All Stories
Follow
Subscribe to NTT DATA Business Solutions AG

NTT DATA Business Solutions AG

ots Ad hoc-Service: itelligence AG <DE0007300402> Sales up 32.1% to EUR 148.6 million, EBIT before integration costs at EUR 8.5 million

Frankfurt (ots Ad hoc-Service) -

Mitteilung gemäß Paragraph 15 WpHG, übermittelt von der DGAP
Für den Inhalt ist allein der Emittent verantwortlich
Sales up 32.1% to EUR 148.6
million, EBIT before integration costs at EUR 8.5 million
For itelligence, FY 2000 was marked by the merger and the related
reorientation in an increasingly difficult market environment.
Nevertheless, the company boosted its sales by 32.1% from the
previous year's EUR 112.5 million to EUR 148.6 million. However, the
effects of the internal reorganization and realignment processes on
overall staff performance in customer projects were stronger than
expected. Also, the company invested heavily in the expansion of its
international network (now comprising 43 branches in 19 countries,
incl. 7 in the USA) as well as in new IT technologies and SAP
solutions. As a result, operating EBIT (before integration costs)
declined from EUR 10.9 million to EUR 8.5 million. EBITDA before
integration costs stood at EUR 13.8 million. With the one-time costs
of the merger (EUR 10.3 million) on plan, EBITDA after integration
costs amounted to EUR 3.5 million and EBIT to EUR -1.8 million. Net
income stood at EUR -1.7 million; net income before the one-time
merger costs reached EUR 3.2 million.
Sales are projected to increase by 25% - 30% in 2001. The
operating EBITDA margin is expected to reach 9% - 11%, while the EBIT
margin is projected to range between 6% and 8% and to increase
continuously thereafter. The progress made in FY 2000, the year of
the merger, with regard to the company's international presence
(share of international revenues up from 28% to 41%) and its IT and
SAP technologies as well as the merger-related cross-selling effects
will increasingly make themselves felt in the course of this year.
end of ad hoc announcement, (c) DGAP 23.03.2001
WKN: 730 040; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr
in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart

Original content of: NTT DATA Business Solutions AG, transmitted by news aktuell

More stories: NTT DATA Business Solutions AG
More stories: NTT DATA Business Solutions AG