
Net result -9,032 -22,495
Earnings per share (in EUR) -0.09 -0.21
* Continued operations
2009 Developments
• Revenue from continued operations fell by EUR 8.9 million (7%) caused by decreased license revenues (EUR 17.6 million down to EUR 13 million) and decreased maintenance and services revenues (EUR 97.5 million down to EUR 93.7 million)
• Operating expenses from continued operations decreased by EUR 4.4 million (6%)
• EBIT exc. restructuring and impairment charges amounted to EUR 0.9 million
• EBIT inc. restructuring and impairment charges amounted to EUR – 3.2 million
• Operations in Denmark and Sweden have been discontinued, Multiplus Norway was sold. Result from discontinued operations amounted to EUR -1.7 million
• Net result EUR – 9 million
Fourth Quarter 2009 Developments
• Revenue from continued operations decreased by 12% to EUR 29 million (2008: EUR 33 million)
• License revenue from continued operations amounted to EUR 3.5 million – a reduction of 29% (2008: EUR 5.9 million)
• Lower total personnel costs (EUR -1.1 million) off-set by additional provisions for bad debt as a result of adverse market conditions and legal costs following customer claims
Looking ahead to 2010
• We see no signs of economic recovery yet. It will take some more time this year and next before our markets recover
• Further cost reduction measures have occurred in Q1, 2010, including a reduction in overhead.
• We expect a negative net result inc. restructuring for Q1, 2010.
Leen Zevenbergen, CEO, on developments in 2009 and 2010
“Although Qurius has a very strong European position within the Microsoft market for business
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Datum laatste update: 02 september 2024