DGAP-News
DATAGROUP SE: DATAGROUP grows strongly and boosts quarterly profit
DGAP-News: DATAGROUP SE / Key word(s): Quarter Results |
DATAGROUP grows strongly and boosts quarterly profit
Figures for Q1 2016/2017 (01.10.-31.12.2016)
Revenue +29 %, EBITDA +112 %
EBITDA margin soars from 5.9 % to 9.7 %
EPS up from 5 cents to 23 cents
Pliezhausen, February 22, 2017. DATAGROUP SE (WKN A0JC8S) started the fiscal year 2016/2017 with a very strong first quarter in operating terms. The IT service provider increased revenues by
29 %. Profit grew even more pronounced due to the expansion of the high-margin Cloud and outsourcing services.
In the first quarter of the fiscal year (01.10.-31.12.2016), revenues grew significantly to EUR 53.4m (previous year EUR 41.6m). This growth was particularly strong in the core business with IT
services, where revenues were up 33 % to EUR 43.5m (previous year EUR 32.6m). As a result, earnings increased disproportionately strong. At EUR 5.2m, earnings before interest, taxes, depreciation
and amortisation (EBITDA) were more than twice as high as in the previous year's quarter (previous year EUR 2.5m). The EBITDA margin jumped from 5.9 % to 9.7 %. The increase in earnings before
interest and taxes (EBIT) was even more marked. EBIT grew by 268 % to EUR 3.3m (previous year EUR 0.9m). Net income soared from EUR 0.4m in the previous year to EUR 1.8m. Accordingly, earnings
per share (EPS) grew strongly from 5 cents to 23 cents.
"We had an excellent start to the new fiscal year", commented DATAGROUP CEO Max H.-H. Schaber. "Thanks to the successful takeover of employees from Hewlett-Packard Enterprise we have experienced
a strong surge in growth and improved our operating profitability. At the same time, organic growth has accelerated further. We have grown by more than 6 % in the first quarter even without the
additional revenues from the HPE deal. As we are focused on the business with long-term Cloud and outsourcing contracts the share of recurring income in revenue continues to be expanded and
contribution margins and earnings are spread more evenly across the fiscal year. This is very well reflected in our outstanding result in the first quarter that is traditionally rather weak."