Final figures for financial year 2018/19 / Dividend proposal unchanged at EUR 1.20 per share

Sales: EUR 359.2 million (up 8% year on year) / Cloud services & support revenue up 19% to EUR 70.6 million / Recurring revenue up 12% to EUR 174.7 million, share of total revenue up from 47% to 49% / EBIT: EUR 12.6 million – adversely effected by strategy offensive 2022 (EUR 7.0 million) and new IFRS standards (EUR 0.2 million) / Adjusted EBIT: EUR 19.8 million (down 4% year on year) / Earnings after tax: EUR 10.2 million (down 25% year on year) / Dividend proposal unchanged at EUR 1.20 per share / Setup of strategy offensive 2022 completed as scheduled / 2019/20: Turnaround in margin trend planned

Filderstadt, 12 December 2019 – Following the supervisory board meeting at which the financial statements were approved, All for One Group AG, leading consulting and IT group, published its final (IFRS) figures for the period from 1 October 2018 to 30 September 2019 today.

The preliminary figures have been confirmed. Accordingly, cloud services & support sales increased by 19% to EUR 70.6 million. Together with software support sales (up 9% to EUR 104.1 million), recurring revenue (up 12% to EUR 174.7 million) now account for 49% (Oct 2017 – Sep 2018: 47%) of total sales. Sales from consulting & services increased by 7% to EUR 143.1 million, while software license revenue decreased by 5% to EUR 41.4 million as cloud transformation progressed. Of the increase in total revenue (up 8% to EUR 359.2 million), acquisitions accounted for just over one percent.

The CORE segment (ERP and collaboration solutions for core business processes) generated segment sales of EUR 302.6 million (up 7%). Segment earnings (EBIT) before extraordinary effects (strategy offensive 2022, first-time application of IFRS 15 and IFRS 9) totalled EUR 18.5 million (down 13%). Without these adjustments, the segment's EBIT decreased to EUR 12.3 million (down 43%). As the company continues to build its only recently established LOB (cloud-based line-of-business solutions) segment, segment sales increased to EUR 71.5 million (up 11%). The segment's EBIT adjusted for the aforementioned effects increased from minus EUR 0.8 million to plus 1.3 million. Without these adjustments, the segment's EBIT increased from minus EUR 0.8 million to plus 0.3 million.

Consolidated EBIT 2018/19 amounted to EUR 12.6 million and was adversely affected by extraordinary effects (strategy offensive 2022: EUR 7.0 million, first-time application of IFRS 9 and IFRS 15: EUR 0.2 million). As such, adjusted EBIT totalled EUR 19.8 million (down 4%), while the correspondingly adjusted EBIT margin was 5.5% (prior year: 6.2%). EBITDA, which was also adjusted to enable comparability with the prior year, increased by 3% to EUR 32.0 million( prior year: EUR 31.2 million). Earnings after tax decreased to EUR 10.2 million (down 25%) and earnings per share to EUR 2.05 (down 27%). The figures include tax and interest income totalling EUR 3.2 million, which was recognised as profit and resulted from loss carry forwards that were initially disputed (Section 8c German Corporation Tax Act (Körperschaftsteuergesetz)).

As of 30 September 2019, the equity ratio was 41% (30 Sep 2018: 42%), while the headcount had risen by 10% to 1,846 employees (30 Sep 2018: 1,677 employees).

As All for One Group AG CEO Lars Landwehrkamp explains: »All for One Group has established itself very well on a broad footing and is progressing with enormous momentum. We have successfully completed the setup phase of our strategy offensive 2022 as scheduled; the course has been charted. And, most importantly, our customers are relying on us to transform their companies, they realise that we are capable of leveraging and making full use of all digitalisation, networking and automation potential. We want to turn the margin trend around in 2019/20 and generate sales of between EUR 375 million and EUR 385 million, and EBIT in the range of EUR 20 million to EUR 22 million. Economic development remains the biggest risk. We will be proposing a dividend of EUR 1.20 per share to the annual general meeting; the same as last year.«

All for One Group AG will be publishing its final consolidated financial statements for financial year 2018/19, as scheduled, on 16 December 2019 to coincide with the financial statements press conference.