Ad hoc: Figures for First 9 Months Underline Strong Cloud Performance / Economic Slowdown / EBIT Guidance 2018/19 Adjusted / Sales Guidance Confirmed

Unaudited results: Sales: EUR 266.9 million (up 7% year on year) / Cloud services & support revenues: EUR 51.5 million (up 18% year on year) / One-off costs adversely affect the result by EUR 3.0 million in total / EBIT (adjusted): EUR 13.5 million (down 3% year on year) / Earnings after tax: EUR 10.0 million (up 12% year on year) include non-recurring income of EUR 3.2 million / Guidance 2018/19: Sales confirmed, EBIT range adjusted / Margin increase from 2020 and sales and EBIT targets for 2022/23 confirmed

Filderstadt, 8 August 2019 – All for One Group AG, leading consulting and IT group, today published its unaudited results for the period from 1 October 2018 to 30 June 2019.

Total revenues increased by 7% overall to EUR 266.9 million. Recurring revenues increased by 12% in total to EUR 129.0 million – mainly due to the strong growth in cloud services & support sales (plus 18% to EUR 51.5 million) – and now account for 48% (Oct 2017 – Jun 2018: 46%) of total sales.

After adjustment for purposes of comparability with the corresponding prior-year 9-month period, EBIT totalled EUR 13.5 million (Oct 2017 – Jun 2018: EUR 13.9 million). In the course of the current financial year, a total of EUR 3.0 million were adjusted in connection with one-off charges relating to the strategy offensive 2022 (EUR 2.6 million) and the first-time application of IFRS 15 starting on 1 October 2018 (EUR 0.4 million). The adjusted EBIT margin therefore fell from 5.6% to 5.1%.

New customer business is growing satisfactorily while existing customers – especially the manufacturers of capital goods for the automotive sector – are adopting a more cautious approach and increasingly deferring projects and new capital expenditures. As a result, the Management Board decided today to adjust its EBIT guidance for 2018/19. Instead of initial expectations of EUR 21 million to EUR 22 million, the company is now forecasting between EUR 18 million and 21 million, in each case before one-off costs relating to the strategy offensive, which is still estimated to cost a million euros figure in the mid-single digits, and before the additional charge arising from the first-time application of IFRS 15. In light of the acquisitions carried out in the current financial year, the company is confirming its 2018/19 sales guidance of between EUR 345 million and 355 million.

The company is continuing its efforts to implement its strategy offensive 2022 as scheduled and with focus on expanding future areas of excellence such as new work, industrial IoT or cybersecurity & compliance. The EBIT margin is expected to gradually increase from 2020 onwards, while sales of between EUR 550 million and 600 million in 2022/23 are still being targeted, together with an EBIT margin in excess of 7%.

All for One Group AG will be publishing its full quarterly statement for the 9-month figures 2018/19 as scheduled on 8 August 2019.