AI assistant
All for One Group SE — AGM Information 2012
Mar 14, 2012
27_rns_2012-03-14_ad7c6174-52a1-4615-92a7-a33d85efbbba.html
AGM Information
Open in viewerOpens in your device viewer
News Details
Corporate | 14 March 2012 17:07
All for One Midmarket AG: Annual General Meeting Approves Name Change to All for One Steeb AG
All for One Midmarket AG / Key word(s): AGM/EGM/Dividend
14.03.2012 / 17:07
Annual General Meeting Approves Name Change to All for One Steeb AG
Strong brand message / Agenda approved by a large majority / Dividend of 20 euro cents / Financial year 2011/12 as year of transition / Outlook reaffirmed
Filderstadt, 14 March 2012 – It was with large majorities that today's annual general meeting of All for One Midmarket AG approved all the proposed agenda items. Besides the distribution of a dividend of 15 euro cents per share plus a special one-time dividend of an additional 5 euro cents per share, the most notable decision was the granting of approval for changing the company's name to All for One Steeb AG. Some 81 percent of the share capital was represented at this annual general meeting.
The supervisory board and management board had recommended that the annual general meeting grant its approval to the name change as part of integrating Steeb Anwendungssysteme GmbH, Abstatt, which All for One Midmarket AG acquired on 1 December 2011. The business combination has been operating using the single brand name »All for One Steeb« since the beginning of December 2011. This newly formed company serves the largest installed SAP customer base in the German-language midmarket segment. The goal now is to more rapidly expand its leading position in the growing markets for SAP Business Suite, SAP Business Analytics, SAP Mobile Solutions, SAP Outsourcing Services and SAP Business ByDesign among small to mid-size enterprises.
»All for One and Steeb are two respected and well-established brands within the German-language midmarket segment that not only combine sales power with outstanding service quality, but can best be described as smart, lean, fast, agile and strong«, said All for One Steeb CEO Lars Landwehrkamp. »The decision to ensure the unity of brand and company name will help further enhance the message that our brand conveys«, added Landwehrkamp.
All for One Steeb AG still expects an increase in revenues for the financial year 2011/12 of between 55% and 60% over that of the prior-year period. Although burdened by one-time transaction and integration costs, the EBIT should nevertheless remain clearly positive in the financial year 2011/12. Revenues of approximately EUR 160 million and an EBIT margin of over 5% are expected to be achieved as early as in the financial year 2012/13 once the integration is completed in financial year 2011/12.
About All for One Steeb AG
All for One Steeb AG ranks as one of the leading SAP full-service providers for the mid-sized business market where German is spoken. The SAP Gold Partner's portfolio comprises end-to-end solutions along the whole of the IT value chain – from SAP industry solutions to outsourcing services and application management. As a one-stop-shop for all SAP-related services, All for One Steeb is a reliable general contractor for small and mid-sized enterprises. With around 700 employees, it serves over 2,000 clients among machinery and equipment manufacturers, automotive suppliers, consumer goods industry, technical wholesalers and project and engineering service providers. As a founding member of United VARs, the global network of leading SAP partners for small and mid-sized enterprises, All for One Steeb guarantees a comprehensive consulting and service portfolio as well as the best local support in more than 56 countries. All for One Steeb ranks among Germany's best employers (Great Place to Work 2010) and the best IT consultants for the German midmarket (TOP CONSULTANT 2011).
In the financial year 2010/11, All for One Steeb AG (All for One Midmarket AG) achieved a turnover of EUR 90 million – not including Steeb. The company is listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000).
For the Editorial Department
An extensive picture gallery can be found under www.all-for-one.com/press-photos
**Online
**YouTube
**http://www.youtube.com/watch?v=41EaPBD2wx4
Follow us
www.youtube.com/allforonemidmarkettv
www.xing.com/companies/allforoneMidmarketAG
Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail [email protected]
End of Corporate News
14.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | All for One Midmarket AG |
| Gottlieb-Manz-Straße 1 | |
| 70794 Filderstadt-Bernhausen | |
| Germany | |
| Phone: | +49 (0)711 78 807-260 |
| Fax: | +49 (0)711 78 807-222 |
| E-mail: | [email protected] |
| Internet: | www.all-for-one.com |
| ISIN: | DE0005110001 |
| WKN: | 511000 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 160638 14.03.2012 |