Figures for first 3 months 2020/21 // Robust growth in the cloud // Substantial increase in EBIT and EBIT margin // Planned acquisition will strengthen growth momentum

Unaudited results: Sales: EUR 95.6 million (up 3% year on year) // Cloud services & support revenues: EUR 20.8 million (up 10% year on year) // Ratio of recurring revenues increases to 51% (prior year: 50%) // License sales: EUR 8.6 million (down 17% year on year) // EBIT: EUR 6.0 million (up 24% year on year) // Result for the period: EUR 3.9 million (up 23% year on year) // Growth momentum will be strengthened by the planned acquisition of SAP service provider SNP Poland

Filderstadt, 4 February 2021 – All for One Group SE, leading consulting and IT group, published its unaudited results for the period from 1 October to 31 December 2020 today.

Despite very noticeable reticence among its customers because of the pandemic, All for One Group SE was able to achieve robust growth in recurring revenues with cloud services and support (plus 10% to EUR 20.8 million) and with software support (plus 3% to EUR 27.9 million) and to further strengthen its business model. At EUR 48.7 million in total (plus 6%), recurring revenues now account for 51% (Oct – Dec 2019: 50%) of total sales.

While licensing revenues decline due to the pandemic and cloud transformation (minus 17% to EUR 8.6 million), consulting and services revenues were 6% up year on year (Oct – Dec 2019: EUR 36.1 million). The further expansion of the portfolio of products and services as part of the strategy offensive 2022 – with areas of focus including IoT & machine learning, cyber security & compliance or new work & collaboration – and the wider access to the upper midmarket are increasingly coming into play and broadening the base for the consultancy business. Accordingly, total revenues of EUR 95.6 million were 3% above the prior-year figure of EUR 92.3 million.

EBITDA totalled EUR 11.3 million (Oct – Dec 2019: EUR 10.5 million), up 7%. The EBITDA margin relevant to sales amounted to 11.8% (Oct – Dec 2019: 11.4%). The increase in EBIT was proportionately much higher than the sales trend, rising a 24% to EUR 6.0 million. As a result, the EBIT margin amounted to 6.2% (Oct – Dec 2019: 5.2%).

EBT totalled EUR 5.6 million (plus 27%), while the earnings for the period amounted to EUR 3.9 million (plus 23%), and earnings per share to EUR 0.75 (plus 21%).

As of 31 December 2020, the equity ratio was 34% (30 Sep 2020: 35%), while the headcount was slightly higher than the prior year at 1,877 (31 Dec 2019: 1,859).

According to All for One Group CFO Stefan Land: »Within a very short space of time, we have built a strong pipeline with CONVERSION/4 based on SNP's Bluefield model. Although a lot of negotiations are not culminating in signed contracts at present due to »Covid-19«, we have nevertheless been able to conclude some agreements with customers. Added to which, we plan to complete our acquisition of the majority stake in SNP Poland over the coming months, which will further deepen our existing partnership with SNP Schneider-Neureither & Partner SE. We want to integrate SNP Poland – a top provider of SAP, managed and application services with a wealth of experience, expertise and resources for SAP S/4HANA conversion – into our Group. We will then be very well prepared for the anticipated wave of migrations to SAP S/4HANA over the coming years.«

All for One Group SE will be publishing its full quarterly statement for the 3-month period 2020/21 as scheduled on 5 February 2021.