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All for One Group SE — Earnings Release 2011
Feb 29, 2012
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Earnings Release
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Corporate | 29 February 2012 10:42
All for One Midmarket AG Publishes 3-Month Report for the 1st Quarter
All for One Midmarket AG / Key word(s): Quarter Results/Forecast
29.02.2012 / 10:42
All for One Midmarket AG Publishes 3-Month Report for the 1st Quarter 2011/12
Results for the period 1 October to 31 December 2011:
– Revenues: EUR 33.9 million (+51% over Oct – Dec 10)
– EBIT: EUR 2.2 million (+ 55% over Oct – Dec 10)
– Net group earnings: EUR 1.8 million (+ 55% over Oct – Dec 10)
– Equity ratio: 30% (30 Sep 2011: 59%)
– New All for One Steeb brand well received
Filderstadt, 29 February 2012 – All for One Midmarket AG, which holds a leading position in the German-language SAP midmarket segment and has re-branded the group under the name All for One Steeb following its recent acquisition of Steeb Anwendungssysteme GmbH, today published its 3-month report for the period of 1 October to 31 December 2011. The wholly-owned subsidiary Steeb was consolidated on 1 December 2011.
This SAP full-service provider increased revenues 51% from EUR 22.5 million to EUR 33.9 million in the 1st quarter of the financial year 2011/12. 50% of this increase is attributable to pure organic growth and the other 50% to the inclusion of Steeb. Recurring revenues from outsourcing services (including software maintenance) posted a gain of 46% to EUR 12.4 million (Oct – Dec 2010: EUR 8.5 million) in this latest 3-month reporting period. In addition to an improved market position derived from years of continuous growth – the most recent ranking by analysts at Pierre Audoin Consultants (PAC) already puts All for One among the top 12 SAP hosting providers in Germany – it was Steeb’s substantial base of software-maintenance customers that contributed to these accelerated gains. The volume of business among new and existing customers continues heading sharply upwards. Licensing revenues increased 77% to EUR 8.8 million (Oct – Dec 2010: EUR 5.0 million), while consulting revenues rose 43% to EUR 12.0 million (Oct – Dec 2010: EUR 8.4 million).
The EBIT improved a remarkable 55% to EUR 2.2 million (Oct – Dec 2010: EUR 1.4 million) despite one-time transaction- and integration-related charges of EUR 1.3 million in the 1st quarter 2011/12. The EBIT margin was 6% (Oct – Dec 2010: 6%). Net group earnings posted a gain of 55% to EUR 1.8 million (Oct – Dec 2010: EUR 1.2 million). Earnings per share were 35 euro cents (Oct – Dec 2010: 24 euro cents).
The acquisition of Steeb was largely debt-financed. The equity ratio declined from 59% (30 September 2011) to 30% (31 December 2011). The number of employees as at 31 December 2011 increased to 679 (31 December 2010: 435).
For the financial year 2011/12 All for One Steeb expects an increase in revenues of between 55% and 60% over those of the prior-year period. Although burdened by one-time transaction and integration costs, the EBIT for the combined company is nevertheless expected to remain clearly positive in the financial year 2011/12. After completion of the integration phase, which is proceeding on schedule, it is likely that total revenues of EUR 160 million and an EBIT margin of more than 5% can be achieved as early as in the financial year 2012/13. So far there have been no indications of an economic slowdown, although such cannot be ruled out.
More details in the 3-Month Report as at 31 December 2011 published as scheduled on 29 February 2012 at www.all-for-one.com/quarterly-report.
About All for One Steeb
The brand »All for One Steeb« represents the integrated market presence of All for One Midmarket AG and its 100% subsidiary Steeb Anwendungssysteme GmbH. All for One Steeb ranks as one of the leading SAP full-service providers for the mid-sized 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 Steeb is a reliable general contractor for small and mid-sized enterprises. With around 700 employees, it serves over 2,000 clients among machinery and equipment manufacturers, automotive suppliers, consumer goods industry, technical wholesalers and project and engineering service providers. As a founding member of United VARs, the global network of leading SAP partners for small and mid-sized enterprises, All for One Steeb guarantees a comprehensive consulting and service portfolio as well as the best local support in more than 56 countries. All for One Steeb ranks among Germany’s best employers (Great Place to Work 2010) and the best IT consultants for the German midmarket (TOP CONSULTANT 2011).
In the financial year 2010/11, All for One Midmarket AG achieved a turnover of EUR 90 million – not including Steeb. The company is listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000).
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Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail [email protected]
End of Corporate News
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| Language: | English |
| Company: | All for One Midmarket 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: | [email protected] |
| 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 News | DGAP News-Service |
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| 158638 29.02.2012 |