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PC-WARE Q.I – Q.III 2009/10: Restructuring measures continue to influence Group profit
- Revenue: EUR 639.6 million (-7.8% y.o.y.)
- Gross profit: EUR 99.3 million (-5.9% y.o.y.)
- EBIT: EUR 3.2 million (EUR -6.3 million y.o.y.)
The Management Board of PC-Ware Information Technologies AG took office in June 2009 with the express purpose of focusing the PC-Ware Group on its core competencies and raising the Group's profitability levels. As in the case of the first and second quarter, the third quarter of the financial year was again dominated by the Group's realignment programme, which coincided with various exceptional items that were both positive and negative in nature.
Adjusted for these exceptional items, the Group recorded a stable gross profit margin despite difficult economic conditions (15.8%, same period a year ago: 15.2%). After a significant year-on-year increase in staff costs in the previous quarters as a result of extensive recruitment efforts, the Group finally saw staff costs for the third quarter return to the level recorded in the same period last year. Within this context, the restructuring measures initiated by the company are now beginning to bear fruit.
At operating level, the consolidated pre-tax result for the first nine months was EUR -927,000, while the consolidated result before taxes and including all exceptional items was EUR 3.2 million for the first nine months. The Management Board anticipates that the annual period as a whole will produce a result that is slightly above break-even.
The full interim report is available at the company's website at www.ir.pc-ware.de ("Reports" section).
WKN: 691090; ISIN: DE0006910904; Index: CDAX, Prime All Share, TECH All Share, GEX; Listed: Regulated Market of the Frankfurt Securities Exchange, Prime Standard of the Frankfurt Securities Exchange, Regulated Unofficial Market (Freiverkehr) of the Berlin Bremen Exchange, Regulated Unofficial Market (Freiverkehr) of the Düsseldorf Exchange, Regulated Unofficial Market (Freiverkehr) of the Stock Exchange of Lower Saxony Hanover, Regulated Unofficial Market (Freiverkehr) of the Stuttgart Exchange; http://www.pc-ware.de
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