Actual News History Analyses Other

CSS Holding News



profile

quote

news
-

 Thursday November 8 2001
CSS: statement on Q3 2001
Under difficult market conditions, IT and Telecom services provider Computer Services Solutions Holding N.V. (CSS) achieved a positive result in the third quarter of 2001. Despite a hesitant recovery in October, the board of directors of CSS does not expect the fourth quarter to generate the usual profitability.

Monday September 17 2001
CSS into partnership KPN and Oracle
CSS announces that the electronic marketplace for ICT Products ATCOST PLUS, in which CSS has a 49% interest, has reached definitive agreement regarding the establishment of a joint venture that will operate under the name PROCLARE. As share partners, KPN and Atcostplus each hold 50% of the shares. Oracle will participate as software partner to support the business processes.

Wednesday August 29 2001
Belcom solutions strengthens CSS' Belgian telecom activities
Today ICT services provider Computer Services Solutions N.V. (CSS) reached agreement in principle with the shareholders of Belcom Solutions SA in Brussels regarding the acquisition of this company. Belcom Solutions is a full service provider that is active in the field of marketing, sales, installation and service of Avaya and other telecommunication solutions.

CSS'results in first six months 2001
IT and Telecom services provider Computer Services Solutions Holding N.V. (CSS) achieved satisfactory results in the first six months of 2001 despite a reluctant ICT market. The company realized earnings per share of € 0.53, a 15% increase compared to € 0.46 in the same period of 2000. The first six months of 2001, were characterized by achieving cost-savings through combining existing operations and acquisitions, which made it possible to compensate for a decrease in demand from telecom operators and financial institutions in difficult market conditions.

Tuesday May 15 2001
Private issue of new CSS shares
IT and Telecom service provider Computer Services Solutions Holding N.V. (CSS) has privately placed 800,000 new shares with institutional investors in the Netherlands and abroad. The proceeds of this share issue will in principle be used to finance future acquisitions. The expectation is that, in line with the strategic principles of CSS, the utilization of new capital for acquisitions will lead to a further improvement in the earnings per share of CSS.

Friday March 2 2001
Css will reduce costs
CSS will cut costs to improve its gross margin. In addition, the company will close service contracts with a longer period to maturity. Net profits rose by 40% to EUR 19.1 mln in 2000, compared with EUR 13.7 mln in 1999. Gross profits rose to EUR 126 mln in 2000, compared with EUR 100 mln in 1999. Net turnover rose by 27% to EUR 196 mln. Eleven new acquisitions and the demerger of the Atcostplus division contributed to an increased profit margin.

Wednesday February 28 2001
CSS: net profit 2000 rises by 40% to EUR 19.1 mln
2000 was a goodsatisfactory year for ICT services provider Computer Services Solutions Holding N.V. (CSS). Despite a difficult ICT market, CSS achieved results that are in line with earlier statements. Earnings per share rose by 25% to EUR 1.05, compared to EUR 0.84 in 1999. Net profit increased by 40% to EUR 19.1 mln, compared to EUR 13.7 mln in 1999.

Wednesday January 24 2001
Landis and CSS exchange sales subsidiaries
Dutch telecoms companies Landis and CSS are exchanging activities. CSS will acquire subsidiaries of Landis which are involved with sales of telephone products to small companies, while Landis will take over a CSS distributive trading company. Landis will sell three subsidiaries: TAB Telecom, Sekuritel and Protel, which employ a combined 188 staff members. Landis acquired these subsidiaries at the acquisition of Dutch telecoms company Detron last year.

Tuesday January 23 2001
CSS strengthens its telecom division
Telecom and ICT services provider CSS Holding N.V. has reached agreement in principle with the Landis Group N.V. (full service organization for ICT in Europe) regarding the acquisition of a part of the Landis Business Networks unit - direct telecommunication activities consisting of the companies Protel, TAB and Sekuritel.

Thursday December 7 2000
CSS finalizes two acquisitions
CSS Holding has finalized two acquisitions. The companies involved are telecom services provider Schraa Telecom B.V. located in Bolsward and Alkmaar and IntraLink B.V., architect and supplier of infrastructures for the e-business economy located in Leusden. Schraa Telecom achieves good profitable turnover of approximately EUR 5.7 mln.

Wednesday November 29 2000
CSS optimistic about the fture of B2B web portal Atcostplus
IT and Telecom services provider Computer Services Solutions Holding N.V. (CSS) is optimistic about the future of ATCOSTPLUS. This web-based B2B portal for IT and Telecom products was deconsolidated and made independent of CSS earlier this year. A number of pilot projects with large manufacturers and customers are now in progress.

Tuesday November 14 2000
CSS acquires Intralink
CSS Holding has reached agreement in principle regarding the acquisition of IntraLink, architect and supplier of infrastructures for the E-business economy. IntraLink is located in Leusden and achieves annual turnover of NLG 13.5 mln. The acquisition will be paid partly in shares and partly in cash and will contribute to the earnings per share of CSS Holding as of 2001.

Thursday November 2 2000
CSS maintains profit forecast
CSS Holding N.V. (service provider in the field of IT, telecommunications and datacommunications) maintains its profit forecast for the entire year 2000 based on the results achieved through the third quarter. The excellent performance of the telecom activities made it possible to compensate for the disappointing results of the traditional IT activities due to the difficult market conditions.

Monday October 23 2000
CSS further expands telecom division
Telecom and ICT services provider CSS Holding has reached agreement in principle regarding the acquisition of telecom services provider Schraa Telecom B.V. with locations in Bolsward and Alkmaar. Schraa will be incorporated into CSS' fast-growing Telecom division, which has now attained a turnover level of more than EUR 55 mln.

Monday October 16 2000
CSS finalizes two acquisitions
Telecom and ICT services provider CSS Holding has finalized the previously announced acquisitions of telecom services provider TBT Teleline Bedrijfs- en Telecommunicatie B.V. (TBT) in Utrecht, The Netherlands and IT services provider Compunet in Amstelveen, The Netherlands. Both TBT and Compunet will contribute to the earnings per share of CSS in 2000.

Thursday September 14 2000
CSS buys two firms
Telecom and ICT services provider CSS Holding has reached agreement in principle regarding the acquisition of two companies. The two companies in question are telecom services provider TBT Teleline Bedrijfs- en Telecommunicatie B.V. (TBT) in Utrecht, The Netherlands and IT services provider Compunet in Amstelveen, The Netherlands.

Thursday August 24 2000
CSS Holding H1 net profit up 41%
CSS Holding reported on Thursday net profit for the first-half of 2000 increased 41% to EUR 8.3 mln, compared with net profit of EUR 5.9 mln the company booked in the comparible period of 1999. Turnover fell 35% from EUR 140.9 mln to EUR 92.0 mln. Operating income increased 37% from EUR 8.3 mln to EUR 11.4 mln. Earnings per share for the first-half of 2000 increased 24% to EUR 0.46, compared with earnings per share of EUR 0.37 for the first-half of 1999.

Wednesday May 3 2000
CSS says 1Q results satisfactory
Computer Services Solutions (CSS) said at the general meeting of shareholders on Wednesday that a satisfactory result was achieved in the first quarter of 2000. Even though the year got off to a slow start, the development of turnover, gross margin, profit and order portfolio was such that earnings per share in 2000 are expected to remain "strong" (20-30%), in keeping with the previously stated forecast.

Tuesday March 14 2000
CSS buys telecoms firm Racom
Computer Services Solutions (CSS) announced on Tuesday the acquisition of telecoms firm Racom of Zoetermeer. Financial details of the transaction were not disclosed. Racom has annual turnover of some NLG 15 mln and employs 30 people. CSS said that the acquisition fit it its strategy of growth in the telecoms sector.

CSS Holding net profit triples
CSS Holding reported on Tuesday net profit for 1999 tripled to EUR 13.7 mln, compared with net profit of EUR 4.6 mln the company booked in the comparible period of 1998. Turnover rose by EUR 210.2 mln from EUR 69.2 mln to EUR 279.4 mln. Operating income tripled from EUR 6.6 mln to EUR 19.7 mln. Earnings per share for 1999 increased 31% to EUR 0.84, compared with earnings per share of EUR 0.64 for 1998.

Wednesday February 16 2000
CSS acquires Wellinga IT
Computer Service Solutions Holding (CSS) announced on Wednesday the acquisition of Wellinga IT of Enschede. Financial details of the transaction were not disclosed. CSS has also made a private placement of 700,000 new shares with institutional investors in the Netherlands and abroad. Wellinga IT has annual turnover of some EUR 7.4 mln and employs 40 people. The company is active in the sale and support of ICT networks and is profitable.

Monday February 7 2000
CSS triples net profit
Computer Services Solutions (CSS) announced on Monday preliminary net profit for 1999 increased by 200% to EUR 13.6 mln, compared to net profit of EUR 4.6 mln in 1998. Earnings per share increased by 32% to EUR 0.84, compared to EUR 0.64 for the previous year. The company is to publish its definitive figures on March 14.

Tuesday December 21 1999
CSS acquires two companies
CSS Holding is taking over Telco Consultants and Innotechnics. Brussel-based Telco Consultants has annual turnover of NLG 27 mln and is specialised in the placement of temporary ICT staff. Innotechnics of Mecchelen is a software specialist with annual turnover of NLG 2 mln. Financial details of the transactions were not disclosed.

Monday December 20 1999
CSS on official market
Computer Services Solutions (CSS) on Monday gained a listing on the Amsterdam stock exchange's main market. CSS was listed on the NMAX since April 1997. The company said that the decision was based on its current scale of activities and level of market capitalisation.

Monday December 13 1999
CSS acquires Lacis
CSS announced on Monday the acquisition of software engineering company Lacis for an undisclosed sum. Lancis booked 1998 turnover of NLG 48.5 mln and is profitable. CSS said that the acquisition will contribute to its results in the year 2000. CSS will issue 250,000 new shares that will be placed by Lacis' shareholders to partly finance the transaction. Also the proceeds of an earlier announced issue will be used to pay for the deal.

Tuesday September 28 1999
CSS finalises takeover of Computerij Opleidingen
Computer Services Solutions (CSS) has finalised the acquisition of Computerij Opleidingen, the Zwolle-based training centre of IBM. CSS said the acquisition will contribute to its earnings per share. Computerij Opleidingen, which generated turnover of NLG 11.8 mln with 68 people in 1998, gives courses on information and computer technology. CSS will pay for the acquisition through a secondary share placement and by issuing 300,000 new shares.

Friday September 17 1999
CSS acquires IBM training unit
CSS Holding has acquired Zwolle-based Computerij Opleidingen from IBM. Computerij Opleidingen, which generated turnover of NLG 11.8 mln with 68 people in 1998, gives courses on information and computer technology. CSS will pay for the IBM training centre through a secondary share placement and by issuing 300,000 new shares.

Wednesday August 25 1999
CSS Holding H1 net profit NLG 12.9 mln
CSS Holding reported on Wednesday net profit for the first-half of 1999 rose by NLG 9.6 mln to NLG 12.9 mln, compared with net profit of NLG 3.3 mln the company booked in the comparible period of 1998. Turnover rose from NLG 45.9 mln to NLG 310.5 mln. The main reason for the rise was the consolidation of Computer Company per 1 December 1998.

Monday June 28 1999
CSS acquires RPA of The Hague
CSS Holding announced on Monday that it has reached agreement on the takeover of Regionaal Praktijkcentrum Automatisering (RPA) of The Hague. RPA is active in the management of ICT-systems and detachment of IT-staff. The company has 45 employees and annual turnover of NLG 5 mln. CSS Holding has placed 500,000 new shares with institutional investors to finance the acquisitions.

Monday April 26 1999
Smooth integration Computer Company in CSS
Computer Solutions Company said on Monday that its turnover, gross margin and profit developed as expected in the first quarter of 1999. CSS said a large part of Computer Company is now integrated in CSS. The company maintains its forecast for 1999 of strong growth of earnings per share compared with 1998.

Monday March 22 1999
CSS booked 155% rise in 1998
CBB booked an impressive 155% rise in 1998 net profit to NLG 10.2 mln. Turnover soared 330% to NLG 152.4 mln in the same period. Earnings per share were 75% higher at NLG 1.40 in 1998. CSS expects a strong rise in earnings per share in 1999. CSS on Monday said it disagreed with the shareholders' association VEB which claims CSS paid too much for the acquisition of Computer Company in December.

Wednesday January 27 1999
CSS Q4 in line with forecast
Computer Services Solutions (CSS) said on Wednesday that both earnings and sales in the final quarter of 1998 were in line with expectations. CSS said all business units contributed to the positive results. Full-year earnings will be announced on March 22.

Monday January 18 1999
CSS acquires HPM of Heerlen
Computer Service Solutions (CSS) has taken over HPM Software of Heerlen. HPM booked 1998 turnover of some NLG 1 mln. CSS said HPM is 'very profitable'. HPM designs and supports applications and interfaces for software packages SAP and Oracle.

Friday December 18 1998
CSS maintains dividend policy after issue
CSS has received approval from its shareholders at an extraordinary meeting to issue new shares. The proceeds will be used for the merger with Computer Company (CC). CSS current dividend policy, in with 30-40% of net profit will be paid to shareholders, will be maintained. One of the new major shareholders is investment company Reiss & Co, owned by HCS founder J. Kuijten. An other major shareholder is NPM. The two investment companies each have a stake of over 20% in CSS.

Tuesday November 17 1998
CSS Q3 earnings on track
Computer Services Solutions of Houten has booked thirdquarter earnings in line with earlier forecasts. Although management did not release exact figures for the period, it said that full-year earnings would be in line with its prediction of 100% net profit growth compared with the same 1997 period. CSS booked 1998 first-half net profit of NLG 3.2 mln on turnover of NLG 45.9 mln The compares with 1997 full-year earnings of NLG 4 mln on turnover of NLG 35.4 mln.

Monday August 24 1998
CSS Holding reports H1 net profit up
CSS Holding reported on Monday net profit for the first-half of 1998 more than doubled to NLG 3.2 mln, compared with net profit of NLG 1.5 mln the company booked in the comparible period of 1997. Turnover rose by NLG 33.6 mln from NLG 12.3 mln to NLG 45.9 mln. Operating income more than doubled from NLG 2.2 mln to NLG 4.9 mln. Earnings per share for the first-half of 1998 increased 55% to NLG 0.48, compared with earnings per share of NLG 0.31 for the first-half of 1997.

Thursday June 11 1998
CSS acquires Bos Automatisering
Computer Services Solutions (CSS) has acquired software company Bos Automatisering of Leeuwarden. CSS is financing the transaction partly with bank loans and partly through the issue of new CSS shares which will be exchanged for Bos stock. The transaction will be back-dated to January 1, 1998. Bos booked 1997 sales of NLG 16 mln and has 80 employees.

Thursday June 4 1998
CSS acquires Network Engineer
CSS Holding said today it is to take over Network Engineering of Amsterdam. Network Engineering specialises in network management outplacement serveces. The transaction will be paid for in cash. Network Engineering is profitable and has some 30 employees. In 1997, the company booked turnover of NLG 3.5 mln.

Monday March 16 1998
CSS reports net profit up 54%
CSS reports net profit for 1997 increased with 54% to NLG 4.0 mln, compared with NLG 2.6 mln the company booked in 1996. Turnover rose 79% from NLG 19.7 mln to NLG 35.4 mln. Operating result increased with 54% from NLG 4.1 mln to NLG 6.3 mln. Earnings per share grew to NLG 0,80, compared with NLG 0.53 for 1996.

Friday February 27 1998
CSS reports good 4th quarter
Computer Services Solutions reports its earnings and sales in the 4th quarter of 1997 developed according to forecast. The company is forecasting full-year net to increase at a faster rate than the 42% seen in the first half. Definitive earnings will be announced on March 16.

Tuesday February 17 1998
CSS to take over CID of Wormerveer
CSS reports it has reached an agreement in principle with the shareholders of Consortium Informatica Diensten (CID) of Wormerveer to take over the whole of the issued shares of CID. CSS will pay for the acquisition partly by issuing new shares and partly in cash. CSS expects CID will contribute to its profit for 1998. CID is active in temporary staffing in the Information Technology sector. In 1997, CID posted a turnover of some NLG 10 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