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ots Ad hoc-Service: AC-Service AG <DE0005110001> AC-Service on the Way to Being an Application Service Provider

Stuttgart (ots Ad hoc-Service) -

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announcement.
Integration of Most Recent Acquisition Successfully Completed. IT
Outsourcing Grows by 14 %.
With the integration of its latest acquisition in the human
resource services field, AC-Service has made yet another step in its
new alignment as application service provider (ASP). Just ahead of
this were the more than 700 new clients and 100,000 monthly payroll
accounts assumed from the Rechenzentrum Schulte GmbH in Aßlar and the
BRW GmbH in Vaterstetten near Munich in early November 1999. Together
with this acquisition, AC-Service is planning additional sales of
some DEM 12 million and an EBIT of more than DEM 2 million, after
goodwill amortisation, for the financial year 2000.
According to preliminary figures, group revenues for the 1999
financial year were DEM 100.8 million (prior year: DEM 95.1 million)
with an operating profit (EBIT) was DEM 5.7 million (prior year: DEM
7.7 million). At the end of 1999 the workforce included 425 employees
(31.12.1998: 358). Additional details will be made known at the
balance sheet press conference in Frankfurt on 29 March 2000.
Due to weak demand leading up to the millennium, total sales in
the Distribution Solutions division slipped to DEM 39.6 million
(prior year: DEM 45.5 million). This change had a larger than
expected impact on the group's operating profit. In the current year
the Distribution Solutions division's efforts will be concentrating
on implementing measures to achieve a significant improvement to
operational profitability.
Compared to last year, AC-Service saw organic revenue growth
within IT Outsourcing increasing by 14 % to DEM 28.6 million. The
current financial year is expected to again show growth well above
that of the prior year. Contributing to this will be new application
services such as the recently introduced e-business solution for the
Bosch wholesalers' broadened supply chain. The IT Outsourcing
division will be newly offering SAP R/3 solutions like AC TRADE.
Acquisitions are to further grow and expand this R/3 business.
AC-Service sees itself very favorably positioned to play a role in
the strongly growing application service providers market and expects
major growth for the year 2000.
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