Dortmund, 11.11.2015

adesso AG increases operating earnings to a new high of EUR 5.4 million in the third quarter

adesso AG increases operating earnings to a new high of EUR 5.4 million in
the third quarter

Dortmund, 11. November 2015 - On the basis of preliminary figures, adesso
had sales of EUR 53.3 million and EBITDA of EUR 5.4 million in the third
quarter of 2015. The operating earnings key figure EBITDA set a new
quarterly record and is up significantly on the previous year and the two
previous quarters of the current year (Q3/2014: 3.7 million, Q1/2015: 1.5
million, Q2/2015: 2.7 million). Main drivers of the positive development in
the third quarter were the ongoing hiring of additional employees, the high
number of potential working days, a good utilization, little charges from
fixed-price projects as well as increased license sales by adesso high-end
content management system FirstSpirit. Furthermore, the first-time
inclusion of the acquired Born Informatik AG in Switzerland contributed
revenues of EUR 6.5 million in the third quarter and an EBITDA of EUR 0.6
million. The during the year already lifted EBITDA forecast of 11-12
million EUR for 2015 will be achieved on this basis with a high
probability. A number of outstanding product deals have the potential to
beat the forecast.

Additional information

According to provisional figures, sales rose in the first nine months of
2015 over the previous year by 22% to EUR 140 million and EBITDA by 38% to
EUR 9.6 million. Earnings per share is 0.64 EUR after 0.36 EUR in the
previous year. As expected, the acquisition of Born Informatik AG has not
delivered a positive contribution to earnings per share despite the
significant EBITDA contribution by write-downs on short-term components of
the purchase price allocation as well as financing costs. A positive effect
on earnings per share is expected beginning with the first
quarter 2016.

The complete interim report based on final figures will be published on 13
November 2015 and be available via the Company's website at
www.adesso-group.de.




Contact:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000
E-Mail: ir@adesso.de


11.11.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language:     English
Company:      adesso AG
              Stockholmer Allee 20
              44269 Dortmund
              Germany
Phone:        +49 231 7000-7000
Fax:          +49 231 7000-1000
E-mail:       ir@adesso.de
Internet:     www.adesso-group.de
ISIN:         DE000A0Z23Q5
WKN:          A0Z23Q
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (General
              Standard), Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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