DGAP-News

adesso SE sees successful start to 2021 / Dynamic sales growth and rise in earnings / Guidance increase, taking into account the non-recurring effects from the sale of the e-Spirit Group

DGAP-News: adesso SE / Key word(s): Quarterly / Interim Statement/Forecast adesso SE sees successful start to 2021 / Dynamic sales growth and rise in earnings / Guidance increase, taking into account the non-recurring effects from the sale of the e-Spirit Group 12.05.2021 / 07:31 The issuer is solely responsible for the content of this announcement. adesso SE sees successful start to 2021 / Dynamic sales growth and rise in earnings / Guidance increase, taking into account the non-recurring effects from the sale of the e-Spirit Group

- Sales up by 30 % to EUR 163.2 million

- EBITDA rises by 193 % to EUR 35.8 million (of which EUR 17.0 million from one-off effect)

- Earnings per share: EUR 3.78 (without one-off effect: EUR 1.07; previous year: EUR 0.60)

- The full-year forecast is confirmed and adjusted to take special effects into account

adesso SE sees a successful start to 2021, reporting a strong increase in sales of 30 % to EUR 163.2 million in the first quarter of 2021, following the significant growth in the number of employees in previous quarters and the acquisitions made in 2020. Around 25 percentage points of the growth was achieved organically, following the high demand for digitalisation services. The remaining 5 percentage points can be attributed to the acquisitions made in the previous year. The good capacity utilisation of the previous year was continued. Furthermore, the first significant license revenues in the product business were generated. This leads to a significant increase in the EBITDA to EUR 35.8 million (+193 %). This includes a non-recurring special effect of EUR 17.0 million from the sale of the e-Spirit Group, resolved in March 2021. Even without this effect, the operating earnings rose disproportionately to sales by 54 %, so that sales and EBITDA (adjusted) are well within the previous full-year forecast for 2021. The full-year forecast has therefore been confirmed on the basis of the positive development of the first quarter and further year planning and has been adjusted for the special effects from the sale of the e-Spirit Group. adesso now expects an EBITDA upwards of EUR 89 million (previously: upwards of EUR 72 million) with sales upwards of EUR 600 million.