Corporate News


adesso AG increases sales and earnings year on year in the first half of 2014

With its Half-year Report adesso affirms the previously published preliminary figures. adesso Group increased sales in the first half of 2014 by 15 % year on year to a new high of EUR 74.6 million. All of this growth related to the organic expansion of existing business activities as well as new solutions and services. adesso once again had a higher growth-rate than the market. Consulting and tailor-made software development in Germany were chiefly responsible for this growth as well as services in the area of enterprise mobility. In a market environment that remains mainly positive, adesso won a great many significant orders in core markets as well as in new ventures. A second insurance customer for the highly innovative management solution for claims handling was obtained, doubling the amount of claims handled by 100,000 per year. In the first half year a new milestone in developing the adesso insurance solutions was reached by starting to develop a new contract management system for health insurance companies on a contractual basis. In the USA additional license deals were closed with new customers for the high-end content management system FirstSpirit. Sales in Austria and in Switzerland stayed only level though.



adesso hosting services receives large order from COGNOS AG

Individual order leads to sharp increase in sales for the company

The adesso subsidiary, adesso hosting services GmbH, established at the end of 2012 continues to perform well. The new order received by the private education group COGNOS AG will provide a considerable boost to monthly sales. adesso hosting services will assume the operation of COGNOS AG’s core business applications and provide them as services. The transition to the new infrastructure will be carried out in several stages and will be completed by the end of the summer. The companies of the education provider, which include the renowned Fresenius University of Applied Sciences, will then have a scalable solution in a private cloud infrastructure.



adesso AG: Successful first quarter of 2014 with sales, earnings and margin growth

Interim announcement of adesso AG in accordance with Section 37 of the Securities Trade Act (WpHG)

adesso AG considerably increased sales, earnings and margin in the first quarter of 2014 compared to the previous quarter and year on year. Sales revenues were increased by 18 % to EUR 37.8 million in the first three months of the year, in particular as a result of the continued dynamic and organic growth of core business activities in Germany. Improved earnings contributions from the project business as well as higher license sales revenues with own products led to a disproportionately high rise in the operating result of 86 % to EUR 2.7 million.



adesso AG extends contract with CFO Christoph Junge ahead of schedule until the end of 2017

The Supervisory Board of adesso AG has extended its contract with CFO Christoph Junge (44) by three years. The contract was scheduled to expire at the end of 2014. By extending the contract early, the Supervisory Board is helping ensure continuity in its Executive Board division responsible for Finance, Human Resources, Administration and Legal Affairs as well as for Mergers & Acquisitions for the years to come. The contract renewal is also an expression of the trust in Dortmund-based adesso Group's ability to make its challenging targets with Junge as its CFO.



adesso sales and earnings up considerably in 2013 / Forecast for 2014 anticipates further growth

adesso AG has confirmed its provisional figures for 2013 released on 5 March 2014 with the consolidated financial statements published today in its annual report. The company succeeded in boosting its sales revenues to EUR 136.2 million and, in spite of further advancements in its investment policy, generate EBITDA of EUR 7.8 million. This confirms the full-year earnings forecast, with sales coming in higher than anticipated. The Executive Board and Supervisory Board are to propose the distribution of a dividend of EUR 0.21 per share, up from EUR 0.18 in 2012.



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