DGAP-News: itelligence AG: Annual General Meeting approves all agenda items with majority of over 90%
(firmenpresse) - DGAP-News: itelligence AG / Key word(s): AGM/EGM
itelligence AG: Annual General Meeting approves all agenda items with
majority of over 90%
26.05.2011 / 14:26
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PRESS RELEASE
itelligence AG: Annual General Meeting approves all agenda items with
majority of over 90%
* Dividend for 2010 rises 40% to EUR 0.14 per share
* Acquisition of SAP BusinessObjects partner CONTEMPORARY in UK
* Revenue forecast for fiscal 2011 of at least MEUR 310
Bielefeld, May 26, 2011 - At today's Annual General Meeting of itelligence
AG in Bielefeld, Herbert Vogel (CEO) and Norbert Rotter (CFO) reported on
the successful fiscal year of 2010 and the goals for the current 2011
fiscal year. The most important item on the agenda of the Annual General
Meeting was the proposal from the Supervisory Board and the Management
Board to increase the dividend by 40% to EUR 0.14 per share for fiscal
2010. The Annual General Meeting approved this proposal and all other items
on the agenda with a majority of over 90%.
In their comments, the members of the Management Board made it clear that
the positive development of the past fiscal year will continue in 2011 as
well. The outlook for the year as a whole is correspondingly positive with
a revenue target of at least MEUR 310 and a forecast EBIT margin of 6.0% to
6.2%. In addition to this excellent organic development, itelligence AG has
also continued its expansion course with the acquisition of its SAP
BusinessObjects partner CONTEMPORARY in the UK, announced just a few days
ago.
Herbert Vogel, CEO of itelligence AG, commented: 'Our strategy for the past
year of growing both organically and through selective acquisitions has
been a complete success. We will continue this when the right opportunities
present themselves. By acquiring CONTEMPORARY, we are significantly
expanding our range of services in the UK in the growth segments of
Business Analytics and SAP BusinessObjects.'
Norbert Rotter, CFO of itelligence AG said: 'In the current fiscal year,
itelligence has already backed its ambitious growth targets with the
figures for the first quarter. We have increased our revenues by 33.3% to
MEUR 74.9 in the first three months. EBIT rose to MEUR 3.5 after MEUR 1.4
in the same quarter of the previous year. All segments and areas
contributed to this good performance. The second quarter is also developing
well, such that we are confident of achieving our growth target for 2011.
Our shareholders will also again participate appropriately in our results
in the form of an ongoing dividend in 2011.'
itelligence is one of the leading international full-service providers of
solutions in support of SAP solutions, employing about 1,900 highly
qualified employees in 19 countries and in five regions (America, Asia,
Western Europe, Eastern Europe and Germany/Austria). As a frequently
awarded SAP partner, among others global value-added reseller, 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 2010, itelligence generated total
sales of EUR 272.2 million. In July 2010, itelligence was awarded the 'TOP
CONSULTANT' quality seal.
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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Language: English
Company: itelligence AG
Königsbreede 1
33605 Bielefeld
Deutschland
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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126380 26.05.2011
Datum: 26.05.2011 - 14:26 Uhr
Sprache: Deutsch
News-ID 34229
Anzahl Zeichen: 0
contact information:
Kategorie:
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