Preliminary half-year figures and business development
07/05/2019
NorCom Information Technology GmbH & Co. KGaA announced its preliminary half-year figures at this year's annual general meeting. The company is expected to achieve a total output of EUR 7.2 million (previous year: EUR 7.1 million). EBITDA is EUR 0.6 million (previous year: EUR 0.7 million).
In a year-on-year comparison, sales increased slightly. Nevertheless, the tense market situation in the automotive industry, from which the majority of NorCom's customers come, is still having a dampening effect on business development.
Business development in the first half of 2019
In the first half of 2019, the EAGLE project in particular developed very successfully. NorCom is working intensively on the preparations for the next stage of functional use of EAGLE by the end of the year. In order to be able to continue the work at the high level, Audi commissioned the development of further product modules for EAGLE in addition to the existing contract.
For DaSense, important prerequisites for successful future sales could be created: The strategic and sales cooperation with the automotive supplier AVL List GmbH was continuously built up. DaSense is now integrated into the AVL product portfolio and the company's worldwide sales team has been trained accordingly. The first worldwide customer contacts could be prepared. When ALP.Lab was commissioned in June, the first joint project also started.
The integration of DaSense technology into the product portfolio of other partner companies is a central strategic goal of NorCom. Another partnership concluded for this purpose with the FEV Group GmbH was announced in July. Operational cooperation should start immediately.
With the integration of DaSense with Microsoft Azure Databricks, NorCom now offers a cloud-compatible version of the big data analysis software based on the latest cloud technology. Daimler AG is the first customer to use the cloud-compatible version of DaSense as part of its "eXtollo" cloud environment, which is based on Microsoft Azure. This clears the way for international, cloud-based projects with DaSense.
"We are still feeling the uncertainty of the automobile manufacturers regarding the further business development - nevertheless, at the end of the first half of the year there was movement in some central topics, which gives us a positive outlook into the second half of the year," commented Viggo Nordbakk, Managing Director at NorCom, on the business development. “So far, we have managed to continue business at the existing level and to maintain our customer base and the scope of our projects. With the successfully implemented cloud solution from DaSense and the expanded order for EAGLE, we are heading into the second half of the year with a slight tailwind. "
outlook
“At the end of the year, EAGLE will go live for the next expansion stage, after which it will be used by up to 25,000 employees in the“ Technical Development ”department. In the medium term, EAGLE will then also play a central role in the VW Group's system landscape, ”says Nordbakk, explaining the further planning.
Projects with the cloud version of DaSense are to start at Daimler by the end of 2019. The Detroit Diesel Corporation, which is already working with a DaSense installation for test purposes, will also be connected to the cloud.
“Sales through partners are to be expanded further. In order to gain more independence from the automotive industry, partners from the automotive industry should also
Cross-sector partners for the distribution of NorCom products can be found ”, Nordbakk continues. "Initial discussions have already taken place here for both EAGLE and DaSense with KPMG, Sopra Steria Consulting and Microsoft."
You can find more information on this year's Annual General Meeting of NorCom Information Technology GmbH & Co. KGaA at www.norcom.de/hauptversammlung