WAALWIJK, The Netherlands, April 25, 2012 /PRNewswire/ --
Strong first quarter 2012 with continued growth
The Management Board of DOCDATA N.V. announces the following interim notice.
General
DOCDATA N.V. (Waalwijk) has closed the first quarter 2012 with a profit. Revenue has improved compared to the first quarter 2011, predominantly as a result of the continued growth of the activities of the e-commerce service company Docdata in Germany and the Netherlands. Also the operating income (EBIT) and the net profit of the Group improved compared to the first quarter 2011.
DOCDATA N.V. maintained its strong financial position during the first quarter 2012. Per 31-March 2012, the Company's liquidity resulted in a net cash surplus of over € 4.5 million (31-December 2011: €-7.8 million). The net cash surplus has decreased, predominantly as a result of capital expenditure for the increase of the capacity of the new logistic centre in Waalwijk.
The management of DOCDATA N.V. does not give any quantified expectation regarding revenue and results for the whole year 2012. However, management is confident with the developments for 2012. DOCDATA N.V. will announce the 2012 half-year results on Thursday 19 July 2012 before opening of the stock exchange.
E-commerce service company Docdata
The revenue of the e-commerce service company Docdata increased compared to the first quarter 2011, predominantly due to an autonomous higher transaction volume. The increase of the number of processed unique transactions has continued in the first quarter 2012. The operating income increased significantly compared to the first quarter 2011 as a result of this autonomous revenue growth, in combination with a higher realised efficiency, predominantly in Germany. The effect of non-recurring costs in the first quarter 2012 is limited.
The focus of the e-commerce service company Docdata is on further development of our position in the Benelux, Germany and the United Kingdom, and on development of our position in new geographical markets within Europe. Furthermore, we will invest in acquiring knowledge and building solutions for new product categories that will go online, such as home & garden and food. Based on our current client base we expect further growth for the whole year 2012, although this growth is expected to be smaller than in 2011.
International expansion: Docdata expands into Italy
Per 1 April 2012 Docdata started with e-fulfilment operations in Italy, comprising the returns handling for existing customers. Docdata will also concentrate in Italy on offering a full-service e-fulfilment package for online stores in the Italian market.
Michiel Alting von Geusau, CEO of DOCDATA N.V.: "The start of these activities fits into our expansion and our cross border strategy. Web shops see more and more opportunities across national borders. Docdata offers web shops who want to operate internationally efficient cross border solutions through its European e-fulfilment & returns network. In addition, Italy still is a country with a local market at the beginning of an enormous growth of e-commerce activities. We see that many people skip the step of broadband Internet and directly switch to shopping via the mobile phone, while it appears that Italians buy easily online. The country therefore offers many opportunities for us, and we want to acquire also in Italy a market leader position in e-fulfillment."
Technology company IAI industrial systems
The technology company IAI industrial systems did not deliver any large systems in the first quarter 2012, which was the case in the first quarter 2011. As a result, the revenue has decreased compared to the first quarter 2011. Due to a combination of new orders and deliveries, the revenue value of the order book of IAI industrial systems has increased to € 3.6 million as at 31 March 2012 (order book as at 31 December 2011: € 2.9 million). The order book is currently still behind plan, but the pipeline is well filled with prospects related to the Document Security as well as the Aerospace and Automotive market.
The focus for the technology company IAI industrial systems remains on winning orders (worldwide) in existing and specific defined markets. In relation to the low level of the order book as at 31 March 2012, combined with the length of the time between an order and delivery and implementation of systems at the client, we expect lower revenues and results for the whole year 2012.
General Meeting of Shareholders
The annual General Meeting of Shareholders of DOCDATA N.V. will be held on 30 May 2012, 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 2011 Annual Report and the 2011 Remuneration Report, have been published last 18-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, http://www.docdatanv.com.
------------------------------------------
The listed DOCDATA N.V. exists of two lines of business:
E-commerce service company Docdata (http://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 (http://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.
------------------------------------------
Financial calendar
- 30 May-2012 Annual General Meeting of Shareholders
- 1 June 2012 Ex date
- 8 June 2012 Dividend payment date
- 19 July 2012 Publication of half-year results 2012
- 17 October 2012 (*) Interim notice third quarter 2012
(*) provisional date
Corporate website: http://www.docdatanv.com
PRN NLD
Share this article