Half-Year Financial Report 2011/12 Published
Filderstadt, 15 May 2012 – All for One Steeb AG, which holds a leading position in the German-speaking SAP midmarket segment, today published its half-year financial report for the period of 1 October 2011 to 31 March 2012. Steeb Anwendungssysteme GmbH (Steeb) has been consolidated since 1 December 2011.
»Our already strong pace of organic growth is receiving a powerful additional boost from the 1 December 2011 inclusion of Steeb«, sums up All for One Steeb AG CEO Lars Landwehrkamp. The consolidated sales for the 1st half-year (1 Octo¬ber 2011 – 31 March 2012) improved 64% to EUR 71.3 million. Even the purely organic increase in revenues was clearly in the double digits and 22% above the revenues of the 1st half-year 2010/11. »All three pillars of our integrated business model, these being outsourcing services (including software maintenance), consulting and SAP licenses, have posted major gains«, added Landwehrkamp. In the first 6 months of the financial year 2011/12, the SAP full-service provider increased its recurring outsourcing services revenues by 79% (share of revenues: 43%), its license revenues by 77% (share of revenues: 15%) and its consulting revenues by 52% (share of revenues: 41%) over the prior year period (Oct 2010 – Mar 2011).
The EBIT posted an upturn of 33% to EUR 2.9 million (Oct 2010 – Mar 2011: EUR 2.2 million). This figure includes one-time transaction- and integration-related charges in the amount of EUR 1.9 million. The EBIT margin was 4% (Oct 2010 – Mar 2011: 5%). After a gain of 56%, net Group earnings totalled EUR 2.8 million (Oct 2010 – Mar 2011: EUR 1.8 million) and include a contribution to earnings of EUR 0.9 million from the discontinued operation. Earnings per share were 50 euro cents (Oct 2010 – Mar 2011: 33 euro cents).
The signal effect of Andreas Naunin (previously the Head of SME and a member of the Management Board of SAP Deutschland AG & Co. KG) joining the All for One Steeb senior management team and the rapid and visible success of the integration process both enhance All for One Steeb’s image as an employer. The head count as at 31 March 2012 was 684 employees (31 March 2011: 458 employees) and includes – apart from the inclusion of Steeb staff – many new hires. In spite of this, All for One Steeb continues its intensive search for high-quality skilled employees.
In light of the strong market demand and the good progress being made in the integration phase, All for One Steeb AG is being more specific about its forecast for the financial year 2011/12 and now expects a revenue increase of 60% over that of the prior-year period. The EBIT before transaction and integration costs is projected to be EUR 6.0 million and remain clearly positive even after one-time charges are subtracted. Total sales of more than EUR 160 million and an EBIT margin of more than 5% are expected to be reached as early as in the financial year 2012/13 once the integration phase has been completed. Although it cannot be ruled out, there is still no sign of any slowdown in the economy.
Additional details can be found in the half-year financial report as at 31 March 2012, which was published here as scheduled on 15 May 2012.