DGAP-News: All for One Midmarket AG: Financial Statements Confirm Strong Figures for Financial Year 2010/11
(firmenpresse) - DGAP-News: All for One Midmarket AG / Key word(s): Final Results
All for One Midmarket AG: Financial Statements Confirm Strong Figures
for Financial Year 2010/11
19.12.2011 / 08:23
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All for One Midmarket AG - Financial Statements Confirm Strong Figures for
Financial Year 2010/11
- Sales: EUR 90.2 million (+14% over Oct 09 - Sep 10)
- EBIT: EUR 4.7 million (+ 86% over Oct 09 - Sep 10)
- Net group earnings: EUR 7.3 million (+ 260% over Oct 09 - Sep 10)
- Equity ratio: 59% (30 Sep 2010: 55%)
- New brand launch as All for One Steeb well-received
- No noticeable economic slowdown to date
Filderstadt, 19 December 2011 - All for One Midmarket AG, which is a leader
in the German-language SAP midmarket segment and, after having acquired
Steeb Anwendungssysteme GmbH, now appears on the market under the new brand
name All for One Steeb, today published its consolidated financial
statements for the financial year 1 October 2010 to 30 September 2011.
These financial statements do not include earnings contributions from
Steeb. This wholly-owned subsidiary will be included in the consolidation
beginning on 1 December 2011.
All for One again managed to give added momentum to its continuing
outstanding business performance in what is now the third year following
the extensive restructuring of 2007/08. Major improvements were posted in
all areas thanks to the company's clear profile as an SAP full-service
provider. The recurring revenues from Outsourcing Services increased 13% to
EUR 35.5 million (Oct 2009 - Sep 2010: EUR 31.4 million). Licensing
revenues totalled EUR 14.0 million and surpassed the high levels achieved
last year by 19% (Oct 2009 - Sep 2010: EUR 11.8 million). The sharp rise in
projects for both new and existing clients also led to major increases in
consulting revenues, which improved 14% from EUR 32.8 million (Oct 2009 -
Sep 2010) to EUR 37.5 million. Overall this SAP full-service provider's
sales revenues grew organically by 14% to EUR 90.2 million (Oct 2009 - Sep
2010: EUR 78.8 million).
This good revenue performance also resulted in substantial progress on the
earnings side. The EBIT for the 12-month period improved 86% from EUR 2.5
million to 4.7 million. This figure already includes expenses of EUR 0.3
million which arose primarily for the due diligence in the run-up to the
acquisition of Steeb Anwendungssysteme GmbH that was closed on 1 December
2011. The EBIT to sales margin was 5% (Oct 2009 - Sep 2010: 3%).
Group net earnings more than tripled from EUR 2.0 million (Oct 2009 - Sep
2010) to EUR 7.3 million (Oct 2010 - Sep 2011). This remarkably large
increase is attributable not only to good operating business performance,
but also to an earnout in the amount of EUR 2.1 million, which was a late
effect from the sale of the shareholdings in AC-Service (Schweiz) AG
(discontinued operation) that was completed in 2009. As a result earnings
per share were EUR 1.41 (Oct 2009 - Sep 2010: EUR 0.38).
The newly formed company All for One Steeb expects to generate total
revenues of more than EUR 160 million in the financial year 2012/13 once
the integration phase is completed (financial year 2011/12 to 30 September
2012) and Steeb is included for the first time on a full-year basis. The
anticipated EBIT margin should then be more than 5%.
All for One Chief Executive Officer Lars Landwehrkamp:»These strong
figures have given added momentum to our new market image. All for One
Steeb is not only being well-received on the market, but is providing an
enormous boost to the integration effort. Our intention is to form the most
efficient SAP full-service provider in the midmarket segment and the one
with the largest SAP customer base in countries where German is spoken.
Although we cannot rule out an economic downturn, we have not seen or felt
any signs of it happening so far«.
The complete annual report for the financial year 2010/11 is available at
www.all-for-one.com/annual-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).
www.all-for-one.com/english
For the Editorial Department
An extensive picture gallery can be found under
www.all-for-one.com/press-photos
youtube
http://www.youtube.com/watch?v=41EaPBD2wx4
Follow us
www.youtube.com/allforonemidmarkettv
www.facebook.com/all41
www.twitter.com/AllforOne_Mid
www.xing.com/companies/allforoneMidmarketAG
Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag(at)all-for-one.com
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: dirk.sonntag(at)all-for-one.com
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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