DGAP-News: itelligence AG presents final figures for fiscal year 2011
(firmenpresse) - DGAP-News: itelligence AG / Key word(s): Final Results
itelligence AG presents final figures for fiscal year 2011
20.03.2012 / 09:27
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itelligence AG presents final figures for fiscal year 2011
Significant revenue growth accompanied by above-average increase in
earnings
Dividend proposal increased to EUR 0.18 per share
Forecast for 2012: Revenue growth to MEUR 375-400, EBIT margin of between
6.2% and 6.4% expected
Bielefeld, March 20, 2012 - With the publication of its annual financial
statements, itelligence AG is confirming its preliminary figures for fiscal
year 2011. Revenues increased by +25.8% to MEUR 342.4 (previous year: MEUR
272.2). This dynamic development was driven by strong organic growth of
+16.5% and the companies acquired in the previous year, which contributed
+9.3%. Orders on hand rose by +17.8%, from around MEUR 200 at year-end 2010
to MEUR 235.5 as of December 31, 2011.
Herbert Vogel, CEO of itelligence AG, commented: '2011 was an excellent
year for itelligence in many respects. We recorded double-digit growth in
all revenue segments. The fourth quarter was particularly strong, and we
are starting the new fiscal year with a well-filled order pipeline.
Accordingly, we expect the dynamic revenue and earnings development we have
enjoyed in recent years to continue in 2012.'
In the individual revenue segments, Consulting recorded the strongest
growth rate of +33.9%, with revenues rising from MEUR 142.6 to MEUR 190.9.
Revenues in the Outsourcing&Services division increased by +18.5%
year-on-year, from MEUR 95.3 to MEUR 113.1, while Licenses revenues
improved by +10.9%, from MEUR 33.8 to MEUR 37.5.
In terms of geographical distribution, itelligence again recorded the
strongest growth in Western Europe, where revenues rose by +84.5% to MEUR
66.6 (previous year: MEUR 36.1). This strong performance was attributable
to the excellent organic development of itelligence's core countries and
the acquisition of Contemporary in the United Kingdom and 2C change in
Denmark. The USA segment also saw significant revenue growth of +22.6%,
from MEUR 66.9 to MEUR 82.0. In the largest segment, DACH (Germany, Austria
and Switzerland), revenues rose by +13.4% from MEUR 144.3 to MEUR 163.6.
Eastern Europe generated revenues of MEUR 22.1 in fiscal year 2011, up
+15.1% on the prior-year figure of MEUR 19.2. The Asia segment recorded
revenue growth of +78.3% in the past fiscal year, from MEUR 2.3 to MEUR
4.1, while revenues in the Other segment were up +17.6% year-on-year,
totaling MEUR 4.0 after MEUR 3.4 in the previous year.
In percentage terms, itelligence AG's earnings development in the past
fiscal year outstripped its revenue growth. Earnings before interest and
taxes (EBIT) increased by +36.9% year-on-year, from MEUR 14.9 to MEUR 20.4,
while the EBIT margin improved from 5.5% in the previous year to 6.0% in
fiscal year 2011. Consolidated net profit rose by +28.0%, from MEUR 10.0 in
2010 to MEUR 12.8 in fiscal year 2011. As a result, earnings per share
amounted to EUR 0.46, a significant increase on the prior-year figure of
EUR 0.39. In light of these results, the Management Board and Supervisory
Board will propose to the Annual General Meeting the distribution of an
increased dividend of EUR 0.18 per share (previous year: EUR 0.14).
Norbert Rotter, CFO of itelligence AG: 'The IT market is experiencing a
period of radical change. Many SAP innovations, such as in-memory computing
with the 'HANA' product, on-demand solutions and mobile computing, offer
interesting growth potential for itelligence. In 2012, we will continue to
strengthen our position through acquisitions in growth markets in Germany
and abroad.'
With respect to the encouraging order situation, itelligence AG's strong
market positioning and the good performance of the acquired companies, the
Management Board is forecasting further revenue and earnings growth for
fiscal year 2012. Revenues are expected to total MEUR 375-400 in 2012,
while earnings are again expected to see above-average growth, with the
EBIT margin forecast at between 6.2% and 6.4%.
itelligence is one of the leading international full-service providers of
solutions in support of SAP solutions, employing more than 2,250 highly
qualified employees in 20 countries and in five regions (America, Asia,
Western Europe, Eastern Europe and Germany/Austria/Switzerland). As a
frequently awarded SAP partner, among others global value-added reseller,
SAP Certified in Cloud Services and SAP Gold Partner Business ByDesign,
itelligence realizes complex projects in the SAP solution-based environment
for over 4,000 customers worldwide. In 2006, itelligence obtained
gold-level status as an SAP channel partner as part of the SAP
PartnerEdge(TM) program in Germany, and in the U.S. in 2007. The company's
services in support of SAP solutions range from consulting and licensing to
outsourcing and services to proprietary industry-specific SAP. In 2011,
itelligence generated total sales of MEUR 342.4.
Investor Relations:
Katrin Schlegel
Tel: +49 (0) 521-91 448 106
Fax: +49 (0) 521-91 445 201
Katrin.Schlegel(at)itelligence.de
itelligence AG
Königsbreede 1
33605 Bielefeld
http://www.itelligence.de
End of Corporate News
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20.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: itelligence AG
Königsbreede 1
33605 Bielefeld
Germany
Phone: +49 (0)521 91448-106
Fax: +49 (0)521 91445-201
E-mail: katrin.schlegel(at)itelligence.de
Internet: www.itelligence.de
ISIN: DE0007300402
WKN: 730 040
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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Datum: 20.03.2012 - 09:27 Uhr
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