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| Date | Title |
| 28.8.2015 14:15 |
Major shareholder announcements - VPS ehf. 28.8.2015...
28.8.2015 14:15Major shareholder announcements - VPS ehf. 28.8.2015 See attachment. Attachment (.pdf) |
| 26.8.2015 16:22 |
Nyherji announces profitability and year-on-year revenue increase of 16% for H1 2015...
26.8.2015 16:22Nyherji announces profitability and year-on-year revenue increase of 16% for H1 2015 Nyherji Group (NYHR.IC), Iceland’s leading IT services provider, today announced its Q2 and H1 2015 results with net profit of ISK 69 million in the second quarter and ISK 111 million for the first half of 2015. Financial Highlights: • Goods and services sold in the second quarter rose to ISK 3.386 billion (19% revenue growth compared to Q2 2014) and ISK 6.649 billion for the first half year (16% revenue growth compared to H1 2014) [Q2, 2014: 2.853 billion; H1, 2014: 5.712 billion] • Gross profit amounted to 830 million (24.5%) in Q2 and 1.638 billion (24.6%) in the first half [Q2 2014: 749 million (26.3%), H1 2014 1.502 billion (26.3%)] • Net profit for the second quarter amounted to 69 million and 111 million in the first half [Q2 2014: 69 million, H1 2015: 125 million] • EBITDA amounted to 227 million (6.8%) in the second quarter and 452 (6.8%) in the first half [Q2 2014: 207 million (7.3%), H1 2014: 398 (7%)] • Operating performance was positive for all companies in the group in the first half • Positive results for the last six quarters
"This has been a productive first half for Nyherji and its subsidiaries,” commented Finnur Oddsson, Group Chief Executive, “The group's performance in the first half of the year is above budget and has improved on the same period last year. I am pleased to see strong revenue growth year to year both from domestic sales and also with our TEMPO subsidiary, where foreign income continues to build rapidly. The business has added hundreds of new customers in the last quarter, and in the light of increased activity we are also expecting to ramp up staff in TEMPO considerably this year. To support further product development, organization growth and marketing abroad, we intend to place 25% of the equity in TEMPO in Q3 of this year. We have promising developments in Nyherji’s other subsidiaries, in particular coming from sales of new and exciting human resources and payroll solutions from Applicon Iceland and banking solutions from Applicon Sweden."
OPERATING RESULTS, H1 2015: See attachment. Attachment (.pdf)Attachment (.pdf) |
| 5.6.2015 14:58 |
Nyherji Group announces intention to seek private placement of up to 25% of TEMPO...
5.6.2015 14:58Nyherji Group announces intention to seek private placement of up to 25% of TEMPO Nyherji Group (NYHR.IC), a leading Nordic IT services and solutions provider, today announced its intention to offer equity in its subsidiary TEMPO ehf. through a private placement of up to a 25% stake in the company to accredited investors. Icora Partners has been engaged as the advisor for the transaction. It is anticipated that the sales process will be initiated in Q3 of 2015. The offering will support the rapid growth of TEMPO with additional resources and expertise to advance product development, increase marketing power and further strengthen TEMPO’s international brand and presence. "The growth and development of TEMPO has exceeded our expectations in recent years and we expect this performance to continue,” said Finnur Oddsson, Group Chief Executive of Nyherji, “We are looking to support this through offering a stake to one or more partners who will combine their strengths with ours, and contribute both resources and expertise to TEMPO to extend our lead in product development and fulfill its sales potential on a global stage." TEMPO (www.temposoftware.com), a wholly owned subsidiary of Nyherji, with its headquarters in offices in Iceland and offices in Canada, is a field-leading provider of project and portfolio management (PPM) solutions. TEMPO currently markets four products: Timesheets, Planner, Books and Folio, which together provide agile project and portfolio management seamlessly integrated with the widely-used JIRA platform, empowering product development and professional services teams to create, improve, and deliver on time and on budget. TEMPO today has more than 7,000 active corporate customers worldwide, ranging from start-ups to a broad range of blue chip corporations across many industries, including Disney, eBay, Amazon, AT&T, Oracle, BMW, Dell and Pfizer. TEMPO collaborates with more than 85 Atlassian experts globally in sales, training and consulting for TEMPO software. TEMPO’s revenues were USD $5.7 million in 2014, an increase of 85% between years. Revenues were USD $2.2 million in Q1 2015, a 57% increase year-on-year, of which International revenues comprised 98%, with 50% from Europe and 35% from North America. The company currently employs 65 staff. Further information about TEMPO is available at www.temposoftware.com or on request from Nyherji. ABOUT NYHERJI HFNyherji hf. (NASDAQ OMX: NYHR.IC) is an established Nordic IT services provider with offices in Iceland and Sweden. For over two decades the company has been a world-class technology supplier, application developer, systems integrator, facilities manager and expert business process consultancy, with corporate roots that can be traced back to the inception of “office machines”. Nyherji aims to be the technology partner of choice for businesses, from the smallest to the largest enterprises. With expertise in understanding and linking the needs of enterprise customers to competitive technology solutions, Nyherji uses its deep knowledge of mission-critical processes, hardware and application requirements, to focus on government and industries sectors with high support needs such as healthcare, ?nancial services, logistics and aviation. For more information, please visit www.nyherji.is/english/investor-relations/
FORWARD LOOKING STATEMENTS Statements in this press release that are not based on historical facts are forward-looking statements. Although such statements are based on management’s current estimates and expectations, forward-looking statements are inherently uncertain. We therefore caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements, and that we do not undertake to update any forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
CONTACT INFORMATION NYHERJI Finnur Oddsson Group Chief Executive fo@nyherji.com Tel: (+354) 862 0310
Gunnar Petersen CFO Tel:(+354) 825 9001
TEMPO EHF. Agust Einarsson Chief Executive ae@temposoftware.com Tel.: (+354) 860 7501 Switchboard: (+354) 569 7700 |
| 14.4.2015 08:59 | Investor presentation by Nýherji hf. 30 April at 09:00 AM in Nýherji‘s Conference Aud... 14.4.2015 08:59Investor presentation by Nýherji hf. 30 April at 09:00 AM in Nýherji‘s Conference Auditorium, Borgartúni 37 Nýherji hf. will hold a presentation of the company's first quarter 2015 results for shareholders and investors, on Thursday 30 April. CEO Finnur Oddsson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 9:00 AM. Further information: Finnur Oddsson, CEO Nýherji, Tel. +354 862 0310 and Gunnar Petersen, Director Finance, Nýherji Tel. +354 825 9001. |
| 11.12.2014 07:57 |
Nýherji - FOLIO acquisition strengthens TM Software’s Tempo...
11.12.2014 07:57Nýherji - FOLIO acquisition strengthens TM Software’s TempoSee attachment.Attachment (.pdf) |
| 18.7.2014 13:21 | Investor presentation by Nýherji hf., 25 July at 13:00... 18.7.2014 13:21Investor presentation by Nýherji hf., 25 July at 13:00 Investor presentation by Nýherji hf., 25 July at 13:00 in Nýherji's Meeting Room 4B, Borgartún 37. Nýherji hf. will hold a presentation of the company's second quarter 2014 results for shareholders and investors, on Friday 25 July. CEO Finnur Oddsson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Meeting Room 4B, Borgartún 37, and will begin at 13:00. Further information: Finnur Oddsson, CEO Nýherji, Tel. +354 862 0310. |
| 25.4.2014 11:45 | Investor presentation by Nýherji hf., 2 May at 8:30 AM in Nýherji's Conference Audito... 25.4.2014 11:45Investor presentation by Nýherji hf., 2 May at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37 Nýherji hf. will hold a presentation of the company's first quarter 2014 results for shareholders and investors, on Friday 2 May. CEO Finnur Oddsson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Finnur Oddsson, CEO Nýherji, Tel. +354 862 0310. |
| 25.3.2014 10:09 | Nýherji sells Applicon in Denmark 25.3.2014 10:09Nýherji sells Applicon in DenmarkNýherji hf. has sold its Danish subsidiaries Applicon A/S and Applicon Solutions A/S. The buyer is Ciber A/S in Denmark, a member of the IT group Ciber Inc. (NYSE: CBR). The purchase price is confidential. The sale will not have a material effect on Nýherji hf.'s Q1 2014 results, but will strengthen its liquidity position and allow for a better focus on remaining operations. Ciber in Denmark will take control of Applicon on 1 April 2014. With about 40 employees, the Applicon companies in Denmark specialise in sales and consultancy services related to SAP business software and the development of related software solutions. Finnur Oddsson CEO of Nýherji hf.: "The sale of the Applicon companies in Denmark marks a turning point for the Nýherji Group. We have now sold all our businesses in Denmark, which have not performed as well as we would have liked in recent years. This is partly due to the lack of synergies between our Danish operation on the one hand and Nýherji's subsidiaries in Iceland and Sweden on the other hand. We are very pleased with Ciber's acquisition of the Applicon companies and believe that it will bring a range of benefits. Applicon's selection of services and products is a good fit with Ciber's existing offerings and a combined entity will be better equipped to meet the needs of demanding customers. We also see opportunities for future collaboration between Ciber and Nýherji. The sale will allow us to concentrate fully on the operations of Nýherji and TM Software in Iceland and the remaining Applicon subsidiaries in Iceland and Sweden. We expect that this will allow us to further improve our service to customers and improve the Group's performance." For further information please contact: Finnur Oddsson, CEO of Nýherji (finnur.oddsson@nyherji.is) Tel.No.: +354 862-0310 |
| 18.2.2014 07:45 | Investor presentation by Nýherji hf., 3 March at 8:30 AM in Nýherji's Conference Audi... 18.2.2014 07:45Investor presentation by Nýherji hf., 3 March at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37 Nýherji hf. will hold a presentation of the company's 2013 annual results for shareholders and investors, on Monday 3 March. CEO Finnur Oddsson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Finnur Oddsson, CEO Nýherji, Tel. +354 862 0310. |
| 6.1.2014 08:00 | Nýherji hf. sells Dansupport A/S 6.1.2014 08:00Nýherji hf. sells Dansupport A/SNýherji hf. has sold the Danish company Dansupport A/S to the IT/telecommunications company Jansson Kommunikation A/S. Dansupport is an IT service company which specialises in IT infrastructure, unified communications and the development of IP telephony solutions. The company had around 30 employees in 2013. Founded in 1987, Dansupport became part of the Nýherji group in 2007 and had revenues of approximately DKK 50 million in 2012. The purchase price is confidential. The sale will not have a material effect on Nýherji hf.'s income statement and balance sheet for 2013, but will strengthen the liquidity position. "In recent months, efforts have been underway to develop a new strategy for the Nýherji group and redefine its principal areas of focus. The aim of this work is to put a sharper focus on core activities and the markets, customers and solutions which Nýherji will concentrate its efforts on in the next several years. The sale of Dansupport is in line with Nýherji's intention to strengthening the supply of IT infrastructure services and solutions with a focus on the Icelandic corporate market. We would like to thank the management and staff of Dansupport for their excellent cooperation over the past few years," says Finnur Oddsson, CEO of Nýherji. Nýherji hf. is listed on NASDAQ OMX Iceland under the ticker symbol NYHR. The Nýherji group has around 500 employees. Its subsidiaries include TM Software and Applicon, which has operations in Iceland, Denmark and Sweden. Nýherji hf. had total revenues of ISK 14,182 million in 2012. |
| 13.12.2013 15:26 | Breytt dagsetning ársuppgjörs og aðalfundar Nýherja 2014... 13.12.2013 15:26Breytt dagsetning ársuppgjörs og aðalfundar Nýherja 2014 Ársuppgjör verður birt að loknum stjórnarfundi föstudaginn 28. febrúar 2014, sem hefst kl. 14:00, í stað föstudagsins 29. janúar eins og áður var tilkynnt. Aðalfundur Nýherja verður haldinn föstudaginn 14. mars 2014, kl. 16:00, í stað föstudagsins 14. febrúar eins og áður var tilkynnt. Nánari upplýsingar: Finnur Oddsson, forstjóri Nýherja, í síma +354 862-0310. |
| 14.10.2013 14:16 | Investor presentation by Nýherji hf., 28 October at 8:30 AM in Nýherji's Conference A... 14.10.2013 14:16Investor presentation by Nýherji hf., 28 October at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37 Nýherji hf. will hold a presentation of the company's third quarter 2013 results for shareholders and investors, on Monday 28 October. CEO Finnur Oddsson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37 and will begin at 8:30 AM. Further information: Finnur Oddsson, CEO Nýherji, Tel. +354 862 0310. |
| 3.4.2013 16:16 | Breytt dagsetning á birtingu uppgjörs - 1. ársfjórðungur verður birtur 24. apríl en e... 3.4.2013 16:16Breytt dagsetning á birtingu uppgjörs - 1. ársfjórðungur verður birtur 24. apríl en ekki 28. aprílUppgjör 1. ársfjórðungs Nýherja verður birt miðvikudaginn 24. apríl að loknum stjórnarfundi, sem hefst kl. 14:00, í stað föstudagsins 26. apríl eins og áður var tilkynnt. Nánari upplýsingar: Þórður Sverrisson, forstjóri Nýherja, í síma +354 893 3630. |
| 21.12.2012 10:01 | Fjárhagsdagatal Nýherja hf. 2013 21.12.2012 10:01Fjárhagsdagatal Nýherja hf. 2013 -- 30. janúar: Ársuppgjör ársins 2012. -- 22. febrúar: Aðalfundur ársins 2012. -- 26. apríl: Uppgjör 1. ársfjórðungs ársins 2013. -- 26. júlí: Uppgjör 2. ársfjórðungs og fyrstu sex mánaða ársins 2013. -- 25. október: Uppgjör 3. ársfjórðungs og fyrstu níu mánaða ársins 2013. -- 31. janúar 2014: Uppgjör 4. ársfjórðungs og ársins 2013. |
| 23.10.2012 12:34 | Investor presentation by Nýherji hf., 29 October at 8:30 AM in Nýherji's Conference A... 23.10.2012 12:34Investor presentation by Nýherji hf., 29 October at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37Nýherji hf. will hold a presentation of the company's third quarter 2012 results for shareholders and investors, on Monday 29 October. CEO Thordur Sverrisson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630. |
| 27.7.2012 16:41 |
Uppgjör Nýherja hf. fyrir fyrri árshelming 2012 - 27. júlí 2012...
27.7.2012 16:41Uppgjör Nýherja hf. fyrir fyrri árshelming 2012 - 27. júlí 2012see attachmentAttachment (.pdf) Attachment (.pdf) Attachment (.pdf) |
| 23.7.2012 13:21 |
Investor presentation by Nýherji hf., 30 July at 8:30 AM in Nýherji's Conference Audi...
23.7.2012 13:21Investor presentation by Nýherji hf., 30 July at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37Nýherji hf. will hold a presentation of the company's second quarter 2012
results for shareholders and investors, on Monday 30 July.
CEO Thordur Sverrisson will present the company's performance at the meeting
and answer questions.
The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37,
and will begin at 8:30 AM.
Breakfast will be served starting at 8:15.
Further information:
Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630.Attachment (.pdf) |
| 23.4.2012 11:43 | Investor presentation by Nýherji, 30 April at 8:30 AM in Nýherji's Conference Auditor... 23.4.2012 11:43Investor presentation by Nýherji, 30 April at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37Nýherji hf. will hold a presentation of the company's first quarter 2012 results for shareholders and investors, on Monday 30 April. CEO Thordur Sverrisson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630. |
| 30.1.2012 14:28 |
Presentation for investors 30.1.2012
30.1.2012 14:28Presentation for investors 30.1.2012See attachment.Attachment (.pdf) |
| 30.1.2012 09:03 | Annual General Meeting of Nýherji hf. 17 February 2012 - Proposal for the payment of ... 30.1.2012 09:03Annual General Meeting of Nýherji hf. 17 February 2012 - Proposal for the payment of a dividendThe Board of Directors proposes that shareholders be paid a dividend of ISK 0.0625 per share in 2012, or ISK 25 million in total, of which ISK 20 million shall be in the form of shares in the Company. In other respects, reference is made to the annual financial statements as regards the disposal of profits and other changes in equity. Dividends will paid on 15 March 2012 in accordance with shareholders’ holdings as listed at the close of trading on 22 February 2012 in accordance with listed rate 17 February 2012. Ex-date is 20 February 2012. |
| 24.1.2012 09:57 |
Investor presentation by Nýherji hf., 30 January at 8:30 AM...
24.1.2012 09:57Investor presentation by Nýherji hf., 30 January at 8:30 AMNýherji hf. will hold a presentation of the company's 2011 annual results for
shareholders and investors, on Monday 30 January.
CEO Thordur Sverrisson will present the company's performance at the meeting
and answer questions.
The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37,
and will begin at 8:30 AM.
Breakfast will be served starting at 8:15.
Further information:
Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630.Attachment (.pdf) |
| 18.1.2012 14:51 |
Annual General Meeting of Nyherji to be held at 4:00 pm, on Friday 17 February 2012...
18.1.2012 14:51Annual General Meeting of Nyherji to be held at 4:00 pm, on Friday 17 February 2012See attachment.Attachment (.pdf) |
| 31.10.2011 16:10 | Investment Presentation - 31. October 2011 31.10.2011 16:10Investment Presentation - 31. October 2011See attachment. |
| 28.10.2011 17:11 | Nýherji hf - Market Making Agreement with Landsbankinn... 28.10.2011 17:11Nýherji hf - Market Making Agreement with LandsbankinnNyherji hf (NYHR) has made an agreement with Landsbankinn hf regarding market making for the issued shares of NYHR. The agreement becomes effective on October 31st 2011 is valid until end of day October 31st 2012, however Landsbankinn can terminate the agreement with one month's notice. The purpose of the agreement is to improve liquidity and to enhance transparent price formation in the NYHR shares on NASDAQ OMX Nordic. As a market maker, Landsbankinn is obligated to submit in its proprietary account daily bid and ask orders for NYHR shares, for a minimum of 200,000 shares at a price determined by Landsbankinn. The maximum bid/ask spread may not exceed 5.0%. New orders shall be placed within 15 minutes in succession to prior orders getting filled. If the intraday price of NYHR moves more than 10% then Landsbankinn can double the bid/ask spread for the remainder of the day. Under the agreement, Landsbankinn is obligated to provide liquidity for up to ISK 10 million in market value daily. |
| 28.10.2011 17:07 |
Nýherji hf. Third Quarter Results for 2011
28.10.2011 17:07Nýherji hf. Third Quarter Results for 2011Nýherji's earnings before interest, taxes, depreciation and amortization
(EBITDA) amounted to ISK 376 million for the first nine months of 2011.
Highlights
-- EBITDA was ISK 77 million in Q3, as compared to ISK 169 million for the
corresponding period last year.
-- Net profits totalled ISK 18 million for the first nine months of the year.
-- Applicon Denmark posted a loss of ISK 90 million during the quarter due to
delays in the delivery of a software solution.
-- The operation and performance of all other business units and subsidiaries
of the Group was in line with projections.
-- Nýherji has entered into an agreement with Landsbanki Íslands to act as a
market maker for the Company's shares.
Thórdur Sverrisson, CEO:
“The performance of the Nýherji Group was below expectations during the
quarter. All the Group's units and subsidiaries performed as projected, with
the exception of Applicon A/S in Denmark. In collaboration with a partner in
Denmark, the company has been working on the implementation and delivery of an
extensive solution for a public entity, and delays in delivery have resulted in
substantial additional costs for Applicon. The performance of the Group's other
units has been fine and the outlook for the fourth quarter is good.”
See attachments.Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) |
| 24.10.2011 10:46 |
Investor presentation by Nýherji hf., will be on October 31st at 08:30 AM...
24.10.2011 10:46Investor presentation by Nýherji hf., will be on October 31st at 08:30 AMNýherji hf. will hold a presentation of the company's third quarter 2011
results for shareholders and investors, on Monday October 31st 2011.
The CEO for Nýherji hf. Thordur Sverrisson will present the company's
performance at the meeting and answer questions.
The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37,
and will begin at 8:30 AM.
Breakfast will be served starting at 8:15.
Further information:
Thordur Sverrisson,
CEO Nýherji,
Tel. +354 893 3630.Attachment (.pdf) |
| 29.7.2011 12:49 |
Presentation for investors, Results for the First Half of 2011, 28. July 2011...
29.7.2011 12:49Presentation for investors, Results for the First Half of 2011, 28. July 2011See attachment.Attachment (.pdf) |
| 25.7.2011 17:04 |
Correction: Investor presentation by will be on July 28th at 08:30 AM - Published 201...
25.7.2011 17:04Correction: Investor presentation by will be on July 28th at 08:30 AM - Published 2011-07-25 17:54:26 Time change to 10.00
Investor presentation by Nýherji hf., will be on July 28th at 10:00 AM in
Nýherji's Conference Auditorium, Borgartún 37.
Further information:
Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630.
See attachment.Attachment (.pdf) |
| 25.7.2011 15:54 | Investor presentation by will be on July 28th at 08:30 AM... 25.7.2011 15:54Investor presentation by will be on July 28th at 08:30 AMNýherji hf. will hold a presentation of the company's second quarter 2011 results for shareholders and investors, on Thursday July 28th. The CEO for Nýherji hf. Thordur Sverrisson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630. |
| 5.5.2011 15:28 |
Correction - Presentation for Investors - Published 2011-05-05 15:34:25...
5.5.2011 15:28Correction - Presentation for Investors - Published 2011-05-05 15:34:25Correction: Date on the first slide corrected.
See attachment.Attachment (.pdf) |
| 5.5.2011 13:34 |
Presentation for Investors May 2 2011
5.5.2011 13:34Presentation for Investors May 2 2011See attachment.Attachment (.pdf) |
| 3.5.2011 11:20 |
Nýherji hf. First Quarter Results for 2011 - English translation of an announcement ...
3.5.2011 11:20Nýherji hf. First Quarter Results for 2011 - English translation of an announcement published 2011-04-29 18:18:52Highlights of Q1 2011 performance
-- EBITDA was ISK 160 million in Q1 2011, as compared to ISK 35 million for
the corresponding period last year.
-- Net profit totalled ISK 64 million, as compared to a loss of ISK 130
million in Q1 2010.
-- Foreign subsidiaries performed well, with EBITDA improving by ISK 52
million year on year.
-- A new structure for the domestic operations of the Nýherji Group was
implemented on 1 April 2011.
-- Demand for software consultancy services is robust and the project pipeline
for software consultants is strong.
Thórdur Sverrisson, CEO:
“The operations of Nýherji were successful in the first quarter, with the Group
performing largely in line with expectations and achieving EBITDA of ISK 160
million for the period. Foreign operations yielded good results, posting EBITDA
of ISK 55 million as compared to ISK 3 million last year.
The structural changes which were made to the Group's domestic operations on 1
April 2011 will enable us to further improve our operations with fewer, more
capable units to meet the ever changing needs of our customers.”
Further information
For further information contact: Thórdur Sverrisson, CEO of Nýherji, Tel. +354
893 3630.Attachment (.pdf) |
| 27.4.2011 14:55 | Investor presentation by Nýherji hf., will be on May 2nd at 8:30 AM in Nýherji's Conf... 27.4.2011 14:55Investor presentation by Nýherji hf., will be on May 2nd at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37Nýherji hf. will hold a presentation of the company's first quarter 2011 results for shareholders and investors, on Monday May 2nd. The CEO for Nýherji hf. Thordur Sverrisson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630. |
| 28.3.2011 09:51 |
Nyherji Annual Report 2010
28.3.2011 09:51Nyherji Annual Report 2010
See attachment.Attachment (.pdf) |
| 10.3.2011 15:48 |
Structural changes at the Nýherji Group
10.3.2011 15:48Structural changes at the Nýherji Group
See attachment.Attachment (.pdf) |
| 24.2.2011 12:18 |
Articles of association for Nýherji
24.2.2011 12:18Articles of association for Nýherji
See attachment.Attachment (.pdf) |
| 24.2.2011 11:58 |
Correction - Annual General Meeting of Nýherji 18 February 2011 - Published: 2011-02...
24.2.2011 11:58Correction - Annual General Meeting of Nýherji 18 February 2011 - Published: 2011-02-10 12:49:13 CETCorrection: Attachment was missing - Proposal on Board Members´ remuneration
See attachments.Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) |
| 11.2.2011 15:23 |
Candidates standing for election as directors of Nýherji hf. at the company's AGM on ...
11.2.2011 15:23Candidates standing for election as directors of Nýherji hf. at the company's AGM on 18 February 2011
The following individuals have agreed to stand for election to Nýherji's Board
of Directors, which will be elected at the company's AGM on 18 February 2011.
All of them are currently directors of the company.
BOARD OF DIRECTORS
Árni Vilhjálmsson, Id. No. 110532-3509, Hlyngerði 10, 108 Reykjavík.
Positions held:
Currently serves as chairman of the board or director of HB Grandi hf.,
Hampiðjan hf., Hvalur hf.,
Fiskveiðahlutafélagið Venus hf., Nýherji hf. et al.
Was previously a professor in the Faculty of Business Administration of the
University of Iceland, in addition to various other positions and projects.
Education: Cand. oecon from the University of Iceland and AM in economics from
Harvard University.
Holdings and connections:
Director's shareholding: ISK 3,400,000
No connected interests with customers or competitors. Chairman of the board of
Vænting hf., which holds a 20% stake in Nýherji hf.
Benedikt Jóhannesson, Id. No. 040555-2699, Selvogsgrunnur 27, 104 Reykjavík.
Positions held:
Currently managing director of Talnakönnun hf. and Heimur hf., as well as
chairman of the board or director in various public limited companies such as
Nýherji hf., N1 and BNT hf. Previously director of Sjóvá-Almennar tryggingar
hf. et al.
Education: PhD in mathematics and statistics, MS in statistics, BS in
mathematics and economics.
Holdings and connections:
Director's shareholding: ISK 12,384,363
No connected interests with major customers or competitors. Director of Áning
fjárfestingar ehf. which holds a 7,4% stake in Nýherji hf.
Guðmundur Jóh. Jónsson, Id. No. 041159 2439, Álfhólsvegur 101, 200 Kópavogur.
Positions held:
Managing director of Vörður tryggingar hf., chairman of the board of director
in Hreint hf. and currently a member of board of Nýherji hf.
Education: Business administration graduate of Seattle University, MBA from the
University of Edinburgh.
Holdings and connections:
Director's shareholding: ISK 534,218
No connected interests with customers or competitors.
Hildur Dungal,Id: 140571-3859, Hásalir 14, 201 Kópavogur.
Positions held:
Attorney at law and town-councilor. Previously held the position of President
of Directorate of Immigration in Iceland.
Education:
Attorney at law from University of Iceland.
Holdings and connections
No shareholding.
No connected interests with customers or competitors
Jafet S. Ólafsson, Id. No. 290451-4699, Langagerði 26, 108 Reykjavík.
Positions held:
Managing director of Veigar fjárfestingafélag. Served as managing director of
VBS fjárfestingabanki (previously Verðbréfastofan) for 10 years.
Education: Graduate of the Commercial College of Iceland in 1973. Business
administration graduate of the University of Iceland 1977.
Holdings and connections:
Shareholding: ISK 5,475,205
No connected interests with customers or competitors.
ALTERNATE
Marta Kristín Lárusdóttir, Id: 080663-2269, Geitastekkur 2, 109 Reykjavík.
Positions held:
Assistant professor at University of Reykjavik, Department of Computer Science.
Educations:
Lic. Ph. (Licentiate of Philosophy) in Computer Science at University of
Uppsala Sweden, MS in Computer Science from University of Copenhagen and BS in
Computer Science from University of Iceland.
Holdings and connections:
No shareholding.
No connected interests with customers or competitors.Attachment (.pdf) |
| 10.2.2011 10:49 |
Annual General Meeting of Nýherji 18 February 2011
10.2.2011 10:49Annual General Meeting of Nýherji 18 February 2011
See attachments.Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) |
| 8.2.2011 11:23 |
Fridrik Thor Snorrason leaves as Managing Director of Skyggnir ehf....
8.2.2011 11:23Fridrik Thor Snorrason leaves as Managing Director of Skyggnir ehf.
Fridrik Thor Snorrason, Managing Director of Skyggnir, the hosting and managed
service provider of the Nýherji Group, has accepted the position of Managing
Director of the Icelandic Banks' Data Centre (RB). Mr. Snorrason will start in
his new position on February 25.
Mr. Snorrason has been with the Nýherji Group since 2003, first as Director of
Marketing and then as the head of Nýherji's business development division. He
was appointed Managing Director of Skyggnir in 2008.Attachment (.pdf) |
| 4.2.2011 10:42 |
Presentation for investors - Annual results 2010
4.2.2011 10:42Presentation for investors - Annual results 2010
See attachment.Attachment (.pdf) |
| 31.1.2011 15:55 |
Annual General Meeting of Nyherji to be held at 4:00 pm on Friday 18 February 2011...
31.1.2011 15:55Annual General Meeting of Nyherji to be held at 4:00 pm on Friday 18 February 2011
Se attachment.Attachment (.pdf) |
| 31.1.2011 15:52 |
Nýherji hf.'s total comprehensive income for the year 2010 was ISK 321m...
31.1.2011 15:52Nýherji hf.'s total comprehensive income for the year 2010 was ISK 321m
See attachment.Attachment (.pdf) |
| 27.1.2011 07:56 | Investor presentation by Nýherji, 31 January at 8:30 AM in Nýherji's Conference Audit... 27.1.2011 07:56Investor presentation by Nýherji, 31 January at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37 Nýherji hf. will hold a presentation of the company's 2010 annual results for shareholders and investors, on Monday 31 January. CEO Thordur Sverrisson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630. |
| 27.1.2011 07:51 |
Aðalfundur Nýherja verður haldinn föstudaginn 18. febrúar 2011 og hefst kl. 16:00...
27.1.2011 07:51Aðalfundur Nýherja verður haldinn föstudaginn 18. febrúar 2011 og hefst kl. 16:00Fundurinn er haldinn í ráðstefnusal félagsins í Borgartúni 37
Sjá viðhengi.Attachment (.pdf) |
| 21.1.2011 11:36 | The bankruptcy estate of Roka ehf. files suit against Nýherji... 21.1.2011 11:36The bankruptcy estate of Roka ehf. files suit against Nýherji On behalf of Nýherji hf., Reg. No. 530292-2079, Borgartún 37, 105 Reykjavík, Iceland, with reference to Articles 122 and 120 of Act No. 108/2007 on Securities Transactions, provisions of Regulation No. 630/2005 on Inside Information and Market Abuse and Article 2 of Rules for Issuers of Financial Instruments, Nasdaq OMX Iceland is hereby notified of the following developments: Pursuant to a purchase and sale agreement dated 2 January 2009, Nýherji hf. assumed control of the companies Skyggnir hf., TMS Origo ehf., EMR ehf., Vigor ehf., Viðja ehf., TM Software ITP ehf. and Theriak Medication Management ehf., from its subsidiary Roka ehf. (previously TM Software ehf.). Nýherji also acquired the subsidiary's real estate and liquid assets. By a decision of the District of Reykjanes on 17 March 2010, Roka ehf. was subjected to bankruptcy proceedings at the request of Straumur-Burdarás Investment Bank hf. This decision was confirmed by a judgment of the Supreme Court pronounced on 7 May 2010 in case No. 205/2010. On Wednesday 19 January 2011, the bankruptcy estate of Roka ehf. filed a lawsuit against Nýherji hf. seeking avoidance of the disposal of the aforementioned assets pursuant to the parties' purchase and sale agreement and the payment of compensation. Nýherji hf. dismisses the bankruptcy estate's claims as without merit. The company maintains that it paid a fair price for the assets concerned and that all creditors of the bankruptcy estate were treated equally. Consequently the company intends to defend itself against the bankruptcy estate' claims. Nýherji hf. has substantial claims against Roka ehf. which it filed in the bankruptcy proceedings. It remains to be seen whether the claims filed against the estate will be accepted, but in the unlikely event that the estate's compensation claim is successful, Nýherji hf. will presumably be able to recoup a large part of the compensation amount back from the estate, thus reducing the company's financial risk in respect of the lawsuit. For further information please contact: Thordur Sverrisson, CEO of Nýherji. Tel: +354 893 3630, thordur.sverrisson@nyherji.is |
| 19.1.2011 09:08 | Appointed Managing Director of Dansupport A/S 19.1.2011 09:08Appointed Managing Director of Dansupport A/S Preben Sörensen has been appointed Managing Director of Dansupport A/S, a subsidiary of Nýherji hf., in Denmark, Preben has worked for Dansupport A/S for the past three years, among other things as a Technical Manager. Before entering Dansupport, he was IT Manager at the Sakata Seed Corporation, where he participated in the building up of the company's IT infrastructure in Europe. He is succeeding Kim Lave Nielsen, who worked as a Managing Director of Dansupport from 2008. Kim Lave Nielsen has joined NetDesign A/S as Sales and Marketing Manager. |
| 21.12.2010 11:26 | Henrik R. Møller appointed Managing Director of Applicon A/S in Denmark... 21.12.2010 11:26Henrik R. Møller appointed Managing Director of Applicon A/S in Denmark Henrik R. Møller has been appointed Managing Director of Applicon A/S in Denmark. Henrik has been working for Applicon A/S for the past two years. He previously worked for the global consultancy company Capgemini for five years, where he was COO of Capgemini in Denmark. Henrik has an Executive MBA from the Scandinavian International Management Institute and Cand. Scient in Computer Science from the University of Copenhagen. He is succeeding Martin Nørballe, who has been working as Managing Director of Applicon A/S since 2005. Martin Nørballe will continue to work on development projects for Nýherji hf., the parent company of Applicon A/S. |
| 18.12.2010 10:32 |
Publication of a Prospectus
18.12.2010 10:32Publication of a Prospectus
See attachment.Attachment (.pdf) |
| 15.12.2010 07:51 |
Correction - Nýherji's Q3 operating profit (EBITDA) was ISK 169m...
15.12.2010 07:51Correction - Nýherji's Q3 operating profit (EBITDA) was ISK 169mPublished 2010-10-25 15:11:21
Correction:
In not reviewed condensed consolidated interim financial statements published
on 22 October 2010, the total amount of profit for the period and items in the
statement of comprehensive income not affecting cash flow in operating
activities was too low by ISK 210 million. Furthermore, changes in trade
receivables and other short term receivables were misstated by the same amount.
The error did not affect cash used in operating activities during the period or
the statement of cash flows in any other way. The accompanying chart shows the
adjustment.
The auditors of Nýherji hf. have finalized the review of the condensed
consolidated interim financial statements for the first nine months of the year
2010. Attached are the interim financial statements including the audit report.
No further changes were been made to previous interim financial statements,
other than the adjustment of an error in the statement of cash flows.
Attachment (.pdf) Attachment (.xls) |
| 29.10.2010 16:18 |
Condensed Consolidated Interim Financial Statements 30 September 2010 and investment ...
29.10.2010 16:18Condensed Consolidated Interim Financial Statements 30 September 2010 and investment presentationSee attachments.
Attachment (.pdf) Attachment (.pdf) |
| 25.10.2010 13:11 |
Nýherji's Q3 operating profit (EBITDA) was ISK 169m...
25.10.2010 13:11Nýherji's Q3 operating profit (EBITDA) was ISK 169mHighlights
• The EBITDA in the third quarter was ISK 169 million, but for the same period
in 2009 EBITDA was by ISK 107 million.
• Total profit in the first nine months was ISK 132 million, while for the same
period last year the total loss was ISK 178 million.
• Nýherji hf. increased its share capital by ISK 840 million at market value.
• Agreements with the company's commercial bank on restructuring of long-term
loans are finished.
• Nýherji's real-estate will be sold for ISK 1650 million, in parallel with the
company entering into a 15-year lease agreement.
• Plans call for lowering the company's debt by ISK 2600 million.
Thordur Sverrisson, CEO:
"During the year there has been very positive development in the operations of
Nýherji and its domestic subsidiaries, and the performance is excellent in the
third quarter of 2010. The demand for computers and technical equipment has
increased, and sales are above plan. After a considerable decrease in the
number of software consultants, a balance has been achieved with the demand for
domestic software services, and these operations are now profitable.
Nýherji increased its share capital by ISK 120 million at nominal price and
sold it to investors at an price per share of 7.0. At the same time agreements
with the company's commercial bank on restructuring of long-term loans were
signed. The overall impact of the measures is that the company's equity will be
strengthened by nearly ISK 1 billion. The increase in share capital, sale of
real-estate and decrease in debt will lower interest-bearing debt by ISK 2600
million. At the conclusion of these measures, Nýherji's financial position will
again be strong, and the company's equity ratio will exceed 30% at the end of
the year. The company's main emphasis will be on further improving performance
with the continuing rationalization of operations."
Further information
Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630.
Nýherji hf.
Nýherji hf.'s mission is to create value for its customers with employees'
knowledge of IT, corporate operations and customers' needs. Nýherji offers
top-quality consulting and professional services in the field of IT as well as
professional computer equipment, office equipment and software. The Nýherji
Group comprises 18 companies, operating in both in Iceland and other countries
and having 540 full-time equivalent positions. Nýherji hf.'s shares are
registered on NASDAQ OMX Iceland hf.
Nýherji's Board of Directors: Benedikt Jóhannesson, Chairman of the Board, Árni
Vilhjálmsson and Gudmundur Jóh. Jónsson. Thordur Sverrisson is Nýherji's CEO.
Attachment (.pdf) |
| 20.10.2010 15:50 | Shareholder and investor presentation 25 October at 8:30 AM in Nýherji's Conference A... 20.10.2010 15:50Shareholder and investor presentation 25 October at 8:30 AM in Nýherji's Conference Auditorium, Borgartún 37Nýherji hf. will hold a presentation of the company's Q3 2010 settlement for shareholders and investors, on Monday 25 October. CEO Thordur Sverrisson will present the company's performance at the meeting and answer questions. The presentation will be held in Nýherji's Conference Auditorium, Borgartún 37, and will begin at 8:30 AM. Breakfast will be served starting at 8:15. Further information: Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630. |
| 30.9.2010 10:24 |
Nýherji hf. increases share capital by ISK 840 million at market value and signs agre...
30.9.2010 10:24Nýherji hf. increases share capital by ISK 840 million at market value and signs agreements with Arion Bank and Islandsbanki.The Board of Directors of Nýherji hf. has decided to utilize the authorization
of the annual general meeting last February to increase the company's share
capital by ISK 120 million at nominal par. The company has signed agreements
with investors on the purchase of this share capital at an exchange rate of
7.0, and the total sales value is therefore ISK 840 million. This week share
capital in the amount of ISK 28 million at par value will be registered with
Icelandic Securities Depository, and share capital in the amount of ISK 92
million will be registered in December. About half of the share capital
increase comes from new shareholders. After the increase in December, the
company's issued share capital will be ISK 400 million at nominal par.
Nýherji has also signed agreements with Arion Bank, on one hand, and
Islandsbanki, on the other, on reorganization of the company's long-term loans,
where the payment period will again be normal.
In order to further lower the company's debt, Nýherji has entered into an
agreement on the sale of the company's real-estate at Borgartún 37, and the
sales price is ISK 1650 million, which will generate sales profit in the amount
of ISK 82 million. In parallel with this, the company has signed a 15-year
lease agreement for Borgartún 37.
Because of debt restructuring from foreign to domestic loans, the loan
principal will decrease. The overall effect of this decrease and the
aforementioned sale of Borgartún 37 is after-tax profit of about ISK 150
million, based on the position at the end of Q2 2010.
The overall impact of the measures is that the company's equity capital will be
strengthened by nearly ISK 1 billion in 2010. At the conclusion of these
measures, Nýherji's financial position will again be strong, and the company's
equity ratio will be over 30% at the end of the year. Also, the cash position
and the company's current ratio will again be normal. After the agreements the
company's interest-bearing debt will be about ISK 2.6 billion. The loan payment
periods will range from 7 to 15 years. Interest-bearing debt has also been
halved since 30 June 2010.
"The operations of Nýherji and its subsidiaries have been strengthened in
recent quarters, and the prospects are good for still better performance of the
group's operations in the next several quarters. In Q2 EBITDA from the
company's operations was ISK 123 million, but next year's plans call for it to
be about ISK 160 million on average per quarter. With the above-specified
changes, the company will recoup its previous financial strength, in parallel
with achieving good operational performance," according to Nýherji's CEO
Thordur Sverrisson.
Further information:
Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630.
Attachment (.pdf) |
| 26.7.2010 15:23 |
Nýherji's Results for First Half 2010
26.7.2010 15:23Nýherji's Results for First Half 2010Highlights
• The total income in the first half was ISK 100 million, while for the same
period last year the total loss was ISK 71 million.
• The EBITDA in the second quarter was ISK 123 million, but for the same period
in 2009 EBITDA was negative by ISK 109 million.
• Product sales in the domestic market in the second quarter were up 30%
compared with the same quarter last year.
• Positive EBITDA has been achieved in the operations of foreign subsidiaries,
and the outlook in the second half is good.
• Plans call for agreements being concluded in the near future with the
company's commercial banks on financial reorganization.
Thordur Sverrisson, CEO:
"The company stayed on plan the first half, and the outlook is good for the
second half. Foreign and domestic subsidiaries working in software services
made good profit instead of last year's operational loss. Efforts to lower
operating costs within the group succeeded, and performance therefore improved.
Nýherji has progressed a long way in discussions with the banks on reorganizing
the group's finances, which are expected to conclude in the near future."
Further information
Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630.
See attachment.
Attachment (.pdf) |
| 3.5.2010 14:06 | Kristinn Geirsson appointed Deputy CEO of Nýherji 3.5.2010 14:06Kristinn Geirsson appointed Deputy CEO of NýherjiKristinn Geirsson has been appointed Deputy CEO of Nýherji hf. A 43-year-old graduate of the University of Iceland, with an MBA from Wharton School of Business, Kristinn has previously served as managing director or CEO of Glitnir banki hf., Sund ehf., Ingvar Helgason ehf. Skjár einn ehf., Goði hf. and Samskip hf. Further information For further information contact: Thordur Sverrisson, CEO of Nýherji, tel. +354 893 3630. |
| 29.4.2010 11:48 |
Nýherji's results for Q1 2010
29.4.2010 11:48Nýherji's results for Q1 2010Highlights of Q1 2010 performance
• Total group income amounted to ISK 3,509 million, or similar to that of Q1
2009
• EBITDA for the quarter was ISK 35 million, while total comprehensive loss on
the period was ISK 130 million
• EBITDA on domestic operations is positive, while foreign operations are on
the borderline
• Applicon A/S concluded a major 3-year contract for ISK 1.8 billion, ensuring
good performance from operations abroad this year. The loss on Applicon's Q1
operations amounted to ISK 32 million, but the outlook is for good profit for
the remainder of this year
• The company's financial situation will be reinforced in coming months with a
share capital increase and sale of assets
Thordur Sverrisson, CEO:
“Operating income on Nýherji's domestic activities grew by 3% over the previous
year in Q1 and EBITDA improved by almost ISK 65 million. Q1 product sales are
up by almost 25% from Q1 last year and software consultancy and services are
regaining balance.
Major contracts of Applicon A/S improved the operating performance of
activities abroad at the end of the quarter. While this company has operated at
a loss totalling ISK 125 million the past two quarters, these contracts ensure
good results in upcoming quarters.
The outlook for the company's performance is now positive, following the
extensive actions undertaken in Iceland to cut costs, adapt operations to the
market situation and obtain important contracts both at home and abroad.
Nýherji's main task for the coming months will be to secure the company's
financial situation. Proposals have been approved by the Board of Directors to
the company's bankers involving measures to conclude its financial
restructuring, including a share capital increase and sale of assets.”
For further information contact:
Thordur Sverrisson, CEO of Nýherji, tel. +354 893 3630
Attachment (.pdf) |
| 27.4.2010 08:24 |
Nýherji's Subsidiary in Denmark Signs DKK 175 Million Deal...
27.4.2010 08:24Nýherji's Subsidiary in Denmark Signs DKK 175 Million DealSee attachment.
Attachment (.doc) |
| 6.4.2010 11:13 |
Annual Report 2009
6.4.2010 11:13Annual Report 2009See attachment.
Attachment (.pdf) |
| 24.2.2010 12:38 |
Results of AGM held on 19 February 2010
24.2.2010 12:38Results of AGM held on 19 February 2010The following are the results of Nýherji's Annual General Meeting (AGM), held
in the company's conference hall at Borgartún 37, at 4:00 pm on 19 February
2010:
1. The company's annual financial statements were submitted and adopted
unanimously.
2. A motion was approved to the effect that no dividends would be paid for the
2009 operating year.
3. A motion was adopted proposing that compensation paid to the Board for the
2009 operating year be as follows: To the Chairman of the Board, ISK
2,550,000; to other directors, ISK 850,000; alternate, ISK 63,000 for each
meeting attended.
4. The following motion to amend Article 2.1 of the company's Articles of
Association was adopted. At the end of the Article, the following temporary
provision shall be added:
The company's Board of Directors is authorised, cf. Art. 41 of the Act on
Public Limited Companies, to increase the company's share capital by up to
ISK 120 million with the sale of new shares. The current shareholders waive
their pre-emptive rights to acquire these shares. The company's Board of
Directors shall determine the offering price of the shares and rules on
sale in each instance. Subscriptions shall be carried out as provided for in
the company's Articles of Association and Chapter V of the Act on Public
Limited Companies. There shall be no restrictions on trading in the new
shares. The new shares shall confer rights in the company as of the date the
increase in share capital is registered. Nýherji's Board of Directors may
exercise this authorisation within three years of its adoption.
5. An authorisation was approved for the company's Board of Directors to
acquire up to 10% of the nominal value of the company's shares, cf. Chapter
VIII of Act No. 2/1995, on Public Limited Companies. The purchase price of
the shares may not be more than 20% above or below the latest listed price
on OMX Iceland. This authorisation shall be valid for up to 18 months.
6. It was agreed that the Board of Directors for the coming operating year
will be composed of the following: Benedikt Jóhannesson (Chairman of the
Board), Árni Vilhjálmsson and Guðmundur Jóh. Jónsson; Jafet S. Ólafsson is
an alternate Director.
7. The motion that KPMG hf. be elected as the company's auditor was adopted.
The new Board of Directors decided on the division of its tasks at a Board
meeting held directly following the AGM. Benedikt Jóhannesson shall serve as
Chairman of the Board. Árni Vilhjálmsson was elected Vice-chairman.
The Chairman's speech is attached.
Attachment (.doc) |
| 12.2.2010 13:58 |
Annual Report 2009
12.2.2010 13:58Annual Report 2009See attachment.
Attachment (.pdf) |
| 12.2.2010 13:57 | Schedule of Board meetings for 2010 12.2.2010 13:57Schedule of Board meetings for 2010• Wednesday, 24 February, Board meeting at 3:00 pm • Wednesday, 24 March, Board meeting at 3:00 pm • Wednesday, 28 April, Q1 results, at 2:00 pm • Wednesday, 26 May, Board meeting at 3:00 pm • Friday, 23 July, H1 results, at 2:00 pm • Wednesday, 22 September, Board meeting, at 3:00 pm • Friday, 22 October, 9M results, at 2:00 pm • Wednesday, 8 December, Board meeting at 3:00 pm • Friday, 28 January 2011, 2010 results, at 2:00 pm • Friday, 18 February 2011, Annual General Meeting, at 4:00 pm. |
| 12.2.2010 13:55 | Annual General Meeting of Nýherji hf. - 19 February 2010... 12.2.2010 13:55Annual General Meeting of Nýherji hf. - 19 February 2010The Annual General Meeting of Nýherji hf. will be held on Friday, 19 February 2010, in the conference hall at company headquarters, Borgartún 37, commencing at 4:00 pm. The Agenda for the meeting is as follows: 1. Regular AGM business, as provided for in Art. 4.5 of the company's Articles of Association. 2. A motion authorising the Board of Directors to increase share capital, cf. Art. 41 of the Public Limited Companies Act. The Annual General Meeting of Nýherji hf., held on 19 February 2010, approves the following amendments to Art. 2.1 of the company's Articles of Association. At the end of the Article, the following temporary provision shall be added: The company's Board of Directors is authorised, cf. Art. 41 of the Act on Public Limited Companies, to increase the company's share capital by up to ISK 120 million through the sale of new shares to new shareholders. The current shareholders waive their pre-emptive rights to acquire these shares. The company's Board of Directors shall determine the offering price of the shares and rules on sale in each instance. Subscriptions shall be carried out as provided for in the company's Articles of Association and Chapter V of the Act on Public Limited Companies. There shall be no restrictions on trading in the new shares. The new shares shall confer rights in the company as of the date the increase in share capital is registered. Nýherji's Board of Directors may exercise this authorisation within three years of its adoption. 3. A motion authorising the company to acquire own shares, cf. Art. 55 of the Public Limited Companies Act. The Annual General Meeting of Nýherji hf., held on 19 February 2010, approves an authorisation to the company's Board of Directors to acquire up to 10% of the nominal value of the company's shares, cf. Chapter VIII of Act No. 2/1995, on Public Limited Companies. The purchase price of the shares may not be more than 20% above or below the latest listed price on OMX Iceland. This authorisation shall be valid for up to 18 months. 4. Motion on remuneration to directors. The company's Board of Directors proposes that no dividends be paid to shareholders for the 2009 operating year. 5. Motion on remuneration to directors. A motion has been submitted to the meeting that remuneration to directors and alternates on Nýherji's Board of Directors for the year 2009 be as follows: Chairman of the Board, ISK 2,550,000; directors, ISK 850,000; alternate, ISK 63,000 for each meeting attended; or the same as for 2008, when remuneration to directors was reduced by 10% from that of the previous year. 6. Other business, raised in a lawful manner. Ballots and AGM documents will be distributed at the meeting. Shareholders, who are unable to attend the AGM but wish to appoint a proxy, must do so in writing. The annual financial statements and motions submitted to the AGM will be available on the company's website, www.nyherji.is on 5 February 2010. Candidates standing for election as directors of Nýherji hf. at the company's AGM on 19 February 2010 The following individuals have agreed to stand for election to Nýherji's Board of Directors, which will be elected at the company's AGM on 19 February 2010. All of them are currently directors of the company. BOARD OF DIRECTORS Árni Vilhjálmsson, Id. No. 110532-3509, Hlyngerði 10, 108 Reykjavík. Positions held: Currently serves as chairman of the board or director of HB Grandi hf., Hampiðjan hf., Hvalur hf., Fiskveiðahlutafélagið Venus hf., Nýherji hf. et al. Was previously a professor in the Faculty of Business Administration of the University of Iceland, in addition to various other positions and projects. Education: Cand. oecon from the University of Iceland and AM in economics from Harvard University. Holdings and connections: Director's shareholding: ISK 400,000 No connected interests with customers or competitors. Chairman of the board of Vænting hf., which holds a 28.5% stake in Nýherji hf. Benedikt Jóhannesson, Id. No. 040555-2699, Selvogsgrunnur 27, 104 Reykjavík. Positions held: Currently managing director of Talnakönnun hf. and Heimur hf., as well as chairman of the board or director in various public limited companies such as Nýherji hf., N1 and NBT hf. Previously director of Sjóvá-Almennar tryggingar hf. et al. Education: PhD in mathematics and statistics, MS in statistics, BS in mathematics and economics. Holdings and connections: Director's shareholding: ISK 12,384,363 No connected interests with major customers or competitors. Director of Áning fjárfestingar ehf. which holds a 10.6% stake in Nýherji hf. Guðmundur Jóh. Jónsson, Id. No. 041159 2439, Álfhólsvegur 101, 200 Kópavogur. Positions held: Managing director of Vörður tryggingar hf., currently a director of Nýherji hf. Education: Business administration graduate of Seattle University, MBA from the University of Edinburgh. Holdings and connections: Director's shareholding: ISK 534,218 No connected interests with customers or competitors. ALTERNATE Jafet S. Ólafsson, Id. No. 290451-4699, Langagerði 26, 108 Reykjavík. Positions held: Managing director of Veigar fjárfestingafélag. Served as managing director of VBS fjárfestingabanki (previously Verðbréfastofan) for 10 years. Education: Graduate of the Commercial College of Iceland in 1973. Business administration graduate of the University of Iceland 1977. Holdings and connections: Shareholding: ISK 5,760,205 No connected interests with customers or competitors. |
| 2.2.2010 09:38 |
Nýherji hf. 2009 Results
2.2.2010 09:38Nýherji hf. 2009 Results2009 Highlights
• Income of the Nýherji Group totalled ISK 14,332 million (m) for the year, a
YoY decrease of 4%.
• Domestic sales of goods returned a profit, while software activities,
technical services and consultancy reported losses.
• Subsidiaries in Denmark reported Q4 losses.
• EBITDA for the year was negative by ISK 62m, although domestic performance
improved during the latter part of the year. Final loss for the year was ISK
686m.
• Nýherji faces stiff and growing competition from resurrected companies now
owned by banks.
• Goodwill has been written down by ISK 322m following impairment tests of
subsidiaries.
• Extensive cost-cutting measures have been undertaken, including reductions in
the number of employees in Iceland by almost 100 during the year.
• Work continues with the company's banks on restructuring its debt, in tandem
with issuing new share capital. A motion will be raised at the company's AGM
to authorise a share capital increase of up to ISK 120m nominal value.
Thordur Sverrisson, CEO:
“Nýherji's operating environment in 2009 was very difficult, resulting in a
loss on the year. The Icelandic market situation has been characterised by a
sharp contraction in demand, due to lower investment by businesses in new
technology and software solutions. This has hit the IT market hard, and debts
amounting to tens of billions of ISK of some of the company's main competitors
have been written off when the companies were resurrected by state-run banks.
Such actions distort competition and the performance of other companies in the
IT sector. For Nýherji, these economic setbacks have meant the loss of over a
hundred employees since the banks' collapse. Further cost-cutting measures had
to be taken in January this year, to meet the abnormal situation on the
domestic market.
Despite the substantial uncertainty which persists in the economy, there are
positive signs for acceptable performance in 2010, as prospects are good for
group companies to conclude contracts for various major projects in Iceland and
abroad. To reinforce the company's financial basis, work is currently underway
in collaboration with our banks to conclude financial restructuring together
with contracts for long-term financing, in accordance with the general
corporate action plans offered to businesses, and to increase Nýherji's share
capital. This process is expected to conclude in Q2 2010.”
Further information
For further information contact:
Thordur Sverrisson, Nýherji's CEO, tel. +354 893 3630.
Attachment (.pdf) |
| 28.1.2010 08:07 | The Annual General Meeting will be held at 4:00 pm on Friday, 12 February 2010... 28.1.2010 08:07The Annual General Meeting will be held at 4:00 pm on Friday, 12 February 2010THE ANNUAL GENERAL MEETING OF NÝHERJI HF. The Annual General Meeting of Nýherji hf. will be held at 4:00 pm on Friday, 12 February 2010, in the conference hall of company headquarters at Borgartún 37 in Reykjavík. AGENDA OF THE MEETING 1. Regular AGM business, as provided for in Art. 4.5 of the company's Articles of Association. 2. A motion authorising the Board of Directors to increase share capital, cf. Art. 41 of the Public Limited Companies Act. 3. A motion authorising the company to acquire own shares, cf. Art. 55 of the Public Limited Companies Act. 4. Other business, raised in a lawful manner. Ballots and AGM documents will be distributed at the meeting. Shareholders, who are unable to attend the AGM but wish to appoint a proxy, must do so in writing. The annual financial statements and motions submitted to the AGM will be available on the company's website, www.nyherji.is on 5 February 2010. |
| 16.12.2009 12:46 | Date of transaction 16.12.2009 16.12.2009 12:46Date of transaction 16.12.2009Trade ticker: NYHR Issuer: Nýherji hf. Date of announcement: 16.12.2009 Name primary insider: Kristinn Hjálmarsson Insider's relation with the issuer: Managing Director - ParX ehf, Nyherji´s subsidiary Date of transaction: 16.12.2009 Time of transaction: 12:15 Type of financial instrument: Hlutabréf/Shares Buy or Sell: Sala/Sell Number of shares: 10.000 Price per share: 10,0 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: Related parties' holdings after the transaction: 0 Date of settlement*: 0 Comments*: |
| 27.10.2009 13:29 |
- Nýherji's results for Q3 2009
27.10.2009 13:29- Nýherji's results for Q3 2009Nýherji's results for Q3 2009
Highlights of 9M results 2009
• EBITDA amounted to ISK 107 million in Q3
• Good performance in new software projects abroad
• Operations of Applicon companies in Denmark and Sweden are stable
• Net result for the quarter was negative by ISK 107 million, compared to a
negative outcome of ISK 258 million in 2008
• Plans for a new share issue
Thordur Sverrisson, CEO:
“There was a turnaround in operating profit at Nýherji in Q3 after three
difficult quarters and the group is now moving in a more positive direction.
The company's EBITDA for the quarter amounted to ISK 107 million, and is
approaching that of Q2 and Q3 2008. Sales of equipment and solutions in Iceland
increased as the quarter progressed, giving a cautious indication of better
prospects for sales of operating and technical services. Nýherji has focused
strongly on lowering operating expense this year, which has resulted in
improved performance as the year has advanced. Continuing restraint will
reinforce operating performance in Q4.
The operations of Applicon companies in Denmark and Sweden are steady and their
outlook acceptable, despite contraction in the economy of both countries.
Approximately one-third of group income originates from the activities of
foreign subsidiaries.
The situation on the Icelandic market for software services and consultancy in
Iceland has prompted the Icelandic arm of the group to seek opportunities
elsewhere. Applicon ehf. and TM Software ehf., both Nýherji subsidiaries in
software services, have responded to the sharp domestic downturn by actively
seeking projects abroad. As the situation stands today, over one-third of these
companies' income comes from project for clients overseas. The Nýherji group
has adopted a strategy of further increasing the number of projects undertaken
abroad by the group's consultants and technical personnel, for instance, by
taking advantage of the strong market position of its subsidiaries in Denmark
and Sweden.
As a step towards reinforcing Nýherji's financial position, the company's Board
of Directors has decided to begin preparations for a new share issue.”
Operating results for the first 9M of 2009
9M results - Key Figures (see attachment)
Sales of goods and services amounted to ISK 10,339 million (m) in the first 9M
of 2009, compared to ISK 10,918m in the previous year, or a YoY contraction in
turnover of 5.3%. Income from activities in Iceland amounted to ISK 6,960m and
income of foreign subsidiaries ISK 3,379m.
Salaries and related expenses were ISK 4,520m, compared to ISK 4,345m for the
same period the previous year. As a result of exchange rate movements, salaries
of employees abroad have risen 46% in ISK terms during the first 9M of 2009
compared with the same period of 2008, or by ISK 648m. The average number of
full-time equivalent positions in the first 9M of 2009 was 598, compared to 714
during the same period of 2008. Operating expense was ISK 1,484m, compared to
ISK 1,140m during the same period of 2008. EBITDA was negative by ISK 9m during
the first three quarters, compared with a positive EBITDA of ISK 393m in 2008.
Net financial expense was ISK 504m, compared to ISK 1,058m in the same period
of 2008. The loss in the first 9M of 2009 was ISK 914m, compared to a loss of
ISK 694m during the first 9M of 2008. The final loss on the period was ISK
178m, compared to a final loss of ISK 499m during the first nine months of
2008.
Balance sheet as of 30 September 2009 - Key figures (See attachment)
At the end of the period total assets amounted to ISK 10,058m, compared to ISK
9,952m at year-end 2008. Non-current liabilities have decreased from ISK 2,669m
to ISK 2,379 since year-end 2008. Current liabilities have increased from ISK
5,319m to ISK 5,895 since year-end 2008. Equity amounted to ISK 1,785m at the
end of September and the equity ratio was 17.8% at the end of Q3 compared to
19.7% at the end of last year.
Operating outcome in Q3 2009
Quarterly results - Key Figures (see attachment)
Sales of goods and services amounted to ISK 3,301m in Q3 2009, compared to ISK
3,664m during the same quarter of the previous year, or a YoY drop of 9.9% for
the quarter.
Salaries and related expenses were ISK 1,357m, compared to ISK 1,426m for the
same period the previous year. The total number of full-time equivalent
positions was 628 at the end of Q2 compared to 721 for the same period the
previous year. Due to exchange rate movements, salaries of foreign employees
have risen by 43% in ISK terms over those of Q3 2008, or by ISK 197m.
Operating costs totalled ISK 527m in Q3 2009, compared to ISK 361m in the same
quarter of 2008. EBITDA was positive by ISK 107m during the quarter, compared
to a positive figure of ISK 125m for the third quarter of 2008.
Net financial cost was ISK 171m, compared to ISK 389m in the third quarter of
2008. Final loss for the quarter was ISK 107m, whereas in Q3 2008 the final
loss amounted to ISK 258m.
Summary of Q3 operations
Nýherji's software sales were well above estimates in Q3 and considerably
better than in Q3 last year. Sales of servers are slightly below forecasts, as
the market has contracted substantially YoY. Demand for computers and
communications equipment has also fallen. Sales of operating supplies and
accessories to corporates have been good and have risen as the year progresses,
while sales of print solutions are below forecast. Performance of the parent
company Nýherji was positive but below forecast.
Operations of Sense ehf., which specialises in audio-visual solutions and
operates the Sony Center and Sense Center in Kringlan, were successful. Sales
of consumer equipment, e.g. from Canon, Sony and Vivanco, have been stable in
2009. The project pipeline of the company's technical services in Iceland is
back on track and the outlook for Q4 is good.
There was a positive turnaround in Q3 at Skyggnir ehf., which provides
technical and operating services. Projects have grown in number as the period
advanced and demand has increased for various customised services, such as IT
optimization projects. Skyggnir also began to offer managed services in
Denmark, in co-operation with its sister company Dansupport and it is hoped
that this venture will bring positive results in Q4. The improvement in
performance in Q3 gives cause to expect that Q4 performance will be acceptable.
TM Software ehf. has placed greater emphasis on projects abroad due to the drop
in sales of software solutions in Iceland. Due to both the sharp contraction
and difficult operating environment in Iceland, the company reported a loss in
this quarter. The increase in projects abroad, however, reached a sufficient
level in the latter part of Q3 to give reason to expect that the bottom has
been reached and a slow improvement and positive operating performance lies
ahead. Operations of EMR ehf., TM Software's subsidiary specialising in
healthcare-related IT services, performed well during the period. Healthcare
companies and institutions in Iceland have, to a growing extent, been utilising
IT from EMR to increase the cost-efficiency of their activities.
The uncertain market situation in software development has impacted the
operations of Vigor ehf., which has responded by cutting operating expense.
This is expected to deliver an improved performance in Q4. Vigor, which sells
comprehensive business software, has a strong position in serving most of the
country's large energy companies.
Activities of Applicon ehf. returned a good profit in Q3, which is generally
the company's most difficult quarter. Restructuring in H1 this year, together
with strong marketing efforts in Iceland and abroad, have resulted in lower
cost and improved the company's deal flow. Income exceeded expectations, in
particular thanks to projects overseas during the summer months. Almost half of
the quarter's service income resulted from new projects for foreign clients,
and the project pipeline and outlook for Q4 are positive.
Operations at Nýherji's subsidiaries in Denmark and Sweden proceeded at a good
pace. Income of Applicon in Denmark in Q3 was good, as the company holds a
strong position in the Danish market and is working on obtaining additional
contracts for larger Danish companies. Although the Danish IT market has been
stagnant this year, analysts expect growth to pick up in 2010. Operations at
Applicon in Sweden are in line with forecasts. Recently the company has
undertaken projects for several of the largest Nordic banks, Nordea, Swedbank
and Handelsbanken. The outlook for Q4 performance is positive. Close
co-operation between Applicon companies in Denmark, Sweden and Iceland has
resulted in additional projects, for example, for the banks ING in the
Netherlands and Nationwide in the UK.
Dansupport's efforts to lower its operating costs have resulted in improved Q3
performance. Its project flow is acceptable and its Q4 performance is expected
to be positive.
Outlook
Extensive cost cutting, strong marketing efforts and improved utilisation of
consultants and technical personnel have resulted in a turnaround in Nýherji's
operation profit. The aim is to improve operating performance further in Q4
2009 and the outlook for next year is positive.
2009 financial calendar
Scheduled presentation of quarterly results in 2009
4th quarter: 29 January
Approval of quarterly results
The results for Q3 2009 were adopted at a meeting of the Board of Directors of
Nýherji hf. on 23 October 2009. The quarterly financial statements of Nýherji
hf. are prepared in accordance with International Financial Reporting Standards
(IFRS). Translation from foreign subsidiaries has been recognised separately in
the summary of overall performance of the quarterly results, in accordance with
IFRS provisions.
Further information
For further information contact:
Thordur Sverrisson, CEO of Nýherji, tel. +354 893 3630.
Nýherji hf.
Nýherji hf. creates added value for its customers by applying the expertise of
its employees in IT, corporate operations and client needs. The company offers
leading-edge consultancy and professional IT services, together with high
quality computer, office and software solutions and dependable technical and
operating services. The Nýherji Group includes 20 companies with operations in
Iceland and abroad, with a total of 628 full-time equivalent employee
positions. Shares in Nýherji hf. are listed on the OMX Nordic Exchange in
Iceland.
Nýherji's Board of Directors: Benedikt Jóhannesson (Chairman of the Board),
Árni Vilhjálmsson and Guðmundur Jóh. Jónsson. Nýherji's CEO is Thordur
Sverrisson.
Attachment (.pdf) |
| 27.7.2009 16:47 |
- Nýherji's Performance in the First Half of 2009
27.7.2009 16:47- Nýherji's Performance in the First Half of 2009H1 2009 highlights
• Final profit in H1 amounted to ISK 90 million
• Substantial drop in software development and consultancy projects in Iceland
• Operations of foreign subsidiaries generally in line with forecasts
• Revaluation of asset items affects final profit for the period
Thordur Sverrisson, CEO:
“Nýherji's performance fell short of expectations in the first half of 2009,
with the contraction in domestic demand greater than anticipated. Sales of
software development and consultancy services, in particular, have fallen
sharply. On the other hand, sales in certain product classes, such as technical
equipment for the consumer market and operating supplies, have exceeded
forecasts.
Operations of Nýherji's foreign subsidiaries are generally in line with
forecasts Despite the economic recession in Denmark and Sweden, the project
pipeline of Applicon companies in these countries is good. They have renewed
contracts with leading customers as well as adding new projects. The activities
of these companies is important for Nýherji hf. due to the economic and
exchange rate situation in Iceland, since their income comprises around
one-third of total group revenue, a more significant contribution than often
before.
Final profit of Nýherji hf. in the first half of this year amounted to ISK 90
million, as revaluation of asset items had a major impact on performance for
the period.”
Operating results in H1 2009
6M results - Key Figures (See attachment)
Sales of goods and services amounted to ISK 7,037 million (m) in H1 2009,
compared to ISK 7,255m in H1 of the previous year, or a YoY contraction in
turnover of 3%. Income from activities in Iceland amounted to ISK 4,775m and
income from foreign subsidiaries ISK 2,262m.
Salaries and related expenses were ISK 3,164m, compared to ISK 2,919m for the
same period the previous year. Due to exchange rate movements, salaries of
foreign employees have risen by 48% in ISK terms over those of H1 2008, or by
ISK 444m. The average number of full-time equivalent positions in the first 6M
of 2009 was 662, compared to 755 during the same period of 2008. Operating
expense was ISK 1,300m, compared to ISK 954m in H1 2008. EBITDA in H1 2009 was
negative by ISK 117m, compared to a positive figure of ISK 268m in H1 2008.
Net financial cost was ISK 333m, compared to ISK 669m in the first half of
2008. Loss on the period was ISK 793m compared to a loss of ISK 432m during the
first 6M of 2008. Final profit amounted to ISK 90m while total loss in H1 2008
was ISK 298m.
Balance sheet as of 30 June 2009 - Key figures (See attachment)
At the end of the period total assets amounted to ISK 10,173m, compared to ISK
9,952m at year-end 2008. Non-current liabilities have increased from ISK 2,669m
to ISK 2,746 since year-end 2008. Current liabilities have increased from ISK
5,319m to ISK 5,377 since year-end 2008. Equity amounted to ISK 2,050m at the
end of June and the equity ratio was 20.2% compared to 19.7% at the end of last
year.
In Q2 several asset items on the group's balance sheet were revalued. Real
estate and furnishings owned by the company are now recognised at ISK 1,717m.
Furthermore, goodwill arising from assets in subsidiaries was reduced by ISK
180m and a deferred tax credit written down by ISK 150m, for a total of ISK
330m, which explains the increase in write-offs and higher operating loss on
the quarter.
Operating Results in Q2 2009
Quarterly results - Key Figures (See attachment)
Sales of goods and services amounted to ISK 3,479m in Q2 2009, compared to ISK
3,828m during the same quarter of the previous year, or a YoY drop of 9% for
the quarter.
Salaries and related expenses were ISK 1,602m, compared to ISK 1,550m for the
same period the previous year. The total number of full-time equivalent
positions was 644 at the end of Q2 compared to 755 for the same period the
previous year. Due to exchange rate movements, salaries of foreign employees
have risen by 44% in ISK terms over those of Q2 2008, or by ISK 223m.
Operating costs totalled ISK 769m in Q2 2009, compared to ISK 567m in the same
quarter of 2008. EBITDA was negative by ISK 109m during the quarter, compared
to a positive figure of ISK 123m in Q2 2008.
Net financial cost was ISK 257m, compared to ISK 155m in the second quarter of
2008. Final profit for the quarter was ISK 88m, whereas in Q2 2008 the final
loss amounted to ISK 89m.
Business overview
Sales of computers and technical equipment by Nýherji hf., the parent company,
are roughly in line with forecasts. Sales of operating supplies are above
expectations, while demand for communications and network equipment and office
equipment has been lower than anticipated.
The income of Skyggnir ehf., the group's technical services and hosting
company, fell somewhat short of forecast. This can be attributed in part to
fewer projects involving installation of new technical equipment and
postponement of service projects by customers. During the period Skyggnir
signed several new specialist and managed service contracts to ensure more
cost-efficient operation of clients' IT systems. Regular contract income
therefore was in line with estimates and comprised around three-quarters of the
company's total revenue.
Sense ehf. performed acceptably and above estimates at the end of the quarter,
primarily due to strong sales of cameras and technical equipment for the
consumer market. Larger projects in audio and visual solutions are fewer than
previously, but the project pipeline ahead is acceptable.
The very extensive downturn and stagnation which has gripped the Icelandic
economy has resulted in especially difficult conditions for the operation of
software and consultancy companies. Although many customers were intending to
undertake various projects, the uncertain economic situation and limited access
to financing means decisions have been postponed, resulting in a sharp
contraction in projects for software specialists and consultants.
This contraction has hurt the operations of TM Software ehf., reducing hours of
invoiced labour time by several dozen percent and resulting in an operating
loss. To meet this contraction, TM's management and experts have managed to
acquire further software projects abroad, which now comprise over 20% of the
company's income. Operations in H1 2009 were acceptable at EMR ehf., TM
Software's subsidiary specialising in healthcare-related IT. EMR's project
pipeline is good and it has engaged additional employees in response to
increased demand for the company's services.
Applicon ehf. operated at a loss in Q2, like TM Software, due to a large scale
drop in its projects in Iceland. Major changes were made to the activities of
Applicon ehf. during the quarter, including cost-cutting measures and
increasing emphasis on sales of projects abroad. Icelandic experts of Applicon
ehf. currently work in the Netherlands, the UK and Nordic countries and income
from services abroad has grown steadily.
The operations of Vigor ehf., Applicon's subsidiary handling the operations and
service of business software used by most of the country's major energy
companies, are in balance.
Following the banks' collapse, business consulting companies have grown in
number, increasing competition in the field while at the same time specialist
projects have declined in number. These developments have meant an operating
loss at ParX ehf. which has responded to the altered situation by reducing its
operating expenses, which should deliver better results in the latter half of
this year.
Activities at Applicon A/S in Denmark are on target, although the Danish
economic situation is more difficult than often before. Applicon A/S has
concluded new contracts for coming quarters with several of its largest
clients, such as Dong Energy A/S, a leading Danish energy company. The company
has a good project pipeline for the latter half of this year and the outlook is
for a very credible performance, as in preceding years.
Operations at Applicon AB in Sweden were in profit in Q2 and in line with
expectations. The company has continued to build up its activities, for
instance, by concluding a contract with Ålandsbanken, which recently took over
Kaupthing's banking operations in Sweden, to operate the bank's SAP computer
system. At the same time, Applicon hired six of the bank's IT department
employees. Applicon works closely with Sweden's largest banks, including
Nordea, Swedbank and Handelsbanken, in setting up and servicing software
systems. Despite some downturn in the Swedish economy, Applicon's prospects are
good.
The net result of Dansupport A/S in Denmark was negative reflecting the
difficult situation of Danish IT companies in the recession. It has taken
longer than planned to get Dansupport's operations back into balance, but it is
hoped that this will be accomplished in the latter half of 2009.
Operating Environment
At present, some ten months after the economic collapse in Iceland, contraction
continues in the domestic market and high uncertainty prevails as to when and
under what conditions companies will regain their footing and a more normal
operating environment develop. The lengthy delay in recapitalising the banks
and returning them to normal operations, as well as in reaching settlements
with neighbouring countries and foreign creditors on major issues of
contention, is causing continuing damage to business and industry. This
situation delays still further the return of business operations and company
performance to better balance. At Nýherji and many other companies, these
difficulties are reflected, for instance in the following:
• A sudden and pronounced drop in projects, for instance, in the field of
software development and consultancy, has meant a lack of work for specialists
for which, due to the uncertainty, no end is in sight.
• If a turnaround is not effected soon, there is a real danger that the
investment in innovation and development undertaken in past quarters in
software and technology will dissipate and could even be lost in Iceland.
• Well educated and knowledgeable employees have begun transferring to jobs
abroad; around 3% of employees in the Nýherji group have already moved or are
moving to work at IT technology companies abroad, including Nýherji's
subsidiaries.
• Due to the banks' uncertain situation and their weak capital position,
companies have difficulty in financing investment in operational restructuring
which delays possibilities to improve their performance.
• In various sectors, such as IT, the state banks and creditors have taken over
companies' operations and provide stiff competition with other private sector
companies which have not become insolvent.
• State owned companies and institutions have slashed their purchasing of
expert services in various areas and now have in-house employees look after
these tasks, with the result that layoffs are avoided in these companies but
appear at private sector companies.
Iceland has plenty of opportunities for projects abroad, as well as the
potential to attract investment from foreign parties in the country. It is
urgent that the key tasks of reviving the banks and achieving a settlement with
our neighbours be concluded, so that companies can regain their footing and a
turnaround take place in business and industry.
Outlook
The operating environment for Icelandic companies will continue to be
challenging and both Denmark and Sweden are feeling the effects of economic
recession. This means continuing uncertainty regarding Nýherji's domestic
activities, while the prospects for performance of its foreign subsidiaries are
acceptable.
2009 financial calendar
Scheduled presentation of quarterly results in 2009
3rd quarter: 23 October
4th quarter: 29January
Approval of quarterly results
Nýherji's results for Q2 2009 were adopted at a meeting of the company's Board
of Directors on 24 July 2009. The quarterly financial statements of Nýherji
hf. are prepared in accordance with International Financial Reporting Standards
(IFRS). Translation from foreign subsidiaries has been recognised separately in
the summary of overall performance of the quarterly results, in accordance with
IFRS provisions.
Further information
For further information contact:
Thordur Sverrisson, CEO of Nýherji, tel. +354 893 3630.
Nýherji hf.
Nýherji hf. creates added value for its customers by applying the expertise of
its employees in IT, corporate operations and client needs. The company offers
leading-edge consultancy and professional IT services, together with high
quality computer, office and software solutions and dependable technical and
operating services. The Nýherji Group includes 20 companies with operations in
Iceland and abroad, with a total of 644 full-time equivalent employee
positions. Shares in Nýherji hf. are listed on the OMX Nordic Exchange in
Iceland.
Nýherji's Board of Directors: Benedikt Jóhannesson (Chairman of the Board),
Árni Vilhjálmsson and Guðmundur Jóh. Jónsson. Nýherji's CEO is Thordur
Sverrisson.
Attachment (.pdf) |
| 26.5.2009 10:58 | - Date of transaction 26 May 2009 26.5.2009 10:58- Date of transaction 26 May 2009Nafn/Name: Nýherji hf. Dagsetning viðskipta/Date of transaction: 26.5.2009 Kaup eða sala/Buy or Sell: Kaup/Buy Tegund fjármálagernings/Type of instrument: Hlutabréf/Shares Fjöldi hluta/Number of shares: 750.000 Gengi/Verð pr. Hlut/Price: 19,0 Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction: 5.139.225. Dagsetning lokauppgjörs/Date of settlement: 26.5.2009 Ástæður viðskipta/Reason for transaction: 0 |
| 26.5.2009 10:55 | - Date of transaction 26 May 2009 26.5.2009 10:55- Date of transaction 26 May 2009Auðkenni útgefanda/Trade ticker: NYHR Nafn útgefanda/Issuer: Nýherji hf. Dagsetning tilkynningar/Date of announcement: 26.5.2009 Nafn fruminnherja/Name primary insider: Þór Konráðsson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Fjármálastjóri Viðju, dótturfélags Nýherja/Financial manager Vidja, Nyherji´s subsidiary Dagsetning viðskipta/Date of transaction: 26.5.2009 Tímasetning viðskipta/Time of transaction: 10:00 Tegund fjármálagernings/Type of financial instrument: Hlutabréf/Shares Kaup eða sala/Buy or Sell: Sala/Sell Fjöldi hluta/Number of shares: 750.000 Verð pr. Hlut/Price per share: 19,0 Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 365.000 Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: 300.000 Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: 0 Dagsetning lokauppgjörs*/Date of settlement*: 0 Athugasemdir*/Comments*: Sala bréfanna er í tengslum við uppgjör á lánssamningi við Íslandsbanka./Sale to finalize a loan agreement with Islandsbanki. |
| 27.4.2009 11:48 |
- Nýherji's results for Q1 2009
27.4.2009 11:48- Nýherji's results for Q1 2009• Substantial improvement in operating performance from Q4 2008
• Nýherji Group profit of ISK 3 million in Q1
• 1/3 of income originates from successful activities in Denmark and Sweden
• Equity ratio increases and debt decreases in the quarter
• Profit on product sales and operating services
Thordur Sverrisson, CEO:
“The performance of the Nýherji Group in the first quarter of 2009 has improved
significantly over the fourth quarter of 2008. The variety of measures taken in
order to curtail the Group's operating cost in view of the volatility and
uncertainty prevailing in the Icelandic economy has already brought partial
results. In February, a salary reduction of 10% was applied to all employees of
Nýherji hf. and its subsidiaries in Iceland. The number of employees has also
been reduced by 13% from the average number of full-time equivalent positions
last year, affecting technical, software and development work. Software
development projects have also been postponed. These actions will result in a
further reduction in operating cost in Q2.
The performance of Nýherji hf. and its Icelandic subsidiaries providing
operating and technical services, as well as product sales, in Q1 was positive.
Activities of foreign companies overall are close to forecasts. The economic
climate of Nýherji's subsidiaries in Denmark and Sweden is steady and the
outlook good. On the other hand, demand for services of business software,
software solutions and consultancy in Iceland has contracted considerably. The
Nýherji Group therefore returned a profit of ISK 3 million in Q1 2009.”
Further information
For further information contact:
Thordur Sverrisson, CEO of Nýherji, tel. +354 893 3630.
Attachment (.pdf) |
| 10.2.2009 10:00 | - Results of the AGM of Nýherji hf. on 6 February 2009... 10.2.2009 10:00- Results of the AGM of Nýherji hf. on 6 February 2009The following motions were approved at the company's AGM, held in the conference hall of Nýherji's offices at Borgartún 37, at 4:00 pm on 6 February 2009: 1. The company's annual financial statements were submitted and adopted unanimously. 2. A motion submitted to the meeting providing for payment of a dividend of 20%. In his address, the Chairman of the Board explained that the company's banks had commented on the payment of a dividend, given the current serious economic situation. In view of this fact, the Chairman moved that the motion be amended and that no dividend be paid for the 2008 operating year. The Chairman's motion was approved unanimously. 3. A motion was adopted proposing that compensation paid to the Board for the 2008 operating year be as follows: to the Chairman of the Board, ISK 2,550,000; to other directors, ISK 850,000; and to alternates, ISK 63,000 for each meeting attended. 4. It was agreed that the Board of Directors for the coming operating year will be composed of the following: Benedikt Jóhannesson, Árni Vilhjálmsson and Guðmundur Jóh. Jónsson and Jafet S. Ólafsson as alternate. 5. The motion that KPMG hf. be elected as the company's auditor was adopted. 6. A motion was adopted authorising purchase by the company of own shares, as provided for in Art. 55 of the Act on Public Limited Companies, providing for the Board to acquire up to 10% of the nominal value of the company's share capital, cf. Chapter VIII of the Act on Public Limited Companies, No. 2/1995. The purchase price of such shares shall not be more than 20% above or below the latest listed share price on OMX Nordic Exchange in Iceland. The authorisation shall be valid for up to 18 months. The new Board of Directors decided on the division of its tasks at a Board meeting held directly following the AGM. Benedikt Jóhannesson shall serve as Chairman of the Board. Árni Vilhjálmsson was elected Vice-chairman. Financial Calendar for 2009 The estimated dates of publication of interim and annual financial statements for 2009 are as follows: Q1 2009 results 24 April 2009 Q2 2009 results 24 July 2009 Q3 2009 results 23 October 2009 Q4 and annual 2009 results 29 January 2010 Annual General Meeting 12 February 2010 |
| 4.2.2009 13:34 | - Annual General Meeting - 6 February 2009 4.2.2009 13:34- Annual General Meeting - 6 February 2009Nýherji's Annual General Meeting (AGM) will be held on Friday, 6 February 2009, in the conference hall of the company's headquarters at Borgartún 37, commencing at 4:00 pm. The agenda for the meeting is as follows: 1. Regular AGM business as prescribed by Art 4.5 of the company's Articles of Association. 2. Motion authorising purchase by the company of own shares, as provided for in Art. 55 of the Act on Public Limited Companies: The Annual General Meeting of Nýherji hf., held on 6 February 2009, hereby approves an authorisation to the company's Board of Directors to acquire up to 10% of the nominal value of the company's shares, cf. Chapter VIII of the Act on Public Limited Companies, No. 2/1995. The purchase price of shares shall not be more than 20% above or below their latest listed share price on OMX Nordic Exchange in Iceland. The authorisation shall be valid for up to 18 months. 3. Motion on the disposition of profit: The company's Board of Directors moves that shareholders be paid a dividend of ISK 0.20 per share for the 2008 operating year, or ISK 55,122,155. In other respects, reference is made to the annual financial statements concerning disposal of profit and other changes to equity accounts. Dividends will be paid on 30 March 2009 based on shareholders' holdings as of the record date, Wednesday, 11 February. Ex-dividend transactions commence on 9 February 2009. Payment of dividends will be made 30 days after the record date, in accordance with the company's payment schedule. 4. Motion on compensation to the Board of Directors: A motion has been submitted to reduce the salaries paid to Directors by 10%, making salaries of Nýherji's Directors and their alternates for 2008 as follows: Chairman of the Board: ISK 2,550,000; Directors: ISK 850,000; alternates: ISK 63,000 for each meeting attended. 5. Other matters, raised in the prescribed manner. Ballots and documents will be presented at the meeting location. Shareholders unable to attend the meeting, who intend to appoint proxies, must do so in writing. The annual financial statements and motions submitted to the AGM will be made accessible on the company's website: www.nyherji.is, on 30 January 2009. CANDIDATES FOR ELECTION to the Board of Directors of Nýherji hf. at the company's AGM on 6 February 2009 The following individuals, all of whom were Directors during the past year, have agreed to stand for election to Nýherji's Board of Directors, to be elected at the company's upcoming AGM. DIRECTORS Árni Vilhjálmsson, Id. No. 110532-3509, Hlyngerði 10, 108 Reykjavík Positions held: Current positions include that of Chairman of the Board or Director in the company's HB Grandi hf., Hampiðjan hf., Hvalur hf., Fiskveiðahlutafélagið Venus hf., Nýherji hf. and others. Previously held a professorship in the Faculty of Commerce of the University of Iceland (UI), in addition to other employment and duties. Education: Cand. oecon. from the UI Faculty of Commerce, AM in economics from Harvard University Shareholding and connections: The Director's holding is ISK 400, 000. He has no interests connected with customers or competitors. Chairman of the Board of Vænting hf., which holds 28.5% of Nýherji's share capital. Benedikt Jóhannesson, Id. No. 040555-2699, Selvogsgrunnur 27, 104 Reykjavík. Positions held: Currently the MD of Talnakönnun hf. and Heimur hf., in addition to serving as Chairman of the Board and as a director of companies including Nýherji hf., N1 and NBT hf. Previously a director of Sjóvá-Almennar Insurance hf. and others. Education: PhD in mathematics and statistics, MS in statistics, BS in mathematics and economics Shareholding and connections: The Director's holding is ISK 13,343,947. He has no interests connected with major customers or competitors. A Director of the investment company Áning-fjárfestingar ehf., which holds 13.3% of Nýherji's share capital. Guðmundur Jóh. Jónsson, Id. No. 041159 2439, Álfhólsvegur 101, 200 Kópavogur. Positions held: MD of Vörður hf. insurance company, current Director of Nýherji Education: BComm from Seattle University, MBA from University of Edinburgh Shareholding and connections: The Director's holding is ISK 534,218. He has no interests connected with customers or competitors. ALTERNATES Jafet S. Ólafsson, Id. No. 290451-4699, Langagerði 26, 108 Reykjavík Positions held: MD of investment company Veigar fjárfestingarfélag. Prior to that MD of VBS investment bank (previously securities dealer Verðbréfastofan) for 10 years. Education: Graduate of the Commercial College of Iceland 1973. Cand. oecon. from UI 1977 Shareholding and connections: Shareholding: ISK 5,760,205 He has no interests connected with customers or competitors. |
| 4.2.2009 13:29 | - Comment from the Auditors 4.2.2009 13:29- Comment from the AuditorsThe annual financial statements of Nýherji hf. for 2008 were published on 30 January and, as usual, have been endorsed without reservation by the company's auditors. In 2008 the ISK exchange rate dropped very substantially and the company's liabilities linked to foreign currencies have increased accordingly. As a consequence thereof, the company no longer satisfies the covenants in loan agreements specifying a minimum capital ratio or operating profit ratio. The company's annual report includes a comment from its auditors, referring to Note 19, where this is explained. Discussions held by company management with credit institutions on extending its loans are well advanced. Internal restructuring of the Nýherji group, together with the altered situation of the commercial banks, has delayed the negotiations, but the parties expect to achieve a positive result at the beginning of next month. |
| 27.1.2009 13:21 |
Nýherji hf. - 2008 Results
27.1.2009 13:21Nýherji hf. - 2008 ResultsHighlights of 2008 results
• Sales of goods and services totalled ISK 14,650 million (m), a YoY increase
of 30%.
• The loss for the year amounts to ISK 1,201m compared with a profit of ISK
420m in 2007.
• Revenue from operations abroad was ISK 3,517m, or 24% of total operating
revenue.
• A new business model for the Nýherji Group was introduced in Q4 2008.
• The hosting and managed services of TM Software hf. were merged with
Nýherji's technical service departments as Skyggnir ehf.
Publication of annual financial statements
According to the new rules of OMX Nordic Exchange in Iceland, the company now
publishes the principal results of its income statement and balance sheet. The
2008 annual results were discussed at meeting of the Board of Directors of
Nýherji hf. on 23 January 2009 but, in accordance with the new rules, have not
yet been endorsed by the Board and the company's auditors. The final 2008
annual financial statements will be submitted to the Board of Directors and
auditors for endorsement on 30 January and published that same day. The annual
results have been prepared in accordance with International Financial Reporting
Standards (IFRS).
Þórður Sverrisson, CEO:
“Nýherji's operations and performance in Q4 reflect the sudden tumultuous
changes to the operating environment of Icelandic companies after the collapse
of the Icelandic financial sector and the massive depreciation of the Icelandic
krona (ISK). The abrupt transformation of the economic environment had a major
impact on operations, resulting in a Q4 loss of ISK 507m and losses for the
year amounting to ISK 1,201m.
In October, Nýherji introduced a variety of cost-cutting measures to improve
the operations of the parent company and subsidiaries, including employee wage
reductions of 10% from 1 February and postponement of further software
development projects both in Iceland and abroad. The actions announced are
estimated to result in operating cost reductions of over ISK 600m in 2009 for
the Group in Iceland.”
Attachment (.pdf) Attachment (.pdf) |
| 21.1.2009 15:43 |
- Annual General Meeting of Nyherji will be held Friday 6 February 2009 at 16:00...
21.1.2009 15:43- Annual General Meeting of Nyherji will be held Friday 6 February 2009 at 16:00See attachment.
Attachment (.pdf) |
| 30.12.2008 15:22 | - Date of transaction 30.12.2008 30.12.2008 15:22- Date of transaction 30.12.2008Nafn/Name: Nýherji hf. Dagsetning viðskipta/Date of transaction: 30.12.2008 Kaup eða sala/Buy or Sell: Kaup/Buy Tegund fjármálagernings/Type of instrument: Hlutabréf/Shares Fjöldi hluta/Number of shares: 350.000 Gengi/Verð pr. Hlut/Price: 20,0 Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction: 4.389.225 Dagsetning lokauppgjörs/Date of settlement: 0 Ástæður viðskipta/Reason for transaction: 0 |
| 23.12.2008 15:15 | - Date of transaction 23.12.2008 23.12.2008 15:15- Date of transaction 23.12.2008Auðkenni útgefanda/Trade ticker: NYHR Nafn útgefanda/Issuer: Nýherji hf. Dagsetning tilkynningar/Date of announcement: 23.12.2008 Nafn fruminnherja/Name primary insider: Benedikt Jóhannesson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Stjórnarformaður/Chairman of Board of Directors Dagsetning viðskipta/Date of transaction: 23.12.2008 Tímasetning viðskipta/Time of transaction: 15:15 Tegund fjármálagernings/Type of financial instrument: Hlutabréf/Shares Kaup eða sala/Buy or Sell: Sala/Sell Fjöldi hluta/Number of shares: 11.111.111 Verð pr. Hlut/Price per share: 18,0 Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 13.343.947 Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: 43.721.509 Dagsetning lokauppgjörs*/Date of settlement*: 0 Athugasemdir*/Comments*: 0 |
| 23.12.2008 15:15 | - Date of transaction 23.12.2008 23.12.2008 15:15- Date of transaction 23.12.2008Auðkenni útgefanda/Trade ticker: NYHR Nafn útgefanda/Issuer: Nýherji hf. Dagsetning tilkynningar/Date of announcement 23.12.2008 Nafn fjárhagslega tengds aðila sem á viðskipti/Name of related party trading the shares: Audur Invest Holding SA Nafn fruminnherja/Name primary insider: Þórður Sverrisson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Forstjóri Nýherja hf./Managing Director - Nyherji hf. Dagsetning viðskipta/Date of transaction: 23.12.2008 Tímasetning viðskipta/Time of transaction: Kl. 15:15 Tegund fjármálagernings/Type of financial instrument: Hlutabréf/Shares Kaup eða sala/Buy or Sell: Sala/Sell Fjöldi hluta/Number of shares: 3.333.334 Verð pr. Hlut/Price per share: 18,0 Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 6.033.172 Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: 0 Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: 40.357.716 ( 2.978.480 - Audur Invest Holding SA og 37.379.236 Áning-fjárfestingar ehf.) Dagsetning lokauppgjörs*/Date of settlement*: 0 Athugasemdir*/Comments*: 0 |
| 23.12.2008 15:15 |
- Date of transaction 23.12.2008
23.12.2008 15:15- Date of transaction 23.12.2008See attachment.
Attachment (.doc) |
| 23.12.2008 08:10 | - Date of transaction 22.12.2008 23.12.2008 08:10- Date of transaction 22.12.2008See attachment. |
| 23.12.2008 08:10 | - Date of transaction 22.12.2008 23.12.2008 08:10- Date of transaction 22.12.2008Auðkenni útgefanda/Trade ticker: NYHR Nafn útgefanda/Issuer: Nýherji hf. Dagsetning tilkynningar/Date of announcement 22.12.2008 Nafn fjárhagslega tengds aðila sem á viðskipti/Name of related party trading the shares: Vænting hf. Nafn fruminnherja/Name primary insider: Árni Vilhjálmsson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Stjórnarmaður í Nýherja/Board Member in Nyherji hf. Stjórnarformaður í Vænting hf./Chairman of the Board of Dir. in Vænting hf. Dagsetning viðskipta/Date of transaction: 22.12.2008 Tímasetning viðskipta/Time of transaction: Kl. 16.30 Tegund fjármálagernings/Type of financial instrument: Hlutabréf/Shares Kaup eða sala/Buy or Sell: Kaup/Buy Fjöldi hluta/Number of shares: 79.857.172 Verð pr. Hlut/Price per share: 20,0 Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 400.000 Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: 0 Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: 79.857.172 Dagsetning lokauppgjörs*/Date of settlement*: 0 Athugasemdir*/Comments*: 0 |
| 23.12.2008 08:10 | - Date of transaction 22.12.2008 23.12.2008 08:10- Date of transaction 22.12.2008Auðkenni útgefanda/Trade ticker: NYHR Nafn útgefanda/Issuer: Nýherji hf. Dagsetning tilkynningar/Date of announcement 22.12.2008 Nafn fjárhagslega tengds aðila sem á viðskipti/Name of related party trading the shares: Vogun hf. Nafn fruminnherja/Name primary insider: Árni Vilhjálmsson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Stjórnarmaður í Nýherja/Board Member in Nyherji hf. Stjórnarformaður í Vogun hf./Chairman of the Board of Dir. in Vogun hf. Dagsetning viðskipta/Date of transaction: 22.12.2008 Tímasetning viðskipta/Time of transaction: Kl. 16.30 Tegund fjármálagernings/Type of financial instrument: Hlutabréf/Shares Kaup eða sala/Buy or Sell: Sala/Sell Fjöldi hluta/Number of shares: 79.857.172 Verð pr. Hlut/Price per share: 20,0 Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 400.000 Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: 0 Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: 0 Dagsetning lokauppgjörs*/Date of settlement*: 0 Athugasemdir*/Comments*: 0 |
| 23.12.2008 08:10 |
- Date of transaction 22.12.2008
23.12.2008 08:10- Date of transaction 22.12.2008See attachment.
Attachment (.doc) Attachment (.doc) |
| 1.12.2008 11:39 | - Date of transaction 1 December 2008 1.12.2008 11:39- Date of transaction 1 December 2008Auðkenni útgefanda/Trade ticker: NYHR Nafn útgefanda/Issuer: Nýherji hf. Dagsetning tilkynningar/Date of announcement 01.12.2008 Nafn fjárhagslega tengds aðila sem á viðskipti/Name of related party trading the shares: Vogun hf. Nafn fruminnherja/Name primary insider: Árni Vilhjálmsson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Stjórnarmaður í Nýherja/Board Member in Nyherji hf. Stjórnarformaður í Vogun hf./Chairman of the Board of Dir. in Vogun hf. Dagsetning viðskipta/Date of transaction: 01.12.2008 Tímasetning viðskipta/Time of transaction: Kl. 11:30 Tegund fjármálagernings/Type of financial instrument: Hlutabréf/Shares Kaup eða sala/Buy or Sell: Kaup/Buy Fjöldi hluta/Number of shares: 1.909.091 Verð pr. Hlut/Price per share: 20,0 Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 400.000 Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: 0 Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: 79.857.172 Dagsetning lokauppgjörs*/Date of settlement*: 0 Athugasemdir*/Comments*: 0 |
| 3.11.2008 08:42 |
- Nýherji Third Quarter Report 2008
3.11.2008 08:42- Nýherji Third Quarter Report 2008Key results for the first nine months of 2008
• Sales of goods and services amounted to ISK 10,729m, an increase of 38% over
the same period in 2007.
• EBITDA: ISK 393m compared to ISK 489 in 2007.
• The equity ratio is 25% despite currency losses amounting to ISK 730m.
• Losses year-to-date in 2008 amount to ISK 694m compared with a profit of ISK
302m for the same period in 2007.
• The implementation of a new business model has been initiated, which will
generate economies and increase the specialisation of subsidiaries.
Message from Thórdur Sverrisson, Managing Director:
“Nýherji's core business operations evolved much as anticipated during the
quarter and provided satisfactory returns over the first nine months of 2008.
The same applies to a part of the group's subsidiaries in Iceland and software
divisions overseas. Income from Nýherji's overseas subsidiaries is currently
22% of the group's net income, contributing to stability in the company's
operations.
The new business model for the Nýherji group, under development since the
spring, was unveiled at the beginning of October. Its implementation will be
completed in November. The goal is to sharpen the focus on customer services,
by specialising subsidiaries in defined areas and generating economies in the
company's operations.
Nýherji's operations are multifaceted and diversified, its financial position
is sound and its equity ratio is 25.4% despite an ISK 730m charge from currency
losses during the year.”
Sales of goods and services amounted to over ISK 10,729m during the first 9
months of 2008, as compared to ISK 7,776m for the same period in 2007. Sales,
therefore, have increased by 38%. Revenue from the operation in Iceland
amounted to ISK 8,396m and revenue from subsidiaries abroad was ISK 2,333m.
Salary and salary-related expenses were ISK 4,345m compared to ISK 2,382m for
the same period last year. The average number of full-time equivalent positions
during the first nine months was 714. The increase in salaries is due to the
considerable growth in the number of employees and also to the increased
payroll costs for overseas employees reported in Icelandic króna.
Operating expenses totalled ISK 1,197m during the first nine months of 2008, up
from ISK 652m for the same period last year. Earnings before interest, tax and
depreciation (EBITDA) were ISK 393m for the period, compared to ISK 489m in
2007.
Net financial expenses totalled ISK 1,058m, compared to net financial income of
ISK 47m for the same period last year. Higher financial expenses were due to a
58% depreciation of the Icelandic króna during the period and increased debt
due to recent acquisitions. Losses during the first nine months of the year
amounted to ISK 694m while profits for the same period last year amounted to
ISK 302m.
Total assets at the end of Q3 2008 were ISK 9,142m compared to ISK 5,661m at
the end of 2007. Non-current liabilities increased from ISK 1,180m at year end
to ISK 2,586m at the end of September, while current liabilities increased from
ISK 2,716m to ISK 4,259m over the same period. Equity increased by 32% over the
9-month period, standing at ISK 2,324m at 30.09.2008. This increase is due,
among other things, to the issue of new shares in April. However, losses since
the beginning of the year reduced the total amount of equity raised.
Sales of goods and services in the third quarter amounted to ISK 3,600m,
representing an increase of 42% compared to ISK 2,750m for the same period last
year. Sales, therefore, have increased by 31% from Q3 last year.
Salary and salary-related expenses were ISK 1,426m compared to ISK 770m for the
same period last year. The total number of full-time equivalent positions at
the end of the period was 721.
Operating expenses amounted to ISK 361m in Q3 2008, up from ISK 217m in Q3
2007. Earnings before interest, tax and depreciation (EBITDA) were ISK 125m for
the period, compared to ISK 188m for the same period in 2007.
Net financial expenses over the period amounted to ISK 389m, compared to ISK
57m the previous year. Losses over the quarter amounted to ISK 262m, compared
to a profit of ISK 93m for Q3 2007.
Business Overview
A new business model for the Nýherji group was unveiled at the beginning of
October and will be implemented in November. The model will be used to sharpen
the focus and emphasis on selected specialisations and thereby ensure greater
flexibility and opportunities for subsidiaries. Additional benefits include
economies on expenses and synergy in sales activities.
Nýherji will be the parent company of six main subsidiaries. Moreover, Nýherji
will be responsible for the sales and logistics of computer and technical
equipment.
Nýherji's main subsidiaries after the changes are:
• Skyggnir ehf., specialising in the field of IT optimisation, unified
communications and outsourcing services;
• Sense ehf., for digital solutions, such as for audio and video equipment;
• TM Software ehf., focusing on software development and software integration;
• Applicon ehf., focusing on business software, financial solutions and
specialised sector-based solutions;
• A new company to be established for the entire group's joint support
services;
• ParX ehf. which will continue to specialise in the field of business
consultancy.
A portion of the operation will move to Urdarhvarf 6 in Kópavogur, where TM
Software is currently located, although the company will continue to have
operations in Nyherji's premises at Borgartún 37.
The operational performance of Nýherji's core business has been very
satisfactory over the year so far and results are, for the most part, in line
with projections. Sales in the areas of servers, storage solutions and in the
design and development of data centers have been quite good. Furthermore, there
has been considerable demand for communications solutions, such as IP telephony
and teleconferencing solutions, as well as hosting services. Sales of printing
solutions have been in line with projections. However, PC sales are down from
the same time in 2007.
The results of the Applicon companies are positive, particularly at Applicon AB
in Sweden and Applicon A/S in Denmark. The project pipeline in these companies
is good and in tune with expectations. However, the operation of Applicon ehf.
in Iceland has proven difficult. Moreover, the operation of Applicon Solutions
A/S in Denmark and Applicon Solutions Ltd. in the U.K. returned losses.
The operation of Dansupport A/S in Denmark has undergone restructuring,
resulting in good sales projections and the expectation that this operation
will reach a break even point by the end of the year.
The software development operations of TM Software have returned acceptable
results. However, work is underway on various changes in its outsourcing
services aimed at improving the company's results. Among other things, Skyggnir
will be operated as a separate company and the activities of Nýherji's
technical departments will be transferred to the new company. This change will
open up many opportunities for the company, such as projects overseas.
Prospects
The business outlook in Iceland is not as clear as it has been. Greater
uncertainty is due to changes in the operation of commercial banks and
circumstances on financial markets. Although there may be a downturn in sales
in the domestic market, service income remains more or less stable. In
addition, the income and results of Nýherji's overseas subsidiaries is quite
good. Due to uncertainty, the Q4 results of the Nýherji group may now be
expected to be somewhat below original projections. Changes in circumstances
will be met with streamlining activities. It must be emphasised that the
foundations of Nýherji's operation are sound and leverage is moderate. However,
given the current economic situation, it is very difficult provide reliable
projections for operational results over the coming months.
Approval of the interim financial report
The Q3 2008 interim financial report for Nýherji hf. was approved at a meeting
of the Board of Directors on 22 October. The interim financial report is
prepared in accordance with IFRS.
2008 Financial Calendar
Proposed publication of interim financial statements for 2008
Fourth quarter: 23 January 2009
Nýherji Annual General Meeting 2009: 6 February 2009
Further information
Further details are available from:
Thórdur Sverrisson, Managing Director of Nýherji, telephone: +354 893 3630.
Nýherji hf
Nyherji's role is to create added value for its customers through the expertise
of its staff in IT and business operations and their understanding of client
requirements. Nýherji offers first class IT consultancy and professional
services as well as quality software, computer and office equipment and
reliable technical and business consultancy services. Subsidiaries of the
Nýherji group number 20, both in Iceland and abroad and the total number of
full-time equivalent positions is 721. Nýherji hf.'s shares are listed on OMX
Nordic Exchange Iceland.
Nýherji Board of Directors: Benedikt Jóhannesson, Chairman, Árni Vilhjálmsson
and Gudmundur Jóh. Jónsson. Thórdur Sverrisson is the Managing Director of
Nýherji.
Attachment (.pdf) |
| 31.10.2008 15:42 | - New business model for Nyherji 31.10.2008 15:42- New business model for NyherjiThe Board of Directors of Nyherji has decided to adopt a new business model and structure for the company. The goal is to sharpen the company's focus by clearly defining the specialisations of its subsidiaries in particular fields while integrating and increasing efficiency in company operations. The principal changes are as follows: • Nyherji hf. will be the parent company of six main subsidiaries. Nyherji hf. will also be responsible for sales and product development of computer and technical equipment. • Each subsidiary will specialise in a defined area of services, software or consultancy, with the goal of meeting client needs in that specialist field. • The subsidiaries will be: o Skyggnir ehf., specialising in the field of IT systems optimisation, communications solutions integration and operating services. o Sense ehf., for digital solutions, such as for audio and video equipment. o TM Software ehf., focusing on more extensive software development and systems integration. o Applicon ehf., focusing on business software, financial solutions and specialised sector-based solutions. o A new company will be established for the entire group's joint support services and will, in the future, offer such services to other clients. o ParX ehf., which will continue to specialise in the field of quality business consultancy. • The operation will, for the most part, move to Urdarhvarf 6 in Kópavogur, where TM Software is currently located, although the company will continue to have operations in Nyherji's premises at Borgartún 37. • The new business model of the Nyherji group will be implemented in November. The principal tasks of the employees of Nýherji and its subsidiaries involve working closely with clients in achieving greater flexibility, lowering costs or other benefits in their operation. The changes mean that focus on these goals will be sharpened even further to ensure that employees achieve optimal results in co-operation with clients. Nyherji has a staff of around 550, 500 of whom are employed by its subsidiaries and 50 in the parent company. Overseas employees number approximately 180 and, as a result, there are a total of around 730 people working for Nyherji and its subsidiaries. Important step in Nyherji's development Since it was established in 1992, Nyherji has been one of Iceland's most dynamic companies in the field of information technology. The company emerged as a result of the merger of IBM á Íslandi and Skrifstofuvélar-Sund hf. It has been listed on the stock exchange in Iceland since 1997. The last few years have seen significant changes in Nyherji's operations based, on the one hand, on the company's policy of expansion through the acquisition of technology, consultancy and software companies and, on the other hand, on the substantial internal growth of the company's core operations. In October 2005, Nyherji acquired the Danish company Applicon AS, a specialist consulting company in the field of SAP software. At the same time, Nyherji's own consultancy work in SAP and related software here in Iceland was transferred to a separate subsidiary, Applicon ehf. In March 2007, Nyherji bought the company Link ehf., which subsequently took over the Sony Setrid in Kringlan. Around that time, the Sense retail outlet opened, offering digital solutions and equipment for homes and companies. In January 2008, Applicon in Sweden contracted to buy the company Marquardt & Partners AB, which later merged with Applicon in Sweden to form an organisation with almost 40 consultants. An Applicon company was established in the UK offering SAP consulting. At the end of January this year, Nyherji signed an agreement to acquire the company TM Software hf. which, along with subsidiaries offers a diverse range of solutions in the field of operational services and software. TM Software hf., with its workforce of 230, is located in the new buildings at Urdarhvarf 6 in Kópavogur. The wide range of operations now provided by Nyherji and its subsidiaries in Iceland brings a need for changes in the business model and structure of the Nyherji group. The objective of the changes is to operate separate companies that focus on customer needs in well-defined and demarcated fields. In the Nyherji group's business model, each subsidiary provides quality solutions and specialist knowledge to meet the needs of customers and implements those solutions in a satisfactory manner for each client. Companies in the new business model: 1. Nyherji hf. will operate as the parent company with six main subsidiaries in Iceland along with other subsidiaries abroad. The company will also sell computers and related equipment from leading manufacturers such as IBM, Lenovo, Avaya, Canon, Cisco and others, as previously. Nyherji will have a staff of 50. Nyherji's senior executives are: Thórdur Sverrisson, Managing Director of Nyherji and Chairman of the Boards of the company's main subsidiaries. Thórdur has been Managing Director of Nyherji since 1 April 2001. His previous position was Director of Transport for Hf. Eimskipafélags Íslands. He holds a degree in business administration from the University of Iceland and postgraduate qualifications from Gothenburg University. Emil Einarsson will be Director of Sales and Marketing and therefore responsible for supply and services at Nyherji. He will also co-ordinate commercial links with the group's largest customers. Emil has been Director of Sales at Nyherji hf. since 2005. He has worked for the company since it was established in 1992, and before that he worked for IBM á Íslandi. He holds a degree in business administration from the University of Iceland, and an MBA from George Washington University. Gudmar Gudmundsson is Director of Finances for the parent company and all subsidiaries. Gudmar has been Director of Finance for TM Software hf. since 1999. Gudmar has a business administration degree from the University of Iceland. In addition to his position as Director of Custom Solutions for Skyggnir ehf., Thorvaldur Jacobsen will work on foreign commercial development for Nýherji and Skyggnir. He sits on the board of Dansupport A/S, and will be responsible for co-ordinating and developing co-operation between the different companies. Nyherji hf. expects earnings to be approximately ISK 3.5bn with a staff of 50. Nyherji hf. operations will be based at Urdarhvarf 6. 2. Skyggnir ehf. has provided hosting and operating services. All technical and services departments currently operating within Nyherji will be transferred to Skyggnir ehf. The company will specialise in meeting the needs of clients in the form of consulting, hosting and operation services, and equipment installation and maintenance services. Skyggnir's aim is to create unsurpassed operational and service-oriented benefits for clients from IT solutions. Nyherji's server services, network and telecom services, workshop and software services will be moved there. Nyherji's senior executives are: Fridrik Th. Snorrason will be Managing Director of Skyggnir ehf. He has worked for Nyherji since 2003, most recently as Director of Business Development. Before that he was Marketing Manager for the company. Fridrik has an MSc in international relations from the London School of Economics and a BA in the same subject from the University of Wisconsin in Madison. Thorvaldur Jacobsen will be Director of the Custom Solutions Department. Thorvaldur has worked for Nyherji since 2002, becoming Director of Core Solutions in 2005. His previous position was Sales Manager for Teymi hf. and Opin Kerfi hf. He holds a degree in electrical engineering and a BSc in computer science from the University of Iceland, and an MSc in engineering from the University of Texas in Austin. The Director of Operational Services will be Sigurdur Thórarinsson, who has worked for TM Software since 2004. Sigurdur has an MSc in industrial engineering from the University of Washington and in mechanical and industrial engineering from the University of Iceland. Skyggnir ehf. expects earnings to be approximately ISK 2.5bn with a staff of 210. Skyggnir hf. operations will be based at Urdarhvarf 6. 3. Sense ehf. All Links ehf. business and Nyherji operations that have been carried out under the Sense brand will now become part of Sense ehf. Sense will run consulting and design departments, technical services and a similarly named retail outlet in Hlídarsmári. The Sony Setrid in Kringlan, a distribution centre and sales department in Akralind. The company acts as commercial agent for Sony, NEC, Panasonic and Creston control equipment, and handles sales and distribution of their products along with products from Canon, Bose and others for individuals, companies and resellers. One of Sense's principal objectives is to design and develop comprehensive technological solutions that are simple to use. Erling Ásgeirsson will be Managing Director of Sense ehf. He was formerly Nyherji's Director of User Solutions, and has been a senior manager since 1992. Erling's previous position was as a technology specialist for IBM á Íslandi. He has electronics qualifications. Sense ehf. expects annual income to be approximately ISK 2bn with a staff of 40. Sense will be based at Hlídarsmári 3 and Akralind 8, Kópavogur. 4. TM Software ehf. will merge with Origo ehf. and the company will operate under the name TM Software ehf. In addition, operations involving IBM software within Nyherji and part of Microsoft services at Applicon and Skyggnir will be transferred to TM Software. TM Software specialises in providing its clients with custom solutions, network solutions and the integration of large software systems. TM Software was established in 1986 under the name TölvuMyndir. Ágúst Einarsson will be Managing Director of TM Software. He has worked for TM Software since 2003, and became leader of the company at the beginning of 2007. Before that, he managed TrackWell Software, SAP and the IBM department at Nyherji. Ágúst holds an MSc in industrial engineering from Aalborg University and a BSc in mechanical engineering from the same university. TM Software has two subsidiaries. eMR ehf. specialises in meeting the needs of clients in the healthcare services field through offering extensive patient registration systems, and server and operation systems for pharmacists. The Managing Director of eMR ehf. is Hákon Sigurhansson. SimDex ehf., a Nyherji subsidiary, will also become a TM Software subsidiary. SimDex has developed and sold specialist software, including telecoms solutions, all around the world. The Managing Director of SimDex ehf. is Agnar Jón Ágústsson. TM Software and its subsidiaries expect their annual income to reach ISK 1.1bn with a staff of over 90 people. TM Software ehf. and its subsidiaries will be based at Urdarhvarf 6. 5. Applicon ehf. specialises in the field of business software and financial solutions built especially on SAP software. Applicon will continue to have a clear vision of fulfilling the needs of its clients for business software and financial solutions built on SAP and related software such as Calypso and Microsoft software. Kristján Jóhannson is Managing Director of Applicon. He was Nyherji's Director of Software Solutions from 1998, and prior to that he was a senior manager for Hf. Eimskipafélag Íslands and an economist dealing with international affairs for VÍS. Kristján holds an MSc and a business administration degree from the University of Aarhus in Denmark. Vigor ehf., a TM Software subsidiary, will become a subsidiary of Applicon ehf., and will continue to offer business software solutions such as software systems for the Icelandic energy sector. The Managing Director of Vigor is Sigurdur Bergsveinsson. Applicon and its subsidiary expect their income to amount to approximately ISK 1.7bn with a staff of more than 90 people. The companies will be based at Borgartún 37. 6. Joint services. A new company will be established to handle all financial and human resources services for Nyherji and its subsidiaries. This company's basic operation will be based on applying the standardised and quantifiable business process Business Process Outsourcing, and the company's plans for the near future include offering this service to other clients that are not part of the group. The company will also manage buildings and canteens for Nýherji and its subsidiaries, and be responsible for operating the company's distribution centre. Thorsteinn Thorsteinsson will be Managing Director of the new company. He was formerly Managing Director of business consultancy ParX ehf. Thorsteinn has worked for ParX and its predecessor IBM Business Consulting Services and for PricewaterhouseCoopers since 1998. Prior to that he worked for Eimskip and also for Danyard Aalborg in Denmark. Thorsteinn holds a master's degree in business administration from Aalborg University. Financial services will be under the management of Thor Konrádsson and Sturla J. Hreinsson will take control of human resources matters. 7. ParX ehf., IBM business consultants, will continue to provide quality business consulting and specialise in fulfilling the needs of clients for advice in the field of policy formulation and management structure, financial, human resources and marketing consultancy. ParX ehf. will continue to work from Borgartún 37. Kristinn Hjálmarsson will be Managing Director of ParX. He has worked for the company and its predecessor IBM Business Consulting Services and PricewaterhouseCoopers since 2000. Kristinn has a master's degree in change management from Hawaii Pacific University and a BA in philosophy from the University of Iceland. No changes to Nyherji's foreign operations No changes will be made to the structure of Nyherji's foreign operations. The company has subsidiaries in Denmark, Sweden and the UK. Denmark: Applicon AS specialises in software consulting and services for SAP business software users, and Applicon Solutions AS develops software solutions in the SAP field. The combined workforce of the two companies is 85. Dansupport AS offers internal computer system services, hosting and related services, similar to the services offered by Skyggnir ehf. Sweden: Applicon Consulting AB specialised in services for financial institutions and banks, especially implementations of SAP and Calypso software. United Kingdom: Applicon Solutions Ltd. in London provides solutions and service for financial institutions and companies with related operations, along with other services. A total of 180 people work for the subsidiaries in the above-mentioned countries, and the total income of the companies is expected to be ISK 2.8bn this year. These changes, which will be implemented in phases during the next few weeks, will be completed by the end of November. The implementation of Nyherji's new business model is an important element in the company's policy to provide quality solutions built on its staff's in-depth knowledge and broad experience in the fields of information technology, business and administration. The company aims to be one of the Nordic countries' leading enterprises in these fields, and these changes are a vital step in that direction. |
| 31.10.2008 15:35 | - New Managing Director at Applicon ehf. 31.10.2008 15:35- New Managing Director at Applicon ehf.The Board of Applicon ehf. has hired Ingimar G. Bjarnason as the Managing Director of Applicon ehf. in Iceland, this will be from immediate effect. Ingimar worked at Nyherji's Sofware Department from February 1998 and continued at Applicon ehf. until August 2006, when he became the Managing Director of Applicon Solutions Ltd. in UK. Ingimar holds a C.Sc degree in Industrial Engineering from the University of Iceland since 1998 and a MBA degree from IESE Business School in Barcelona since 2003. Kristjan Johannsson who has been the Managing Director for Applicon ehf. since it was established in 2006 and earlier Director of the Software Department of Nyherji hf. will now leave the company. The Board of Applicon would like to sincerely thank Kristjan for his contribution to building up the company and wish him all the best in the future. |
| 28.10.2008 15:56 |
- Date of transaction 28.102008
28.10.2008 15:56- Date of transaction 28.102008See attachments.
Attachment (.doc) Attachment (.xls) Attachment (.doc) Attachment (.doc) Attachment (.doc) |
| 28.10.2008 15:45 | - Date of transaction 28.10.2008 28.10.2008 15:45- Date of transaction 28.10.2008Nafn/Name: Nýherji hf. Dagsetning viðskipta/Date of transaction: 28.10.2008 Kaup eða sala/Buy or Sell: Kaup/Buy Tegund fjármálagernings/Type of instrument: Hlutabréf/Shares Fjöldi hluta/Number of shares: 3.584.145 Gengi/Verð pr. Hlut/Price: 21,0 Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction: 4.039.225 Dagsetning lokauppgjörs/Date of settlement: 0 Ástæður viðskipta/Reason for transaction: 0 |
| 18.7.2008 16:52 |
- First Half 2008 Financial Highlights
18.7.2008 16:52- First Half 2008 Financial Highlights• Net income from Nýherji's core business and Applicon's operations outside
Iceland was satisfactory but results for recent investments were below
expectations
• Sales of goods and services: ISK 7,129 million of which 22% came from
operations outside Iceland
• EBITDA: ISK 268 million compared to ISK 302 million in 1H 2007
• Currency losses: ISK 455 million
• Net loss: ISK 432 million compared to ISK 209 million profit in 1H 2007
Message from Thordur Sverrisson, Managing Director:
“The operating and net income from both Nýherji's core business and from
Applicon's operations outside Iceland was satisfactory. Negative returns from
recent investments weighed on results for the quarter, but work will continue
on creating synergies between existing and recently acquired businesses. EBITDA
was lower than last year, because of net losses in certain operating units and
considerable expenses for software development. The continued depreciation of
the krona and high interest rates in Iceland have also had a greater negative
impact on our net income than anticipated.”
See attachment.
Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) |
| 15.5.2008 13:24 | - Date of transaction 8 May 2008 15.5.2008 13:24- Date of transaction 8 May 2008Auðkenni útgefanda/Trade ticker: NYHR Nafn útgefanda/Issuer: Nýherji hf. Dagsetning tilkynningar/Date of announcement: 15.5.2008 Nafn fruminnherja/Name primary insider: Örn D. Jónsson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Varamaður í stjórn / Alternate member of the Board Dagsetning viðskipta/Date of transaction: 8.5.2008 Tímasetning viðskipta/Time of transaction: 11:54 Tegund fjármálagernings/Type of financial instrument: Hlutabréf / Shares Kaup eða sala/Buy or Sell: Sala / Sell Fjöldi hluta/Number of shares: 54.000 Verð pr. Hlut/Price per share: 22,0 Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 213.000 Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: 0 Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: 0 Dagsetning lokauppgjörs*/Date of settlement*: 0 Athugasemdir*/Comments*: 0 |
| 30.4.2008 12:34 |
- CA Managing Director new Manager at Dansupport
30.4.2008 12:34- CA Managing Director new Manager at DansupportOn 1 May 2008, Kim Lave Nielsen will take over the position of Managing
Director of the Dansupport, a Danish subsidiary of the Icelandic Nýherji Group.
Kim Lave Nielsen is to manage the company´s growth in the Danish market.
Dansupport has recruited an experienced member of the profession to continue
the growth of Dansupport in the Danish market. Kim Lave Nielsen is leaving his
position as head of CA to manage Dansupport, a company offering comprehensive
solutions in the field of IT and hosting services for mid-cap companies. Kim
Lave Nielsen replaces Thorvald Jacobsen, who has temporarily acted as the
managing director of Dansupport.
"I am looking forward to taking on the challenge of competing with the leaders
on this market. From my time with CA and Baan and from my time as the Head of
IT at Skandinavisk Tobak, I have both good and bad experiences to bring to the
position, and it will be a pleasure to work in a company with a strong profile
of expertise and scope for self-determination is substantial.
The Icelandic company Nýherji, which employees 740 employees, took over
Dansupport a year ago. The Danish IT company has therefore a strong backer,
which may make all the difference from the other players in the Danish market.
“Through close co-operation with Nýherji, we have access to more than 300
qualified IT experts and can utilise their expertise for Danish customers.
Dansupport's strength lies in being small and open to opportunities and, at the
same time, having a strong support base with easily accessible resources. This
involves, on one hand, understanding the needs of customers, and on the other,
the opportunity to offer highly developed services, integrated networks and the
implementation of software and telephone technology. All carried out speedily
and effectively without any unnecessary complications”, says Kim Lave Nielsen.
Dansupport, with 46 employees, has deep expertise in systems integration. This
Danish company, with branch offices in Odense, Copenhagen and Kolding, is
involved in the implementation and provision of services for IT solutions based
on technology from IBM, Avaya, Cisco and Microsoft.
“Kim has the experience and the character needed to bring Dansupport into a
leading position in the Danish market”, says Thórdur Sverrisson, Managing
Director of Nýherji and Chairman of the Board of Dansupport.
Kim Lave Nielsen has 20 years' experience in IT organisation and management. At
CA he was responsible for 130 employees, and over the past 5 years he has
played an important role in the success of CA on the Danish market. Previously,
he was an Area Managing Director and member of the Board of Baan Nordic.
Moreover, he was head of IT at Skandinavisk Tobak and SAS. Kim Lave Nielsen
holds a degree from the Copenhagen Business School.
About Dansupport A/S
Dansupport sells IT and telephony solutions for all types of companies.
Dansupport was established in 1987 and has branches in Copenhagen, Odense and
Kolding. The 46 employees of Dansupport are experts in the field of
informationmanagement IT and telephony solutions for midsized companies.
Dansupport offers a wide range of solutions in the field of hosting and
outsourcing. www.dansupport.dk
About Nýherji hf
Nýherji is one of Iceland's leading IT firms, and offers a wide range of
products, services and solutions for companies and individuals. Nýherji is the
Icelandic partner of many leading IT companies including IBM, Lenovo, AVAYA,
Canon, Sony, Microsoft and Cisco. Nýherji was established in 1992 and traces it
roots to IBM Iceland and other Icelandic service companies. Nýherji Group
employs approximately 740 employees in 19companies. The company's turnover in
2007 was DKK 796m and EBITDA was DKK 49.7m. www.nyherji.is
For further information, please contact:
Thórdur Sverrisson, Managing Director of Nýherji, Chairman of the Board of
Dansupport
Tel: +354 569-7700 & mobile:+354 893-3630
E-mail: thordur.sverrisson@nyherji.is
Kim Lave Nielsen, Managing Director at CA until 30 April 2008
Tel: (+45) 45474141 and mobile: +45 22225662
E-mail: kim.nielsen@ca.com
Attachment (.pdf) |
| 23.4.2008 19:03 |
- Q1 Results 2008
23.4.2008 19:03- Q1 Results 2008First Quarter 2008 Financial Highlights
Sales of goods and services ISK 3,373. million, up by 41% from Q1 2007
EBITDA ISK 145 million in Q1 2008, was ISK 143 million in Q1 2007
Operating profit (EBIT) ISK 100 million, down 18,8%
Losses due to the depreciation of the Icelandic Krona ISK 431 million
Net loss ISK 341million compared to ISK 105 million profit in Q1 2007
Nýherji completed the acquisition of TM Software hf for ISK 1,417 million and
the Swedish IT consulting company Marquardt & Parnters AB for ISK 357 million
A successful new share offering for the nominal value of 45 million at the
price per share of ISK 22 completed
Nýherji sold 9.000.000 million of its own shares at the rate of ISK 22 per
share in April
Thordur Sverrisson, Managing Director, comments:
“The quarter was characterized by the passing of several significant milestones
in our operations and volatility in financial markets. Nýherji completed the
acquisition of TM Software hf and Applicon strengthened its operation in Sweden
with the acquisition of the IT consulting company Marquardt & Parnters AB. As
a result over 50% of Nýherji's revenues are for first time attributable to the
sale of outsourcing, software and system integration services rather than the
sale of hardware.
In the light of the tough conditions in financial markets it was particularly
pleasing that Nýherji's new share offering was fully subscribed. The new equity
strengthens Nýherji's balance sheet which was further solidified at the
beginning of April by the sale of 3,4% stake of Nýherji's own shares.
The EBITDA performance of the core business was in line with the company´s
plans, but the EBITDA for some of the recently acquired subsidiaries was below
expectations. The 28% depreciation of the krona had a significant impact on our
bottom line in Q1 with currency losses amounting to ISK 431 million. Despite a
net loss of ISK 341 million, all the underlying fundamentals of the business
are strong and profitable. We are therefore optimistic about the future
performance of the business.”
Prospects
The volatility of financial markets could impact demand for IT solutions in the
second half of the year. Prospects for the second quarter are though quite
good, with sufficient projects in the pipeline.
Acceptance by the Board of Directors
The Nýherji hf. Consolidated Financial Statements for the first quarter of 2008
were approved at a meeting of the Board of Directors 23 April 2008. The
statements are prepared in compliance with International Financial Reporting
Standards.
Financial Calendar for 2008
The estimated dates of publication of interim and annual financial statements
relating to 2008 are as follows:
Second quarter 2008 results 18 July 2008
Third quarter 2008 results 17 October 2008
Fourth quarter and annual 2008 results 23 January 2009
2009 Annual General Meeting 6 February 2009
About Nýherji
Nýherji´s mission is to create added value for its clients utilizing its
staff's expertise in IT, business operation and its clients' needs. Nýherji
offers first class consultancy and professional service in the field of IT as
well as quality computer, office and software products along with solid
technical and business operating services. Nýherji's subsidiaries number 22 in
Iceland and abroad, and full-time equivalent employees at the end of the period
totaled 734. Nýherji's stock is registered with OMX in the Icelandic Stock
Exchange.
Members of the Board are: Benedikt Jóhannesson, Chairman, Árni Vilhjálmsson and
Guðmundur Jóh. Jónssson. Nýherji's CEO is Þórður Sverrisson.
Attachment (docx) |
| 2.4.2008 08:56 | - Increase in share capital 2.4.2008 08:56- Increase in share capitalIn accordance with the announcement from Nyherji hf, symbol NYHR, published on 18 March 2008, new shares of nominal value ISK 45,000,000 have been admitted to trading on the Main Market of OMX Nordic Exchange Iceland hf. The total nominal value of listed shares is now ISK 280,000,000. |
| 28.3.2008 12:42 | - Results of the Nýherji hf. share offer 28.3.2008 12:42- Results of the Nýherji hf. share offerAn offer of new shares in Nýherji hf. began on 17 March and ended yesterday, 25 March. Current shareholders in the company and employees were invited to purchase 29,097,447 shares at a price of ISK 22 per share, putting the total sale value of the offer at ISK 640,143,836. A total of 81 shareholders and employees have registered for all the shares on offer. The new shareholders include 45 employees of Nýherji hf. and its subsidiaries, and 9.4% of the company's shares will now be in the hands of the group's employees, who applied for 385,000 shares in the offer. Reduced allocations because of oversubscription were not necessary. The due date for payment is Friday, 28 March 2008. Nýherji will issue shares for a nominal value of ISK 45.000.000, of which 15,902,553 shares will be used as payment to the previous owners of TM Software hf., while 29,097,447 shares have now been sold to current shareholders and group employees. Steps are being taken to increase Nýherji hf.'s share capital and register the new shares with the Icelandic Securities Depository. Registration will be effective from 1 April 2008 at the latest, and the shares will be traded on the OMX Nordic Exchange no later than from 2 April 2008. |
| 18.3.2008 09:30 | - Share Offer, 17 - 25 March 2008 18.3.2008 09:30- Share Offer, 17 - 25 March 2008Nýherji hf.'s annual general meeting on 25 January 2008 approved an amendment to the company's articles of association which gives the Board the authority to increase the company's share capital by up to ISK 65m, to be allocated such that up to ISK 25m will be used to pay for shares in TM Software and up to ISK 40m will be available to sell to current shareholders and employees within the Nýherji group. The Board has decided to use this authority to increase the company's share capital by ISK 45m, at a rate of ISK 22 per share. As a result, 15,902,553 shares will be used as part of the payment to the sellers of TM Software hf., 27,097,447 shares will be sold to current shareholders and 2,000,000 shares will be sold to the group's employees. The share offer begins as 09:00 on Monday, 17 March 2008 and lasts until 10:00 on Tuesday, 25 March 2008. The results of the offer will be made public before 16:00 on Wednesday, 26 March 2008. Shareholders' subscription rights will be proportional to their holdings as listed in Nýherji hf.'s share register at the close of business on Thursday, 13 March 2008. The due date for payment will be 28 March 2008. OMX Nordic Exchange Iceland hf. will accept the shares for business no later than 3 April 2008. Shareholders may apply for fewer or more shares than those to which they have pre-emptive rights. Shares that are not allocated in accordance with the above procedure will be divided in proportion to the shareholdings of those applying to purchase more shares than their specified pre-emptive rights allow. Each and every employee in the group who was employed on 14 March 2008 will be invited to purchase either 5,000 or 10,000 shares. The same offer period applies for employees as for shareholders. If the demand for shares by employees exceeds those available, the number of shares that employees have applied for will be proportionally reduced with respect to the oversubscription. The Mýrasýsla Savings Bank (Sparisjóður Mýrasýslu) will oversee the offer. A prospectus is published on the company's website, www.nyherji.is; on the agent's website, www.spm.is; and on www.fme.is, the website of the Financial Supervisory Authority. The prospectus is also available at the company's offices at Borgartún 37, 105 Reykjavík and at Mýrasýsla Savings Bank's head office, Digranesgata 2, 310 Borgarnes, from 14 to 16 March 2008. The prospectus is valid for 12 months from its date of issue and can be accessed during that period. |
| 14.3.2008 15:24 |
- Prospectus
14.3.2008 15:24- ProspectusOMX Nordic Exchange Iceland (OMX ICE) has scrutinised the prospectus of Nýherji
hf., as endorsed on 14 March 2008, and hereby confirms that the prospectus
satisfies the requirements of the Act on Securities Transactions, No. 108/2007.
OMX ICE draws attention to the fact that offers of securities by the issuer are
directed exclusively to natural and/or legal persons with permanent residence
in those member states or third countries referred to in the prospectus and to
which the offer is directed.
Attachment (.pdf) Attachment (.pdf) Attachment (.pdf) |
| 14.3.2008 12:02 | - Competition Authority approves merger of Nýherji hf. and TM Software hf.14.3.2008 12:02- Competition Authority approves merger of Nýherji hf. and TM Software hf.The Competition Authority has approved the merger of Nýherji hf. and TM Software hf. An agreement regarding Nýherji's acquisition of all TM Software shares was finalised on 25 January 2008 with the approval of the Authority. The objective of this purchase is to strengthen the Nýherji Group's position in operating services and in hosting and developing specialist corporate software solutions. TM Software is the parent company of Skyggnis, Origo, Vigor, eMR and IPT. “With TM Software on board, Nýherji will become one of Iceland's leading IT companies, and be even better placed to provide clients with comprehensive IT solutions. This acquisition is an important step in our development, as it consolidates the group's position in the IT market,” said Thórdur Sverrisson, Nýherji's Managing Director. After the merger Nýherji group has over 730 employees in 20 subsidiaries in Iceland, Denmark, Sweden and Great Britain. Among the subsidiaries are Applicon Holding ehf., Dansupport S/A and ParX ehf. Nýherji and TM Software recorded a combined turnover of ISK 13.7bn in 2007. Nýherji shares are listed on the OMX Nordic Exchange. For further information, please contact: Thórður Sverrisson, Managing Director, Nýherji. Tel. 893-3630 or 569-7700. |
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