22.02.2017
DATAGROUP SE DE000A0JC8S7
DGAP-News: DATAGROUP SE: DATAGROUP grows strongly and boosts quarterly profit
DGAP-News: DATAGROUP SE / Key word(s): Quarter Results
DATAGROUP SE: DATAGROUP grows strongly and boosts quarterly profit
22.02.2017 / 07:39
The issuer is solely responsible for the content of this announcement.
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DATAGROUP grows strongly and boosts quarterly Profit
Figures for Q1 2016/2017 (01.10.-31.12.2016)
Revenue +29 %, EBITDA +112 %
EBITDA margin soars from 5.9 % to 9.7 %
EPS up from 5 cents to 23 cents
Pliezhausen, February 22, 2017. DATAGROUP SE (WKN A0JC8S) started the
fiscal year 2016/2017 with a very strong first quarter in operating terms.
The IT service provider increased revenues by 29 %. Profit grew even more
pronounced due to the expansion of the high-margin Cloud and outsourcing
services.
In the first quarter of the fiscal year (01.10.-31.12.2016), revenues grew
significantly to EUR 53.4m (previous year EUR 41.6m). This growth was
particularly strong in the core business with IT services, where revenues
were up 33 % to EUR 43.5m (previous year EUR 32.6m). As a result, earnings
increased disproportionately strong. At EUR 5.2m, earnings before interest,
taxes, depreciation and amortisation (EBITDA) were more than twice as high
as in the previous year's quarter (previous year EUR 2.5m). The EBITDA
margin jumped from 5.9 % to 9.7 %. The increase in earnings before interest
and taxes (EBIT) was even more marked. EBIT grew by 268 % to EUR 3.3m
(previous year EUR 0.9m). Net income soared from EUR 0.4m in the previous
year to EUR 1.8m. Accordingly, earnings per share (EPS) grew strongly from
5 cents to 23 cents.
"We had an excellent start to the new fiscal year", commented DATAGROUP CEO
Max H.-H. Schaber. "Thanks to the successful takeover of employees from
Hewlett-Packard Enterprise we have experienced a strong surge in growth and
improved our operating profitability. At the same time, organic growth has
accelerated further. We have grown by more than 6 % in the first quarter
even without the additional revenues from the HPE deal. As we are focused
on the business with long-term Cloud and outsourcing contracts the share of
recurring income in revenue continues to be expanded and contribution
margins and earnings are spread more evenly across the fiscal year. This is
very well reflected in our outstanding result in the first quarter that is
traditionally rather weak."
The new fiscal year also started very well in terms of sales and marketing.
In addition to the successful acquisition of new customers for the full-
service offer CORBOX, DATAGROUP has also extended several long-term
contracts with important key accounts since October 2016, including
contracts with a media company and with a company from the real-estate
sector. Both contracts have a term of three years each and a total volume
of more than EUR 16m in service revenues over the contractual term.
"The retention of existing customers is just as important to us as the
acquisition of new customers", commented Dirk Peters, COO of DATAGROUP SE.
"We are therefore very pleased that we are very successful in both areas.
The examples show that we convince customers and stakeholders both
substantively with our full-service offer CORBOX and personally through
proximity, availability and reliability. Our very solid customer base is an
excellent starting point for further organic growth."
DATAGROUP plans to move from Entry Standard to Deutsche Börse's new SME
segment "Scale"
In the wake of the abolition of the Entry Standard, the exchange-regulated
open market segment, on February 28, 2017, DATAGROUP is making preparations
to move to "Scale", the successor segment. "In the short term, the move
into the new open market quality segment is the right step for DATAGROUP,
especially since we have already voluntarily more than fulfilled the
increased transparency requirements in the best interest of our
shareholders for a long time", says DATAGROUP CEO Schaber. "In line with
the company's further growth, however, we see DATAGROUP in the Prime
Standard in the medium term. We will therefore propose to the AGM to
authorise the management board to move to the regulated market associated
with prospectus requirements, if the cost-benefit ratio is favourable.
Until then, however, the new SME segment is the right place for us."
Detailed key figures for Q1 2016/2017 are available at www.datagroup.de.
About DATAGROUP:
DATAGROUP is a leading German IT service company. Over 1,700 employees at
locations across Germany design, implement, and operate IT infrastructure
and business applications such as SAP. With CORBOX, DATAGROUP offers its
customers all the IT services they need for a stable IT operation.
DATAGROUP thus is a full-service provider, serving over 550,000 global IT
workplaces for medium and large enterprises as well as for public-sector
clients. In other words: "We manage IT." The company is growing organically
and through acquisitions. The acquisition strategy is particularly noted
for its optimal integration of the new companies. DATAGROUP is actively
participating in the IT service market's consolidation process with its
"buy and turn around" and its "buy and build" strategy.
Contact:
DATAGROUP SE
Dr. Michael Klein
Investor Relations
Wilhelm-Schickard-Str. 7
D-72124 Pliezhausen
T +49-7127-970-059
F +49-7127-970-033
[email protected]
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22.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: DATAGROUP SE
Wilhelm-Schickard-Str. 7
72124 Pliezhausen
Germany
Phone: +49 (0)7127 970 000
Fax: +49 (0)7127 970 033
Internet: www.datagroup.de
ISIN: DE000A0JC8S7
WKN: A0JC8S
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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