fINANCIALS
IT Services
Maxdata sells
cont...
% month Mkt cap
Price ratio
20.01.08 - 20.02.08
change 4
P/E
m
again topped their own expectations of €58m. Due to new recruitments and
acquisitions, the number of employees, as of 31 December 2007, has risen to
around 4,200 (previous year: 3,888). Bechtle will publish its final figures for 2007
Ordina 9.57 11 394 14
on 27 March 2008.
EDB Bus. Partner 4.56 -4 417 9
Ementor 4.37 3 418 8
German PC assembly business Maxdata has sold its 74% stake in vendor
inspection and auditor business ASIG Quality Services GmbH for €6m. ASIG
Asseco 20.07 16 505 36
is primarily based in the Far East, with locations in mainland China, Taiwan and
Comarch 34.95 6 263 21
Thailand, but it also has an operation in Germany. Maxdata is due to announce
its full-year 2007 results on 29 February, with Q1 ‘08 earnings not for release
Computerland/Sygnity 2.46 -5 25 10
until 12 May.
Prokom 36.07 15 501 21
300-strong IT services and software player Mensch und Maschine Software
Novabase 2.73 14 86 14
Se, which has location in 16 European countries, has pushed FY07 revenues
Pararede 0.17 42 75 -
up 25% on the previous year to €212.9m. Meanwhile, the company’s operating
Indra 17.52 6 2876 20
result EBITA grew by 47% year-on-year to €10m. Net profit also doubled in
comparison with 2006, standing at €6.1m or €0.47 per share. The final audited
Acando (B) 1.34 0 99 13
results for the fiscal year will be released on 17 March. But growth in the fourth
Cybercom 4.58 -5 103 10
quarter was less impressive, with revenue up 10% to €53.6m. Q4 operating
earnings EBITA climbed 40% year-on-year to €2.8m. Mensch und Maschine’s
HiQ 3.24 -3 163 12
trading business did best, showing 27% growth in sales, and the company’s
IBS 3.62 0 25 10
own software business achieved a 12% rise. But for the first time in the firm’s
LBI 3.50 7 217 181
14-year history international sales fell as a proportion of overall business, down
to 74.8%. Domestic business in Germany, as a result, now accounts for 26.1% of
Mandator 0.32 0 54 17
overall revenue.
Sigma 0.46 -11 21 19
In other news, Mensch und Maschine recently began to distribute Autodesk
Crealogix 49.61 -1 53 21
products in Romania. This represents the company’s second venture into
Anite (£) 0.58 9 200 8
eastern Europe, with Poland the only previous expansion into the region.
Axon (£) 7.43 26 468 16
Mensch und Maschine expects Romania to contribute €8m to company
revenues during 2008, with an operating profit EBIT of around €600,000. “We
have now extended our European presence to 16 countries, enabling us more
LogicaCMG (£) 1.36 4 1980 9
than ever to use economy of scale effects in management, marketing and
administration. The preparations for the start of our business in Bucharest only
Misys (£) 2.16 -10 1089 11
took a few weeks, due to embedding in our existing SAP and Logistic systems,”
Northgate (£) 9.08 -3 640 7
says CEO Adi Drotleff.
Another technology company is leaving the unfortunate London AIM market.
Accenture 23.28 1 13929 16
Following the successful listing of ASBISc Enterprises PLC on the Warsaw Stock
ACS 51.94 7 33700 -
Exchange in October 2007, the Company has decided to cancel its AIM listing
with effect from 18 March 2008 in order to consolidate all liquidity to a single
BearingPoint 1.24 -6 258 -
exchange. Previous complaints about AIM have highlighted issues with lack
Ciber 3.36 -1 205 11 of liquidity; trading in ASBIS has been all but non-existent. The company’s
ordinary shares trade and will continue to trade on the main market of the
Cognizant 22.56 27 6550 29
Warsaw Stock Exchange. UK holders of the shares can trade through any
CSC 45.42 7 48600 -
member broker of the Warsaw Stock Exchange.
EDS 20.05 -8 65300 -
OUR ANALYSIS
Hewlett-Packard 32.39 8 83367 18
Ingram Micro’s position as an indicator of the industry’s fortunes is not
IBM 77.64 0 106987 17 reliable as it has been putting its house in order, particularly in Germany
where it has sorted its warehousing. HP’s figures, similarly cannot show
Sapient 4.36 -9 544 160
whether other vendors are doing well because of its dominant position.
Unisys 2.84 19 998 -
Have we had all the fall-out from the US money markets? Confidence has
been returning, but everyone is being very careful with forecasts. It would
Please note that for consistency, we are now showing all companies with
not take much to blow all IT investment plans off course in the current
their share prices converted to Euros unless indicated
conditions, given the level of competition for investment funds, mainly
due to the continued strength of hardware sales, and a steady increase in
S
ource: Thomson Financial Datastream
software.
30 29 feb 2008
It0804 - 26-31_financials.indd 30 27/02/2008 10:30:42
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32