- Decrease in sales volume compared to last year´s period
- EBITDA in 1st quarter 2009/10: -575 TEUR
- Equity ratio of 61.5% makes for good positioning also in difficult times
Innsbruck, 11 August 2009 - Sales of phion AG, one of the leading European providers of corporate communication protection solutions, in the first quarter of the current financial year 2009/10 amount to 2,187 TEUR, representing a decline of 20% compared with last year´s first quarter.
Mostly, this development is due to the impact the global financial crisis has had also on the IT industry. Especially crisis-stricken industries like the financial sector and the automotive components industry, both major target groups of phion, have launched massive cost-cutting programmes, often postponing purchase decisions for an indefinite time. Despite its excellent positioning, phion was not immune to the crisis affecting the industry as a whole. The already difficult fourth quarter of the financial year 2008/09 thus found its continuation in the first three months of 2009/10.
Whereas the portion of goods and services purchased even experienced a slight decline, personnel expenses, characterized by large contributions from R&D typical of the industry, of 1.4 million Euros represented the most significant portion of total costs.
EBITDA in the first quarter of 2009/10 showed a minus of 575 TEUR. EBIT, after depreciation and amortisation of 305 TEUR, amounted to -880 TEUR, whereas profit before income tax (EBT) was -823 TEUR.
Compared to 31 March 2009, the balance sheet total was reduced by some 1.5 million Euros. Financial liabilities continue to be on the very low level shown at the end of the last financial year. Deferred income, compared to 31 March 2009, has decreased slightly. Liquid assets were reduced during the last quarter, amounting to 4.7 million Euros. The equity ratio of 61.5% is still very high.
Development phion AG, first quarter 2009/10, compared to 2008/09
|
1st quarter 2009/10 |
1st quarter 2008/09 |
| Sales (in TEUR) |
2,187 |
2,745 |
| EBITDA (in TEUR) |
-575 |
-171 |
| EBIT |
-880 |
-476 |
| EBT |
-823 |
-295 |
The financial year of phion AG comprises the period from 1 April to 31 March.
On www.phion.com, you will find the Q1 report 2009/10 for download in German and in English.
For further questions please contact:
Wieland ALGE, CEO phion AG,
Eduard-Bodem-Gasse 1, 6020 Innsbruck
Tel. +43 (0)508 100
E-Mail: w.alge@phion.com