Ad-hoc: Preliminary Figures for 2008
Filderstadt, 10 February 2009 – Based on the preliminary figures available today, All for One Midmarket AG, a leader in the SAP midmarket segment in Germany, Austria and Switzerland, not only succeeded in moving ahead with its robust growth strategy for a third year in a row, but also performed well above the average for the industry. Sales rose 9% from EUR 78.1 to 85.2 million. This sales increase was even 14% higher than the prior year adjusted for one-time hardware sales revenues. The company finished at the high end of its sales projection of EUR 82 to 85 million that was announced in April 2008. Taken in isolation, the 4th Quarter 2008 saw sales of EUR 22.5 million (Q4 2007: EUR 21.7 million) and an EBIT of minus EUR 0.8 million (Q4 2007: minus EUR 0.2 million) in the course of the economic slowdown.
The preliminary EBIT for 2008 is minus EUR 0.5 million (prior year: EUR 1.0 million) and is clearly below expectations. Risk provisions had to be increased in the face of the economic downturn. The successfully completed projects implemented to further enhance and strengthen the integrated business model led to higher-than-anticipated costs. Growth-related record investments were made in two new mirrored high-end data centers in Frankfurt and in the consolidation of four office locations in Germany, including the move to new headquarters. The EBIT for 2007 of EUR 1.0 million included one-time proceeds of some EUR 0.7 million from tax credits relating to other periods.
Cash and cash equivalents as at 31 December 2008 amounted to EUR 8.5 million (31 December 2007: EUR 7.4 million). The financial situation of the company is solid.
All for One Midmarket AG will be publishing its complete 2008 consolidated financial statements as scheduled in conjunction with its balance sheet press conference to be held on 24 March 2009.