Revenues plus 66%. Steeb merged. / Ad-hoc: 9-Month Results for the Financial Year 2011/12
Filderstadt, 30 July 2012 – All for One Steeb AG, which holds a leading position in the German-speaking SAP midmarket segment, today released its operating results for the period of 1 October 2011 to 30 June 2012. The consolidation of Steeb Anwendungssysteme GmbH (Steeb) was effective 1 December 2011.
This SAP full-service provider increased sales by 66% from EUR 66.1 million to 109.5 million. On a strictly organic basis – and not including Steeb – revenues grew approximately 19%. All three pillars of the integrated business model, namely consulting, SAP licenses and recurring outsourcing services (including software maintenance), posted strong gains. The outsourcing services business accounted for 46% of sales revenues (Oct 2010 – Jun 2011: 40%).
The EBITA posted a plus of 40% to EUR 5.7 million (Oct 2010 – Jun 2011: EUR 4.1 million). This figure includes one-time transaction- and integration-related charges in the amount of EUR 2.1 million.
The EBIT before these one-time transaction- and integration-related charges improved to EUR 6.1 million, so that the EBIT itself was EUR 4.0 million and thus 18% better than the same period a year ago. As a result, the current year’s EBIT margin was 4% (Oct 2010 – Jun 2011: 5%).
The number of employees increased to 685 as at 30 June 2012 (30 June 2011: 463).
Because the market demand is so good, All for One Steeb AG can now be more specific about its forecasts for the financial year 2011/12. The company continues to expect revenues to improve 60% over that of the prior-year period. The EBIT before one-time transaction and integration charges is expected to reach EUR 7.0 million – previously EUR 6.0 million – and remain decidedly positive even after one-time charges are subtracted. Total revenues of more than EUR 160 million and an EBIT margin of more than 5% are projected to be reached as early as in the financial year 2012/13 once the integration phase has been completed. Economic setbacks are increasingly seen as the source of the greatest risks.
As part of the ongoing integration process, Steeb Anwendungssysteme GmbH was merged with its parent All for One Steeb AG in late July 2012.
Further details will be available in the 9-Month Report as at 30 June 2012 that will be published as scheduled on 7 August 2012.