Strong Figures for 1 Quarter 2012/13 / Ad-hoc: Forecast raised

Results for the period 1 October to 31 December 2012: Revenues: EUR 46.0 million (+35% over Oct – Dec 11), EBIT: EUR 3.1 million (+43% over Oct – Dec 11), Net group earnings: EUR 2.0 million (+7% over Oct – Dec 11), Equity ratio: 38% (30 Sep 2012: 35%), Forecast raised

Filderstadt, 04 February 2013 – All for One Steeb AG, which holds a leading position in the German-speaking SAP midmarket segment, today published its results for the period of 1 October to 31 December 2012. The company Steeb Anwendungssysteme GmbH, which has since merged with All for One Steeb AG, has been fully consolidated within the consolidated financial statements since 1 December 2011, while myOSC.com AG and its subsidiaries (»OSC«) have been fully consolidated since 1 November 2012.

This SAP full-service provider increased revenues 35% from EUR 33.9 million to 46.0 million in the 1st quarter of the financial year 2012/13. The inclusion of OSC accounted for EUR 1.7 million of these revenues. Recurring revenues from outsourcing services (including software maintenance) posted a gain of 63% to EUR 20.2 million in the current 3-month reporting period (Oct – Dec 2011: EUR 12.4 million). Its share of total sales now totals 44% (Oct – Dec 2011: 37%). Licensing sales declined 19% to EUR 7.1 million (Oct – Dec 2011: EUR 8.8 million), while consulting revenues reported an improvement of 43% to EUR 17.1 million (Oct – Dec 2011: EUR 12.0 million).

The EBIT disproportionally increased 43% to EUR 3.1 million (Oct – Dec 2011: EUR 2.2 million) and the EBIT margin was 7% (Oct – Dec 2011: 6%). Net group earnings were EUR 2.0 million after a gain of 7% (Oct – Dec 2011: EUR 1.8 million). Earnings per share were unchanged at 35 euro cents. The number of employees rose 16% to 791 (31 December 2011: 679).

In view of the business performance in the 1st quarter of 2012/13, the company is raising its earlier full-year forecast for 2012/13 – revenues of EUR 170 million and an EBIT margin of 5% – in terms of revenues and earnings. The company now projects revenues of EUR 180 million and an EBIT of EUR 9 million for the financial year 2012/13. There has been a further increase in the risks relating to economic setbacks.

The complete 3-Month Report as at 31 December 2012 will be published as scheduled on 13 February 2013.