Ad-hoc: Strong Figures for the 1st Quarter 2011/12 Published
Filderstadt, 27 February 2012 – All for One Midmarket AG, which holds a leading position in the German-language SAP midmarket segment and has re-branded the group under the name All for One Steeb following its recent acquisition of Steeb Anwendungssysteme GmbH, today published its operating results for the period of 1 October to 31 December 2011.
The wholly-owned subsidiary Steeb was consolidated on 1 December 2011. This SAP full-service provider increased revenues 51% from EUR 22.5 million to EUR 33.9 million in the 1st quarter of the financial year 2011/12. 50% of this increase is attributable to strictly organic growth and the other 50% to the inclusion of Steeb.
The EBIT improved a remarkable 55% to EUR 2.2 million (Oct – Dec 2010: EUR 1.4 million) despite one-time transaction- and integration-related charges of EUR 1.3 million in the 1st quarter 2011/12. The EBIT margin was 6% (Oct – Dec 2010: 6%). Net group earnings posted a gain of 55% to EUR 1.8 million (Oct – Dec 2010: EUR 1.2 million). Earnings per share were 35 euro cents (Oct – Dec 2010: 24 euro cents).
For the financial year 2011/12 All for One Steeb expects an increase in revenues of between 55% and 60% over those of the prior-year period. Although burdened by one-time transaction and integration costs, the EBIT for the combined company is nevertheless expected to remain clearly positive in the financial year 2011/12. So far there have been no indications of an economic slowdown, although such cannot be ruled out.
The complete 3-Month Report as at 31 December 2011 will be published as scheduled on 29 February 2012.