The financial crisis has now also hit the IT sector. After being on the sunny side of economic trends in recent years with high growth rates, the climate for the sector has now undergone a significant downturn. PIRONET NDH has reacted to this promptly. All those involved took concerted action to string together a package of measures, the implementation of which is occurring in the second half of the year and will lead to costs savings of around 2.5 million already in 2009. By far the largest part of this, namely more than 40%, concerns staffing costs. In order to prevent a further diminishing of liquid fund holdings, a significant decrease in investments in internal products has been decided and all external costs have been carefully evaluated.
PIRONET NDH continued its growth in the first 6 months of the current reporting period but the uncertainties have increased during the course of the year. The Board is therefore assuming that, on the basis of the current information, the internal goal of double-digit growth in turnover will not be achieved. PIRONET NDH's EBIT and EBT have gone into the red in the first half of the year at -0.7 EUR and -1.1 EUR respectively. This situation requires robust counter-measures and, accordingly, a rapid response was essential. The costs must be adapted. The aim of the package of measures is to break the negative earnings trend. The half year report for 2009 will be made public on 31 August.
PIRONET NDH continued its growth in the first 6 months of the current reporting period but the uncertainties have increased during the course of the year. The Board is therefore assuming that, on the basis of the current information, the internal goal of double-digit growth in turnover will not be achieved. PIRONET NDH's EBIT and EBT have gone into the red in the first half of the year at -0.7 EUR and -1.1 EUR respectively. This situation requires robust counter-measures and, accordingly, a rapid response was essential. The costs must be adapted. The aim of the package of measures is to break the negative earnings trend. The half year report for 2009 will be made public on 31 August.
