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All for One Group SE — Earnings Release 2008
Nov 5, 2008
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Earnings Release
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Ad-hoc | 5 November 2008 19:44
All for One Midmarket AG: Growth Strategy Continues Making Progress in 3rd Quarter
All for One Midmarket AG / Quarter Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
All for One Midmarket AG: Growth Strategy Continues Making Progress in 3rd
Quarter
Sales increase 11% to EUR 62.8 million (9 months) / Net earnings of EUR 2.7
million (9 months 2007: EUR 0.7 million) / EBIT declines from EUR 1.2
million to 0.3 million / Equity ratio rises to 48% (end of the prior year:
38%) / Sales forecast for 2008 reaffirmed / Achieving the EBIT target will
depend largely on how the economy develops
Filderstadt (Stuttgart), 5 November 2008 – All for One Midmarket AG, one of
the leaders in the SAP midmarket segment in countries where German is
spoken, completed its 9-month financial statements today. After finishing
the quarter with the highest turnover ever achieved, this SAP full-service
provider has now significantly improved its quarter-on-quarter sales for
the 11th time in succession. Nine-month sales increased by 11% to EUR 62.8
million. The drivers behind this growth were the proceeds from the sale of
SAP licenses (+57%) and recurring revenues from outsourcing services
(+19%). Furthermore, the proceeds from IT consulting increased by 7% (3rd
quarter: +16%).
The EBITA was EUR 1.0 million (9 months 2007: EUR 2.0 million) and the EBIT
was EUR 0.3 million (9 months 2007: EUR 1.2 million). This decline in
earnings is attributable mostly to significantly higher costs for personnel
development and the ongoing Group restructuring. The number of employees as
at 30 September rose 14% to 469 full-time equivalents.
Including the contribution to earnings from the sale of ACCURAT
(discontinued operation), which was successfully concluded in the second
quarter, All for One Midmarket AG achieved 9-month earnings of EUR 2.7
million (9 months 2007: EUR 0.7 million). This represents earnings per
share of 50 euro cents (9 months 2007: 12 euro cents).
The signing of new long-term financing agreements did much to help
strengthen the balance sheet as at 30 September 2008. The equity ratio
increased from 38% (end of the prior year) to 48%. Cash and cash
equivalents totalled EUR 6.3 million (31 December 2007: EUR 7.4 million).
At the present time it is not possible to make any reliable predictions
regarding the degree to which investments in enterprise software will be
reduced, put off or halted as a result of the global financial crisis. The
Management Board has reaffirmed its 2008 sales projections of EUR 82
million to 85 million for the full 2008 year. Whether the preceding year’s
EBIT (EUR 1.0 million) can be exceeded in 2008 as previously forecast will
depend essentially on how the economic environment develops in the
remaining weeks of this year.
The complete interim report will be published as scheduled on 13 November
2008.
Additional information available on the internet at www.all-for-one.com
Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, eMail
[email protected]
05.11.2008 Financial News transmitted by DGAP
Language: English
Issuer: All for One Midmarket AG
Gottlieb-Manz-Straße 1
70794 Filderstadt
Deutschland
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, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service