RealDolmen : Results for the Year Ended 31 March 2009
HUIZINGEN,
single source ICT solutions provider and knowledge company, announces results
for the fiscal year ended
metrics.
Highlights of the year
-Turnover up 5,6%
- Operational result before nonrecurring items (REBIT) up 7,0 %, with
REBIT margins up to 6,0%, despite incurred integration costs
- Strong cash position with EUR19,3m of operational cash flow
- Integration almost completed and additional cost improvement plans
taking effect
- Net debt position reduced by EUR15,3m as a result of buy back
convertible bond and strong operational cash flows
Full year results March 2009
full tables : http://www.realdolmen.com/newslist.aspx
Bruno Segers, Chief Executive Officer of RealDolmen, commented:
“We are pleased and proud with the results of this first year as
RealDolmen. After a very strong start with solid growth across all metrics in
the first half we performed relatively well in a declining market in the
second half. As expected, our strong market position, good spread of
customers across a number of sectors and strengthened product offering have
enabled us to generate a small level of growth in revenue and maintain REBIT
margins for the full year, despite a significant downturn in the market in H2.
“We expect the trading levels of Q4 to continue into the next two
quarters of the current financial year, resulting in a reduction in revenues
year on year although we feel confident that we can keep the impact on our
margins limited as we continue to manage our cost base tightly. With the
integration almost completed, and a strong balance sheet with good cash
flows, we now have a RealDolmen framework in place to support organic growth
and selective acquisitions, allowing us to strengthen our solutions portfolio
and/or to broaden our regional coverage over the next 12 months.”
http://www.realdolmen.com/newslist.aspx
SOURCE RealDolmen