DATAGROUP with higher sales momentum in the third quarter – Full-year forecast entirely confirmed

EQS-News: DATAGROUP SE / Key word(s): 9 Month figures DATAGROUP with higher sales momentum in the third quarter – Full-year forecast entirely confirmed 13.08.2024 / 07:28 CET/CEST The issuer is solely responsible for the content of this announcement. Revenue increase in CORBOX core business leads to organic growth in the third quarter of 2023/2024 Total revenue in the third quarter of 2023/2024 up 7.5 % yoy Order intake in CORBOX core business remains good, especially due to new contracts in future fields Earnings development characterized by investments in future technologies as scheduled, EBIT margin at 8.5 % after nine months Full-year outlook entirely confirmed   Pliezhausen, 13 August 2024. DATAGROUP SE (WKN: A0JC8S) today publishes its financial results for the third quarter and first nine months of 2023/2024. Third-quarter revenue grew by 7.5 % yoy as expected and nine-month revenue by 2.9 % yoy. Thanks to the good development in the CORBOX core business, DATAGROUP has grown organically in the third quarter both in comparison to the prior-year quarter and to Q2 2023/2024. The earnings development is in line with expectations and continues to reflect the ongoing investments in the future fields of artificial intelligence, cyber security and cloud technologies as scheduled. 24 new customers have been acquired in the current FY 2023/2024 to date. The resultant orders received in the CORBOX new customer business add up to over EUR 23m and thus significantly exceed the reference value of the entire FY 2022/2023 already today. The contracts of 51 customers were extended by an annual sales volume of almost EUR 18m and the contracts of 42 customers were renewed. The full-year outlook for fiscal year 2023/2024 is entirely confirmed. Revenues of EUR 131.8m in the third quarter were 7.5 % above the prior-year quarter (PY: EUR 122.6m). They added up to EUR 380.5m on a nine-month basis compared to EUR 369.7m in the period a year before, up 2.9 %. Thanks to a focus on organic profitable growth in the CORBOX business, gross profit increased by 6.6 % to EUR 271.3m (PY: EUR 254.4m) in the first nine months of 2023/2024.