Annual General Meeting Approves a Dividend Increase of 43% to EUR 1 per Share / Digital Transformation Gaining Momentum
Filderstadt, 18 March 2016 – The All for One Steeb AG annual general meeting (AGM) held on 17 March 2016 approved all of the administration’s proposed resolutions with large majorities. Among other items, these included a decision to increase the dividend from 70 euro cents per share (Prior Year) to EUR 1 per share. Accordingly, the amount of the distribution will be some EUR 5.0 million (prior year: approximately EUR 3.5 million) for the total of 4,982,000 shares entitled to dividends. In relation to the 2014/15 Group earnings after tax of EUR 11.5 million (2013/14: EUR 7.5 million), the dividend payout ratio is 43% (2013/14: 46%). Approximately 85% (84,661%) of the share capital was represented at the meeting.
»We’ll be seeing a great deal of movement on the market in the coming years. The cloud, big data, apps, and mobility are permanently changing our customers’ businesses. As the Number 1 in the German-speaking SAP market and a full-service provider for IT and business, we want to play the entire orchestra and provide our customers with comprehensive support and services along their entire digital transformation journey. SAP HANA and SAP Cloud solutions are already gaining momentum and opening up additional opportunities for us in new endeavours, such as Industry 4.0 and the Internet of Things«, pointed out All for One Steeb CEO Lars Landwehrkamp. All for One Steeb was recently recognised twice – for SAP S/4HANA and SAP Business ByDesign (Cloud) – as one of SAP’s best partners (Partner Excellence Awards 2016). All for One Steeb underscores its well-established culture of integration – smoothly incorporating 6 acquisitions in 5 years together with more than 350 employees – through its top ranking as one of »Germany’s Best Employers« for 2016 in a survey conducted by the weekly news magazine FOCUS.
Although concentrated on Germany, Austria and Switzerland (the so-called DACH region), this full-service provider is also superbly positioned to support its customers’ global business. As the co-founder of United VARs, presently the world’s largest, highest performing and most efficient alliance of SAP resellers, All for One Steeb can be found on the ground with partners in 70 countries across the globe. Recently SAP inducted United VARs into its elite group of SAP Global Value Added Resellers. »Were it not for the trust and confidence shown by our shareholders, we would not have the kind of solid footing we enjoy today that will allow us to greatly expand our position and create further and increased value«, summarised Landwehrkamp. Shares of All for One Steeb AG stock recorded an increase of 81% from EUR 29.86 to EUR 54.00 during the past financial year 2014/15.