Qurius Q1 2010 Results
(Thomson Reuters ONE) -
28 April 2010 - In the first quarter of 2010 Qurius concluded its final round of
restructuring measures aimed at further reducing the cost base going forward.
First quarter EBIT (before restructuring) amounted to EUR 0.2 million (2008: EUR
1.2 million).
Leen Zevenbergen, CEO: "This quarter we have put in place the last round of
restructuring measures. In the Netherlands we have changed to organization from
a business line set up to a functional organization. The purpose is to enhance
customer focus and market responsiveness. The new organization is ideally
positioned to provide high level service delivery and support to our customers.
At the same time unnessesary internal slack, caused by cross business line
interactions, will be avoided. The effects of these measures will become visible
immediately. In Spain, we have taken further action to strengthen management by
hiring a seasoned service delivery manager and an experienced financial
manager."
Although Qurius has been able to succesfully reduce its cost structure with EUR
1.8 million compared to Q1, 2009, this was exceeded by the shortfall in gross
margin of EUR 2.9 million. Net software sales, particularly in the Netherland
and Germany, have been impacted by continued customer reluctance to engage in
larger transactions. Although the sales pipeline and our prospect lists look
promising, closing larger transactions was challenging this quarter. In
addition, service revenues this period have been impacted by lower software
license sales in previous quarters.
For the full press release, including tables and figures, please download the
pdf.
[HUG#1408998]
Qurius Results Q1 2010: http://hugin.info/132802/R/1408998/361572.pdf
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 19795
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