DGAP-Adhoc

All for One Group SE: Preliminary figures for financial year 2019/20 // Forecast 2020/21 - Seite 2

The company started applying IFRS 16 Leases on 1 October 2019. Prior-year figures were not adjusted (modified retrospective method). EBITDA totalled EUR 41.3 million (2018/19: EUR 25.6 million), up 61%. The ratio of EBITDA to sales amounted to 11.6% (2018/19: 7.1%). Without IFRS 16, EBITDA would have been 26% higher year on year.

The effect of IFRS 16 on EBIT - which increased by 53% to EUR 19.3 million - was virtually zero. As a result, the EBIT margin amounted to 5.4% (2018/19: 3.5%). The figure includes a non-recurring item recognised as profit (up EUR 0.5 million) from adjusted staff pension plans (Switzerland), without which EBIT 2019/20 would have totalled EUR 18.8 million (4% below the comparable prior-year figure). The EBIT 2018/19 of EUR 12.6 million included separately recognised extraordinary costs (EUR 7.0 million) relating to the strategy offensive 2022. Accordingly, the comparable EBIT in the prior-year period (excl. extraordinary costs) would have totalled EUR 19.6 million.

EBT totalled EUR 17.9 million (up 48%), earnings for the period amounted to EUR 13.5 million (up 31%), and earnings per share to EUR 2.63 (up 28%). The corresponding figures for the prior year (2018/19) had, however, included non-recurring tax and interest income of EUR 2.9 million and 0.3 million, respectively.

Following first-time application of IFRS 16 and the issuance of new promissory note bonds in the current financial year, the balance sheet total increased by 26% to EUR 250.9 million. Cash and cash equivalents rose from EUR 28.5 million to 69.1 million (30 Sep 2020). As of 30 September 2020, the equity ratio was 36% (30 Sep 2019: 41%), while the headcount of 1,841 employees is nearly on a par with the prior year (30 Sep 2019: 1,846 employees).

Forecasts are particularly difficult at present due to the pandemic. Many of All for One Group's customers are themselves uncertain and are planning from one day to the next. Volatility among decision makers is enormous.

For the first half of financial year 2020/21, the company continues to anticipate a difficult environment. Customers and potential customers will rarely enter into large SAP S/4HANA implementation or conversion projects. From spring 2021 onwards, the global pandemic is expected to ease significantly, leading to a noticeable upturn in incoming orders.