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DGAP-Adhoc: NorCom Information Technology GmbH & Co. KGaA: NorCom Information Technology GmbH & Co. KGaA: Audi stops contract negotiations on EAGLE project


DGAP-Ad-hoc: NorCom Information Technology GmbH & Co. KGaA / Key word(s): Contract
NorCom Information Technology GmbH & Co. KGaA: NorCom Information Technology GmbH & Co. KGaA: Audi stops contract negotiations on EAGLE project

28-Feb-2020 / 13:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


NorCom Information Technology GmbH & Co. KGaA was informed by Audi AG today that the contract negotiations for the further use of the EAGLE collaboration software will be suspended by the automobile manufacturer.
The collaboration software EAGLE was used as part of a three-year contract, the renewal and extension of which was the subject of the current negotiations. NorCom is currently not aware of the reasons for terminating the contract negotiations.


Contact:
NorCom Information Technology GmbH & Co. KGaA
Julia Keck
IR
Gabelsbergerstraße 4
80333 München
Phone: 089-93948-0
E-Mail: [email protected]

28-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: NorCom Information Technology GmbH & Co. KGaA
Gabelsbergerstraße 4
80333 München
Germany
Phone: +49 (0)89 93948-0
Fax: +49 (0)89 93948-111
E-mail: [email protected]
Internet: www.norcom.de
ISIN: DE000A12UP37
WKN: A12UP3
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 986447

 
End of Announcement DGAP News Service

986447  28-Feb-2020 CET/CEST

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NorCom Information Technology GmbH & Co. KGAA Stock

€7.05
-4.080%
Heavy losses for NorCom Information Technology GmbH & Co. KGAA today as the stock fell by -€0.300 (-4.080%).
Currently there is a rather positive sentiment for NorCom Information Technology GmbH & Co. KGAA with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 10 € shows a positive potential of 41.84% compared to the current price of 7.05 € for NorCom Information Technology GmbH & Co. KGAA.
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