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DATAGROUP SE: DATAGROUP Publishes Annual Financial Statements and Confirms the Record Result for the 2021/2022 Fiscal Year

EQS-News: DATAGROUP SE / Key word(s): Annual Results DATAGROUP SE: DATAGROUP Publishes Annual Financial Statements and Confirms the Record Result for the 2021/2022 Fiscal Year 19.01.2023 / 07:32 CET/CEST The issuer is solely responsible for the content of this announcement. DATAGROUP Publishes Annual Financial Statements and Confirms the Record Result for the 2021/2022 Fiscal Year

Pliezhausen, 19 November 2023. DATAGROUP SE (WKN: A0JC8S) today publishes its audited annual financial statements for the fiscal year 2020/2021. The IT service provider has again generated record results.

Revenue was up 12.8% to EUR 501.4m in the fiscal year just closed (PY: EUR 444.7m). This result exceeds the company’s guidance of EUR 480–500m. EBITDA increased by 13.6% to EUR 76.5m (PY: EUR 67.3m) which is also above the guidance of EUR 72–75m. At 15.2 %, the EBITDA margin is slightly above the prior- year level of 15.1 %. EBIT came in at EUR 41.5m (PY: EUR 28.7m), which is an increase of 44.7 % and a new record high. The EBIT margin improved significantly to 8.3% after 6.4% in the previous year.

“We are very happy that we have again surpassed our targets in the last fiscal year. Over the years, DATAGROUP has proven to be a stable company which continues to grow even in turbulent times”, explains Andreas Baresel, Chief Executive Officer of DATAGROUP. “Demand for our CORBOX IT services is growing and we have also seen strong interest in our consulting services, in SAP and Cloud amongst others.”

The financial result is burdened by one-time special effects of EUR 2.2m, mainly due to a final purchase price allocation. Net income grew to EUR 22.0m (PY: EUR 20.7m). Restructuring measures in the past financial year led to special tax effects, so that the tax rate rose from 22.4% in the same period of the previous year to 40.0% in the reporting period. DATAGROUP expects s significantly lower tax rate in the coming financial years.

 

HIGH SERVICE REVENUE AND STABLE CUSTOMER DEMAND

At 80.9% (PY: 84.4 %) the proportion of services in revenue remains on a very high level. Customer demand also continues to grow unabated and has reached a new record high in the last fiscal year. 20 new CORBOX contracts were concluded, 20 contracts were extended, and 34 existing customers extended or renewed their contracts.