Corporate News: Final Figures for the Short Financial Year 2009

Final figures for the period 1 January to 30 September 2009: Sales: EUR 54.7 million (+3% compared to 9 months 2008) / EBIT: EUR 0.8 million (+259% compared to 9 months 2008) / Net Group earnings: EUR 3.3 million (+112% compared to 12 months 2008) / Equity ratio: 50% (31 December 2008: 45%) / EBIT forecast of EUR 1.5 to 2.0 million for the new financial year

Filderstadt, 15 December 2009 – All for One Midmarket AG, which holds a leading position in the German-language SAP midmarket segment, today published its consolidated financial statements for the short financial year of 1 January to 30 September 2009. Despite what continues to be difficult markets, this SAP full-service provider boosted sales within its continuing operations by 3% to EUR 54.7 million (9 months 2008: EUR 53.0 million). The recurring sales revenues from outsourcing services increased 22% to EUR 21.0 million (9 months 2008: EUR 17.2 million). Outsourcing services already account for 38% of sales (9 months 2008: 32%). The major investments made in 2008 in new mirrored high-end data centers and related service management processes are having an ever-greater positive impact.

Economic factors caused the sales of software licenses to decline to EUR 6.6 million – a minus of 37%. In 2008, however, it was the biggest SAP licensing deal in the history of the company that was mostly responsible for the record licensing sales that totalled EUR 10.5 million. Our consultants saw a heavy demand and workload that generated a significant rise in consulting revenues of 10% to EUR 24.9 million (9 months 2008: EUR 22.7 million).

The EBITDA of the continuing operations increased 54% to EUR 3.5 million in year-on-year comparison. The related EBIT totalled EUR 0.8 million (9 months 2008: EUR 0.2 million). AC-Service (Schweiz) AG is no longer included in the aforementioned figures. The 95% equity interest in this company was sold as at 1 September 2009 and is reported separately under »discontinued operation«.

The earnings after taxes of EUR 3.3 million in the short financial year 2009 (12 months 2008: EUR 1.6 million) correspond to earnings per share of 63 euro cents (12 months 2008: 28 euro cents) and also include the contribution to earnings of the discontinued operation. The equity ratio as at 30 September 2009 was 50% (31 December 2008: 45%).

Stefan Land, the Chief Financial Officer of All for One Midmarket AG: »Our business model is extremely robust. We have continued to grow and perform very well in what is a difficult market environment. And, we also saw a further boost in the confidence in our ability to increase sales and earnings even in weakening markets.«

Despite major economic uncertainties, All for One Midmarket AG expects a modest increase in sales and a positive EBIT in the range of from EUR 1.5 to 2.0 million for the 2009/10 financial year that extends from 1 October 2009 to 30 September 2010.

The complete annual report for the short financial year 2009 is available here.