Strong Figures / 9-Month Report published

Results for the period 1 October 2011 to 30 June 2012 (unaudited): Revenues: EUR 109.5 million (+66% over Oct 10 – Jun 11) / EBIT: EUR 4.0 million (+18% over Oct 10 – Jun 11) / Net Group earnings: EUR 3.5 million (+31% over Oct 10 – Jun 11) / Equity ratio: 36% (30 Sep 2011: 59%) / EBIT forecast raised

Filderstadt, 07 August 2012 – All for One Steeb AG, which holds a leading position in the German-speaking SAP midmarket segment, today published its 9-Month Report for the period of 1 October 2011 to 30 June 2012. Steeb Anwendungssysteme GmbH (Steeb) has been consolidated since 1 December 2011.

»We already support the largest installed base of SAP customers within the German-speaking midmarket segment«, sums up All for One Steeb AG CEO Lars Landwehrkamp. Thus, the consolidated 9 month sales (1 Octo­ber 2011 – 30 June 2012) improved 66% to EUR 109.5 million. Even the purely organic increase in revenues was clearly in the double digits and approximately 19% above prior year (Oct 2010 – Jun 2011). »All three pillars of our integrated business model, these being outsourcing services (including software maintenance), consulting and SAP licenses, have again posted major gains«, added Landwehrkamp. After 9 months of the financial year 2011/12, the SAP full-service provider increased its recurring outsourcing services revenues by 91% (share of revenues: 46%), its license revenues by 65% (share of revenues: 15%) and its consulting revenues by 48% (share of revenues: 37%) over the prior year period (Oct 2010 – Jun 2011).

The EBIT posted an upturn of 18% to EUR 4.0 million (Oct 2010 – Jun 2011: EUR 3.4 million). This figure includes one-time transaction- and integration-related charges in the amount of EUR 2.1 million. The EBIT margin was 4% (Oct 2010 – Jun 2011: 5%). After a gain of 31%, net Group earnings totalled EUR 3.5 million (Oct 2010 – Jun 2011: EUR 2.6 million) and include a contribution to earnings of EUR 0.9 million from the discontinued operation. Earnings per share were 62 euro cents (Oct 2010 – Jun 2011: 50 euro cents).

The head count as at 30 June 2012 was 685 employees (30 June 2011: 463 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.

Because the market demand is so good, All for One Steeb AG already raised its forecast for the financial year 2011/12 on 30 July 2012. 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.

Additional details can be found in the 9-Month Report as at 30 June 2012, which was published as scheduled on 7 August 2012.