22.08.2016
DATAGROUP AG DE000A0JC8S7
DGAP-News: DATAGROUP AG: DATAGROUP with strong growth in Q3
DGAP-News: DATAGROUP AG / Key word(s): Quarterly / Interim Statement/9-month
figures
DATAGROUP AG: DATAGROUP with strong growth in Q3
22.08.2016 / 11:10
The issuer is solely responsible for the content of this announcement.
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DATAGROUP with strong growth in Q3
Pliezhausen, August 22, 2016. DATAGROUP AG (WKN A0JC8S) has accelerated its
pace of growth in Q3 of FY 2015/2016 while significantly boosting operating
earnings. Revenues, EBITDA and EBIT grew at double-digit rates yoy. In view
of the very good performance and the successful takeover of employees and
services from Hewlett Packard Enterprise, the management confirms its
guidance and targets new records for the fiscal year as a whole.
In Q3 2015/2016 (01.04.2016-30.06.2016), DATAGROUP boosted its revenues at
a clear double-digit rate to EUR 44.0m (previous year EUR 36.1m, +22%). The
core business with high-margin IT services grew strongly by 15% to EUR
33.0m (previous year EUR 28.9m). In connection with long-term IT
outsourcing contracts, the IT service provider has secured lucrative major
orders in the trade with hard- and software, increasing trading revenues by
51% to EUR 10.9m (previous year EUR 7.2m).
DATAGROUP's earnings before interest, taxes, depreciation and amortisation
(EBITDA) also grew at a double-digit rate. EBITDA was up 13% to EUR 3.5m
(previous year EUR 3.1m), as were earnings before interest and taxes
(EBIT), which rose to EUR 1.9m (previous year EUR 1.7m, +13%).
DATAGROUP once again accelerated growth with the strong third quarter.
Overall, revenues were boosted to EUR 126.7m in the first nine months of
the fiscal year (01.10.2015-30.06.2016), which is a strong increase of 11%
or EUR 12.1m yoy (previous year EUR 114.6m). However, as a result of high
one-time income in the previous year, which will not materialise in this
form this year, as well as acquisition-related one-time expenses, earnings
remained below the previous year's level. EBITDA came to EUR 9.5m (previous
year EUR 10.4m, -8%), corresponding to an EBITDA margin of 7.5% (previous
year 9.1%).
"DATAGROUP has seen an excellent operating performance in the fiscal year,
particularly in the core business with long-term service contracts and
high-quality IT services", comments DATAGROUP COO Dirk Peters. "Thanks to
the modular character of our full-service offer CORBOX, we can optimally
adjust our offer to our customers' IT requirements, namely across all
industries. Since April, we have among others signed multi-year outsourcing
contracts with an internationally active construction and real-estate
company from Southern Germany, a major state authority and a car
manufacturer. And our sales pipeline is very well filled."
Earnings after taxes are burdened by one-time extraordinary tax expenses
and related interest expenses in the total amount of some EUR 1.2m. This is
attributable to the expected result of an audit, according to which a
profit-and-loss transfer agreement between companies of the DATAGROUP
group, which was cancelled in 2012, is to be classified as non-tax
deductible with retroactive effect. The management of DATAGROUP AG
considers this assessment to be incorrect and announced they would appeal
against the expected tax assessments. Third quarter results after taxes
fell to TEUR -502 (previous year TEUR 776) due to the extraordinary tax and
interest expenses. This corresponds to earnings per share (EPS) of -7 cents
(previous year 10 cents). After the first nine months of the fiscal year,
EPS now amounts to 11 cents (previous year 43 cents).
"The fourth quarter of the fiscal year traditionally is very strong for
DATAGROUP, so we will be able to clearly step up a gear in terms of
earnings until the end of the fiscal year", says DATAGROUP CEO Max H.-H.
Schaber. "Additionally, the successful takeover of employees from Hewlett
Packard Enterprise and the start of service production for HPE's existing
customers on September 1 will further improve our earnings and bring about
new record earnings in FY 2015/2016."
Based on the strong operating performance and the successful takeover of
employees and services from Hewlett Packard Enterprise the management
confirms the guidance for the fiscal year 2015/2016, expecting revenues of
EUR 167-175m, an EBITDA of EUR 15.5-20m and an EPS of 66-100 cent per
share. A complete overview of the quarterly figures is available on the
company's website www.datagroup.de in the Investor Relations section.
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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22.08.2016 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, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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