Figures for 1st Quarter 2014/15 / Excellent Start to the New Financial Year

Revenues: EUR 61.4 million (+9% over prior year) / EBIT: EUR 5.3 million (+23% over prior year) / Group earnings: EUR 3.3 million (+19% over prior year) / Earnings per share: 60 euro cents (+11% over prior year) / Equity ratio of 35% (30 Sep 2014: 34%) / 2014/15 forecast confirmed

Filderstadt, 03 February 2015 – All for One Steeb AG, the Number 1 in the German-speaking SAP market, today published its results for the period of 1 October to 31 December 2014.

All for One Steeb increased revenues 9% from EUR 56.3 to 61.4 million in this 1st quarter of the financial year 2014/15.
Sales revenues from outsourcing services (including software maintenance) improved 10% to EUR 26.5 million (Oct – Dec 2013: EUR 24.0 million) and account for a 43% share (Oct – Dec 2013: 43%) of total revenues. The 3-month revenues from the sale of software licenses surpassed management’s expectations and totalled EUR 10.6 million. An exceptionally large volume of licensing revenues were posted in the prior year (Oct – Dec 2013: EUR 11.4 million) as a result of many contracts that were planned for the 2nd and 3rd quarters of 2013/14 being completed early and by the end of December 2013. Thanks to a high level of utilisation, consulting revenues increased 18% to EUR 23.5 million (Oct – Dec 2013: EUR 19.8 million).

The EBIT increased disproportionately in relation to the growth in revenues and advanced 23% to EUR 5.3 million (Oct – Dec 2013: EUR 4.3 million). The EBIT margin was 8.6% (Oct – Dec 2013: 7.6%). The EBT was EUR 4.9 million (Oct – Dec 2013: EUR 3.9 million) for a gain of 24%. Earnings after tax increased 19% to EUR 3.3 million (Oct – Dec 2013: EUR 2.8 million). In line with this strong growth in earnings, the cash flow from operating activities improved significantly from minus EUR 0.9 million (Oct – Dec 2013) to plus EUR 2.5 million (Oct – Dec 2014). The equity ratio as at 31 December 2014 was 35% (30 September 2014: 34%). The number of employees rose to 1,082 (31 December 2013: 961).

»Besides having made an excellent start to the new financial year, we are forging ahead and gaining ground with new and exciting offerings such as for SAP HANA and cloud solutions. Although confidence is the prevailing sentiment in our markets, we continue to monitor developments very carefully. We remain committed to our annual forecast for 2014/15 that predicts revenues of between EUR 230 and 240 million and an EBIT of between EUR 14 and 15 million«, reiterated All for One Steeb CFO Stefan Land.

All for One Steeb AG will be publishing its complete 3-month report for the financial year 2014/15 as scheduled on 12 February 2015.