Highly satisfactory interim report

CESS-Danmark A/S' 2nd period interim accounts show a nice balance and prosperity in a market, where competition is fierce and the crisis scratches. The explanation for the fine figures to be found in the persistent focus on sales and internal adjustments of logistics, which has imporoved cash flow.

With a result of DKK 3.64 million before tax, CESS-Danmark A/S consolidates it's position and shows that it is possible to make money in the IT industry in a time of crisis. The Management considers the development very satisfactory, which is a natural result of sound investments. CESS-Denmark A/S has in recent years developed a very strong market position in Denmark and internationally. This has grown through own brands and an international partner network. This work has led up to the series of satisfying financial reports, which have been published in recent years. 

Focus on selling produce results: 

"It is a very positive development, and everything indicates that it will continue. What we see now in the current accounting period, is largely the effects of the increased sales efforts that were made in 2008 and in early 2009. We will continue to adjust our efforts, and therefore we are confident that we will see continued success of our marketing work," says the company's CFO Bjarne Blicher. 

Positive atmosphere throughout the company creates synergy:

One of the factors contributing to the great prosperity, is to be found among the staff, who have generated a very positive atmosphere. This is not least among the sales people, who continuously gets their self-confidence supported by the market response for their products. 

"We are simply going through a good shoal. The atmosphere is terrific and that is a part of the synergy that has arisen in the wake of our sales department's good efforts. Several of our sales departments are well above budget, and our customer base continues to increase, "said CFO Bjarne Blicher. 

Streamlined logistics creates greater liquidity:

Another positive developments in the financial statement is the effects of the decision to reduce the inventory value significantly. The goal is to reduce the inventory, with DKK 1.2 million in total by the end of October 2009. The goal is well on it's way to being fulfilled, and it is already reflected in a significantly improved liquidity in the current accounting period.

January 1-August 31, 2009 (2008) 
TDKK
Turnover: (120%) 
Gross profit: 9.577 (284%) 
Profit before tax: 3.644 (9589%) 
Net profit: 2.728 (7179%)

For further information and possibly the complete report please contact CFO Bjarne Blicher on +45 9950 5003 or bbl@cess-dk.com