All for One Midmarket AG: Half-Year Results for the Financial Year 2009/10

All for One Midmarket AG / Half Year Results/Half Year Results

03.05.2010 17:36

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Results for the period 1 October 2009 to 31 March 2010:

* Sales: EUR 41.1 million (+5% over Oct 08 - Mar 09)
* EBIT: EUR 1.4 million (Oct 08 - Mar 09: minus EUR 0.9 million)
* Net group earnings: EUR 1.1 million (Oct 08 - Mar 09: minus EUR 1.0
million)
* Equity ratio: 55% (30 Sep 2009: 50%)
* Outlook positive

Filderstadt, 3 May 2010 - All for One Midmarket AG, which holds a leading
position in the German-language SAP midmarket segment, today released its
results for the period of 1 October 2009 to 31 March 2010. Despite
challenging markets, this SAP full-service provider improved sales by 5% to
EUR 41.1 million (Oct 2008 - Mar 2009: EUR 39.3 million). About half of
this growth in sales revenues is attributable to the mid-2009 acquisition
of shareholdings in team HR Organisationsberatung Personalwirtschaft GmbH.
The recurring sales revenues from outsourcing services improved 21% to EUR
15.3 million (Oct 2008 - Mar 2009: EUR 12.7 million), which means that this
business accounts for 37% of sales (Oct 2008 - Mar 2009: 32%). The major
investments made in 2008 in new mirrored high-end data centers combined
with service portfolio enhancements continue exercising a growing positive
impact. Customers reduced working hours and plant closures led to an
expected decline in consulting revenues of minus 9% to EUR 17.1 million in
the 1st half of the year (Oct 2008 - Mar 2009: EUR 18.8 million).
Nevertheless, positive developments in licensing sales resulted in new
customer projects, which in turn should provide for solid utilisation. The
half-year licensing revenues totalled EUR 7.3 million and were therefore
21% higher than the prior year (Oct 2008 - Mar 2009: EUR 6.0 million).

The half-year EBITDA was EUR 3.2 million (Oct 2008 - Mar 2009: EUR 0.9
million). The corresponding EBIT totalled EUR 1.4 million (Oct 2008 - Mar
2009: minus EUR 0.9 million), so that an EBIT margin of 3% of sales was
reported in the 1st half of the year. The half-year earnings after taxes
were EUR 1.1 million. The corresponding prior-year figure of minus EUR 1.0
million includes major one-time costs stemming from the corporate
restructuring. Earnings per share totalled 21 euro cents (Oct 2008 - Mar
2009: minus 21 euro cents). The equity ratio as at 31 March 2010 was 55%
(30 September 2009: 50%).

Stefan Land, the Chief Financial Officer of All for One Midmarket AG: »Our
half-year results confirm our overall positive performance. For the 2009/10
financial year, we remain to expect a modest increase in sales. The EBIT
might be at the top end of our already communicated range of EUR 1.5
million to 2.0 million«.

All for One Midmarket AG will be publishing its complete half-year
financial report as at 31 March 2010 as scheduled on 12 May 2010.


About All for One Midmarket AG

All for One Midmarket AG which operates primarily in Germany, Austria and
Switzerland, is an IT full-service provider for the mid-size business
market. Market observers rank All for One amongst the leading players in
the German-language SAP midmarket segment. Focused on manufacturing and
project services companies, All for One serves over 1,000 clients. Its
portfolio comprises end-to-end solutions along the whole of the IT value
chain - from SAP industry solutions for the midmarket to outsourcing
services and application management. With over 400 employees, All for One
Midmarket AG achieved a Group turnover of EUR 54.7 million in the short
financial year from 1 January to 30 September 2009.

All for One Midmarket AG is listed in the Prime Standard segment of the
Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000) and is a
subsidiary of BEKO HOLDING AG, which owns approximately 66% of its stock.

www.all-for-one.com/english


Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag@all-for-one.com




03.05.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      All for One Midmarket AG
              Gottlieb-Manz-Straße 1
              70794 Filderstadt-Bernhausen
              Deutschland
Phone:        +49 (0)711 78 807-260
Fax:          +49 (0)711 78 807-222
E-mail:       dirk.sonntag@all-for-one.com
Internet:     www.all-for-one.com
ISIN:         DE0005110001
WKN:          511000
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart, Hamburg
 
End of News                                     DGAP News-Service
 
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