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All for One Group SE — Earnings Release 2009
May 11, 2009
27_rns_2009-05-11_88c37f73-f235-4b6a-9056-4a2362ed2120.html
Earnings Release
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News Details
Corporate | 11 May 2009 12:07
All for One Midmarket AG Finishes 1st Quarter with a Plus Against the Trend
All for One Midmarket AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
All for One Midmarket AG Finishes 1st Quarter with a Plus Against the Trend
AC-Service (Schweiz) AG reported as discontinued operation pending
divestment / Continuing operations post a sales plus of 11% over Q1 2008 /
EBITDA increases 2% to EUR 1.1 million / EBIT at EUR 0.2 million (Q1 2008:
EUR 0.4 million) / Core outsourcing services business grows 22%
Filderstadt, 11 May 2009 - All for One Midmarket AG, a leader in the
German-language SAP midmarket segment, finished the 1st quarter 2009
favourably and positively distanced itself from what is currently a waning
IT market. The SAP full-service provider was able to improve sales revenues
by 11% to EUR 19.9 million (Q1 2008: EUR 18.0 million) despite operating
predominantly for companies in the automotive and the machinery and
equipment manufacturing industries, which were the ones hardest hit by the
economic crisis.
AC-Service (Schweiz) AG is no longer included in these figures, since the
95% equity interest in this company is to be sold in the near future (see
the related ad-hoc announcement dated 23 April 2009). This equity interest
is reported separately as a »discontinued operation«.
Significant new-customer projects, including the largest SAP licensing deal
in the entire midmarket segment in Germany, led to sales revenues from SAP
licenses (Q1 2009: EUR 2.7 million) that were higher than expected. In the
case of the 1st quarter 2008, it was the largest licensing contract in the
company's history that was mainly responsible for generating licensing
revenues totalling EUR 4.1 million. Following record investments in new
mirrored high-end data centers in 2008, and in integrating the business
model, the recurring outsourcing revenues from the continuing operations in
the 1st quarter 2009 increased 22% to EUR 6.6 million as compared to the
1st quarter 2008, and accounted for about 1/3 of total sales revenues.
Thanks to a high degree of capacity utilisation, consulting revenues also
improved 30% to EUR 9.5 million on a quarterly comparison.
Despite expenses in the 1st quarter 2009 relating to increased risk
provisioning for doubtful accounts, the EBITDA of the continuing operations
increased some 2% to EUR 1.1 million. The corresponding EBIT was EUR 0.2
million (Q1 2008: EUR 0.4 million), while the EBT was EUR 0.3 million (Q1
2008: EUR 0.4 million).
The total earnings after tax in the 1st quarter 2009 of EUR 0.1 million
also include the contribution to earnings of the discontinued operation.
Besides AC-Service (Schweiz) AG, the corresponding prior-year figure (Q1
2008: EUR 0.5 million) also included ACCURAT Informatik GmbH which was sold
on 19 May 2008. The equity ratio was 45% as at 31 March 2009 (end of prior
year: 45%) and cash and cash equivalents totalled EUR 7.5 million (end of
prior year: EUR 8.5 million).
All for One Midmarket AG is well-positioned following a comprehensive
corporate restructuring in 2008. The company's external financing is geared
to the long term. The individual performance elements that comprise its
overall range of services increasingly reinforce one another as the
portfolio is further enhanced. At the same time, this robustly growing
portfolio lessens the company's dependence on one-time sales revenues from
new business. Despite what is an extremely demanding environment, All for
One Midmarket AG still expects - contrary to the downward IT market trend -
a modest increase in sales revenues for the year 2009. The emphasis will,
however, be on improving operational profitability.
The complete financial report for the 1st quarter 2009 will be published as
scheduled on 12 May 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, eMail
[email protected]
11.05.2009 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: [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