EANS-News: D+S europe AG
D+S europe AG Successfully Concludes Strategic
Reorientation -
Good Start to the Year 2010
Hamburg (euro adhoc) -
Turnover in Q1 plus 7 per cent to 77.6 million euros Significant EBITDA improvement by EUR 3.1 million to EUR 4.3 million in Q1 of 2010
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Company Information
Subtitle: Turnover in Q1 plus 7 per cent to 77.6 million euros Significant EBITDA improvement by EUR 3.1 million to EUR 4.3 million in Q1 of 2010
Hamburg, April 30, 2010 Regardless of the still challenging market conditions D+S europe AG has made a good start to the business year 2010. Based on the comprehensive strategic reorientation of D+S europe AG in the past year, turnover and earnings again saw a distinct increase in the first quarter of 2010 compared to the previous-year quarter. Thus D+S europe AG increased its turnover of the first three months by 6.6 %, amounting to EUR 77.6 million and exceeding the previous-year revenues by EUR 4.8 million. In the first quarter of 2010 EBITDA saw a significant increase and amounted to EUR 4.3 million, thus exceeding the previous-year value by EUR 3.1 million. Without expenses for restructuring measures in the amount of EUR 1.9 million, the operative EBITDA even totaled EUR 6.2 million.
Substantial expansion of our core brand NETRADA, operating in the e-commerce sector, as well as effective restructuring measures in the field of customer care services and at the Group´s headquarters were the drivers of this positive turnover and earnings trend.
D+S europe AG already concluded the past business year 2009, now finally published, with an increase in turnover. In the course of its comprehensive reorientation the enterprise gradually expanded its service portfolio and successfully extended its e-commerce business for international clients. "In 2009 we also continued our investment strategy, convinced new and existing clients with our commitment to quality and customer orientation and, despite the difficult situation, we achieved a growth in revenues." says the Chairman of the Management Board of D+S europe AG, Dr. Gerold Linzbach. In the business year 2009 the Group generated a turnover in the amount of 292.2 million euro compared to 277.3 million euro in 2008.
Annual results of 2009 at Group level, however, weakened in spite of the positive operative trend. The main reason for this was considerable valuation adjustments and expenses for restructuring measures. "These measures were necessary in order to bring the enterprise back on a profitable, sustainable growth track." says Dr. Linzbach. With an EBITDA of -32.8 million euro - burdened by valuation adjustments and restructuring expenses - D+S europe AG concluded an economically challenging business year 2009. Corrected for the valuation adjustments and one-time effects, EBITDA amounted to EUR 13.9 million. Regardless of the difficult market conditions the Group pushed ahead with its development at operative level: "We used the past business year to adapt our Group structures to the market conditions and to strengthen the entrepreneurial independence and consequently profitability of the individual business units." says Dr. Linzbach.
Moreover D+S europe AG successfully concluded negotiations with the lending banks. On the basis of modified loan agreements D+S europe AG has the financial resources for the expected corporate growth.
About D+S europe: With over 6,000 employees worldwide D+S europe AG is the leading solutions provider for comprehensive e-commerce and customer contact management. Regardless of the communication channel, whether via fixed or mobile networks, the Internet, TV or in writing, D+S manages the contacts of internationally leading enterprises with millions of private customers. For renowned brand manufacturers D+S operates online shops and Europe-wide e-commerce business. For further information please refer www.ds-ag.com.
end of announcement euro adhoc
Further inquiry note:
IR
Tel.: +49 (0)40 4114-3338
E-Mail: investor-relations@ds-ag.com
Branche: Advertising
ISIN: DE0005336804
WKN: 533680
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
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Düsseldorf / free trade
München / free trade