All for One Group SE — Earnings Release 2012

May 8, 2012

News Details

Ad-hoc | 8 May 2012 16:09

All for One Steeb AG: 6-Month Results for the Financial Year 2011/12

All for One Steeb AG / Key word(s): Half Year Results/Forecast

08.05.2012 16:09

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The issuer is solely responsible for the content of this announcement.

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All for One Steeb AG - 6-Month Results for the Financial Year 2011/12

Results for the period 1 October 2011 to 31 March 2012 (unaudited):
- Revenues: EUR 71.3 million (+64% over Oct 10 - Mar 11)

• EBIT: EUR 2.9 million (+33% over Oct 10 - Mar 11)

• Net Group earnings: EUR 2.8 million (+56% over Oct 10 - Mar 11)

• Equity ratio: 33% (30 Sep 2011: 59%)

• More specific forecast

Filderstadt, 8 May 2012 - All for One Steeb AG, which holds a leading
position in the German-speaking SAP midmarket segment, today published its
results for the period of 1 October 2011 to 31 March 2012. Steeb
Anwendungssysteme GmbH (Steeb) has been consolidated since 1 December 2011.

This SAP full-service provider boosted its revenues by 64% from EUR 43.4
million to 71.3 million. On a strictly organic basis - not including Steeb
- the company posted a revenue increase of 22%.

The recurring revenues from outsourcing services (including software
maintenance) increased during the latest 6-month period by 79% to EUR 30.9
million (Oct 2010 - Mar 2011: EUR 17.3 million). In addition to an improved
market position derived from years of increasing growth - Pierre Audoin
Consultants (PAC) already ranks All for One Steeb among the top 12 SAP
hosting providers in Germany - it was Steeb's substantial base of
software-maintenance customers that also contributed to this further
accelerated surge in revenues. Thus the share of recurring revenues to
total sales was 43% (Oct 2010 - Mar 2011: 40%).

Business among new and existing customers continues to trend sharply
upwards. Licensing revenues improved 77% to EUR 11.8 million (Oct 2010 -
Mar 2011: EUR 6.7 million), while consulting revenues rose by 52% to EUR
27.2 million (Oct 2010 - Mar 2011: EUR 17.9 million).

The EBIT posted an upturn of 33% to EUR 2.9 million (Oct 2010 - Mar 2011:
EUR 2.2 million). This figure includes one-time transaction- and
integration-related charges in the amount of EUR 1.9 million. The EBIT
margin was 4% (Oct 2010 - Mar 2011: 5%).

After a gain of 56%, net Group earnings totalled EUR 2.8 million (Oct 2010
- Mar 2011: EUR 1.8 million) and include a contribution to earnings of EUR
0.9 million from the discontinued operation. Earnings per share were 50
euro cents (Oct 2010 - Mar 2011: 33 euro cents).

The acquisition of Steeb was predominantly debt-financed. The equity ratio
thus declined from 59% (30 September 2011) to 33% (31 March 2012). The
number of employees as at 31 March 2012 rose to 684 (31 March 2011: 458).

Being more specific about its forecast for the financial year 2011/12, and
in light of the strong market demand for services from this SAP
full-service provider, All for One Steeb AG now expects a revenue increase
of 60% over that of the prior-year period. The EBIT before transaction and
integration costs is projected to be EUR 6.0 million and remain clearly
positive even after one-time charges are subtracted. Total sales of more
than EUR 160 million and an EBIT margin of more than 5% are expected to be
reached as early as in the financial year 2012/13 once the integration
phase has been completed. Although it cannot be ruled out, there is still
no sign of any slowdown in the economy.

Additional details can be found in the half-year financial report as at 31
March 2012, which will be published as scheduled on 15 May 2012.

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

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Language: English
Company: All for One Steeb AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Germany
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, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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