DGAP-News: COR&FJA AG / Key word(s): Quarter Results COR&FJA AG: COR&FJA publishes three-months report for 2014 28.05.2014 / 16:32 --------------------------------------------------------------------- COR&FJA publishes three-months report for 2014 (Leinfelden-Echterdingen, 28 May 2014) - COR&FJA AG published its financial report for the first quarter of 2014 today. It reveals that as at the reporting date 31 March 2014, the company generated aggregate turnover of 23.9 million euros (31 March 2013: 30.5 million euros) and earnings before interest, taxes, depreciation of property, plant and equipment and amortisation of intangible assets (EBITDA) totalling 6.2 million euros (31 March 2013: -4.8 million euros). This means that as far as turnover is concerned, COR&FJA is performing in line with expectations, although a comparison with the same period last year is impossible because the relevant data still included the turnover figures of the now disposed-of Banking segment as well as those from the previous full consolidation of the plenum subgroup. The EBITDA figures in the current reporting period are likewise in line with COR&FJA's plans and are shaped significantly by the deconsolidations of the former banking subsidiary and the plenum subgroup, which have resulted in non-recurring income in the medium seven-figure range. Cash flow from operating activity was similarly pleasing, more than doubling since the corresponding quarter last year to 12.3 million euros. As at the end of the first quarter of 2014, COR&FJA has an aggregate workforce of 881 (31 December 2013: 1,116) employees. This significant decrease results in particular from the fact that Sopra Banking Software GmbH (formerly COR&FJA Banking Solutions GmbH) and plenum AG and their subsidiaries are no longer part of COR&FJA AG's consolidated group. In view of the current market and sales situation, COR&FJA is expecting to generate turnover of roughly 100.0 million euros and an operating result before interest, taxes, depreciation of property, plant and equipment and amortisation of intangible assets (EBITDA) of some 11.0 million euros in the current financial year 2014. About COR&FJA The COR&FJA Group is one of the leading software and consulting companies for the European insurance sector, focusing on life insurance companies and providers of company pension funds. Its service spectrum ranges from standard software and the provision of consultancy services to the handling of IT operations (i.e. application service providing). The COR&FJA Group has its head office in Leinfelden-Echterdingen and offices in Munich, Aachen, Düsseldorf, Hamburg, Cologne and St. Georgen, as well as subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia, Poland, the Czech Republic, Portugal and the USA. It currently employs a workforce of nearly 900. Contact COR&FJA AG Corporate Communications Humboldtstraße 35 70771 Leinfelden-Echterdingen, Germany Tel. +49 711 94958-0 E-mail: [email protected] Internet: www.cor.fja.com End of Corporate News --------------------------------------------------------------------- 28.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: COR&FJA AG Humboldtstraße 35 70771 Leinfelden-Echterdingen Germany Phone: +49 (0)711 94958-0 Fax: +49 (0)711 94958-49 E-mail: [email protected] Internet: www.cor.fja.com ISIN: DE0005130108 WKN: 513010 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 271153 28.05.2014