16.11.2016
DATAGROUP AG DE000A0JC8S7
DGAP-News: DATAGROUP AG: DATAGROUP publishes preliminary FY 2015/2016 results
DGAP-News: DATAGROUP AG / Key word(s): Preliminary Results/Final Results
DATAGROUP AG: DATAGROUP publishes preliminary FY 2015/2016 results
16.11.2016 / 07:35
The issuer is solely responsible for the content of this announcement.
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DATAGROUP publishes preliminary FY 2015/2016 results
Strong increase in revenues of 11%
EBITDA jumps 25% to EUR 19.1m
EBITDA margin of 10.9% in the double-digit range for the first time
Pliezhausen, November 16, 2016. DATAGROUP AG (WKN A0JC8S) has grown very
strongly in FY 2015/2016 and improved its result disproportionately based
on preliminary figures. In particular, the cloud and outsourcing provider
strongly expanded its high-margin service business. The successful takeover
of 306 highly qualified IT specialists was a milestone for the business
development. It will come along with further strong growth in the future.
In FY 2015/2016 (01.10.2015-30.09.2016) DATAGROUP generated double-digit
growth of 11%. The company increased its revenues to EUR 174.9m (previous
year EUR 157.6m) and thus reached the upper end of its guidance (EUR 167-
175m). In the service business, where revenues grew strongly by 13% to EUR
135.9m (previous year EUR 120.8m), DATAGROUP has significantly pushed the
expansion of the high-margin cloud services. Here, revenues grew
disproportionately by 33% to EUR 76m (previous year EUR 57m).
At the same time, DATAGROUP delivered record earnings. Earnings before
interest, taxes, depreciation, and amortisation (EBITDA) jumped 25% to EUR
19.1m (previous year EUR 15.3m) and thus also reached the upper end of the
guidance (EUR 15.5-20m). Without the extraordinary effects from the
conversion to a European Company and acquisition-related restructuring
expenses of DATAGROUP Vega, the EBITDA would even have amounted to EUR
19.9m. The EBITDA margin has climbed in the double-digits to 10.9% for the
first time (previous year 9.7%). Earnings before interest and taxes (EBIT)
grew disproportionately by 32% and likewise reached a new all-time-high of
EUR 12.7m (previous year EUR 9.6m). The EBIT margin improved to 7.2% after
6.1% in the previous year.
The takeover of 306 IT specialists from Hewlett-Packard Enterprise (HPE)
contributed to the record earnings due to a negative purchase price.
Additionally, DATAGROUP significantly boosted its operating earnings in a
year-on-year comparison. After deduction of extraordinary income ("lucky
buy") and expenses from the HPE transaction as well as other one-time
effects, the operating EBITDA grew by over 15% yoy.
Earnings per share (EPS) achieved significant double-digit growth of 16% to
75 cents (previous year 65 cents). When adjusted for the special effects
mentioned above as well as the one-time extraordinary tax and interest
expenses in Q3 2015/2016 as a result of an audit, EPS would have amounted
to 99 cents (guidance 66-100 cents), which would equal a gain of 52% yoy.
Furthemore, the HPE transaction extended the balance sheet, mainly through
the takeover of pension liabilities in the amount of some EUR 30m. Possible
disadvantages from the high pension liabilities, which may result from
changes in the interest rate, are covered by an agreement with HPE. The
balance sheet was also extended through the issue of a new promissory note
loan (Schuldscheindarlehen) in April 2016, which helped DATAGROUP to secure
the current favourable financing conditions in the long term.
As a result, the balance sheet total rose to EUR 159.7m as at September 30,
2016 (previous year EUR 103.3m). Equity increased to EUR 28.4m (previous
year EUR 24.1m, +18%). The equity ratio, which was determined taking
account of subordinated loans, declined from 25.5% to 19.0% due to the
disproportionate extension of the balance sheet. The underlying covenants
of the promissory note loans that are related to the equity ratio were
adjusted in advance in agreement with the banks. DATAGROUP's very positive
overall financial development is reflected in a significant decrease in the
net debt by 12.2% to EUR 24.7m (previous year EUR 28.2m) and an increase in
the net liquidity by approximately ten times to EUR 24.4m (previous year
EUR 2.3m).
"Fiscal year 2015/2016 was outstanding in every respect", commented
DATAGROUP CEO Max H.-H. Schaber. "We have significantly exceeded our former
all-time-high in revenues and earnings and delivered on our guidance as in
the previous years. This high forecasting accuracy is very important to us.
We have also considerably improved our medium and long-term profitability
and growth prospects with the HPE deal. Already in the current fiscal year
2016/2017, we will exceed the revenue level of EUR 200m. As such, we have
taken a huge step towards our target of becoming the leading cloud and
outsourcing service provider for Mittelstand companies in Germany by 2020.
We have significantly expanded our technological expertise and our
innovative strength with the new employees and have sustainably enhanced
DATAGROUP's competitiveness."
Among the employees taken over, there are more than 100 specialists for SAP
HANA, a technology platform, which is decisive for the digital
transformation of companies. DATAGROUP now employs one of the largest SAP
HANA teams in the German provider landscape. As a result, the market
analysts of Experton and West Trax have recently rated DATAGROUP as "Rising
Star" among the SAP HANA service provider landscape.
The management is also very pleased with the sales outcome of the past
fiscal year. DATAGROUP signed long-term service contracts with 18 new
customers based on the full service offer CORBOX, and existing contract
relationships were significantly expanded with several existing customers.
The unbroken trend towards cloud computing continues to be a central growth
driver.
"With CORBOX, we offer our customers a cloud enabling platform, in which we
integrate third-party cloud solutions, enrich it with additional services,
and combine it with our own cloud and outsourcing services", commented Dirk
Peters, COO of DATAGROUP AG. "For instance, as one of the few German
partners, we can offer customers cloud solutions from Microsoft from our
own, very secure German data centres. By doing so, we optimally meet the
requirements for flexible, efficient and reliable cloud services. What is
decisive for many customers: As a full service provider, we also assume
full operational responsibility unlike pure cloud providers, and we
guarantee that data and applications are made available to the required
extent on a fail-safe basis."
One of the new CORBOX customers is a biotech company, which has recently
signed a five-year-contract with DATAGROUP. The company is globally leading
in a specific area of DNA sequencing. This generates large amounts of data,
which will be stored in the DATAGROUP Data Center in Frankfurt in the
future. In addition to the outstanding technological infrastructure and the
ISO-certified process quality and data security, DATAGROUP mainly convinced
with a high flexibility in retrieving resources. This enables the customer
to retrieve the required resources on demand on the basis of fully
transparent key figures.
DATAGROUP will announce the audited figures for FY 2015/2016 in January
2017. From now on, a detailed overview of the preliminary figures is
available under www.datagroup.de/investor-relations.
About DATAGROUP:
DATAGROUP is a leading German IT service company. Over 1,700 employees at
locations across Germany design, implement, and operate IT infrastructure
and business applications such as SAP. With CORBOX, DATAGROUP offers its
customers all the IT services they need for a stable IT operation.
DATAGROUP thus is a full-service provider, serving over 550,000 global IT
workplaces 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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16.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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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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