Management board resolves to restructure the service-oriented divisions in the CORE segment
Accelerated expansion of globally delivering service organisation / Increase in profitability / One-off negative impact on earnings leads to adjustment of forecast for EBIT before M&A effects (non-IFRS)
(PresseBox) - .
One-off negative impact on earnings in upper single-digit million range in financial year 2022/23 as a result of restructuring the service-oriented divisions in the CORE segment and the accelerated expansion of the globally delivering service organisation
Forecast for EBIT before M&A effects (non-IFRS) lowered to between EUR 17.5 million and EUR 21.5 million (previously: EUR 27.5 million to EUR 30.5 million)
Sales forecast reaffirmed
After the changes in the LOB segment were completed in the past financial year, the management board is implementing a restructuring programme in the service-oriented divisions of the CORE segment to conclude the strategy offensive 2022. The expansion of the globally delivering service organisation will be accelerated considerably in the process. This should reduce costs and significantly increase profitability in financial year 2023/24. In this way, the All for One Group will create the foundation for providing its increasingly international customers from the upper midmarket with fully comprehensive and cost-optimised support.
With the implementation of the restructuring programme, it is expected that a higher double-digit number of full-time positions will be cut back in service-oriented divisions in the CORE segment, which will probably result in one-off expenses in the upper single-digit million range. Due to the one-off expenses, the management board will adjust the forecast for financial year 2022/23 accordingly.
For financial year 2022/23, the management board is therefore revising its forecast for EBIT before M&A effects (non-IFRS) to a range of EUR 17.5 million to EUR 21.5 million. The previous forecast predicted EBIT before M&A effects (non-IFRS) between EUR 27.5 million and EUR 30.5 million. The forecast for sales revenues (IFRS) remains unchanged at EUR 470 million to EUR 500 million.
The medium-term outlook, with robust organic growth in the mid-single-digit percentage range, is reaffirmed. The target margin for EBIT before M&A effects (non-IFRS) of 7% to 8% originally communicated for financial year 2025/26 is expected to already be achieved in financial year 2024/25.
Unternehmensinformation / Kurzprofil:
Datum: 15.05.2023 - 09:27 Uhr
Sprache: Deutsch
News-ID 683622
Anzahl Zeichen: 2463
contact information:
Contact person: Anja Brey
Town:
Filderstadt
Phone: +49833149831510
Kategorie:
Financial Services & Insurance
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"Management board resolves to restructure the service-oriented divisions in the CORE segment"
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