EANS-Adhoc: adesso AG announces new sales and operating results records on the
basis of preliminary figures for 2011
proposal to increase the dividend by 20 %
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 07.03.2012 * Sales climb by EUR 20.3 million to EUR 106.0 million * Record EBITDA of EUR 8.7 million, up 56 % year on year * Earnings per share up 74 % to EUR 0.72 (previous year: EUR 0.42) On the basis of the preliminary and unaudited figures, adesso AG exceeded the forecast for 2011 announced with the half-year figures and also generated record sales and operating results. Another good result for its company-produced products business as well as stable IT services development enabled the company to close the fourth quarter of 2011 with sales revenues of EUR 26.9 million, EBITDA of EUR 1.5 million and earnings per share of EUR 0.17. Overall, sales surpassed the EUR 100 million mark for the first time in 2011. Sales revenues jumped by 24 % to EUR 106.0 million. More than 20 growth percentage points were organic and generated by developing new business models as well as by expanding existing business activities. Headcount as of the end of the year increased by 16 % from 729 to 847. Operating earnings (EBITDA) rose by 56 % to EUR 8.7 million in 2011, with the operating margin increasing from 6.5 % to 8.2 %. The margin improved despite substantially higher investments in company-produced products by increasing capacity utilisation, higher license and maintenance sales as well as price increases together with improved cost structures. Consolidated earnings rose by 58 % to EUR 3.9 million and earnings per share from EUR 0.42 to EUR 0.72. A 20 % increase in the dividend to EUR 0.18 per share will be proposed to the General Meeting subject to consent by the Supervisory Board. Additional disclosures Investments in the development of the company-produced product family dynamic.suite encumbered EBITDA for 2011 with EUR 0.9 million and consolidated earnings with EUR 0.8 million or EUR 0.13 per share. The partial write-down on goodwill of adesso´s business in Austria in the second quarter of 2011 impacted consolidated earnings by EUR 1.4 million or EUR 0.25 per share. Cash and cash equivalents as of the reporting date amounted to EUR 22.5 million (previous year: EUR 17.0 million). Regular repayments have reduced liabilities to financial institutions from acquisition loans by EUR 2.1 million. In 2012, adesso plans to grow both organically and through acquisitions. The macroeconomic and sector environment is expected to remain positive, although growth will be slower than in 2011. Further disclosures on the forecast and the Annual Financial Statements will be published with the presentation of the Consolidated Financial Statements and the Annual Report as of 30 March 2012. The Executive Board Further inquiry note: Martin Möllmann Manager Investor Relations Tel.: +49 231 930-9330 E-Mail: ir@adesso.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: adesso AG Stockholmer Allee 24 D-44269 Dortmund phone: +49 231 930-9330 FAX: +49 231 930-9331 mail: ir@adesso.de WWW: http://www.adesso-group.de sector: Computing & Information Technology ISIN: DE000A0Z23Q5 indexes: CDAX stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/general standard: Frankfurt language: English
Original content of: adesso AG, transmitted by news aktuell