NorCom Information Technology GmbH & Co. KGaA
ISIN: DE000A12UP37
WKN: A12UP3
17 November 2023 02:00PM

EQS-News: Comments on the figures for the third quarter of 2023

NorCom Information Technology GmbH & Co. KGaA · ISIN: DE000A12UP37 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1776369

EQS-News: NorCom Information Technology GmbH & Co. KGaA / Key word(s): 9 Month figures
Comments on the figures for the third quarter of 2023

17.11.2023 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


NorCom Information Technology GmbH & Co. KGaA achieved total performance of EUR 7,392 thousand in the first nine months of the 2023 financial year (Q1-3/2022: EUR 7,346 thousand). The EBITDA (earnings before interest, taxes, depreciation, and amortization) was positive at EUR 90 thousand (Q1-3/2021: EUR -96 thousand).

Sales remained largely stable in the third quarter compared to the previous year. However, it was possible to reduce operating expenses compared to the previous year. This enabled positive earnings before interest, taxes, depreciation, and amortization to be achieved.
 
“In view of the economic situation, the 9-month figures are satisfactory,” says Viggo Nordbakk, Managing Director of NorCom, commenting on the result. “There is great interest on the part of companies in solutions for using artificial intelligence in everyday work – we notice this in discussions, and this is also shown by numerous studies. But there is currently no willingness to invest. The economic conditions seem too uncertain. Against this background, our stable sales and improved earnings are an acceptable result.”

DaSense is a comprehensive AI platform for various requirements

With the AI platform DaSense, NorCom makes artificial intelligence (AI) applications available to every employee in the company.

Data scientists can develop individual AI applications on DaSense's integrated development environment using current open-source tools. The individual apps can be made accessible to specialist users in the company via a convenient interface. These apps can be used to use artificial intelligence without any prior technical knowledge.
In addition to the individual apps, DaSense now comes with 18 standard apps included.
These represent processes and activities in document management or data analysis that occur very frequently and are relevant across companies and industries. This means customers can quickly start using artificial intelligence and use AI in their work practice beyond their individual use cases.

DaSense becomes a specialist for a company

The AI in DaSense is trained on recognized industry data, e.g. legal texts, specialist know-how and scientific data as well as specific company data, and can work with this knowledge. DaSense thus draws on in-depth specialist knowledge and develops a precise understanding of complex technical terms and concepts. DaSense is not only able to provide answers to questions, but can also independently generate high-quality content. The user carries out the quality control.

Outlook
Due to the uncertain economic conditions, NorCom expects continued stable sales development and is therefore in the lower corridor of the forecast. Overall, a slight improvement is expected compared to the previous year.







Contact:
NorCom Information Technology GmbH & Co. KGaA
Gabelsbergerstraße 4
80333 München
Phone: 089-93948-0
E-Mail: aktie@norcom.de


17.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: NorCom Information Technology GmbH & Co. KGaA
Gabelsbergerstraße 4
80333 München
Germany
Phone: +49 (0)89 93948-0
Fax: +49 (0)89 93948-111
E-mail: aktie@norcom.de
Internet: www.norcom.de
ISIN: DE000A12UP37
WKN: A12UP3
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1776369

 
End of News EQS News Service

1776369  17.11.2023 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 11,76 11,95 10,11 9,55 8,83 8,84 9,65
EBITDA1,2 1,14 1,91 0,13 0,09 -0,54 0,11 0,29
EBITDA-Margin3 9,69 15,98 1,29 0,94 -6,12 1,24 3,01
EBIT1,4 0,91 0,05 -0,20 -0,33 -1,01 -0,42 -0,25
EBIT-Margin5 7,74 0,42 -1,98 -3,46 -11,44 -4,75 -2,59
Net Profit (Loss)1 0,66 -0,38 0,16 -0,83 -1,36 -0,46 -0,30
Net-Margin6 5,61 -3,18 1,58 -8,69 -15,40 -5,20 -3,11
Cashflow1,7 0,82 0,62 1,11 0,27 -0,32 0,18 0,00
Earnings per share8 0,31 -0,18 0,08 -0,41 -0,66 -0,22 -0,13
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: NPP

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
NorCom
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A12UP3 DE000A12UP37 GmbH & Co. KGaA 5,47 Mio € 01.10.1999 - 8FWH4HWF+FX
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
16,06 23,73 0,68 24,25 1,48 30,41 0,62
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
25.11.2024 31.05.2024 30.08.2024 29.11.2024 30.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-3,75%
2,57 €
ATH 777,50 €
-36,96% -52,31% -51,51% -51,05% -86,47%

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