Interim Notice DOCDATA N.V.
By Docdata N.v., PRNESunday, May 1, 2011
First Quarter 2011 Closed With Profit and Strongly Improved Revenue
WAALWIJK, The Netherlands, May 2, 2011 - The Management Board of DOCDATA N.V. announces the following interim
notice.
General
DOCDATA N.V. (Waalwijk) has closed the first quarter 2011 with a profit.
The revenue has strongly improved compared to the first quarter 2010,
predominantly as a result of the growth of the activities of the E-commerce
service company Docdata in Germany and the Netherlands. The revenue
improvement is also caused by the activities of the former Dohmen Solutions
Group, which were acquired per 16 April 2010. The E-commerce service company
Docdata has closed the first quarter 2011 with a better revenue and result.
The revenue of IAI industrial systems has decreased compared to 2010, due to
the fact that IAI had delivered several large orders in the first quarter
2010. As a result of this, the operating income (EBIT) and the profit of the
Group for the first quarter were lower than in 2010.
DOCDATA N.V. has maintained its strong financial position during the
first quarter 2011. Per 31 March 2011, the solvency ratio amounted to 53.6%
(31 December 2010: 49.3%) and the Company's liquidity resulted in a net cash
surplus of over EUR 3.3 million (31 December 2010: EUR 5.8 million). The net
cash surplus has decreased during the first quarter 2011, predominantly as a
result of a much higher working capital per 31 March 2011 compared to 31
December 2010.
The management of DOCDATA N.V. does not give any quantified expectation
regarding revenue and results for the whole year 2011. DOCDATA N.V. will
announce the 2011 half-year results on Thursday 21 July 2011 before opening
of the stock exchange.
E-commerce service company Docdata
Revenue and results of the E-commerce service company Docdata have
increased during the first quarter 2011 compared to the first quarter 2010,
primarily due to a much higher transaction volume in 2011. Based on our
current client base, we expect further growth for the remainder of 2011 as
well, with only a limited impact of non-recurring costs on the 2011 profit,
contrary to the previous years 2009 and 2010.
The focus of the E-commerce service Company Docdata will be on further
growth within the existing markets in 2011, with the possibility of
acquisitions to strengthen our position. In Waalwijk an additional logistic
centre is being built at the moment, initially with 16,000 square meters, to
accommodate the further growth of the fulfilment services in the Benelux.
This new location is expected to become operational in the fourth quarter of
2011. Furthermore, we have recently opened an additional warehouse of 8,000
square meters in Berlin to which 10,000 square meters will be added in the
third quarter of 2011. Due to continuous competition, we experience further
price pressure in the market for e-commerce services. We can only resist
this by offering every day the best service to our clients.
Technology company IAI industrial systems
In line with the planning, IAI industrial systems has delivered only a
single large system in the first quarter 2011. In the first quarter 2010, the
second part of the Bulgarian order was delivered, which had a substantial
influence on revenue and results in 2010. The revenue value of the order book
has decreased to EUR 6.6 million as per 31 March 2011 (order book as per 31
December 2010: EUR 8.4 million). The delivery of systems that are currently
in the order book, is predominantly scheduled for 2011. The order book is
lagging behind at this moment, however the pipeline with prospects is well
filled. The main part of this is expected to lead to deliveries from 2012
onwards. In the markets in which IAI operates, the lead time of a prospect to
materialise to an order is often long. This can, as an example, be due to
political decision making processes in the market for government assignments.
IAI only has a very minor influence on this.
The focus of the technology company IAI industrial systems is on the
realisation of orders worldwide in existing and specifically defined markets
through the development of innovative solutions based on proven systems.
Considering the order book of IAI as at 31 March 2011, combined with the
length of the time between an order and the completion and delivery of
systems at the client, lower revenues and results for IAI are expected in
2011 compared to 2010.
General Meeting of Shareholders
The annual General Meeting of Shareholders of DOCDATA N.V. will be held
on 15 June 2011, 14.00 hours (CET) at Hotel NH Waalwijk in Sprang-Capelle.
The agenda for this General Meeting of Shareholders and the meeting
documents, including the 2010 Annual Report, the 2010 Remuneration Report and
the proposal to amend the Articles of Association of DOCDATA N.V., have been
published last 29 April. The manner in which to register to attend this
meeting, as well as how to cast vote through the Internet or by proxy, is
described in the convocation. All these documents are available for
inspection and can be obtained through the Corporate website of the Company,
www.docdatanv.com.
The listed DOCDATA N.V. exists of two lines of business:
E-commerce service company Docdata (www.docdata.com) is a European
market leader with a strong basis in The Netherlands, Germany and the United
Kingdom. Docdata offers a complete e-commerce service portfolio to clients,
enabling them to be successful on the internet.
Technology company IAI industrial systems (
www.iai-industrial-systems.com) is a high tech engineering company
specialised in developing and building systems for very accurate and high
speed processing of all kinds of products and materials. IAI delivers clients
globally in the following sectors: securing and personalising of security
documents, processing of solar cells and modules and processing of other
materials and products.
Corporate website: www.docdatanv.com
Further information: DOCDATA N.V., M.F.P.M. Alting von Geusau, CEO, Tel. +31-416-631-100
Tags: docdata N.V., May 2, Netherlands, The Netherlands, Waalwijk