EQS-News

DATAGROUP Gives Positive Outlook for Current Fiscal Year

EQS-News: DATAGROUP SE / Key word(s): AGM/EGM DATAGROUP Gives Positive Outlook for Current Fiscal Year 14.03.2024 / 15:36 CET/CEST The issuer is solely responsible for the content of this announcement. Dividend increase to EUR 1.50 per share Strong growth in CORBOX core business Focus on future topics of AI, cloud services and cyber security Company acquisitions as a further pillar of growth Pliezhausen, March 14, 2024: DATAGROUP SE (WKN A0JC8S) today held its Annual General Meeting at the company's headquarters in Pliezhausen. Among other things, the shareholders voted in favor of increasing the dividend to EUR 1.50 per share. The DATAGROUP Management Board expects revenue to grow to EUR 510-530m in the current fiscal year (previous year: EUR 497.8m), which already takes into account the effects from organic growth, revenue reduction from legacy contracts, and inorganic growth from M&A. EBITDA is expected to be in the range of EUR 77-81m and EBIT of EUR 43-46m and includes investments of around EUR 6m in future growth areas, a significant portion of which will be recognized in profit or loss.

At today's Annual General Meeting of DATAGROUP SE at the company's headquarters in Pliezhausen near Stuttgart, 73.1 % of the voting share capital was represented. The shareholders approved all items on the agenda with a large majority, including the distribution of a dividend of EUR 1.50 per share (previous year: EUR 1.10) from retained earnings. This corresponds to a total dividend payout of EUR 12.5m (previous year: EUR 9.2m) or 44 % of the net profit for the period of FY 2022/2023 and is thus within the usual range of DATAGROUP's dividend policy.

"Despite all macroeconomic adversities, we have again achieved a good business result, in which we naturally want our shareholders to participate", says Andreas Baresel, CEO of DATAGROUP SE. "The economic situation remains challenging, but DATAGROUP is excellently positioned and I am therefore optimistic about the future."

Strong order intake in CORBOX core business

The Management Board reported a successful CORBOX core business growth in the current financial year. Demand for CORBOX IT services continued to rise compared to the same period in the previous year and demand for consulting services, including in the SAP environment, also developed positively. New customer sales of EUR 18.5m have already been acquired on an annualized basis in the new financial year. "The strength of our business model and the sustainability of the CORBOX service-as-a-product approach are particularly evident in uncertain times," continues Baresel. "This approach ensures reliable and stable long-term development thanks to recurring sales and good margins. The latest incoming orders will also lead to further sales growth after the usual start-up phase of around nine months."