CONET reports revenue growth of approximately 31 percent

IT, New Media & Software
Press release from: CONET Technologies AG
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Hennef, 8 September 2011. A consolidated annual turnover of 44.6 million euros, has today presented the Annual Report of the Hennef CONET Group. This allowed the IT group of companies, which in addition to the holding company CONET Technologies AG in Hennef CONET, the Ludwigsburg CONET Business Consultants, the Frankfurt CONET Services and the Munich Accelsis Technologies spare parts suppliers belong to their revenue, versus 34 million in 2010 to around 31 percent increase. For the 31 Fiscal year ended March 2011 to 2.1 million euros CONET reported income before taxes and net income of 1.3 million €.


A significant contribution to this substantial growth provided the recording of the Ludwigsburg + white böhle GmbH CONET Group in the autumn of last year. Since 1 April 2011 renamed the company, which focuses on SAP consulting and process management, under the name CONET Business Consultants Ltd. in their pool after the transfer of appropriate resources from the other subsidiaries of the Group now CONET the skills of 130 experienced SAP experts.
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The business of the remaining individual companies, most notably the Hennef CONET, developed very positively: "After a dry spell CONET benefited significantly from the resurgent economy," explains Rüdiger Zeyen, co-founder and CEO of CONET Technologies AG. Particularly in the IT services market, a significantly increased willingness to invest is to perceive the care to continue in full order books and high utilization. Zeyen also sees here the biggest challenge for the business in the coming months: "If we manage to maintain this level and to strengthen our team with plenty of new website hosting specialists, we stick together with the sales of CONET Business Consultants, which then complete twelve months included in the Consolidated financial statements, 60 million euros in sales in the current financial year should be achievable. "

This press release was published on openPR.


CONET Technologies AG
Simon Vieth, spokesman
Theodor-Heuss-Allee 19, 53773 Hennef
Tel: +49 2242 939-246
Fax: +49 2242 939-333
E-mail:
Internet: www,conet.de
Mobile Web: mobile.conet.de

About CONET Group
The CONET Group is the reliable companion of their customers in an economically successful IT future. CONET Technologies AG is the holding company for the medium-sized enterprise group and coordinates the central tasks of the Group in the areas of personnel, communications, procurement, IT infrastructure and finance. The operations of the group is located in the main subsidiaries: Hennef CONET offers its customers since 1987 and currently has about 200 employees in the fields of software engineering solutions, Communications and IT Infrastructure. CONET Business Consultants GmbH focuses on SAP consulting and process lean management system, combining the expertise of approximately 130 SAP consultants. The Munich Accelsis Technologies strengthens CONET expertise particularly in the fields of portal, Web and SOA solutions. The Frankfurt CONET is on consulting, installation and operation of IT solutions that are tailored to the needs of financial service providers, specialized. With approximately 400 employees at eleven locations in Germany CONET expected for the current fiscal year revenues of around EUR 60 million.