All for One Group SE — Earnings Release 2009

Jul 30, 2009

News Details

Corporate | 30 July 2009 14:06

Still Moving Against the Trend, All for One Midmarket AG Finishes the 1st Half-Year in Plus

All for One Midmarket AG / Preliminary Results/Half Year Results

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Still Moving Against the Trend, All for One Midmarket AG Finishes the 1st
Half-Year in Plus

Preliminary figures / Half-year sales up 8% to EUR 36.9 million / EBITDA of
EUR 2.0 million (plus 60%) / EBIT positive at EUR 0.3 million (1st
half-year 2008: minus KEUR 21) / Key Outsourcing Services business posts
gain of 24% / Financial year changed / Outlook unchanged

Filderstadt, 30 July 2009 - Preliminary figures show that All for One
Midmarket AG, which holds a leading position in the German-language SAP
midmarket segment, not only finished with a strong 1st half-year in 2009,
but also further distanced itself from an otherwise waning IT market.
Although this SAP full-service provider mainly operates for companies in
the automotive supplier, machinery and equipment manufacturing industries,
which are the ones most affected by the economic crisis, it nevertheless
succeeded in improving its half-year sales revenues in its continuing
operations by 8% to EUR 36.9 million (1st half-year 2008: EUR 34.2
million). These figures no longer include AC-Service (Schweiz) AG. The 95%
equity interest in this company will be sold shortly and is therefore
reported separately under »discontinued operation«.

Following record investments in new mirrored high-end data centers in
2008, the recurring outsourcing revenues of the continuing operations
increased a strong 24% to EUR 13.5 million in the 1st half-year 2009
and now account for some 37% of total sales revenues. The half-year
revenues from the sale of SAP licenses were EUR 4.1 million and declined
(minus 36%) compared to that of the prior year. It was, however, the
biggest turnover in SAP licenses in the company's history that led to
licensing revenues totalling EUR 6.5 million in the 1st half-year 2008.
Half-year consulting services revenues increased by 17% to EUR 17.4 million
compared to the prior year.

The EBITDA of the continuing operations rose 60% to EUR 2.0 million
compared to the prior year. The corresponding EBIT was EUR 0.3 million (1st
half-year 2008: minus KEUR 21).

The 2nd quarter of 2009 saw sales of EUR 17.0 million (plus 5% year on
year) and an improvement in the EBIT from minus EUR 0.5 million (2nd
quarter 2008) to EUR 0.1 million (2nd quarter 2009).

The total earnings after tax of EUR 0.5 million for the 1st half-year 2009
also include the earnings contribution from the discontinued operation. The
corresponding prior-year figure of EUR 2.8 million includes a contribution
to earnings of EUR 3.4 million from the sale of ACCURAT (discontinued
operation). The equity ratio was 47% as at 30 June 2009 (31 December 2008:
45%).

The 60% equity interest in team HR Organisationsberatung Personalwirtschaft
GmbH, Düsseldorf, which was acquired at the end of June 2009, will be
fully consolidated beginning on 1 July 2009. By resolution of the annual
general meeting of 19 May 2009, the financial year for All for One
Midmarket AG now ends on 30th September. This change results in there being
one short financial year, which starts on 1 January 2009 and ends 9
months later on 30 September 2009.

Lars Landwehrkamp, spokesman of the All for One Midmarket AG management
board, said: »We are very well-positioned as an SAP full-service
provider following the major restructuring we undertook in 2008. In
particular our customers are taking increasing advantage of our outsourcing
services«. Because of this, and in contrast to the downward trend on the
market as a whole, a modest increase in sales revenues should be achieved
for the short financial year from 1 January to 30 September 2009. A
positive EBIT is expected.

The complete half-year financial report will be published as scheduled on
10 August 2009.

About All for One Midmarket AG

All for One Midmarket AG which operates primarily in Germany, Austria and
Switzerland, is an industry focussed IT full-service provider for the
mid-size business market. Market observers rank All for One amongst the
leading players in the German-language SAP midmarket segment. The Group
features established brands including All for One, AC, Process Partner, KWP
and serves over 1,000 clients. Its portfolio comprises end-to-end solutions
along the whole of the IT value chain - from SAP industry solutions for
the midmarket to outsourcing services and application management. All for
One Midmarket AG pursues a clear growth strategy and achieved a Group
turnover of EUR 85.2 million in 2008.

All for One Midmarket 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 58% of its stock.

www.all-for-one.com/english

Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag@all-for-one.com

30.07.2009 Financial News transmitted by DGAP

Language: English
Issuer: All for One Midmarket AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Deutschland
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: dirk.sonntag@all-for-one.com
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

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