Sharp Increase in SAP HANA and Cloud Services / Figures for the 9-Month Period 2016/17. Further Gains in Revenues and Earnings
All for One Steeb AG, the Number 1 in the German-speaking SAP market, today published its (unaudited) results for the period 1 October 2016 to 30 June 2017.
Filderstadt, 04 August 2017 – All for One Steeb improved revenues 12% from EUR 199.9 million to 223.0 million in the 9-month reporting period of the financial year 2016/17. Recurring sales revenues from outsourcing and cloud services (including software maintenance) increased 11% to EUR 96.7 million (Oct 2015 – Jun 2016: EUR 87.3 million) and account for a 43% share of total sales (Oct 2015 – Jun 2016: 44%). The 9-month revenues from the sale of software licenses totalled EUR 30.0 million (Oct 2015 – Jun 2016: EUR 25.0 million) for a gain of 20%. Consulting revenues improved 9% to EUR 91.5 million (Oct 2015 – Jun 2016: EUR 83.6 million).
The EBIT increased 2% to EUR 14.9 million (Oct 2015 – Jun 2016: EUR 14.6 million) for an EBIT margin of 6.7% (Oct 2015 – Jun 2016: 7.3%). The EBT posted a gain of 10% to EUR 14.4 million (Oct 2015 – Jun 2016: EUR 13.1 million). Group earnings after tax improved 6% to EUR 10.2 million (Oct 2015 – Jun 2016: EUR 9.6 million). The equity ratio as at 30 June 2017 increased to 41% (30 September 2016: 39%) even though the volume of the promissory notes increased from a nominal EUR 20.5 million (31 March 2017) to a nominal EUR 23.5 million (30 June 2017) with extended maturity dates and more favourable terms. The number of employees rose to 1,446 (30 June 2016: 1,271).
»Digital transformation is increasingly permeating the DNA of the German economy and in turn that of our customers. This is why ever greater momentum is being given to what continues to be major investments in laying the groundwork of the future in such areas as the generational change from SAP ERP to SAP S/4HANA, broadening our cloud services, and our own transformation. Our recurring revenues are gaining ground whereby the potential that digitisation holds has not nearly been exhausted. In fact, we expect to enjoy sustained growth opportunities for many years to come«, said All for One Steeb CFO Stefan Land. »We remain committed to our forecast for the financial year 2016/17, which was further specified on 8 May 2017, and projects revenues within a range of EUR 290 million to 300 million and an EBIT of between EUR 19.0 million and 20.5 million«, added Land.
All for One Steeb AG will be publishing its complete quarterly statement for the 9-month period 2016/17 as scheduled on 9 August 2017.