ots Ad hoc-Service: DataDesign AG <DE0005527105>
Munich (ots Ad hoc-Service) -
Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement.
DataDesign AG, approved the strategy for the current business year at the advisory board meeting on 19 February 2001. Roy von der Locht, chairman of DataDesign AG, intends to steer the leading technology company for secure infrastructures on the Internet towards consistent profits: The aim over the past year was to markedly increase turnover. In the current business year the focal point will clearly be on making profit. The background for this clear focus are the business results from last year. Although turnover rose by a clear amount of 111 percent to around 25 million DM, the results of normal business activity fell behind expectations at minus 8 million DM. This finally led to overall results of minus 5.2 million DM after tax.
The board dispensed with concluding the turnover due to cash-flow uncertainties with foreign clients as their payment appeared to be doubtful. The entire board now prescribed a program of optimisation for the entire company: With the background of the primary aim for 2001 of making a profit over the year, all departments of the company will be checked for profitability. The optimisation phase will in its essentiality be completed by the end of Quarter 1 and will involve a streamlining of the company. This will enable the company to save a total of around 5.3 million DM in 2001. One further decision to be made within the optimisation program will be the closing of branches, this will affect among other the Stuttgart branch, as a number of projects managed from there have already been completed. The branches in Copenhagen and Singapore are to be closed. Over the past year international sales partners were trained in DataDesign products and fitted out for presales, sales and support. The electronic age renders long-term local presence superfluous. By consciously dispensing with turnover with small margins the board expects a turnover of around 26 million DM for the current business year and a profit of 1 million DM.
WKN: 552 710; Index: Listed: Neuer Markt Frankfurt und im Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart
End of message Internet: http://recherche.newsaktuell.de
Original content of: DataDesign AG, transmitted by news aktuell