Interim (1H09) and second quarter 2009 results
(Thomson Reuters ONE) - Mamut ASA reached operating revenues of MNOK 251.4 in 1H09, comparedto MNOK 251.6 in 1H08. The company reached EBITDA of MNOK 51.2 andEBIT of MNOK 20.8 for 1H09, an EBIT improvement of 11% compared with1H08. The company continues to streamline operations and optimiseroutines to increase cost base flexibility combined with reduced costand headcount in 2009.Financials Second Quarter 2009Mamut ASA reached operating revenues of MNOK 121.6 in 2Q09 comparedto MNOK 123.5 in 2Q08. Operating profit before depreciation (EBITDA)for 2Q09 was MNOK 24.9, compared to MNOK 23.3 in 2Q08. EBIT for 2Q09was MNOK 9.6, compared to MNOK 9.0 in 2Q08. Profit before tax for2Q09 was MNOK 6.6, compared to MNOK 4.9 in 2Q08.Cash and cash equivalents were MNOK 41.5 at the end of 2Q09 comparedwith MNOK 41.1 at the end of 1Q09. Equity ratio was 51.5 per cent anddeferred revenues reached MNOK 91.4. Diluted earnings per share (EPS)were NOK 0.07 for 2Q09, compared with NOK 0.05 in 2Q08.At the end of 2Q09, the Company had 490 employees compared to 480 atthe end of 2Q08 and 505 at the end of 1Q09.Segment informationSegment reporting consolidates all business units in three regions;Nordic/HQ, Western Europe and Central Europe.Nordic/HQOperating revenues reached MNOK 85.3 in 2Q09 (-2% growth), EBITDA wasMNOK 21.7 and EBIT was MNOK 14.8, an EBIT margin of 17 per cent. Thisregion includes Norway, Sweden, Denmark and Finland.Western EuropeOperating revenues reached MNOK 24.2 in 2Q09 (-4% growth), EBITDA wasMNOK 1.2 and EBIT was MNOK -2.8. This region includes theNetherlands, the UK, Republic of Ireland, Germany, Austria, Belgium,France, Switzerland and Spain.Central EuropeOperating revenues reached MNOK 12.1 in 2Q09 (9% growth), EBITDA wasMNOK 2.0 and EBIT was MNOK 1.4, an EBIT margin of 11 per cent. Thisregion includes the Czech Republic, Poland and Serbia.Highlights Q2- Operating revenues of MNOK 121.6 in 2Q09, compared with MNOK 123.5in 2Q08.- Earnings before interest, tax, depreciation and amortisation(EBITDA) of MNOK 24.9 in 2Q09 compared to MNOK 23.3 in 2Q08. EBIT ofMNOK 9.6 in 2Q09.- The company has reduced number of employees from 505 in 1Q09 to 490in 2Q09 and continues to streamline operations and optimise routinesto increase cost base flexibility combined with reduced cost, rate ofinvestments, and headcount in 2009.- Completed equity issue of MNOK 34.4 in May 2009. The issue wascovered 1.8 times. The purpose of the placement was to strengthen thecompany's solidity in order to benefit from planned and establishedstrategic partnerships aimed at increasing the distribution ofMamut's products and services in established core markets.- Mamut won the 2009 Microsoft Worldwide Partner Conference Awardswith Mamut One in the Software-plus-Services category. Mamut waschosen as winner from a pool of total 2,000 entrants worldwide. MamutOne is an all-inclusive business solution including softwareapplications, web-based services and knowledge.- Mamut One has been launched in Germany by Mamut Lexware, a jointventure with Lexware GMbH, Germany's leading supplier of smallbusiness software, a fully owned subsidiary of Haufe Media Group with600,000 active customers.OutlookMamut is well positioned for improved results and further growth inall markets. The company continues to maintain its focus onestablishing and strengthening strategic alliances with internationalpartners and increasing the distribution of Mamut's products andservices. The company sees considerable growth potential followingthe launch of Mamut One in combination with existing customer basesin acquired companies.Contact:Eilert Hanoa, CEO, eilerth(at)mamut.com, +47 9283 2905Martin Kværnstuen, CFO, martink(at)mamut.com, +47 2320 3635http://hugin.info/132324/R/1337491/318720.pdfhttp://hugin.info/132324/R/1337491/318721.pdfhttp://hugin.info/132324/R/1337491/318722.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 27.08.2009 - 07:56 Uhr
Sprache: Deutsch
News-ID 5144
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