19.11.2015
![]()
DGAP-News: msg life ag: msg life publishes nine-month report 2015
DGAP-News: msg life ag / Key word(s): 9-month figures
msg life ag: msg life publishes nine-month report 2015
19.11.2015 / 10:10
---------------------------------------------------------------------
msg life publishes nine-month report 2015
(Leinfelden-Echterdingen, 19 November 2015) - msg life ag (ISIN
DE0005130108) published its financial data for the first nine months of
2015 today. With aggregate turnover of 78.7 million euros (30 September
2014: 75.4 million euros) and earnings before interest, taxes, depreciation
of property, plant and equipment and amortisation of intangible assets
(EBITDA) of 4.9 million euros (30 September 2014: 10.0 million euros), the
2015 financial year has gone as expected so far in economic terms. It is
not possible to compare the earnings to the same period in the previous
year as considerable non-recurring effects from the disposal of the Banking
segment had accrued in that year.
As at the current balance sheet date, msg life generated consolidated
earnings of 3.0 million euros (30 September 2014: 12.7 million euros) and
thus earnings per share of 0.07 euros (30 September 2014: 0.31 euros). The
cash flow from operating activities was 2.3 million euros, which
demonstrates that the msg life Group is operating profitably. Equity as at
30 September 2015 totalled 43.8 million euros, which represents an increase
of 3.6 million euros in comparison with the balance sheet date in 2014; as
a result, the equity ratio was 57.0 per cent as at 30 September 2015. As at
30 September 2015, msg life employed a total of 866 members of staff (871
employees as at 30 September 2014). In the current 2015 financial year, the
msg life Group expects turnover of approximately 105.0 million euros and
earnings before interest, taxes, depreciation and amortisation (operating
EBITDA) of roughly 8.0 million euros.
As before, the completion of the new msg.Life Factory JEE mathematics,
msg.LF Product, remains the most important strategic target in terms of
product development. In the next few months, the company expects to acquire
its first two customers for this new actuarial component which is based on
the leading policy administration system msg.Life Factory.
msg life enjoyed sales success on the North American market in the third
quarter: a major life insurer awarded the msg life Group company in the USA
a multimillion-euro contract to implement a proposal and enquiry-processing
platform for the group business based there (life and professional
incapacity).
msg life has set itself the target of gradually offering its life insurance
solutions and products in the USA, where it generated turnover in excess of
20 million euros for the first time in 2014 and significantly expanded its
position on the health-insurance market. In this context, the company wants
to position the specific Group Life Offering US (GLOU) - which comprises
msg.Life Factory and other US components - on the US market.
About msg life
As part of the independent, internationally active msg Group, msg life ag
and its subsidiaries are among the leading software and consulting
companies for the European insurance sector and concentrate primarily on
life insurance companies and pension fund institutions. Their products and
services range from standard software through consulting services to the
assumption of responsibility for IT operations (cloud solutions).
The msg life Group has its head office in Leinfelden-Echterdingen and
offices in Munich, Aachen, Düsseldorf, Hamburg and Cologne, plus
subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia,
Poland, Portugal and the USA. It currently employs a workforce of almost
850.
Contact
msg life ag
Corporate Communication
Frank Fahrner
Humboldtstrasse 35
70771 Leinfelden-Echterdingen
Tel.: +49 (0)711 949 580
Email: [email protected]
Internet: www.msg-life.com
---------------------------------------------------------------------
19.11.2015 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.
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: msg life 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.msg-life.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
---------------------------------------------------------------------
414751 19.11.2015
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
msg life ag ISIN: DE0005130108 können Sie bei EQS abrufen
Software , 513010 , MSGL , HAM:MSGL