Corporate News: AGM Acknowledges Corporate Performance
Filderstadt, 11 March 2010 – It was with a large majority that today’s annual general meeting of All for One Midmarket AG approved all the agenda items, including the authority to repurchase outstanding shares until 2015 with the option of excluding subscription rights.
Lars Landwehrkamp (CEO) und Stefan Land (CFO) reported to the some 70 shareholders, guests and representatives from the press about the company’s performance during the short financial year 2009. »Our strategy as an SAP full-service provider is working, and our business model is so robust that we were able to increase our business and pick up market share against what was an overall downward trend«, announced Lars Landwehrkamp. »Even the stock price is beginning to rise again following the rapidly visible progress in restructuring the Group and our promising operational results«, commented Stefan Land. »Although 2010 will continue to be a difficult year, we nevertheless reaffirm our projections for the current 2009/10 financial year, namely a modest increase in sales revenues and an EBIT within the range of approximately EUR 1.5 to 2.0 million«, Land added. Some 70% of the share capital was represented.