DGAP-News

All for One Steeb AG: 6-Month Results for the Financial Year 2012/13

DGAP-News: All for One Steeb AG / Key word(s): Half Year
Results/Forecast
All for One Steeb AG: 6-Month Results for the Financial Year 2012/13

08.05.2013 / 09:38

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All for One Steeb AG - 6-Month Results for the 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, 8 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