1 October 2009 to 31 March 2010 / Half-Year Results for the Financial Year 2009/10
Filderstadt, 03 May 2010 – All for One Midmarket AG, which holds a leading position in the German-language SAP midmarket segment, today released its results for the period of 1 October 2009 to 31 March 2010. Despite challenging markets, this SAP full-service provider improved sales by 5% to EUR 41.1 million (Oct 2008 – Mar 2009: EUR 39.3 million). About half of this growth in sales revenues is attributable to the mid-2009 acquisition of shareholdings in team HR Organisationsberatung Personalwirtschaft GmbH.
The recurring sales revenues from outsourcing services improved 21% to EUR 15.3 million (Oct 2008 – Mar 2009: EUR 12.7 million), which means that this business accounts for 37% of sales (Oct 2008 – Mar 2009: 32%). The major investments made in 2008 in new mirrored high-end data centers combined with service portfolio enhancements continue exercising a growing positive impact. Customers reduced working hours and plant closures led to an expected decline in consulting revenues of minus 9% to EUR 17.1 million in the 1st half of the year (Oct 2008 – Mar 2009: EUR 18.8 million). Nevertheless, positive developments in licensing sales resulted in new customer projects, which in turn should provide for solid utilisation. The half-year licensing revenues totalled EUR 7.3 million and were therefore 21% higher than the prior year (Oct 2008 – Mar 2009: EUR 6.0 million).
The half-year EBITDA was EUR 3.2 million (Oct 2008 – Mar 2009: EUR 0.9 million). The corresponding EBIT totalled EUR 1.4 million (Oct 2008 – Mar 2009: minus EUR 0.9 million), so that an EBIT margin of 3% of sales was reported in the 1st half of the year. The half-year earnings after taxes were EUR 1.1 million. The corresponding prior-year figure of minus EUR 1.0 million includes major one-time costs stemming from the corporate restructuring. Earnings per share totalled 21 euro cents (Oct 2008 – Mar 2009: minus 21 euro cents). The equity ratio as at 31 March 2010 was 55% (30 September 2009: 50%).
Stefan Land, the Chief Financial Officer of All for One Midmarket AG: »Our half-year results confirm our overall positive performance. For the 2009/10 financial year, we still expect a modest increase in sales. The EBIT might be at the top end of our already communicated range of EUR 1.5 million to 2.0 million«.
All for One Midmarket AG will be publishing its complete half-year financial report as at 31 March 2010 as scheduled on 12 May 2010.