All for One Group SE — Earnings Release 2005

Nov 14, 2005

News Details

Ad-hoc | 14 November 2005 09:00

AC-Service Again Boosts Sales and Earnings

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— AC-Service Again Boosts Sales and Earnings Sales in third quarter up 6% over last year. Impressive gain in earnings. All business lines with positive contributions to results after 9 months. Substantial cash flow. Strong balance sheet with 65% shareholders’ equity. Integration of All for One Systemhaus GmbH Midmarket Solutions into the AC- Service Group planned. Stuttgart, 14 November 2005 – In its quarterly report published today, AC- Service, an IT service provider focusing on IT Outsourcing, Human Resource Services and SAP Consulting, reported sales of EUR 10.9 million (prior year: EUR 10.4 million), an EBIT of EUR 0.4 million (prior year: EUR 0.3 million) and net earnings (after minority interests) of EUR 0.2 million (prior year: EUR 0.3 million) during the period July to September 2005. Together with the results of the first half-year, this 2005 nine-month period has generated sales of EUR 33.3 million (prior year: EUR 32.9 million) and an EBIT of EUR 1.3 million (prior year: EUR 0.7 million). All business divisions reported positive segment earnings (EBIT). The net earnings of EUR 0.7 million (prior year: minus EUR 0.5 million) correspond to nine-month earnings per share (IFRS) of 13 euro cents (prior year: minus 9 euro cents). The majority stake in KWP, a consultancy specialised in SAP HR consulting, which has only been fully consolidated in the group financial statements since March 2005, contributed to these nine-month results with sales of EUR 4.2 million and a slight loss (EBIT) of minus EUR 0.04 million. AC-Service enjoys a strong and healthy balance sheet. Shareholders’ equity accounts for 65% (31 Dec 04: 60%) of the balance sheet total. Operating cash flow was EUR 4.4 million (prior year: EUR 3.5 million), while cash and cash equivalents totalled EUR 11.4 million (30 Sep 04: EUR 12.2 million), despite the net cash used in connection with the purchase of equity interests in KWP (EUR 0.5 million), Process Partner (EUR 1.9 million) and AC Solutions (Austria, EUR 0.2 million). The nine-month average staffing strength in full-time equivalents (FTE) was 301 (prior year: 293). As at 30 September 2005 the AC-Service Group employed 309 FTEs (prior year: 286). This increase is attributable primarily to the incorporation of KWP. The third quarter witnessed AC-Service once again expanding its customer base, further strengthening sales efforts and decisively broadening its range of products and services. This positive momentum is set to gather even more speed thanks to signing important contracts with new and existing customers, as well as from the exclusive negotiations on the integration of All for One Systemhaus GmbH Midmarket Solutions into the AC-Service Group, which have already been announced. Overall the board of directors continues to believe that the group can achieve an impressive increase in earnings compared to sales performance over the course of the current year. Additional information available on the Internet at http://www.ac-service.com AC-Service AG Schockenriedstr. 7 70565 Stuttgart Deutschland ISIN: DE0005110001 WKN: 511000 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 14.11.2005