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ER - adesso AG increases operating earnings by 113 % to EUR 8.9 million to mark a new high for the first six months of 2016 / Earnings per share at 0.65 EUR more than tripled

Company: adesso SE Date: 2016-08-15 Language: English Register to download

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 News Details

Ad-hoc | 15 August 2016 16:55

#   

adesso AG increases operating earnings by 113 % to EUR 8.9 million to mark a new high for the first six months of 2016 / Earnings per share at 0.65 EUR more than tripled

**adesso AG  / Key word(s): Half Year Results/Preliminary Results**

15.08.2016 16:55

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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adesso AG increases operating earnings by 113 % to EUR 8.9 million to mark
a new high for the first six months of 2016 / Earnings per share at 0.65
EUR more than tripled

Based on preliminary figures for the first six months of 2016 adesso
reports sales of EUR 119.0 million and an EBITDA of EUR 8.9 million
(previous year: EUR 4.2 million). Excluding the recent acquisitions sales
were increased organically by 19 % and EBITDA by 76 %. In total sales
cuntinued to rise by 37 % and EBITDA disproportionally by 113 %. Earnings
per share increased to 0.65 EUR after 0.21 EUR in the same period last
year.

In the second quarter 2016 sales were EUR 62.9 million (previous year: EUR
44.9 million) and EBITDA EUR 5.1 million (previous year: EUR 2.7 million;
Q1/2016: EUR 3.8 million). Of the EUR 2.4 million EBITDA-growth, EUR 0.9
million were contributed by the two acquisitions done since 30 June 2015.
EBITDA-margin was 8.1 % in the second quarter.

Based on the ongoing business the raised guidance for 2016 is reconfirmed
with a positive outlook.


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Information and Explanation of the Issuer to this News:

All business divisions were able to increase sales. Rising earnings
contributions were generated mainly in the e-business division, adesso
insurance solutions, adesso in Germany and Switzerland as well as from the
content management system FirstSpirit. Drivers have been high incoming
orders in nearly all key industry segments of adesso, a strong growth in
headcount (+34 % to some 2,000 employees) while keeping up a high capacity
utilisation and a profitable project business. Due to write-downs from the
purchase price allocation first time consolidation of smarthouse adesso
financial solutions GmbH has resulted in a slightly negative contribution
to the consolidated earnings per share, despite the subsidiary's positive
after-tax result.

All figures are preliminary. The half-year report 2016 based on final
figures will be published on August 26th, 2016, and will be available via
the Company's website at www.adesso-group.de.


Contact:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000
E-Mail: ir@adesso.de

15.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      adesso AG
              Stockholmer Allee 20
              44269 Dortmund
              Germany
Phone:        +49 231 7000-7000
Fax:          +49 231 7000-1000
E-mail:       ir@adesso.de
Internet:     www.adesso-group.de
ISIN:         DE000A0Z23Q5
WKN:          A0Z23Q
Listed:       Regulated Market in Frankfurt (General Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart,
              Tradegate Exchange; London
 
End of Announcement                             DGAP News-Service
 
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