17.03.2016
DATAGROUP AG DE000A0JC8S7
DGAP-News: DATAGROUP AG: DATAGROUP with higher dividend and new supervisory board
DGAP-News: DATAGROUP AG / Key word(s): AGM/EGM/Dividend
DATAGROUP AG: DATAGROUP with higher dividend and new supervisory board
17.03.2016 / 14:06
The issuer is solely responsible for the content of this announcement.
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DATAGROUP with higher dividend and new supervisory board
Dividend up by 25% to 25 cents
Renowned economic and IT experts elected to the supervisory board
Broad approval of the merger plan for a European company
Further increase in revenues and EBITDA projected
Pliezhausen, March 17, 2016. The ordinary Annual General Meeting of
DATAGROUP AG (WKN A0JC8S), which has taken place today at the head office
near Stuttgart, has decided to increase the dividend from 20 to 25 cents
per share. The shareholders will thus benefit from the record result
achieved by the IT service provider in the last fiscal year. In its outlook
for the current fiscal year, the management expects another significant
increase in revenues and earnings.
Some 81% of the share capital were represented at this year's ordinary
Annual General Meeting of DATAGROUP AG. All agenda items were approved
unanimously or with a large majority, including the distribution of a
dividend of 25 cents per share (previous year 20 cents). Overall, the
company will pay out EUR 1,893,114.75 to its shareholders, equalling some
28% of the net profit. The remaining amount of EUR 4,846,804.77 will be
carried forward to new account. DATAGROUP had achieved new all-time-highs
in FY 2014/2015 with revenues of EUR 158m and earnings before interest,
taxes, depreciation and amortisation (EBITDA) of EUR 15.3m.
According to regular schedule, the Annual General Meeting selected a new
supervisory board and confirmed each of the three proposed candidates with
a very large majority. In addition to Heinz Hilgert, the former Chairman of
the Supervisory Board, Dr. Carola Wittig and Klaus Hardy Mühleck will join
the board. Dr. Carola Wittig is presiding judge at the District Court in
Stuttgart and a recognised expert in economic, tax and IT issues. Klaus
Hardy Mühleck is Senior Vice President / Chief Information Officer (CIO) of
thyssenkrupp AG and previously held the positions of CIO at Volkswagen and
Audi as well as CIO Automotive at Daimler AG. Heinz Hilgert is managing
partner and founder of TransVise GmbH. He held leading positions in
national and international banks, among others as CEO of West LB and Deputy
CEO of DZ Bank.
'We are very pleased to have again won three recognised economic and IT
experts for the Supervisory Board, helping us to further proceed on
DATAGROUP's successful path', says DATAGROUP CEO Max H.-H. Schaber. 'I
would like to thank in particular the departing members of the Supervisory
Board, Karlheinz Eisemann and Dr. Volkmar Weckesser, who supported
DATAGROUP's development in a trustful, energetic and constructive way.'
The AGM also approved the draft merger plan, according to which DATAGROUP
AG will be transformed into a European company (Societas Europaea). 'The
broad support from shareholders for this plan is an important signal',
comments DATAGROUP COO Dirk Peters. 'The international legal form will
strengthen our position in the competition for large, internationally
active Mittelstand companies. Additionally, the transformation will make it
easier to address international investors. It is another important step in
the implementation of our growth strategy DATAGROUP 2020.'
The management was very pleased with the business development in the
current fiscal year (01.10.2015 - 30.09.2016). DATAGROUP achieved strong
growth, particularly in its core business with high-margin IT services, and
significantly improved operating earnings. In the first five months of the
fiscal year, revenues grew by 5% to EUR 67.7m (previous year EUR 64.8m).
Adjusted for one-off items, earnings before interest, taxes, depreciation
and amortisation climbed by 9% to EUR 5.3m (previous year EUR 4.9m),
operating earnings per share (EPS) increased sharply by 28% to 18 cents
(previous year 14 cents).
'We will grow more strongly again this year and are above the very good
prior-year result in operating terms', comments DATAGROUP CEO Max H.-H.
Schaber. 'Based on the very good business development we expect to see new
record levels in terms of revenues and EBITDA. Furthermore,
acquisition-related one-off items may result in a jump in earnings.' For FY
2015/2016, the management expects revenues of between EUR 167m and EUR 175m
and an EBITDA of between EUR 15.5m and EUR 20m. Earnings per share are
expected to range between 66 and 100 cents.
About DATAGROUP:
DATAGROUP is a leading German IT service company. Over 1,400 employees at
16 locations across Germany design, implement, and operate IT
infrastructure and business applications such as SAP. With its product
CORBOX, DATAGROUP is a full-service provider, serving over 360,000 global
IT workstations 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 AG
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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17.03.2016 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 AG
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; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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