DGAP-News: COR&FJA AG: COR&FJA presents its financial report for the first quarter of 2012
(firmenpresse) - DGAP-News: COR&FJA AG / Key word(s): Quarter Results
COR&FJA AG: COR&FJA presents its financial report for the first
quarter of 2012
24.05.2012 / 10:36
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COR&FJA presents its financial report for the first quarter of 2012
Turnover and earnings slightly exceed expectations - confirming targets for
the current financial year
(Leinfelden-Echterdingen, 24 May 2012) - COR&FJA AG (ISIN DE0005130108) has
made a satisfactory start to the 2012 financial year. Despite muted demand
in COR&FJA's market segment in the first three months of the year, which is
traditionally the case, aggregate turnover as at 31 March 2012 amounted to
35.3 million euros and is thus almost 30 per cent higher than in the
previous year (31 March 2011: 27.3 million euros). Part of this growth in
turnover is due to contributions from the shareholdings in plenum AG and
COR&FJA Metris GmbH respectively. Without these effects, turnover would
have been 30.6 million euros, almost 12 per cent higher than in the
corresponding period last year.
The operating result before amortisation and depreciation (EBITDA) was also
an improvement on the previous year at -30,000 euros (31 March 2011: -0.2
million euros). Cash flow from operating activity has developed positively
and, at 3.0 million euros, has doubled in comparison with the same quarter
last year. The net cash position (balance of bank deposits and liabilities
to banks) has also improved considerably to 4.1 million euros as at 31
March 2012, 2.3 million euros above the previous year's figure. At the end
of the first quarter, COR&FJA has a workforce of 1,192 employees.
Now that the figures for both turnover and earnings in the first quarter
have slightly exceeded the planned figures in the annual budget, COR&FJA is
sticking to its assumption that it will meet the targets set for the
current 2012 financial year and will generate aggregate turnover of 145.0
million euros and an operating result before amortisation and depreciation
(EBITDA) of 9.0 million euros.
About COR&FJA
The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. Its service
spectrum ranges from standard software and the provision of consultancy
services to the assumption of IT operations (application service
providing). The COR&FJA Group, which has its head office in
Leinfelden-Echterdingen and offices in Munich, Aachen, Düsseldorf,
Frankfurt, Hamburg, Kiel, Cologne and St. Georgen, as well as subsidiaries
in the Netherlands, Denmark, Austria, Switzerland, Slovakia, Slovenia,
Poland, the Czech Republic, Portugal, Spain and the USA, currently employs
almost 1,200 staff.
Contact
COR&FJA AG
Corporate Communications
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: presse(at)cor.fja.com
Internet: www.cor.fja.com
End of Corporate News
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24.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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171334 24.05.2012
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Datum: 24.05.2012 - 10:36 Uhr
Sprache: Deutsch
News-ID 149678
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