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1 October 2010 to 31 March 2011: 6-Month Results for the Financial Year 2010/11

Results for the period 1 October 2010 to 31 March 2011 (unaudited): Sales revenues: EUR 43.4 million (+6% over Oct 09 – Mar 10) / EBIT: EUR 2.2 million (+55% over Oct 09 – Mar 10) / Net Group earnings: EUR 1.8 million (+56% over Oct 09 – Mar 10) / Outlook reaffirmed

Filderstadt, 04 May 2011 – All for One Midmarket AG, which holds a leading position in the German-language SAP midmarket segment, today published its results for the period of 1 October 2010 to 31 March 2011.

This SAP full-service provider improved sales revenues by 6% to EUR 43.4 million (Oct 2009 – Mar 2010: EUR 41.1 million). The recurring revenues from outsourcing services increased 12% to EUR 17.3 million (Oct 2009 – Mar 2010: EUR 15.3 million). The growth achieved within this important business line validates the successful development as a one-stop shop for SAP in the midmarket segment.

Consulting revenues rose by 4% to EUR 17.9 million (Oct 2009 – Mar 2010: EUR 17.1 million). This positive trend is attributable primarily to the increased demand for consulting services, which was indicated as early as in the 1st quarter of 2010/11 as a result of the sharp increase in the number of new projects. Half-year licensing revenues declined by 9% to EUR 6.7 million (Oct 2010 – Mar 2011). The corresponding prior-year figure of EUR 7.3 million (Oct 2009 – Mar 2010) included a major project. Overall, the licensing revenues of this 1st half-year 2010/11 are the result of a robust and broad increase in new and existing customer projects.

The EBITDA after these first six months was EUR 3.8 million (Oct 2009 – Mar 2010: EUR 3.2 million), while the corresponding EBIT increased 55% from EUR 1.4 million (Oct 2009 – Mar 2010) to EUR 2.2 million. This represents an EBIT margin of 5% (Oct 2009 – Mar 2010: 3%). Half-year earnings after taxes totalled EUR 1.8 million (Oct 2009 – Mar 2010: EUR 1.1 million) and the earnings per share were 33 euro cents (Oct 2009 – Mar 2010: 21 euro cents). As at 31 March 2011 there were 458 people employed at All for One, which represents an increase of 8%.

Stefan Land, the All for One Midmarket AG Chief Financial Officer: »Things are also continuing to improve within our markets of machinery and equipment manufacturing, the automotive supply industry and project service providers. We still expect to achieve our previously announced projection for the financial year 2010/11 of an increase in revenues in the mid-single-digit percentage range and an EBIT of approximately EUR 3.4 million«.

All for One Midmarket AG will be publishing its complete half-year financial report as at 31 March 2011 as scheduled on 12 May 2011.