All for One Group SE — Earnings Release 2007

Aug 22, 2007

News Details

Ad-hoc | 22 August 2007 07:30

AC-Service Markedly Boosts Sales and Earnings Under New Board Spokesman Lars Landwehrkamp

AC-Service AG / Half Year Results/Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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AC-Service Markedly Boosts Sales and Earnings Under New Board Spokesman
Lars Landwehrkamp

Semi-annual sales increase 27% to EUR 41.9 million. EBITA after 6 months
more than triples from EUR 0.5 to 1.8 million despite special charge from a
separation agreement with former board chairman. Quarterly earnings per
share break even. Half-year earnings per share improve from minus 26 euro
cents to 17 euro cents following surge in profits. Repositioning as
full-scale SAP service provider accelerated under new board spokesman Lars
Landwehrkamp.

Stuttgart, 22 August 2007 – The fundamental repositioning as a leading
full-scale SAP service provider for midmarket companies in countries where
German is spoken is picking up great speed under Lars Landwehrkamp, the new
spokesman of the board of directors, and is resulting in a dynamic
expansion of the business base. The quarterly financial statements
finalised and published today show AC-Service posting sales of EUR 41.9
million (prior-year period: EUR 33.1 million) during these first 6 months
of the year. This 27% increase in sales (21 percentage points of which were
organic growth) exceeds expectations and stems predominantly from the
Managed IT Services (+38%) and SAP Solutions (+30%) business divisions.
Even the Human Resource Services division again posted a slight upturn in
sales. A significant and impressive increase in earnings was reported
despite what continues to be a high level of investment in human resource
development. The half-year EBITA more than tripled over that of the same
period a year ago increasing from EUR 0.5 to 1.8 million, while the
half-year EBIT improved from EUR 0.0 to 1.3 million.

The 2nd quarter closed with an increase in sales of 21% to EUR 20.8 million
(prior-year quarter: EUR 17.3 million). The 2nd quarter EBITA was EUR 0.2
million (prior-year quarter: EUR 0.2 million) and the EBIT was minus EUR
0.1 million (prior-year quarter: EUR 0.0 million). Included in these
earnings figures is a special charge in the amount of EUR 0.5 million from
additions to a provision for a separation agreement that was made in May
2007 with the former chairman of the board Herbert Werle. Adjusted for this
one-time expense relating to a different period, this 2nd quarter again
showed a disproportionately high increase in EBITA and EBIT over that of
the same quarter a year ago. The earnings per share (IFRS) for the 2nd
quarter were even (prior-year quarter: minus 12 euro cents). In terms of
the half-year earnings per share, AC-Service posted a profit jump from
minus 26 euro cents (first half year 2006) to 17 euro cents (first half
year 2007). The average staffing strength in full-time equivalents for the
first half of the year was 458 (prior-year period: 405) and the number of
individuals employed as at 30 June totalled 473 (prior half-year mark:
430).

The AC-Group has been committed to a clear growth strategy since the spring
2006 takeover of the SAP systems contractor All for One GmbH. AC-Service
picked up remarkable momentum in the 2nd quarter with the implementation of
the strategy developed over the course of 2006 to be a full-scale SAP
service provider covering the entire IT value chain and providing complete,
end-to-end service to small and mid-sized enterprises in countries where
German is spoken. This development might lead to exceeding the sales and
earnings projections for the full 2007 year as published in the annual
report, which will lie within a range of EUR 77 to 79 million (sales) and
EUR 2.3 to 2.7 million (EBITA).

You can find additional information and the entire quarterly report at
www.ac-service.com/english

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Information and Explaination of the Issuer to this News:

Background Information on AC-Service AG
Operating primarily in Germany, Austria and Switzerland, AC-Service is an
industry focussed IT full- service provider for the mid-size business
market. Market observers rank AC-Service among the leading companies
serving the German-language market for SAP and HR services. AC-Service AG
features a number of established brands including AC, All for One, Process
Partner, KWP and ACCURAT. Originating in Switzerland, the AC Group has been
operating for over 45 years, offers a sustainable track record and serves
over 1,200 clients. With wide-ranging expertise in the whole of the IT
value chain, AC implements integral solutions providing SAP licenses and
software maintenance, industry solutions, business consulting, business
intelligence, managed IT services on a 'leading edge technology basis',
payroll and human capital management as well as HR business process
outsourcing. With its outstanding service culture and extensive industry
know-how, the AC Group makes claim to a quality leadership and is regularly
recognised with awards for outstanding customer satisfaction and service
quality. AC-Service pursues a clear growth strategy, currently employs
around 445 staff members and expects sales of around 77 to 79 million Euros
in 2007. AC-Service AG is listed in the Prime Standard segment of the
Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000) and is a
subsidiary of BEKO HOLDING AG, which owns approximately 55 percent of its
stock.

www.ac-service.com/english

Contact:
AC-Service AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, eMail
dirk.sonntag@de.ac-service.com

22.08.2007 Financial News transmitted by DGAP

Language: English
Issuer: AC-Service AG
Schockenriedstr. 7
70565 Stuttgart
Deutschland
Phone: 07 11-7 88 07-260
Fax: 07 11-7 88 07-222
E-mail: info@de.ac-service.com
Internet: www.ac-service.com
ISIN: DE0005110001
WKN: 511000
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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