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 Friday December 21 2001
Getronics completes partial conversion of two outstanding convertible bonds
Temporary conversion price subordinated convertible bonds due 2004: EUR 4.60, temporary conversion price subordinated convertible bonds due 2005: EUR 5.10. ú Nominal conversion amount of the subordinated convertible bonds due 2004: EUR 148,847,000, nominal conversion amount of the subordinated convertible bonds due 2005: EUR 146,476,000.

Wednesday December 12 2001
KPN, Getronics joint venture wins NLG 500 mln in orders with Dutch govt
TetraNed, a 50-50 joint venture of Royal KPN and Getronics, won orders worth NLG 500 mln with the Dutch government, the ministry for domestic affairs said. The orders involve installation of a new national digital radio system for emergency services in the Netherlands, such as fire, police and ambulance.

Thursday November 29 2001
Getronics sells stake in Getexo to Exel
Getronics has sold its 50% stake in Getexo, the Dutch provider of logistics preparation services, to UK supply chain management company Exel. Exel already owned the other 50% in Getexo. The transaction, which will generate a small book profit, will not have an effect on operating profit, Getronics said. The sale of the stake is in line with Getronics' strategy to sell hardware activities.

Thursday September 27 2001
US Mint awards Getronics Government Solutions USD 11.8 mln contract
Getronics Government Solutions has been awarded a contract to provide nationwide infrastructure and operations support to the US Mint. The performance-based contract is valued up to USD 11.8 mln for Fiscal Year 2002, with four option years to follow. To support Mint facilities nationwide, the Getronics team will provide a consolidated approach to service delivery solutions designed to provide a low-risk, cost efficient, service coverage.

Monday August 27 2001
Getronics in talks with HAZIS
Today, Getronics has announced that it has entered into talks with HAZIS, a Dutch ICT health-care service provider regarding Getronics' intention to take over the activities of this organisation. Part of the intended agreement involves the transfer of approximately 40 employees of HAZIS to Getronics, where they will be part of the Care Services business unit.

Thursday August 23 2001
Getronics is first Cisco partner qualified to provide new 'ANS'
Getronics has become the first Cisco Global Support Partner to achieve Cisco qualification to provide Advanced Network Services. This new Partner Program introduced by CISCO provides through Qualified Partners the high level capabilities normally only available directly from CISCO. This includes sophisticated monitoring, analysis and consultation on complex Networking environments.

Monday August 20 2001
Getronics in South African deal
Getronics has entered a partnership with South African IT firm CS Computer Services Holdings. CS will take over Getronics South Africa, which employs 500 and has annual turnover of Euros 25m (Dollars 22.9m), to become Getronics' service partner in South Africa. Getronics did not disclose financial details of the deal but it has an option to take a stake in CS Holdings that it will decide on in coming weeks.

Thursday June 21 2001
Getronics sees no effect on FY opg from Merkantildata profit warning
Getronics sees no effect on its annual operating result from the profit warning given on Thursday by affiliate Merkantildata ASA, a spokesman for the Dutch company said. Getronics holds a 10.7% stake in Merkantildata. Following a consultation with Merkantildata board member and Getronics chairman Pieter van Voorst, Getronics spokesman Herbert van Zijl said that the relationship between the two companies is "okay and growing", with the Scandinavian company increasingly serving Getronics' international clients in the region.

Thursday May 31 2001
Change in Getronics Board of Management
Getronics announces that its President and Chief Executive Officer, Mr Cees G. van Luijk has decided to resign, effective immediately. Mr Van Luijk decided to step down for personal reasons. Getronics Supervisory Board respects these reasons and accepted his decision. The Supervisory Board has appointed Mr Peter K.

Wednesday May 23 2001
Getronics signs contract with BBned for ICT-infrastructure services
Getronics announces it has signed a 3 year master contract with BBned for development and maintenance of the ICT infrastructure. The contract includes complete implementation of the network, 7x24 maintenance of the infrastructure, system and project management and consulting. The contract is worth initially approximately € 12.5 million.

Friday May 18 2001
Getronics signs contract with Skybernet
Getronics announces it has signed a master contract with SkyberNet, a Dutch independent telecom service provider. The one-year contract covers the implementation of the ICT infrastructure for SkyberNet's services and is initially worth € 5 million. Getronics also takes care of the maintenance and the project management of the infrastructure.

Friday March 16 2001
Getronics achieves scale in France through acquisitions of Decan
Getronics on Friday announced that it had reached agreement to buy Decan, the French Information Communication and Technology (ICT) solutions provider. The announcement delivers on Getronics' strategy of focusing and achieving scale in France as one of the top 5 ICT markets. Getronics reached agreement with Metamor Holdings France, a subsidary of PSINet,., to buy its stake in Decan, the French ICT solutions provider, representing 98.67% of outstanding shares and 99.58% of outstanding convertible bonds, for an aggregate amount of euro 58.5 million; euro 15.1 for each ordinary share and euro 120 for each convertible bond The agreement is subject to condition precedent in connection with the contractual obligations undertaken in the sale and purchase agreement, which is expected to be fulfilled within the next weeks.

Wednesday March 7 2001
EU to rule on Getronics, Hagemeyer ICT merger by April 2
The European Commission said it will rule on the merger of Getronics and Hagemeyer Dutch information and computer technology (ICT) hardware distribution units Datelcom BV and Codis BV by April 2 after the companies filed extra information. The commission had initially declared the merger notification incomplete and hence stopped its one-month probe.

Thursday March 1 2001
Getronics operating results in line with outlook announcement in Nov. 2000
2000 Results of Getronics are: 13% growth in revenue to EUR 4.1 bn (1999: EUR 3.7 bn); Comparable Service revenue increased by 7.7%; Service revenue represents 65% of total volume (57% in 1999); Revenue from top 50 clients amounted to 42% of total revenue. Top 50 clients revenue increased by 12%; Earnings before interest, tax and amortisation of goodwill (EBITA) were EUR 248 mln (1999: EUR 259 mln), EBITA margin of 6.0 % in 2000 (7.1% in 1999); EBITA margin increased to 6.0% on a comparable basis with Pro Forma 1999 (Pro forma full year 1999: 5.2%); Net earnings before amortisation of goodwill amounted to EUR 158 mln (1999: EUR 177 mln); Earnings per share before goodwill amortisation amounted to EUR 0.42 (1999: EUR 0.56), weighted average number of shares: 343 million; After tax profit on divestitures of EUR 39 mln offset against provision on shareholding in Merkantildata of EUR 31 mln and negative results from discontinued operations; Dividend per share of EUR 0.04 (1999:EUR 0.08) either in cash or stock.

Thursday February 15 2001
Getronics takes next step in alliance with Merkantildata
Getronics and Merkantildata announced on Thursday that Getronics intends to take a 20% interest in Merkantildata Invest, the independent corporate venture company of Merkantildata. Getronics will issue approximately 2.2 million new shares to Merkantildata in consideration of the participation, valuing the stake at approximately Euro 15 million.

Tuesday February 6 2001
GTN: ICT contract for Shell Group of approux. EUR 75 mln
Shell Services International (SSI), the IT-services arm of the global energy company, has awarded Getronics a multi-million Euro partnership to create and maintain a common unified desktop computer and server environment across the world wide operations of Shell. Shell's Global Infrastructure (GI) project covers 90,000 workstations at over 1,000 sites in over 135 countries.

Friday January 26 2001
Getronics completes sale of non-core activities
Getronics, the Dutch computer services company, has completed the sale of all companies that are no longer part of the core activities on Thursday, with the sale of Spanish computer distributor Diode. Getronics has sold Diode, which generates annual turnover of EUR 94 mln, to the management. The total of divestments has now reached EUR 970 mln.

Thursday January 25 2001
Getronics completes planned EUR 970 mln divesture programme
Getronics announced on Thursday that it has sold its Spanish distribution activities, Diode Espa¤a, S.A., as part of a management buy-out of that operation. Diode Espa¤a employs approximately 150 employees and has annual revenue of approximately EUR 94 mln. This transaction completes the EUR 970 mln planned strategic divestiture programme announced by Getronics last year.

Wednesday January 17 2001
EU seeks comments on Getronics, Hagemeyer's ICT ops merger
The European Commission said it invites comments under the EU's merger regulation on Getronics and Hagemeyer planned merger of their Dutch information and computer technology (ICT) hardware distribution activities. Getronics unit Datelcom BV and Hagemeyer unit Codis BV are set to merge, it said. Interested third parties have 10 days to submit their comments. The commission has until Feb 5 to rule on whether to clear the operation or open a four-month in-depth investigation.

Thursday December 21 2000
Getronics finalises the acquisition of DIV
Getronics announced on Thursday that it has finalised the acquisition of the full ownership of DIV, the Netherlands-based ICT services provider for the healthcare market. Getronics, a global Information & Communication Technology (ICT) solutions and services provider, had announced its intention to purchase a majority ownership of DIV in September 2000.

Tuesday December 12 2000
Getronics delivers to Saudi bank
Getronics announced on Tuesday that Saudi Arabia's Al Bank Al Saudi Al Fransi has chosen Getronics solution for automating its branch and Internet banking channels. The bank's new Globalfs branch teller system is scheduled to go live in early 2001. Al Bank Al Saudi Al Fransi intends to introduce its new Globalfs Internet banking site to customers in early 2001. Financial details were not disclosed.

Tuesday November 28 2000
Getronics and Stratus team up to deliver continuously e-banking solutions
Getronics and Stratus Computer, maker of world's most reliable servers, announced on Tuesday an agreement targeted at delivering continuously available third-generation e-banking solutions to the financial services industry. Under the agreement, Getronics and Stratus will collaborate on future engagements that will benefit from using Stratus ftServer tm Windows 2000-based servers as the fault-tolerant hardware platform for Getronics' GlobalNLG s financial services solution.

Wednesday November 22 2000
Getronics adds IT woes
The third profit warning of the year from Getronics, the Dutch computer services group, on Wednesday added to concerns that demand for European IT services could remain weak until the middle of next year. Shares in Getronics were among the biggest fallers in the sector, down 41.6%, or E3, to E7.36 after it warned it would make a loss in the first half of next year.

Wednesday October 25 2000
Getronics and Applix form global partnership
Getronics and Applix announced a global alliance on Wednesday in which Getronics will provide system integration services for Applix's e-Business applications. Getronics will incorporate Applix iEnterprise for Web-based Customer Relationship Management (iCRM) into its industry solutions and leverage the Applix Internet-based planning, forecasting and budgeting tools (Applix iTM1) to deliver a complete "sales-to-fulfilment-to-analysis" solution to its clients.

Thursday August 31 2000
Getronics sells electronic payment ops
Getronics announced on Thursday it is selling its Transaction and Card Systems (GTCS) unit to Ireland-based ITG Group for EUR 4.38 mln. GTCS supplies, installs, maneges and maintains electronic payment systems (hardware and software) for small to medium sized businesses in the retail, petrol and hospitality sectors.

Thursday August 17 2000
Getronics H1 net profit down 32%
Getronics reported on Thursday net profit for the first-half of 2000 fell 32% to EUR 54.0 mln, compared with net profit of EUR 80.0 mln the company booked in the comparible period of 1999. Turnover increased 60% from EUR 1,195.0 mln to EUR 1,913.0 mln. Operating income fell 40% from EUR 108.0 mln to EUR 65.0 mln.

Getronics plummets on data
Getronics disappointed analysts and the Amsterdam stock market on Thursday by presenting much lower profits, sending the shares down more than 18% to EUR 14. The company is finding it hard to absorb Wang Global of the US, the company taken over last year and three times its size. Over the first half, earnings after taxes plummeted 69% from EUR 75 mln to EUR 24 mln, although sales grew 86.4% to EUR 1.91 bn.

Getronics eyes acquisitions in France, Germany
Getronics is looking to make acquisitions in France and Germany to improve its below target performance in those countries, said chief executive officer and president of the board Cees van Luijk. Speaking at a press conference following the release of first-half results, Van Luijk said: "Profitability in France and Germany remains below target due to the relatively small scale of operations present in those countries." "We are very much seeking to raise that critical mass and scale.

Tuesday August 1 2000
Getronics acquires Brazilian ict service provider
Getronics said it acquired Connect Systems Integrator, a Brazilian provider of network and telecom infrastructure services. No financial details were given. Privately-held Connect has annual sales of about EUR 10 mln and offers consulting, outsourcing and security services, Getronics said. The acquisition gives Getronics a total of about 1,500 employees in Latin America, of which 500 in Brazil.

Wednesday May 31 2000
Getronics launches new e-business start-up
Today, Getronics announced the launch of G2E, a global E-business start-up with operations across Europe. Headquartered in Amsterdam, G2E will have regional offices in Madrid, Milan and London. The new company will help its clients re-engineer their business processes to become E-enabled. Through its people, processes and partners, G2E will provide clients with a new approach to E-solutions design and project management.

Thursday May 11 2000
Getronics divests US unit
Getronics said it achieved 70% of its planned disposal of non-core activities after it sold a unit serving original equipment manufacturers in the US The unit, Alliance Managed Services of Tewksbury, Massachusetts, will be renamed QualxServ. The unit, worth EUR 160 mln and accounting for 12% of Getronic's US sales, was sold to an investment group that includes the unit's management team, the company said. No financial details were disclosed.

Monday April 17 2000
Getronics merges Nordic operations with Merkantildata
Getronics announced on Monday that it would create a regional market leader in information and communications technology by merging its Nordic operations with Merkantildata, of Norway. The announcement coincided with a profit warning from the Norwegian ICT company. It said a market slump caused by the millennium transition and its reorganisation to focus more on electronic commerce would result in a NOK 100 mln (USD 11.7 mln) first-quarter loss.

Thursday April 13 2000
Getronics to Hoofddorp
Getronics announced it was leaving its current site in the Bijlmermeer suburb of Amsterdam for the town of Hoofddorp, partly because of the rising crime rate. Getronics said on average one member of staff a month was threatened or mugged.

Friday March 17 2000
Getronics issues EUR 450 in bonds
Getronics said it is to issue a EUR 450 mln 5-year subordinated convertible bond through a private placement by ABN Amro Rothschild. The company has also granted ABN Amro Rothschild an option to place a further EUR 50 mln in bonds to cover over-allotments. Getronics said bookbuilding for the placement of the bonds begins on Friday.

Friday March 3 2000
Getronics net profit up 8%
Getronics reported on Friday net profit for 1999 increased 8% to EUR 118 mln, compared with net profit of EUR 109 mln the company booked in the comparible period of 1998. Turnover jumped 134% from EUR 1,570 mln to EUR 3,667 mln with the takeover of Wang Global whose figures were consolidated for seven months.

Thursday March 2 2000
Getronics, World Online form e-Commerce pact
Getronics and World Online International said they plan to "cooperate intensively" on the development of e-commerce solutions for the business to business sector. In a joint press release, they said the alliance will focus initially on Europe, but will move to a global coverage, either directly or via alliances with other companies.

Tuesday February 29 2000
Getronics launches B2B ICT portal worldwide
Getronics said it is to roll out its business-to-business ICT portal worldwide. The 'Get On' portal was launched in the Netherlands in October 1999, and will be the first B2B ICT portal launched on a worldwide basis, the company said. It said clients include TNT Post Group and VISA Card Services. All Getronics clients will have access to the portal worldwide no later than December 2000, the company said.

Tuesday February 15 2000
Getronics wins major US order
Getronics said on Tuesday that it has signed a multi-year contract with Sprint to install and service Sprint ION (SM) connections to small businesses and consumers nationwide. Under the agreement, Getronics will also provide a full suite of installation, hardware and software support for commercial customers of Sprint Paranet's IT professional services business.

Wednesday February 9 2000
Getronics sells FSS assets to US Diebold
Getronics announced on Wednesday that it is sellings its international financial self-service (FSS) assets to Diebold of the US. No financial details of the deal, which includes automated teller machines, cash dispensers and other self service terminals, were disclosed. The agreement includes SIAB, a manufacturing joint venture with Groupe Bull, a French company, and Brussels-based Cable Print, as well as sales, manufacturing and service operations in more than 20 countries, Getronics said in a statement.

Tuesday January 18 2000
Getronics expands stake in NS unit
Getronics announced on Tuesday that it is taking over the remaining 30% of the shares in NS Data and Telecom Services it did not already own. Financial details of the transaction were not disclosed. NS Data and Telecom Services is the IT subsidiary of Dutch Railways NS. The unit employs 180 people and is specialised in the installation and maintenance of the communication infrastructure of Dutch Railways NS.

Friday December 3 1999
Getronics buys rest of BMG
Getronics said on Friday that it has acquired the remaining 35% of the shares it did not already own in business management group BMG for an undisclosed sum. BMG booked 1998 turnover of NLG 26 mln.

Thursday December 2 1999
Change supervisory board and board of management Getronics
Mr. Joseph Tucci will resign as Deputy CEO of the Board of Management of Getronics as per December 2, 1999. It is the intention of the Supervisory Board to appoint Mr. Tucci as member of the Supervisory Board. Mr. Tucci was Wang Global's President and CEO since 1992 to June 1999, the date of the acquisition of Wang Global by Getronics.

Thursday November 18 1999
Getronics, HP in global alliance
Getronics announced on Thursday that it has formed a global alliance with Hewlett-Packard (HP). The HP and Getronics partnership will provide solutions and services for complete, end-to-end IT management from start to finish, a statement said. As part of the announcement, Getronics intends to fulfil HP OpenView implementation projects in over 40 countries that will be devoted to providing the combined HP OpenView IT enterprise management solutions and Getronics' ICT consulting services and support expertise.

Wednesday November 17 1999
Getronics buys stake in InterEdge
Getronics announced on Wednesday that it has acquired all the shares in the Netherlands based Web solutions provider InterEdge it did not already own. Getronics acquired Videotex's 50% stake in InterEdge for an undisclosed sum. InterEdge is specialized in the design, building and the management of portals for Internet, Intranet and Extranet applications, Getronics said.

Tuesday November 16 1999
Getronics in deal with SAP
Getronics is to sign a cooperation agreement with the Dutch division og German software house SAP. The deal means Getronics' customers will be able to use SAP software. Last week Getronics signed an internet alliance with Finnish telecoms group Nokia.

Wednesday November 10 1999
Getronics, Nokia partnership
Getronics said on Wednesday it had entered a global partnership with Finland's telecom equipment maker Nokia on e-business solutions. The Dutch firm said it would integrate Nokia's wireless application protocol (WAP) technology with its Internet solutions for financial services and other industry sectors.

Wednesday October 13 1999
Getronics acquires all shares in Ark
Getronics announced on Wednesday that it has acquired the remaining 4.5% shares it did not already own in Norwegian rival Ark. The acquisition finalises the take over of Ark, which will be delisted from the Norwegian stock exchange. Getronics bought the largest part of its stake in 1997.

Monday September 27 1999
Getronics eyes more purchase like Wang
Getronics, fresh off its purchase of Wang Global, continues to cast acquisitive eyes around the information technology services industry, its President and Chief Executive Cees van Luijk said in an interview on Monday. We will look for opportunities both in the United States and in Europe, van Luijk said in an interview at the Billerica, Mass., head office of Wang Global, which Amsterdam-based Getronics acquired in June.

Tuesday September 7 1999
Getronics acquires Mexican firm RSD
Dutch information technology and technical services firm Getronics said on Tuesday it had bought the activities of Mexico's Redes Y Systemas de Datos (RSD). The firm is based in Mexico City and has three regional outlets. RSD specialises in offering data network services based on Internet technology to large clients.

Thursday August 12 1999
Getronics H1 net profit up 56%
Getronics reported on Thursday net profit for the first-half of 1999 increased 57% to EUR 80 mln, compared with net profit of EUR 51 mln the company booked in the comparible period of 1998. Turnover increased 68% from EUR 713 mln to EUR 1,195 mln. Operating income increased 61% from EUR 67.1 mln to EUR 108.0 mln.

Getronics impresses with H1 net
Information technology firm Getronics, the world's fifth biggest computer service provider, posted a 57% jump in first half net profit and forecast "further healthy growth" in the full year. Getronics, which bought US Wang Global earlier this year, reported a first half net before goodwill amortisation of EUR 80 mln (USD 85.2 mln) from 51 million a year earlier with strong spending in financial and telecoms markets.

Monday August 9 1999
Getronics finalises acquisition of Olivetti IT unit
Getronics said on Monday that it has finalised the acquisition of Olivetti's 80.1% stake in Olivetti Ricerca. Getronics already owned 19.9% of Olivetti Ricerca through its recently acquired US subsidiary Wang Global. Olivetti Recerca is active in financial software and employs 500 people. Earlier Getronics said it would finance the transaction from its own resources, but did not disclose further details. The take over sum was not disclosed.

Tuesday June 29 1999
Getronics eyes Olivetti IT unit
Getronics announced on Tuesday that it is in talks with Olivetti to acquire its information technology subsidiary Olivetti Ricera. Getronics said that talks are at an advanced stage. If the deal succeeds, Getronics would finance the transaction from its own resources, but did not disclose further details. Getronics currently owns 20% of Olivetti Ricera through its recently acquired US subsidiary Wang Global.

Thursday June 24 1999
Getronics issue at EUR 35 a share
Getronics and ABN Amro Rothschild announced on Thursday that the subscription period for ordinary shares in Getronics has been closed successfully. Getronics has issued 20 million new shares at a price of EUR 35, marking a discount of about 2.5% on Wednesday's closing price. Getronics will use the proceeds of NLG 1.5 bn to finance the takeover of US company Wang.

Friday June 18 1999
Getronics gets EU ok for Wang buy
Getronics said on Friday the European Union had cleared its tender offer for Wang Global, removing the last hurdle to its acquisition of the US computer services firm. Getronics announced its roughly USD 2 bn, or USD 29.25 per share, bid for Wang on May 4. The deal will make Getronics a top player among computer service providers. The deal is expected to be finalised in the coming weeks. The new group will have 33,000 staff and operate in 44 countries.

Monday May 24 1999
Olivetti sells Wang shares to Getronics
Italy's Olivetti said on Saturday it had agreed to sell its 18% stake in Wang Global, supporting a USD 1.8 bn bid by Getronics for the computer services provider. The sale to Getronics at USD 29.95 per share will yield a "net global financial effect" of 400 bn lire (USD 218 mln) and a capital gain of some 35 bn lire (USD 19 mln), Olivetti said in a statement.

Friday May 21 1999
Getronics-Wang takeover closer
The US anti-trust authorities said on Friday that they had no objections to the planned takeover of US firm Wang by Getronics. Getronics expects to finalise its bid on June 7.

Tuesday May 4 1999
Getronics bids for Wang
Getronics has made a bid of USD 1.9 bn for Wang Global, which is twice its size in terms of turnover, but loss-making. The bid of USD 29.25 per Wang share is 15% above Wang's Monday closing price on the US electronic exchange Nasdaq. The deal would produce the largest provider of computer services in Europe and one of the fifth largest in the world, with annual revenues of about USD 5 bn and operations in more than 40 countries, Wang and Getronics said.

Getronics to purchase Wang Global
Wang Global, the pioneering computer maker whose fortunes swung from industry powerhouse to bankruptcy, is being acquired by Dutch company Getronics for USD 2 bn in cash. The union with Getronics will form the largest computer services company in Europe and one of the five largest in the world, company officials said Tuesday.

Monday April 26 1999
Getronics unit posted a net loss
Ark, the Norwegian software company 77%-owned by Getronics, posted a net loss of Nkr 19.5 mln in the first quarter of 1999. The compares to a Nkr 21.7 mln net profit in the year-earlier period. Turnover rose by 4% to Nkr 702.3 mln. Ark blamed the loss on the fast integration of Cinet,Skrivervik Data and Netcenter into the company, a move which will eventually generate annual savings of Nkr 80 mln and contribute to group profit.

Friday February 26 1999
Getronics net profit up 33%
Getronics reported on Friday net profit for 1998 increased 33% to NLG 240.2 mln, compared with net profit of NLG 180.0 mln the company booked in the comparible period of 1997. Turnover increased 25% from NLG 2,777.0 mln to NLG 3,459.8 mln. Operating income increased 35% from NLG 236.5 mln to NLG 319.5 mln.

Friday January 15 1999
Getronics chairman Risseeuw steps down
Getronics chairman Ton Risseeuw is to step down on May 1 for 'personal reasons'. Risseuw, who has been with Getronics for 23 years, will be succeeded by Cees van Luijk, currently chairman of the Dutch operations of accountancy firm Price Waterhouse.

Friday November 27 1998
Getronics sues state for damages
Getronics subsidiary Raet has issued a NLG 46 mln claim at the Dutch home affairs ministry. The ministry cancelled a contract with Raet in March -- aimed at making the civil service salary administration system millennium proof -- saying not enough progress had been made. The ministry has issued a counter-claim of NLG 17 mln against Raet.

Wednesday November 4 1998
Getronics will be met forecast for '98
Getronics said on Wednesday it is confident that it will meet full-year forecasts for '98. The announcement came during the presentation of third-quarter results for its 77% Scandinavian subsidiary Ark. When publishing its first-half figures, Getronics said full-year results would be in line with those over the first half year when profit rose 37% to NLG 147.9 mln on turnover up 23% to NLG 1.57 bn.

Thursday August 13 1998
Getronics reports H1 net profit up 43%
Getronics reported on Thursday net profit for the first-half of 1998 increased with 43% to NLG 113.1 mln, compared with net profit of NLG 79.0 mln the company booked in the comparible period of 1997. Net profit was boosted by a one-off item of NLG 12.1 mln reflecting the reorganisation at its new Norwegian subsidiary Ark.

Ark Group H1 net doubles
Scandinavian Ark Group, in which Getronics holds a 77% shareholding, said on Thursday net profit for the first-half of 1998 doubled to NLG 13.6 mln from NOK 7.4 mln in the first-half of 1997. Turnover increased from NLG 309 mln to NLG 352 mln. Operating profit increased 43% from NLG 12.1 mln to NLG 17.3 mln.

Monday July 27 1998
Getronics takeover of KBB Retail Service finalised
Getronics has finalised the takeover of KBB Retail Service, a subsidiary of KBB. As a result of the takeover, Retail Service's employees are now employed by Getronics. Retail Service is providing ICT services for chains of speciality stores. With the takeover, Getronics has strengthened its position within the retail sector, the company said.

Thursday June 18 1998
Getronics takes over Motorola Radio Systems
Getronics is taking over Hoofddorp-based Motorola Radio Systems from Motorola for an undisclosed sum. Motorola Radio Systems specialises in mobile communications and employs 14 people. MRS will be incorporated in Getronics' unit Koning en Hartman.

Friday June 5 1998
Getronics buys Grupo of Spain
Getronics announced today the acquisition of Control Presupuestario SA (Grupo CP) in Spain for an undisclosed sum. Getronics said Grupo CP belongs to the top 3 ICT companies in Spain. Grupo has 1,600 employees with net sales in 1997 of NLG 150 mln and net earnings of NLG 9.5 mln. In Spain Grupo CP has branch offices in Madrid, Barcelona and Seville and subsidiaries in Mexico and Portugal.

Tuesday April 7 1998
Getronics issue generates NLG 165 mln
The issue of 1.75 mln new shares in Getronics has raised some NLG 165 mln fresh capital, which will be used to refinance its takeover of Norway's Ark and for future acquisitions. The new share issue will increase the number of ordinary shares outstanding by around 2%. Getronics plans to reduce its current 88% stake in Ark to 75%.

Friday February 27 1998
Getronics reports net profit up 37%
Getronics reports net earnings for 1997 increased by 37% to NLG 180 mln, compared with NLG 131.6 mln the company booked in 1996. Net sales increased by 26% to NLG 2,777 mln. Due to improved operating margins, the operating result grew by 30% to NLG 236 mln. Due to a fractional increase in the number of shares outstanding, net earnings per share grew by 35% to NLG 2.05.

Getronics does not accept new 'year 2000' clients
Getronics will no longer accept new clients seeking help to tackle the year 2000 problem in computers. It will now advise only existing clients. Getronics says that any company which has not yet started adjusting its software is already too late.

Monday February 16 1998
Ark reports turnover of NLG 301 mln
Ark Group, the bourse listed Scandinavion ICT company in which Getronics holds a 88% stake, reports a turnover of NLG 301 mln for 1997, compared with NLG 215 mln the company booked in 1996. Profit before taxes rose with 38% at NLG 20.0 mln.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website