header image

9-Month Results for the Financial Year 2009/10 / All for One Midmarket AG

Results for the period 1 October 2009 to 30 June 2010: Sales: EUR 59.7 million (+6% over Oct 08 – Jun 09) / EBIT: EUR 1.7 million (Oct 08 – Jun 09: minus EUR 0.8 million) / Net group earnings: EUR 1.4 million (Oct 08 – Jun 09: minus EUR 0,6 million) / Equity ratio: 55% (30 Sep 2009: 50%) / Outlook confirmed

Filderstadt, 04 August 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 30 June 2010. This SAP full-service provider improved sales by 6% to EUR 59.7 million (Oct 2008 – Jun 2009: EUR 56.3 million). About two thirds 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 17% to EUR 23.2 million (Oct 2008 – Jun 2009: EUR 19.8 million), which means that this business accounts for 39% of sales (Oct 2008 – Jun 2009: 35%). The major investments made in 2008 in new high-end data centers combined with service portfolio enhancements continue exercising a growing positive impact.

While short-shift working schemes and plant closures among customers resulted in consulting revenues posting a 9% decline in the 1st half of the year, consulting revenues began making a comeback in the 3rd quarter as they increased by 6% to EUR 8.2 million (Apr – Jun 2009: EUR 7.8 million). As expected, these consulting revenues are now following the positive trend set by the licensing revenues, which for their part, and due to the growing number of new customer projects, rose 26% from EUR 7.5 million to 9.4 million in 9-month comparison.

The EBITDA after 9 months was EUR 4.3 million (Oct 2008 – Jun 2009: EUR 1.8 million). The corresponding EBIT totalled EUR 1.7 million (Oct 2008 – Jun 2009: minus EUR 0.8 million), which led to an EBIT margin of 3% of sales. The 9-month earnings after taxes were EUR 1.4 million. The corresponding prior-year figure of minus EUR 0.6 million includes major one-time costs stemming from the corporate restructuring. Earnings per share totalled 26 euro cents (Oct 2008 – Jun 2009: minus 13 euro cents). The equity ratio as at 30 June 2010 was 55% (30 September 2009: 50%).

Stefan Land, the Chief Financial Officer of All for One Midmarket AG: »Many companies now work overtime in place of what had been short-shift scheduling. Nevertheless, it is too early to sound the all clear. 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 9-month financial report as at 30 June 2010 as scheduled on 10 August 2010.