Qurius discontinues operations in Sweden
Qurius has decided to discontinue its Swedish operations with offices in Stockholm, Linkoping and Goteborg. In total 78 employees will be affected. The Qurius Executive Board has reached this decision taking into account the ongoing losses and adverse market conditions. During 2008 and the first half year of 2009 Qurius took several restructuring measures. However, the effects prove insufficient to rationalise the business in the current economic climate. The Qurius Sweden operations have generated a revenue of approximately EUR 2.8 million with an EBIT of approximately EUR 0.5 million negative in the period January - April of 2009.
Fred Hermans, CEO: ‘In 2008 we took several measures to improve the profitability of our Swedish organisation. Even though we were successful to reduce our cost base going forward, full rationalisation became increasingly difficult in the current economic downturn. As a result, further investments no longer seem appropriate. We therefore reached the difficult decision to stop investing in our Swedish activities and to discontinue the operations.’
Where possible and practical, ongoing customer contracts will be taken over by other Qurius operations.
Qurius provides architecture, realisation and systems management of Microsoft technology based business and IT solutions, including infrastructures. Qurius has over 1,000 staff members and is headquartered in Zaltbommel, the Netherlands. Its offices in Belgium, Germany, Italy, the Netherlands, Norway, Spain and the United Kingdom serve over 2,800 clients. Qurius has been publicly listed on Euronext Amsterdam since 1998 and is included in the AScX-index. Currently Qurius has 105,432,619 listed shares. Qurius was recognised by Microsoft as the 2007 global Microsoft Dynamics Partner of the Year. For more information, visit www.qurius.com.
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