EQS-News

DATAGROUP SE: DATAGROUP with record revenues and earnings – Guidance again exceeded - Seite 2

The proportion of services in revenue remained at a very high level of 80,9 % (PY: 84,4 %). New business, upselling and contract renewals have reached a new all-time-high; 20 new CORBOX contracts were signed in the past fiscal year, 20 contracts were expanded, 34 existing customers have either extended or renewed their contracts. 

VERY GOOD EARNINGS DEVELOPMENT WITH SIGNIFICANT MARGIN IMPROVEMENT

In the fiscal year 2021/2022, EBITDA amounted to EUR 76.5m compared to EUR 67.3m in the prior year (+13.6 %). The efficiency measures of the previous years have now resulted in a record EBIT of EUR 41.5m after EUR 28.7m in the previous year (+44.7 %). The EBITDA margin of 15.2 % is slightly above the prior-year level of 15.1 %, whilst the EBIT margin improved significantly by +1.9 % points to 8.3 % after 6.4 % in the previous year, bringing the medium-term ambition of 9 % EBIT within reach.

The financial result includes one-time special effects of EUR 2.2m, which are dominated by a final purchase price allocation. Net income amounts to EUR 22.0m after EUR 20.7m in the prior-year period. Restructuring measures implemented in the fiscal year just ended led to special tax effects, resulting in an increase in the tax rate from 22.4 % in the prior-year period to 40.0 % in the period under review. We assume the tax rate to be significantly lower in the coming fiscal years.

“Despite another difficult year in macro-economic terms, which was characterized by the war in Ukraine and the resultant increase in energy prices, DATAGROUP has achieved another record year. Once again, this proves the sustainability of the CORBOX Service as a Product approach. We generate recurring revenues and good margins with this standardized service portfolio, which we continuously develop and focus on the needs of the German Mittelstand companies”, Andreas Baresel, CEO of DATAGROUP, is pleased to say. “Increasing productivity of our central supply units leads to a significant improvement of the operating EBIT margin and helps us to address the challenges of the current economic environment”, Andreas Baresel continues.