TIE: Q3 Trading Update
(Thomson Reuters ONE) - TIE Holding N.V. ("TIE") reports the following highlights with regardto the third Quarter 2009 (April 1, 2009 - June 30, 2009)Business Results:During the third Quarter 2009 Total Income amounts to ? 2,905k(Q3_2008: 2,641k). Operating Income Q3 amounts to ? 197k (Q3_2008: ?¬40k) and Net Income to ? 119k (Q3_2008: ? 25k).For the nine months 2009 Total Income amounts to ? 8,514k (9M_2008: ?7,226k), Operating Income amounts to ? 536k (9m_2008: ? -2,070k) andNet Income amounts to ? 264k (9m_2008: ? -2,101k).CEO Jan Sundelin said: "the Company has shown a significant revenuegrowth of 18% in comparison to year to date last year. After 18months of restructuring the Company, we started to invest in globalpartnerships which resulted in the strategic alliance with CNETContent Solutions, acquired a 75.5% participation in MamboFive,strengthened our sales power in Europe, Middle East, Africa, Asia andthe Pacific and introduced a new standard through our KinetixPlatform combining the power of Business Integration, ContentSyndication and eCommerce. We believe that the above investmentsform the basis for the Company's growth over the coming periods".Global Partnerships:On April 9, 2009 the Company announced that Siemens EnterpriseCommunications has selected the TIE Kinetix Content SyndicationPlatform as a key part of its worldwide indirect partner program. TheTIE Kinetix Content Syndication Platform enables Siemens to manageand distribute their marketing and sales information real-time totheir worldwide indirect sales channel.On June 17, 2009 CNET Content Solutions, a division of CBSInteractive, and TIE announce that they have formed a strategicalliance to resell the TIE Kinetix Content Syndication Platformworldwide. As a result thereof CNET is able to offer and promote theTIE Kinetix Content Syndication Platform (CSP) to the many consumerelectronic vendors it powers. The combined services of the allianceprovide brand managers and marketers with the ability to have greatercontrol over their content across multiple websites and channelpartners, including differentiation of the rich content at the onlinepoint-of-sale and have up to the minute timely updates.New Operations:On June 1, 2009 Emile van de Klok has been appointed as ManagingDirector of TIE International. Emile is responsible forstrengthening TIE's reseller channel for TIE Kinetix CSP in Europe(outside the Benelux and France), Middle East and Africa.On August 4, 2009 Stuart Drysdale has been appointed as ManagingDirector of TIE Asia Pacific and Japan. Stuart has a broad experiencein the Asia Pacific region in the management and building ofbusiness, especially in the field of printing solutions and systemintegrators markets. Stuart will support our partners like CNETContent Solutions and Epicor in exploring the Asia-Pacific andJapanese market for TIE Kinetix Platforms.New Product Release:On June 24, 2009 TIE sent out a press release regarding the launch ofa new product in the Netherlands within the TIE Kinetix BusinessIntegration Platform for the Electronic Data Interchange ('EDI')market called Business Integration SmartStart. BI SmartStart offersdirect cost savings to its users by combining the newest technologyon EDI and cost-free transport of messages through 'Freeconnect' intoone product.On August 4, 2009 the US division of TIE, TIE Commerce, launched anew reporting tool in the United States within the TIE KinetixContent Syndication Platform. With this new tool, marketingexecutives can now analyze and manage the effectiveness of theironline e-commerce programs with instant market research data.EU projects:On July 1, 2009 TIE announced its engagement in the European projectto develop visionary collaborative business environments for smalland medium enterprises (SME's). TIE will receive a funding of ? 440kover a period of 30 months. The Net-Challenge project aims to enableEuropean SMEs to form so-called "non-hierarchical networks" whichhelp improve their competitive position. Methodologies and softwareapplications will be developed to facilitate ebusiness connections inpeer-to-peer (P2P) environments as opposed to the classical hub-spokemodel. Net-Challenge aims to achieve P2P network effects for SME'ssimilar to web 2.0, social networking, Skype-like solutions etc. thathave transformed the interaction between citizens.Financial and Cash Position:During Q3 2009 the equity position of the Company was strengthened bythe conversion of 7 Convertible Bonds amounting to ? 710k on June 19,2009. On July 2 and 8, 2009 the CEO Jan Sundelin exercised 800.000options in total, amounting to ? 80k.Shareholders' Equity amounts to ? 2,000k on June 30, 2009 (? 449k onSeptember 30, 2008). Equity per June 30, 2009 amounts to ? 3,661 k (?2,184k per September 30, 2008) including Convertible Bonds amountingto ? 1,621 k (? 1,735k per September 30, 2008) and minority interestamounting to ? 40k ( nil per September 30, 2008).On May 19, 2009 the Company completed the share transfer of 24.5% ofthe shares of MamboFive B.V. effectively April 1, 2009. In accordancewith the Sale Purchase Agreement the purchase price of ? 450k hasbeen paid on April 1, 2009 by the issue of Convertible Bonds to theMamboFive shareholders, at a fixed conversion rate of ? 0.10, an oneyear lock-up and a 5 year maturity period. The Company currentlyholds 75.5% in MamboFive with an option on the remaining 24.5%.During Q3 2009 the Company issued new Convertible Bonds amounting to? 455k.Recently Stuart Drysdale, the new Managing Director of TIE AsiaPacific and Japan, has expressed his commitment to the Company bymeans of an investment in TIE amounting to ? 40k. TIE has issued aconvertible bond at a conversion rate of ? 0.18, with a lock-up ofone year and a maturity period of 10 years.On June 30, 2009 the Company held a net positive cash and cashequivalents position of ? 841k (September 30, 2008 ? 653k). TheCompany had been cash flow positive from its operations during thenine months 2009.Pending LitigationsSince December 2007 the Company has been involved in discussions andconsequently in legal proceedings with SAMAR B.V. All claims in thesummary proceedings have been instantly dismissed at the courthearing of February 15, 2008. Currently, the standard procedure is inprogress. The Management Board is confident in the outcome of thelegal procedure and does not expect any further costs, except legalcosts.Interim Consolidated Income Statement and Segment info are attached.We kindly request you to click on the link to the pfd press release.TIESupply Chain Integration Software Company TIE (NYSE Euronext: TIEHolding) bridges the gap between online and traditional business. TIEhelps industry and supply chain partners to achieve electronicbusiness collaboration with solutions in the traditional and upcomingmarkets like Data Quality Management, e-Invoicing, Master DataManagement and Digital Channel Communications. Our solutions areproven to lower costs, increase revenue and optimize businessprocesses. Because we have decades of experience to share, TIEremains a key contributor to the development and implementation ofglobal eCommerce standards. TIE is a publicly held company withoffices in the United States, France, and the Netherlands.Further information:TIE Holding N.V.Jan Sundelin, CEOAntareslaan 22-242132 JE HoofddorpThe NetherlandsT: +31-20-658 93 33F: +31-20-658 90 01E: info(at)TIEglobal.comW: www.TIEglobal.comhttp://hugin.info/133086/R/1337114/318508.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 26.08.2009 - 08:11 Uhr
Sprache: Deutsch
News-ID 5099
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