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All for One Group SE — Earnings Release 2008
Feb 10, 2009
27_rns_2009-02-10_b91fdca4-8d6a-422f-8ef9-acf9c7c8d7a1.html
Earnings Release
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News Details
Ad-hoc | 10 February 2009 20:18
All for One Midmarket AG with Preliminary Figures for 2008
All for One Midmarket AG / Preliminary 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 with Preliminary Figures for 2008
Preliminary figures: Sales up 9% to EUR 85.2 million / EBIT slips to minus
EUR 0.5 million (prior year: EUR 1.0 million) / Additional expenses due to
increased risk provisions and growth-related corporate restructuring /
Sales goals met / EBIT expectations fall short / Solid financial situation
Filderstadt, 10 February 2009 – Based on the preliminary figures available
today, All for One Midmarket AG, a leader in the SAP midmarket segment in
Germany, Austria and Switzerland, not only succeeded in moving ahead with
its robust growth strategy for a third year in a row, but also performed
well above the average for the industry. Sales rose 9% from EUR 78.1 to
85.2 million. This sales increase was even 14% higher than the prior year
adjusted for one-time hardware sales revenues. The company finished at the
high end of its sales projection of EUR 82 to 85 million that was announced
in April 2008. Taken in isolation, the 4th Quarter 2008 saw sales of EUR
22.5 million (Q4 2007: EUR 21.7 million) and an EBIT of minus EUR 0.8
million (Q4 2007: minus EUR 0.2 million) in the course of the economic
slowdown.
The preliminary EBIT for 2008 is minus EUR 0.5 million (prior year: EUR 1.0
million) and is clearly below expectations. Risk provisions had to be
increased in the face of the economic downturn. The successfully completed
projects implemented to further enhance and strengthen the integrated
business model led to higher-than-anticipated costs. Growth-related record
investments were made in two new mirrored high-end data centers in
Frankfurt and in the consolidation of four office locations in Germany,
including the move to new headquarters. The EBIT for 2007 of EUR 1.0
million included one-time proceeds of some EUR 0.7 million from tax credits
relating to other periods.
Cash and cash equivalents as at 31 December 2008 amounted to EUR 8.5
million (31 December 2007: EUR 7.4 million). The financial situation of the
company is solid.
All for One Midmarket AG will be publishing its complete 2008 consolidated
financial statements as scheduled in conjunction with its balance sheet
press conference to be held on 24 March 2009.
Information and Explaination of the Issuer to this News:
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 through to outsourcing services and application management. All
for One Midmarket AG pursues a clear growth strategy and achieved a Group
turnover of 78.1 million Euros in 2007.
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 57% 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]
10.02.2009 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