Recent Results

• Revenue of EUR 380.4 million slightly above prior-year level (Oct 2023 – Jun 2024: EUR 378.8 million); Solid growth in cloud services up 5%
• Increased geopolitical uncertainty leads to unexpected delays in project launches and fewer new contracts for ERP migrations
• Major challenges in the LOB segment due to decline in Customer Experience
• Share of recurring revenues at 52% (Oct 2023 – Jun 2024: 52%) 2
• EBIT before M&A effects (non-IFRS) declines by 15% to EUR 17.5 million (Oct 2023 – Jun 2024: EUR 20.7 million); EBIT margin before M&A effects (non-IFRS) at 4.6% (Oct 2023 – Jun 2024: 5.5%)
• Well-equipped for successful internationalisation and growth with a new operating model
• Expansion of the global delivery model and product business increases scalability
• Adjusted forecast for 2024/25 confirmed: Revenue of EUR 505 million to EUR 520 million; EBIT margin before M&A effects (non-IFRS) from 5% to 6%

* Prior-year figure adjusted due to reallocation of revenue types