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ots Ad hoc-Service: itelligence AG <DE0007300402> itelligence AG reports accelerated growth in third quarter Sales rise to EUR 102.7 million EBIT before integration costs increase to EUR 9.8 million

Frankfurt (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
itelligence AG, a leading e-business integrator with a strong
international presence offering comprehensive ASP-enabled vertical
industry solutions, reports accelerated growth in the third quarter.
Having grown at a rate of 21.8 percent in the first two quarters,
sales grew by 34.7 percent to EUR 38.4 million in the third quarter.
On the whole, sales rose to EUR 102.7 million in the first nine
months of the year (EUR 81.3 million in 1999).
The company's profitability clearly reflects the strategic
reorientation efforts following the merger of SVC and APCON into
itelligence AG. Excluding the budgeted non-recurrent integration
charges, EBIT for the first nine months of the year amounted to EUR
9.8 million or 9.5 percent of sales. The after-tax result came to EUR
4.8 million or EUR 0.1 million after integration charges. The profit
per share excluding these non- recurrent special effects amounted to
EUR 0.29, up 93 percent on the previous year's figure reported for
the SVC share. The adjusted after-tax result in the third quarter
rose from the previous year's EUR 1.2 million to EUR 1.9 million.
The company has continued to internationalize its business; 39.2
percent of sales were generated outside Germany during the period.
Two high- profile contracts reflect the particularly successful
development of the outsourcing business. SAPHosting, an SAP
subsidiary, has joined the ranks of itelligence's outsourcing
customers, operating its complete mySAP.com marketplace used by major
international companies on itelligence's computers. In addition,
itelligence signed a renewable two-year development support agreement
with SAPMarkets, another SAP subsidiary, with a particular focus on
the e- procurement and e-marketplaces segments.
While the fourth quarter is likely to see further accelerated
growth, the Board expects full-year sales to come in below EUR 167.9
million, i.e. to grow at below the planned rate of 49 percent. For
the reasons discussed above, the targeted EBIT growth rate of more
than 60 percent to EUR 17.5 million (before integration charges) is
likely to be slightly undershot, too. The very solid order backlog is
clearly above the previous year's level, covering capacities until
far into the first half of 2001.
The Management-Board

Contact:

Katrin Schlegel, itelligence AG, Tel.: 0521 914 48 74,
katrin.schlegel@itelligence.de

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