adesso SE

Earnings Release • May 10, 2016

News Details

Ad-hoc | 10 May 2016 14:40

adesso AG increases operating income by 150 % to EUR 3.8 million in the first quarter of 2016 / Guidance for 2016 confirmed after acquisition-related increase

adesso AG / Key word(s): Quarter Results/Change in Forecast

10.05.2016 14:40

Dissemination of an Ad hoc announcement according to § 15 WpHG, 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 150 % to EUR 3.8 million in the
first quarter of 2016 / Guidance for 2016 confirmed after
acquisition-related increase

Based on preliminary figures for the first quarter of 2016 adesso reports
sales of EUR 56.1 million (previous year: EUR 42.1 million) and an EBITDA
of EUR 3.8 million (previous year: EUR 1.5 million). Year on Year the boost
of 150 % or by EUR 2.3 million results from a weaker first quarter 2015
marked by investments, a sales growth of 33 % and higher license revenues
with the company's own products. Partly the sales and earnings growth
results from the acquisition in Switzerland in mid-2015.

Regarding the development in the first quarter, the guidance for the
full-year is confirmed and adjusted in line with the recent acquisition of
Smart House Media GmbH, which will be included in the consolidated
financial statements of adesso from May 2016 in accordance to the IFRS. The
raised sales forecast is now expected in the range from EUR 231 million to
EUR 243 million (previously: EUR 220 million to EUR 232 million) and the
forecast for the operating result EBITDA in the range from EUR 17.0 million
to EUR 19.5 million (previously: EUR 14.5 million to EUR 17.0 million).

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

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Information and Explanation of the Issuer to this News:

Additional information

While taking into account the incidental acquisition costs a positive
contribution pro rata temporis of Smart House Media GmbH to the
consolidated operating profit of adesso in 2016 is expected. However, a
positive contribution to the earnings per share is not expected until the
subsequent year 2017. In 2016 the short-term amortisation of the acquired
order backlog and parts of the customer base are decisive.

A voluntary release of the interim announcement within the first half of
2016 with key figures of the finalised financial statement for the first
quarter is scheduled to be released on 13 May 2016. It will be as well
available on the website of the Company, please visit www.adesso-group.de.

10.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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 Berlin, Dusseldorf, Frankfurt (General
Standard), Hamburg, Stuttgart

End of Announcement DGAP News-Service

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