adesso SE

Earnings Release • Aug 13, 2015

News Details

Ad-hoc | 13 August 2015 14:01

adesso AG: Significant increases in sales and operating results in the second quarter of 2015 / Guidance for full year 2015 raised

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

13.08.2015 14:01

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adesso AG: Significant increases in sales and operating results in the
second quarter of 2015 / Guidance for full year 2015 raised

On the basis of preliminary figures, adesso AG boosted sales to a new
quarterly record of EUR 44.9 million in the second quarter of 2015, thereby
significantly increasing the quarterly operating result (EBITDA), at EUR
2.6 million, compared to both the previous year and the first quarter of
the year. With sales revenues of EUR 87.0 million (+17 %) for the first
half of the year, EBITDA amounted to EUR 4.2 million, up 26 % on the
previous year's figure of EUR 3.3 million. Earnings per share rose by 75 %
year on year in the first half of the year to EUR 0.20.

This positive development of earnings was driven by higher and at times
very high capacity utilisation in Germany, a gratifyingly high level of
licence sales from both adesso insurance solutions and Content Solutions
(FirstSpirit) as well as the full consolidation of PSLife GmbH (software
for life insurance companies) after the shares in the company were
increased to 100 % in the second quarter. The figures for the first half of
the year pursuant to IFRS do not include effects from the acquisition of
Born Informatik AG in Switzerland.

The projected forecast for the year is raised based on the
positive development in the second quarter, the currently high capacity
utilisation together with the first time consolidation of Born Informatik
AG from 01.07.2015. Now sales are expected between EUR 192 and 198 million
(previously: EUR 166 to 171 million) and EBITDA between EUR 11.0 and 12.0
million (previously: EUR 9.8 to 10.5 million). Positive effects on the
earnings per share from the acquisition of Born Informatik AG are only
expected in subsequent years, due to write-offs of the order backlog and
amortisation of customer bases together with financing costs pursuant to
IFRS.

According to the financial calendar, the complete consolidated half-year
report, including final figures, will be published on 28.08.2015 and be
available at www.adesso-group.de.

Contact:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000
E-Mail: ir@adesso.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 Berlin, Dusseldorf, Frankfurt (General
Standard), Hamburg, Stuttgart

End of Announcement DGAP News-Service

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