09.05.2016
DATAGROUP AG DE000A0JC8S7
DGAP-News: DATAGROUP AG: DATAGROUP increases revenues and benefits from low interest rates
DGAP-News: DATAGROUP AG / Key word(s): Quarter Results/Half Year Results
DATAGROUP AG: DATAGROUP increases revenues and benefits from low interest
rates
09.05.2016 / 07:33
The issuer is solely responsible for the content of this announcement.
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DATAGROUP increases revenues and benefits from low interest rates
Q2 figures for FY 2015/2016 (01.01.-31.03.2016)
Revenues up 4% to EUR 41.1m (previous year EUR 39.5m)
Service share reaches 79% (previous year 76%)
DATAGROUP secures low interest rate with promissory note loan for 7 years
Pliezhausen, May 9, 2016. In Q2 2015/2016 (01.01.-31.03.2016), DATAGROUP AG
(WKN A0JC8S) again managed to increase revenues compared to the prior-year
period. In particular in the IT services core business, the company
recorded strong revenue growth of 8%. DATAGROUP optimises its financing
structure with a long-term promissory note loan (Schuldscheindarlehen) of
EUR 30m and benefits from the current low interest rates to an even
stronger extent. The money is intended to promote further company growth.
In Q2 2015/2016, DATAGROUP generates revenues of EUR 41.1m (previous year
EUR 39.5m, +4%). This is attributable to a strong increase of 8% in the IT
services core business. Service revenues were up EUR 32.5m (previous year
EUR 30.1m), the service share in revenues climbed to 79% (previous year
76%). Accordingly, the intended improvement of the gross profit to EUR
28.2m was very strong with 7% (previous year EUR 26.3m).
'DATAGROUP continues to develop strongly in its core business with Cloud
services and managed IT services', comments DATAGROUP CEO Max H.-H.
Schaber. 'We are very pleased with the operating performance of the fiscal
year, particularly with the ongoing strong demand for our full-service
offer CORBOX. We are also making good progress in integrating our most
recent subsidiary, DATAGROUP Vega, and have already reached break even as
planned. As announced, however, our intensive activities in the area of
mergers and acquisitions lead to temporarily higher expenses and reduce the
very good operating earnings. Targeted inorganic growth offers great
opportunities for the long-term corporate development. This is definitely
worth the expenditure.'
As a result of large one-off income in the same quarter a year ago, which
will not occur to this extent this year, as well as acquisition-related
expenses, Q2 earnings are below the level of the previous year. Earnings
before interest, taxes, depreciation and amortisation (EBITDA) totaled EUR
3.5m (previous year EUR 4.2m, -16%). This corresponds to an EBITDA margin
of 8.6% (previous year 10.6%). Earnings per share amounted to 13 cents
(previous year 23 cents).
In the entire first half of 2015/2016 (01.10.2015-31.03.2016), DATAGROUP
increased revenues by 5% to EUR 82.7m, reaching a new peak (previous year
EUR 78.4m). EBITDA came in at EUR 6.0m (previous year EUR 7.3m, -18%),
earnings per share at 17 cents (previous year 33 cents).
New promissory note loan secures financing and growth opportunities in the
long term
The issue of a promissory note loan of EUR 30m further improves DATAGROUP's
financing structure. The loan issued on April 1, 2016 has a total term of 7
years and was heavily oversubscribed. The average interest rate is 1.2% and
so it is again well below the 3.0% that DATAGROUP pays for a promissory
note loan issued in 2013. The loan was exclusively placed with banks with
which the company has long-standing business relationships.
'We have had very good experience with these financing tool', says Dirk
Peters, COO of DATAGROUP AG. 'The long duration ensures a high degree of
planning security and financial stability at favourable conditions. We can
continue on our growth path in a forceful way and have additional room for
acquisitions. At the same time, we are pleased about the banks' very strong
demand. It is a clear sign of confidence in our company and the sound
corporate management.' The issue was arranged by the Landesbank
Baden-Württemberg.
The new promissory note loan will be payable after 3, 5 and 7 years in
instalments of EUR 9m, 12m and 9m. Repayment differs from the loan in 2013
with two outstanding installments of EUR 7.5m each, which will be payable
in 2 and 4 years. Thanks to an even distribution, debts can be repaid from
the company's operating cash flow according to plan.
Detailed key figures für Q2 and the semi-annual report are available for
download at www.datagroup.de.
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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09.05.2016 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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