All for One Group SE — Earnings Release 2003

Nov 12, 2003

News Details

Ad-hoc | 12 November 2003 05:30

AC-Service AG english

AC-Service – Restrained Third Quarter Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AC-Service – Restrained Third Quarter Sales after nine months total EUR 36.4 million (prior year: EUR 37.1 million), EBIT at EUR 1.8 million (prior year: EUR 1.6 million), earnings per share of 15 euro cents (prior year: 4 cents). Strong balance sheet. Loss posted in third quarter. Stuttgart, 12 November 2003 – AC-Service AG, focused on IT Outsourcing, Human Resource Services and SAP Consulting, reported sales revenues of EUR 36.4 million (prior year: EUR 37.1 million) for the first nine months of 2003. The nine-month EBIT totalled EUR 1.8 million (prior year: EUR 1.6 million) while the after-tax profit was EUR 0.8 million (prior year: EUR 0.2 million) for earnings per share (IFRS) of 15 euro cents (prior year: 4 cents) over nine months. The third quarter of 2003 contributed period sales of EUR 11.3 million (prior year: EUR 12.0 million), an EBIT of EUR -0.1 million (prior year: EUR 0.2 million) and an after-tax loss of EUR -0.6 million (prior year: EUR -0.2 million) to these results. These figures also include a special charge for personnel-related actions (severance-benefit provisions, part-time work for older staff) within the Human Resource Services business division totalling EUR 0.2 million. AC- Service enjoys a strong and healthy balance sheet. As at 30 September 2003, cash and cash equivalents totalled EUR 12.8 million (31 Dec 02: EUR 12.3 million), and the EUR 26.5 million (31 Dec 02: EUR 26.2 million) in shareholders equity accounted for 61% (31 Dec 02: 59%) of the balance sheet total of EUR 43.5 million (31 Dec 02: EUR 44.6 million). The number of full-time equivalent employees at the close of the third quarter of 2003 was 310 (prior year: 339). The markets for outsourcing and consulting services are again proving to be very challenging. As a result of this market situation, and due to the loss of sales revenues from last years special one-time projects, the Board of Directors estimates that full-year sales for 2003 might remain below that of a year ago (EUR 52.0 million) and that the 2003 operating earnings may top EUR 2 million. Overall the board continues to expect business performance to be rather restrained. Additional information available on the Internet at http://www.ac-service.com end of ad-hoc-announcement (c)DGAP 12.11.2003 ——————————————————————————– WKN: 511000; ISIN: DE0005110001; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 120530 Nov 03