Strong Preliminary Figures for Financial Year 2012/13 / Ad-hoc: All for One Steeb AG
Filderstadt, 07 November 2013 – All for One Steeb AG, the leader in the German-speaking SAP midmarket segment, today published its preliminary (unaudited) figures for the period 1 October 2012 to 30 September 2013.
Following a very robust 4th quarter (Jul – Sep 2013), this SAP full-service provider improved its full-year sales figures for 2012/13 by 22% to EUR 186.3 million (2011/12: EUR 153.2 million). Gains were posted by all three pillars of its integrated business model, namely recurring outsourcing services (including software maintenance), consulting and SAP licenses. Sales revenues from outsourcing services rose 25% to EUR 86.8 million (2011/12: EUR 69.7 million) and now account for a 47% share (2011/12: 46%) of total sales. Revenues from the sale of SAP licenses exceeded management’s own expectations and totalled EUR 26.7 million, which is a plus of one percent. The biggest gain of all was in consulting revenues, which increased 27% to EUR 68.5 million (2011/12: EUR 53.8 million). The revenues in 2012/13 attributable to acquisitions totalled approximately EUR 11.5 million. This means that of this revenue growth of 22%, some 14 percentage points resulted from organic growth and about 8 percentage points from recent acquisitions.
The preliminary EBITA increased 63% to EUR 13.7 million. The EBIT clearly outperformed sales development by increasing 76% to EUR 10.5 million (2011/12: EUR 6.0 million). The EBIT margin amounted to 5.6% (2011/12: 3.9%). The preliminary EBT was EUR 8.8 million (2011/12: EUR 5.0 million), which is a plus of 75%. The net debt was almost halved from EUR 12.3 million (30 September 2012) to EUR 6.2 million. The headcount rose to 926 as at 30 September 2013 (30 September 2012: 712).
These preliminary results far exceeded the forecast for the financial year 2012/13 of sales of EUR 180 million and an EBIT of EUR 9 million. All for One Steeb plans additional investments and greater capital expenditures for the financial year 2013/14 (1 Oct 13 – 30 Sep 14) in order to strengthen its business model, expand the customer base and garner additional market shares. Revenues for 2013/14 are expected to be within the range of EUR 205 million to 210 million, with a projected EBIT of between EUR 10.5 million and 11.0 million. Headcount is expected to follow the growth in revenues and, over the course of the financial year 2013/14, may even break the mark of 1,000 employees for the first time. The risks of economic setbacks, which could lead to reduced demand, delinquent debts and insolvencies among customers, represent a major threat to achieving these forecasts.
All for One Steeb AG will be releasing its final consolidated financial statements for the financial year 2012/13 as scheduled during its financial results press conference on 17 December 2013.