Strong Growth / 6-Month Results Financial Year 2012/13

Results for the period 1 October 2012 to 31 March 2013 (unaudited): Revenues: EUR 88.0 million (+23% over Oct 11 – Mar 12) / EBIT: EUR 5.0 million (+70% over Oct 11 – Mar 12) / Net Group earnings: EUR 2.9 million (+4% over Oct 11 – Mar 12) / Equity ratio: 39% (30 Sep 2012: 35%) / Forecast reaffirmed

Filderstadt, 08 May 2013 – All for One Steeb AG, which holds a leading position in the German-language SAP midmarket segment, today published its results for the period of 1 October 2012 to 31 March 2013.

This SAP full-service provider improved revenues by 23% from EUR 71.3 million to 88.0 million in this first half of the financial year 2012/13. Of this amount, sales of EUR 3.9 million are attributable to the 1 November 2012 inclusion of the OSC Group. The recurring revenues from outsourcing services (including software maintenance) posted a gain during this latest 6-month period of 32% to EUR 40.9 million (Oct 2011 – Mar 2012: EUR 30.9 million). Its share of total revenues now totals 46% (Oct 2011 – Mar 2012: 43%). Licensing revenues declined 9% to EUR 10.7 million during this half-year period (Oct 2011 – Mar 2012: EUR 11.8 million). Licensing revenues did, however, gain 21% from EUR 3.0 million (Jan – Mar 2012) to EUR 3.6 million (Jan – Mar 2013) in the 2nd quarter. Consulting revenues finished the latest 6-month period with a gain of 26% to EUR 34.2 million (Oct 2011 – Mar 2012: EUR 27.2 million).

The EBIT posted a disproportionate increase of 70% to EUR 5.0 million (Oct 2011 – Mar 2012: EUR 2.9 million), the EBIT margin was nearly 6% (Oct 2011 – Mar 2012: 4%). Half-year earnings after income taxes were EUR 2.9 million. The corresponding prior-year figure of EUR 2.8 million includes an earnings contribution of EUR 0.9 million from the discontinued operation. Earnings per share were 46 euro cents (Oct 2011 – Mar 2012: 50 euro cents). The number of employees rose 22% to 837 people (31 March 2012: 684 people). The equity ratio as at 31 March 2013 was 39% (30 September 2012: 35%), net debt increased from EUR 12.3 million (30 September 2012) to EUR 18.1 million (31 March 2013).

The planned transfer of parts of the »SAP midmarket« business from subsidiaries of Fiducia IT AG, Karlsruhe, was completed on schedule as at 1 May 2013.

All for One Steeb has reaffirmed its full-year forecast for 2012/13 of EUR 180 million in revenues and an EBIT of EUR 9 million that was raised on 4 February 2013. There has been a further increase in the risk of economic setbacks.

The complete half-year financial report as at 31 March 2013 will be published as scheduled on 14 May 2013.