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Marked Increase in Sales and Earnings / Ad-hoc: Preliminary Figures for Financial Year 2014/15

Sales (preliminary): EUR 241.6 million (+11% over prior year) / EBIT (preliminary): 18.6 million EUR (+38% over prior year) / EBIT margin of 7.7% (2013/14: 6.2%) / Results exceeded projections for 2014/15 / Outlook for 2015/16: Good foundation for SAP HANA and cloud services to be significantly expanded
PM_2015.11.02_Adhoc

All for One Steeb AG, the Number 1 in the German-speaking SAP market, today released its preliminary, unaudited figures for the financial year 2014/15 (1 Oct 2014 to 30 Sep 2015).

Filderstadt, 02 November 2015 – All for One Steeb increased its preliminary full-year sales figures for 2014/15 by 11% to EUR 241.6 million (2013/14: EUR 217.2 million). The recurring revenues from outsourcing services (incl. software maintenance and cloud services) improved 11% to EUR 110.4 million (2013/14: EUR 99.8 million) and now account for a 46% share (2013/14: 46%) of total sales. Revenues from the sale of SAP licenses were EUR 28.7 million (2013/14: EUR 30.2 million) for a decline of 5%. Consulting revenues posted a plus of 18% to EUR 98.0 million (2013/14: EUR 83.0 million).

The preliminary EBIT rose disproportionately in relation to revenue growth by 38% to EUR 18.6 million (2014/15: EUR 13.5 million) and thus resulted in an EBIT margin of 7.7% (2013/14: 6.2%). The preliminary EBT posted a gain of 42% to EUR 17.1 million (2013/14: EUR 12.0 million). With these results the company exceeded its forecast for the financial year 2014/15, which was raised on 8 May 2015 to project revenues of a good EUR 240 million and an EBIT of between EUR 16 million and 17 million.

In the financial year 2014/15, the investments made in the expansion of the cloud architecture and the build-up of an SAP HANA platform led to a one-time positive EBIT contribution of approximately EUR 0.7 million from a reappraisal of provisions. These provisions were made for the integration of managed services agreements from the ORGA transaction from the financial year 2012/13. In addition, the expenses for further expanding the workforce, which were previously planned for the financial year 2014/15, will only be incurred in the financial year 2015/16.

Following the lead of SAP, All for One Steeb wants to significantly expand its already good foundation for new and future growth opportunities. This is expected to lead to increased expenses and investments, such as in proprietary SAP S/4HANA-based industry solutions and the cloud portfolio, and in turn sustainably grow and strengthen the recurring business in the future as well. For this reason, revenues in 2015/16 are expected to be between EUR 255 million and 265 million with an EBIT of between EUR 17.5 million and 19.5 million. The potential for economic setbacks represents a significant risk to achieving these forecasts.

As a result of the very good earnings and liquidity performance, corporate funding was further optimised and the early repayment of promissory notes in the amount of EUR 12.0 million was made as at 30 October 2015.

All for One Steeb AG will publish its final consolidated financial statements for the financial year 2014/15 as scheduled during its financial results press conference on 16 December 2015.