EQS-News

DATAGROUP SE: DATAGROUP with record revenues and earnings – Guidance again exceeded

EQS-News: DATAGROUP SE / Key word(s): Annual Results DATAGROUP SE: DATAGROUP with record revenues and earnings – Guidance again exceeded 22.11.2022 / 08:08 CET/CEST The issuer is solely responsible for the content of this announcement. DATAGROUP with record revenues and earnings – Guidance again exceeded

Pliezhausen, 22 November 2022. DATAGROUP SE (WKN: A0JC8S) today publishes preliminary results for fiscal year 2021/2022 and again delivers record results. Revenue was up EUR 56.7m or 12.8 % to EUR 501.4m in the fiscal year under review (PY: EUR 444.7m) and exceeded the guidance of EUR 480m - EUR 500m. Total revenue reached EUR 128.6m in the fourth quarter, corresponding to an increase of 12.9 % (PY: EUR 113.9m). EBITDA grew by EUR 9.2m or 13.6 % to EUR 76.5m (PY: EUR 67.3m) in the entire fiscal year which was also above the guidance of EUR 72m - EUR 75m.
 

STRONG REVENUE GROWTH

Revenue has again grown significantly in the fourth quarter by 12.9 % to EUR 128.6m (PY: EUR 113.9m). When compared to the last fiscal year, DATAGROUP’s revenue increased by EUR 56.7m or 12.8 % from EUR 444.7m to EUR 501.4m.

The full consolidation of URANO Informationssysteme GmbH ("URANO") and dna Gesellschaft für IT Services GmbH ("dna"), which were acquired in the previous year, as well as the initial consolidation of Cloudeteer and the Hövermann IT Group contributed to the growth in revenue^[1].

In particular, business of DATAGROUP’s fully integrated entities has developed very positively. Demand for CORBOX IT Services grew substantially in comparison to FY 2020/2021, while demand for consulting services, e.g. in the SAP environment, was equally encouraging. The first-time consolidation of Cloudeteer, a cloud native start-up with expertise in all public cloud topics and own software solutions, and  Hövermann IT Gruppe, which was acquired this year, also contributed to the development of earnings. The latter offers IT services and IT consulting for smaller and mid-sized companies, which are mainly based in North Rhine-Westphalia and Lower Saxony. As a certified SAP Gold partner, the company has outstanding expertise in SAP Business One.