adesso AG / Key word(s): Quarter Results/Change in Forecast 10.05.2016 14:40 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- adesso AG increases operating earnings by 150 % to EUR 3.8 million in the first quarter of 2016 / Guidance for 2016 confirmed after acquisition-related increase Based on preliminary figures for the first quarter of 2016 adesso reports sales of EUR 56.1 million (previous year: EUR 42.1 million) and an EBITDA of EUR 3.8 million (previous year: EUR 1.5 million). Year on Year the boost of 150 % or by EUR 2.3 million results from a weaker first quarter 2015 marked by investments, a sales growth of 33 % and higher license revenues with the company's own products. Partly the sales and earnings growth results from the acquisition in Switzerland in mid-2015. Regarding the development in the first quarter, the guidance for the full-year is confirmed and adjusted in line with the recent acquisition of Smart House Media GmbH, which will be included in the consolidated financial statements of adesso from May 2016 in accordance to the IFRS. The raised sales forecast is now expected in the range from EUR 231 million to EUR 243 million (previously: EUR 220 million to EUR 232 million) and the forecast for the operating result EBITDA in the range from EUR 17.0 million to EUR 19.5 million (previously: EUR 14.5 million to EUR 17.0 million). Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: [email protected] --------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: Additional information While taking into account the incidental acquisition costs a positive contribution pro rata temporis of Smart House Media GmbH to the consolidated operating profit of adesso in 2016 is expected. However, a positive contribution to the earnings per share is not expected until the subsequent year 2017. In 2016 the short-term amortisation of the acquired order backlog and parts of the customer base are decisive. A voluntary release of the interim announcement within the first half of 2016 with key figures of the finalised financial statement for the first quarter is scheduled to be released on 13 May 2016. It will be as well available on the website of the Company, please visit www.adesso-group.de. 10.05.2016 The DGAP 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: adesso AG Stockholmer Allee 20 44269 Dortmund Germany Phone: +49 231 7000-7000 Fax: +49 231 7000-1000 E-mail: [email protected] Internet: www.adesso-group.de ISIN: DE000A0Z23Q5 WKN: A0Z23Q Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------