All for One Group SE — Earnings Release 2010

Feb 15, 2011

‐Month Report as at 31 December 2010

KEY FIGURES

(IFRS)		10/2010 – 12/2010	10/2009 – 12/2009	Δ
Sales revenues	KEUR	22,514	20,128	12%
EBITDA	KEUR	2,195	1,938	13%
EBITDA margin	%	9.7	9.6
EBIT	KEUR	1,394	999	40%
EBIT margin	%	6.2	5.0
Earnings after tax	KEUR	1,194	772	55%
Return on sales	%	5.3	3.8
Employees (period end)	Number	435	418	4%
Full‐time equivalents (ø)	Number	400	391	2%
Earnings per share	EUR	0.24	0.13	85%

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		31.12.2010	30.09.2010	Δ
Net liquidity	KEUR	10,099	9,797	3%
Shareholders' equity Equity ratio	KEUR %	33,638 56	32,408 55	4%
Balance sheet total	KEUR	59,610	59,295	1%

Certain statements within this interim report constitute forward‐looking statements that involve forecasts, estimates or expectations and are subject to risks and uncertainties. The actual results, performance and achievements can deviate from those expressed or implied in these forward‐looking statements. Changes in the general economic and competitive situation, particularly in the core business divisions and markets, and changes in legislation, particularly those related to taxes, can cause such deviations. The German version of this interim report is definitive.

The company assumes no obligation to update statements made in this interim report.

Dear Shareholders, Ladies and Gentlemen,

»A good 43 percent more orders than a year ago« is what the VDMA Engineering Federation had to say about the November figures for the German machinery and equipment manufacturing industry. After a 6% plus in the year 2010 as a whole, the industry now wants to post an 8% plus in 2011 (Source: Handelsblatt, 12 January 2011). Business is also on the upswing in the automotive supplier sector and among project services companies. This is all a source of great momentum for our business, which is based on a strong market position as an SAP full‐service provider in exactly these industries.

Once again we expanded our customer base and concluded important contracts with new clients in this 1st quarter of our new financial year 2010/11 (1 October 2010 to 30 September 2011). Quarterly sales revenues improved 12% from EUR 20.1 million (Oct – Dec 2009) to EUR 22.5 million (Oct – Dec 2010). The EBIT increased during the same period from EUR 1.0 million to 1.4 million. The current EBIT margin is 6% (Oct – Dec 2009: 5%). Besides the ongoing market recovery and our rigorous cost management programme, the things that improved our earnings most were the recurring revenues from outsourcing services (plus 12% over the prior‐year quarter) and the increase in licensing revenues (plus 53%). The funding and liquidity situation remains solid and stable. We are continuing to move steadily along the strategic path as one of the leading SAP full‐service providers.

On 20 December 2010 we decided to cancel 540,000 shares of treasury stock and subsequently reduce the amount of share capital. With this action the number of issued shares declined to 4,860,000.

At the annual general meeting of BEKO HOLDING AG on 4 February 2011, it was decided that the approximately 73% of the shareholdings that BEKO holds in All for One Midmarket AG should be transferred as part of a split‐off to CROSS Informatik GmbH (which belongs to CROSS Industries AG), thus making it the new majority shareholder of All for One. This new majority shareholder also wants to submit a voluntary public takeover offer to the shareholders. Together with CROSS, an Austrian industrial holding group in the automotive sector to which a number of important automotive parts and compo‐ nents companies belong, we want to realise additional growth and added value potential and further enhance our already good visibility in this industrial segment.

The good business performance in the first 3 months is attributable to our generally strong end‐of‐year business. We are therefore pleased to reaffirm our previously announced projection for the financial year 2010/11 of an increase in revenues in the mid‐single‐digit range and an EBIT of approximately EUR 3.4 million.

Our annual general meeting will be held on 16 March 2011 at the Filderhalle in Leinfelden‐Echterdingen. More details about the meeting are available (in German) on our website www.all‐for‐one.com/hauptversammlung. We look forward to seeing you there.

Yours sincerely,

Lars Landwehrkamp Chief Executive Officer Stefan Land Chief Financial Officer

INTERIM MANAGEMENT REPORT

from 1 October to 31 December 2010

Sales Performance

Sales by Type

All for One Midmarket AG's new financial year 2010/11 begins – deviating from the calendar year – on 1 October 2010 and ends on 30 September 2011. The current reporting period, for the first 3 months and the 1st quarter respectively, covers the timeframe of 1 October to 31 December 2010 as well as its corresponding prior‐year period.

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Quarterly sales up 12% / Recurring outsourcing services revenues up 12% after 3 months

All for One Midmarket AG increased its sales revenues by 12% from EUR 20.1 million to 22.5 million in the 1st quarter of the financial year 2010/11.

The recurring sales revenues from outsourcing services (including software maintenance) improved 12% to EUR 8.5 million (Oct – Dec 2009: EUR 7.6 million) during the current 3‐month reporting period. The ongoing market success achieved as this important segment expands, not only reinforces the strategy of being a one‐stop shop for SAP in the midmarket segment, but also highlights its remarkable potential.

Consulting revenues declined 3% to EUR 8.4 million EUR (Oct – Dec 2009: EUR 8.6 million). The sharp jump in licensing revenues, which increased by 53% from EUR 3.3 million to 5.0 million in 3‐month comparison, was the result of having contracted numerous projects for new clients, whose need for consulting support as the year progresses is also expected to be reflected in greater consulting revenues.

Earnings

EBITDA increases from EUR 1.9 million to 2.2 million / EBIT margin at 6%

The ratio of the cost of traded goods to sales revenues improved from 32% (Oct – Dec 2009) to 35% (Oct – Dec 2010). This development is attributable primarily to the major increase in licensing revenues, whose share of total revenues rose from 16% (Oct – Dec 2009) to 22% (Oct – Dec 2010). Although personnel expenses increased 5% to EUR 9.3 million (Oct – Dec 2009: EUR 8.9 million), economies of scale caused its share of sales revenues to drop from 44% (Oct – Dec 2009) to 41%. Thanks to strict cost management, other operating expenses increased only by an amount of EUR 0.4 million to 3.5 million (Oct – Dec 2009: EUR 3.1 million).

The EBITDA after 3 months was EUR 2.2 million (Oct – Dec 2009: EUR 1.9 million). The corresponding EBIT was EUR 1.4 million (Oct – Dec 2009: EUR 1.0 million) and equates to an EBIT margin of 6%.

The financial result after 3 months was an unchanged EUR 0.1 million (Oct – Dec 2009: EUR 0.1 million), which allowed an EBT of EUR 1.5 million (Oct – Dec 2009: EUR 1.1 million) to be achieved. The income‐tax burden for the current reporting period amounted to 18% of the EBT (Oct – Dec 2009: 27%).

The 3‐month earnings after income taxes for the Group were EUR 1.2 million (Oct – Dec 2009: EUR 0.8 million), which corresponds to 24 euro cents (Oct – Dec 2009: 13 euro cents) per share determined on the basis of an average 4,860,000 shares outstanding (Oct – Dec 2009: 5,168,209 shares).

Performance in the Business Divisions

All for One Midmarket AG's segment reporting comprises the »Integrated Solutions« and »HR Solutions« business divisions. The Group costs are allocated to both segments on a pro rata basis.

Integrated Solutions Business Division

The Integrated Solutions segment encompasses a full range of products and services geared towards end‐to‐end customer support that starts with management consulting and extends from software licenses, industry solutions, implementation and optimisation projects all the way to software maintenance, outsourcing and managed services. 3‐month segment sales increased by 13% to EUR 19.2 million (Oct – Dec 2009: EUR 16.9 million). The rise in business volume, further improvements in processes and quality of sales and the resulting gains in efficiency led to a major increase in operating earnings. The segment's EBIT was EUR 1.3 million (Oct – Dec 2009: EUR 0.9 million). The EBIT margin relating to segment sales was 7% (Oct – Dec 2009: 5%).

HR Solutions Business Division

At the heart of the HR Solutions segment is the human resources platform SAP HCM (Human Capital Management), which forms the basis for providing comprehensive implementation, consulting and support services all the way to recurring HR outsourcing and HR business process outsourcing services. The hesitance in awarding HR consulting contracts that was observed over the past few quarters has increased the pressure on many companies to finally take some action. In the meantime, the reluctance to make investments in the HR sector is beginning to diminish. This is why the year‐on‐year sales performance for this segment from October to December 2010 increased 5% to EUR 3.5 million (Oct – Dec 2009: EUR 3.4 million). The segment's EBIT was KEUR 55 (Oct – Dec 2009: KEUR 109).

Financial Position

Group Balance Sheet

The decline in non‐current assets from EUR 25.6 million (30 September 2010) to EUR 25.2 million (31 December 2010) is primarily a result of the reduction in other intangible assets.

Trade accounts receivable improved from EUR 12.5 million (30 September 2010) to EUR 14.8 million as at 31 December 2010 in the course of further sales growth, particularly the major increase in licensing revenues. Cash and cash equivalents narrowed from EUR 17.3 million (30 September 2010) to EUR 15.8 million (31 December 2010) (details in the notes under »6. Financial Liabilities«). All together, financial liabilities decreased from EUR 7.5 million to 5.7 million. As business volume increased, so too did the trade accounts payable, which grew from EUR 5.3 million (30 September 2010) to EUR 5.9 million (31 December 2010).

Net liquidity was EUR 10.1 million as at 31 December 2010 (30 September 2010: EUR 9.8 million). The equity ratio, which further improved from 55% (30 September 2010) to 56% (31 December 2010), also underscores the Group's solid balance sheet structure. The balance sheet total increased from EUR 59.3 million (30 September 2010) to EUR 59.6 million (31 December 2010).

The cancellation of treasury stock and the related reduction in share capital were approved on 20 December 2010. Since the capital reduction is only effective upon filing in the commercial register, and this filing is still pending, the equity items affected by this reduction are presented unchanged.

Cash Flow and Investments

Despite a major short‐term increase in receivables, the improved level of earnings led to a cash flow from operating activities of EUR 0.8 million in the current reporting period. The cash flow from operating activities in the corresponding prior‐year period (Oct – Dec 2009) was minus EUR 1.2 million, the reasons for which include the weaker level of earnings as well as the reduction of trade and other payables during the period of October to December 2009 as compared to the current reporting period.

The net cash used in investing activities increased during the current reporting period to EUR 0.4 million (Oct – Dec 2009: EUR 0.3 million). Investments in tangible fixed assets were made predominantly as a result of further customer growth in the field of outsourcing services. This resulted in a free cash flow of approximately EUR 0.4 million (Oct – Dec 2009: minus EUR 1.5 million).

The cash flow from financing activities was minus EUR 2.4 million (Oct – Dec 2009: minus EUR 1.9 million). Unscheduled principal payments were made in the reporting period and the prior‐year period in order to accelerate the repayment of existing bank loans. Cash funds as at 31 December 2010 totalled EUR 15.7 million compared to EUR 13.3 million as at 31 December 2009.

Employees

Last year All for One Midmarket AG took part in the benchmark »Great Place to Work« survey. The very first time it participated, All for One was placed among the top 100 companies and thus ranks as one of Germany's best employers »Deutschlands Beste Arbeitgeber 2010«. The receipt of this award and the enterprising implementation of the findings from this benchmark survey have further enhanced All for One's image as an employer of choice and leading full‐service provider in the SAP midmarket segment. The number of employees increased to 435 as at 31 December 2010 (31 December 2009: 418). The average personnel capacity increased from 391 (Oct – Dec 2009) to 400 full‐time equivalents (Oct – Dec 2010).

Outlook for the Financial Year 2010/11

The economic upturn is gaining momentum. For companies in the machinery and equipment manufacturing, automotive supplier and project services industries there are strong indications that this trend toward economic recovery will continue.

The comparatively good financial performance during the period of October to December 2010 is also due to the seasonal pattern of strong year‐end business that is typical for the IT industry. All for One Midmarket AG is therefore pleased to reaffirm its previously announced projection for the financial year 2010/11 of an increase in revenues in the mid‐single‐digit range and an EBIT of approximately EUR 3.4 million. Potential insolvencies among our customer base continue to pose the greatest risks to the Group.

Subsequent Events

At the annual general meeting of BEKO HOLDING AG on 4 February 2011, it was decided that the approximately 73% of the shareholdings that BEKO holds in All for One Midmarket AG should be transferred as part of a split‐off to CROSS Informatik GmbH (which belongs to CROSS Industries AG), thus making it the new majority shareholder of All for One. On 4 February 2011 this company, which is in the process of being established, announced its decision to submit a voluntary public takeover offer to the shareholders of All for One Midmarket AG.

Lars Landwehrkamp Chief Executive Officer Stefan Land Chief Financial Officer

Group Income Statement from 1 October to 31 December 2010

in KEUR	10/2010 – 12/2010	10/2009 – 12/2009
Sales revenues	22,514	20,128
Other operating income	250	257
Cost of traded goods and third party services	‐7,790	‐6,476
Personnel expenses	‐9,279	‐8,870
Depreciation and amortisation (4)	‐801	‐939
Other operating expenses	‐3,500	‐3,101
EBIT	1,394	999
Financial income	153	178
Financial expense	‐90	‐120
Financial result	63	58
EBT	1,457	1,057
Income tax (7)	‐263	‐285
Earnings after tax	1,194	772
attributable to equity holders of the parent	1,145	697
attributable to minority interests	49	75
Undiluted and diluted earnings per share
Earnings per share in EUR	0.24	0.13

Group Comprehensive Income Statement

from 1 October to 31 December 2010

in KEUR	10/2010 – 12/2010	10/2009 – 12/2009
Earnings after tax	1,194	772
Foreign currency translation differences for foreign operations	36	10
Total comprehensive income	1,230	782
attributable to equity holders of the parent	1,183	711
attributable to minority interests	47	71
Average number of shares outstanding (undiluted and diluted)	4,860,000	5,168,209

Group Balance Sheet as at 31 December 2010

ASSETS
in KEUR	31.12.2010	30.09.2010
Non‐current assets
Goodwill	4,867	4,867
Other intangible assets	8,654	8,909
Tangible fixed assets	5,280	5,247
Financial assets (5)	3,438	3,538
Deferred tax assets	2,971	3,011
	25,210	25,572
Current assets
Inventories	387	378
Trade accounts receivable	14,807	12,494
Current income tax assets	245	188
Financial assets (5)	2,475	2,583
Other assets	639	740
Cash and cash equivalents	15,847	17,340
	34,400	33,723
Total assets	59,610	59,295
EQUITY AND LIABILITIES
in KEUR	31.12.2010	30.09.2010
Equity
Issued share capital	16,200	16,200
Treasury stock	‐2,354	‐2,354
Capital reserve	7,229	7,229
Reserve from currency translation	339	300
Retained earnings	11,038	9,894
Share of equity attributable to equity holders of the parent	32,452	31,269
Minority interests	1,186	1,139
Total equity	33,638	32,408
Non‐current liabilities
Provisions	131	184
Post‐employment benefit liabilities	403	349
Financial liabilities (6)	4,666	6,394
Deferred tax liabilities	3,814	3,793
Other liabilities	0	13
	9,014	10,733
Current liabilities
Provisions	182	235
Current income tax liabilities	331	320
Financial liabilities (6)	1,082	1,149
Trade accounts payable	5,890	5,305
Other liabilities	9,473	9,145
	16,958	16,154
Total liabilities	25,972	26,887
Total equity and liabilities	59,610	59,295

Group Cash Flow Statement from 1 October to 31 December 2010

in KEUR	10/2010 – 12/2010	10/2009 – 12/2009
EBT	1,457	1,057
Amortisation of intangible assets	293	351
Depreciation of tangible fixed assets	508	588
Financial result	‐63	‐58
EBITDA	2,195	1,938
Increase (+) / decrease (‐) in cumulative value adjustments and provisions	‐18	121
Other non‐cash expense (+) and income (‐)	‐2	1
Changes in assets and liabilities:
Increase (‐) / decrease (+) in trade receivables	‐2,335	‐2,315
Increase (‐) / decrease (+) in financial assets	208	288
Increase (‐) / decrease (+) in other assets	83	105
Increase (+) / decrease (‐) in trade payables	584	‐590
Increase (+) / decrease (‐) in other liabilities	308	‐604
Income tax paid	‐243	‐157
Cash flow from operating activities	780	‐1,213
Purchase of intangible, tangible fixed and other assets	‐588	‐492
Sale of intangible, tangible fixed and other assets	10	0
Interest received	148	178
Cash flow from investing activities	‐430	‐314
Repurchased treasury stock	0	‐72
Cash flow from bank borrowings and long‐term financial liabilities	25	1,817
Repayment of bank borrowings / overdrafts	‐1,589	‐3,758
Interest paid	‐46	‐130
Repayment of finance leases	‐256	‐256
Cash flow from financing activities	‐1,866	‐2,399
Changes in disposable cash and cash equivalents	29	29
Decrease / increase in cash and cash equivalents	‐1,487	‐3,897
Effect of exchange rate fluctuations on cash funds	23	7
Cash flow from sale of equity interests	0	623
Cash funds at the beginning of the period	17,191	16,587
Cash funds at the end of the period	15,727	13,320
Composition of cash funds at the end of the period
Cash and cash equivalents according to the balance sheet	15,847	13,558
Less cash und cash equivalents not disposable	‐120	‐238
Cash funds at the end of the period	15,727	13,320

Statement of Changes in Equity of the Group from 1 October 31 December 2010

				Share of equity attributable to equity holders of the parent		Minority interests	Share‐ holders' equity
in KEUR	Issued share capital	Treasury stock	Capital reserve	Reserve from currency translation	Retained earnings
1 October 2009	16,200	‐1,023	7,229	72	7,960	1,069	31,507
Repurchased treasury stock	0	‐72	0	0	0	0	‐72
Total comprehensive income	0	0	0	14	697	71	782
31 Decenber 2009	16,200	‐1,095	7,229	86	8,657	1,140	32,217
1 October 2010	16,200	‐2,354	7,229	300	9,894	1,139	32,408
Repurchased treasury stock	0	0	0	0	0	0	0
Total comprehensive income	0	0	0	39	1,144	47	1,230
31 December 2010	16,200	‐2,354	7,229	339	11,038	1,186	33,638

Shares Held by Board Members

as at 31 December 2010

SHARES	31/12/2010	30/09/2010
Supervisory Board
Peter Brogle	31,863	31,863
Peter Fritsch	24,000	24,000
Josef Blazicek	13,000	13,000
Management Board
Lars Landwehrkamp	50,000	50,000
Stefan Land	32,735	32,735
	151,598	151,598

NOTES TO THE INTERIM REPORT

from 1 October to 31 December 2010

1. General Principles

The consolidated interim financial statements of All for One Midmarket AG as at 31 December 2010 were prepared in accordance with the International Financial Reporting Standards (IFRS) as formulated by the International Accounting Standards Board (IASB). These consolidated interim financial statements comply with IAS 34 »Interim Financial Reporting«. The consolidated interim financial statements have not been audited.

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The consolidated interim financial statements take into account all current business transactions, accruals and deferrals, which in the view of the company are necessary to ensure a true and fair view of the interim results. The company believes that the information and explanations are presented properly and that they provide an accurate picture of the earnings, assets and financial situation.

2. Accounting and Valuation Methods

These consolidated interim financial statements were prepared using the accounting and valuation methods that applied for the consolidated financial statements as at 30 September 2010.

3. Seasonal Fluctuations

The business divisions are subject to various seasonal fluctuations. In addition, the signing of major contracts and the servicing of large orders can result in significant differences in sales revenues and earnings.

4. Depreciation and Amortisation

Included under this item is regular amortisation of intangible assets in the amount of KEUR 293 (comparable period: KEUR 351).

5. Financial Assets

The financial assets as at 31 December 2010 primarily include receivables from finance lease agreements in an amount totalling KEUR 5,853 (30 September 2010: KEUR 5,976), the current portion of which is KEUR 2,449 (30 September 2010: KEUR 2,482).

6. Financial Liabilities

The financial liabilities as at 31 December 2010 include liabilities to banks totalling KEUR 3,763 (30 September 2010: KEUR 5,352), the current portion of which is KEUR 90 (30 September 2010: KEUR 157). The financial liabilities as at 31 December 2010 also include obligations from finance lease agreements in an amount totalling KEUR 1,986 (30 September 2010: KEUR 2,191), the current portion of which is KEUR 992 (30 September 2010: KEUR 992).

Early principal repayments in a total amount of EUR 1.5 million were made against existing loan agreements in December 2010.

7. Income Taxes

Of the reported income taxes, KEUR 60 (comparable period: KEUR 27) are deferred taxes.

8. Deferred Tax Assets

The pending change in majority shareholder will result in a reduction of the corporation and municipal trade tax loss carry forwards of All for One Midmarket AG. Additional information about this can be found on page 57 (Note 14) of the English version of the annual report for the financial year 2009/10.

9. Segment Reporting

The segment information for the reporting period is as follows:

		Integrated Solutions		HR Solutions		Consolidation		Group
	10/10 –	10/09 –	10/10 –	10/09 –	10/10 –	10/09 –	10/10 –	10/09 –
in KEUR	12/10	12/09	12/10	12/09	12/10	12/09	12/10	12/09
Sales to external customers	19,076	16,855	3,438	3,273	0	0	22,514	20,128
Intersegment sales	98	77	108	110	‐206	‐187	0	0
Segment sales	19,174	16,932	3,546	3,383	‐206	‐187	22,514	20,128
EBITDA	2,046	1,692	149	246	0	0	2,195	1,938
EBIT	1,339	890	55	109	0	0	1,394	999
Financial result	85	72	‐22	‐14	0	0	63	58
Earnings before tax	1,424	962	33	95	0	0	1,457	1,057
Income tax	‐227	‐229	‐36	‐56	0	0	‐263	‐285
Result for the period	1,197	733	‐3	39	0	0	1,194	772
Full‐time equivalents (average)	293	289	107	102	0	0	400	391

10. Related Parties

Sales were generated with group companies of BEKO HOLDING AG and CROSS Industries AG in connection with support for data processing applications and the operation of an SAP system. At the same time, IT services for internal SAP systems and other services were purchased from the Group companies of BEKO HOLDING AG. All business transactions with related parties were made at terms and conditions that are customary for dealings with third parties. Additional information about this can be found on pages 65 and 66 (Note 31) of English version of the annual report for the financial year 2009/10.

11. Parent Company, Voting Rights Announcement and Number of Voting Rights

All for One Midmarket AG, Filderstadt‐Bernhausen, Germany, ISIN: DE0005110001, WKN: 511000 informs according to Article 26, Section 1 Sentence 2 of the WpHG that its Voting Rights in own shares have fallen below the 10%, 5% and 3% limit of the Voting Rights on December 20, 2010 and on that day amounted to 0.00% (this corresponds to 0 Voting Rights).

On December 20, 2010, BEKO Holding AG, Nöhagen, Austria, has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on All for One Midmarket AG, Filderstadt‐Bernhausen, Germany, ISIN: DE0005110001, WKN: 511000, have fallen below the 75% limit of the Voting Rights on December 20, 2010 and on that day amounted to 73.01% (this corresponds to 3,548,336 Voting Rights).

All for One Midmarket AG hereby announces that at the end of the month December 2010 the number of Voting Rights amounts to a total of 4,860,000 Voting Rights. The change of Total Voting Rights is effective as of December 20, 2010.

INVESTOR RELATIONS

Facts and Figures

Key Figures of the Share

ISIN / WKN	DE0005110001 / 511 000
Market Segment	Prime Standard
Date of Listing	30 November 1998
Share Capital	EUR 14.58 million*
Number of Shares	4,860,000 (registered shares)*
Par Value	EUR 3

* Pending entry in the commercial register

Shareholder Structure

(Approximate distribution based on shareholder statements)
BEKO HOLDING AG (until 3 February 2011)**	73%
Management and Supervisory Board	3%

** A large part of these shares is to be split off (see section Subsequent Events).

Financial Calendar

16 March 2011	Annual General Meeting
12 May 2011	Half‐Year Financial Report as at 31 March 2011
9 August 2011	9‐Month Report as at 30 June 2011
19 December 2011	Publication of Annual and Consolidated Financial Statements 2010/11

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All for One Midmarket AG

All for One Midmarket AG ranks as one of the leading SAP full‐service providers for the mid‐size business market where German is spoken. The SAP Gold Partner's portfolio comprises end‐to‐end solutions along the whole of the IT value chain – from SAP industry solutions to outsourcing services and application management. As a one‐stop‐shop for all SAP‐related services, All for One Midmarket AG is a reliable general contractor for small and medium enterprises. With more than 400 employees, it serves over 1,000 clients among machinery and equipment manufacturers, automotive suppliers and project and engineering service providers. As a founding member of United VARs, the global network of leading SAP partners for small and medium enterprises, All for One Midmarket AG guarantees a comprehensive consulting and service portfolio as well as the best local support in more than 56 countries.

www.all‐for‐one.com

All for One Midmarket AG

Gottlieb‐Manz‐Straße 1 70794 Filderstadt Germany T +49 711 788 07 ‐ 0 F +49 711 788 07 ‐ 699