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Latest news about adesso SE
Dortmund, 28.03.2014
adesso sales and earnings up considerably in 2013 / Forecast for 2014 anticipates further growth
DGAP-News: adesso AG / Key word(s): Final Results/Forecast 28.03.2014 / 13:50 --------------------------------------------------------------------- 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. adesso succeeded in making considerable gains both in sales and in earnings in financial year 2013. It generated sales revenues of EUR 136.2 million (previous year: EUR 120.5 million) in the reporting year, equating to a - largely organic - increase of 13 %. The operating result (EBITDA) improved by 16 % to EUR 7.8 million (previous year: EUR 6.7 million). Consolidated earnings also rose substantially to EUR 3.0 million, as did earnings per share to EUR 0.48 (previous year: EUR 0.12). The satisfactory results are founded above all on profitable growth in Germany in the areas of consulting and tailor-made software. adesso was able to reinforce its role as a strategic IT partner to its leading customers and record substantial increases in sales revenues from nine of its top 10 customers. The number of employees increased by 137, or 13 %, to 1,221. Mobile Solutions recorded the highest rate of growth in 2013. In its Enterprise Mobility portfolio, adesso is able to combine its strengths in specialist expertise, core business processes and state-of-the-art software development and position itself successfully in the market. adesso is working on the mobile strategies of the future together with many of its customers. Even though there were increases in the operating result, consolidated earnings and net liquidity, expenses were also incurred through investments. With low sales revenues in North America, adesso invested some EUR 1 million in the expansion of its US subsidiary for the sale of the high-end content management system FirstSpirit in 2013 and made valuable progress in terms of gaining partners, increasing the company profile and boosting the sales pipeline. In Turkey, adesso founded a new subsidiary and began recruiting employees and building up customer relationships. In 2013, a customer-related project stoppage in Austria resulted in expenses in the operating result of almost EUR 1 million and a further EUR 0.8 million in write-downs on goodwill. On the basis of the positive business performance overall, the Executive Board and Supervisory Board propose a 17 % increase in the dividend to EUR 0.21 per share (previous year: EUR 0.18). This decision was made possible by the solid framework provided by the positive liquid asset base of EUR 21.8 million (previous year: EUR 21.4 million) and the healthy balance sheet structure. In 2013, adesso paid back a further EUR 2.4 million in loans, resulting in a EUR 2.7 million increase in net liquidity to EUR 16.4 million. Equity came to EUR 36.1 million (previous year: EUR 34.5 million) and the equity ratio rose year on year from 45 % to 48 %. According to adesso's forecasts, growth in 2014 is set to outperform market growth by a significant rate once again. Sales are expected to increase in 2014 by 6 % to 9 % to between EUR 144 million and EUR 148 million. The operating result (EBITDA) is also set to rise by 10 % to 16 % to between EUR 8.5 million and EUR 9.0 million. Activities centred on a further company acquisition are due to be intensified in 2014. In the USA, the first significant sales are expected to be generated with the FirstSpirit product. One major contract has already been successfully concluded in March 2014. Noticeable improvements in earnings are also anticipated in Austria and Switzerland. By contrast, investments in Turkey are expected to rise, with adesso pressing ahead with the expansion of its business activities centred on in-house solutions and products. The annual report and a table comparing key performance figures over previous years is available at www.adesso-group.de/en/ in the Investor Relations section. The Executive Board Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 930-9330 E-Mail: ir@adesso.de End of Corporate News --------------------------------------------------------------------- 28.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: adesso AG Stockholmer Allee 24 44269 Dortmund Germany Phone: +49 (0) 231 930-9330 Fax: +49 (0) 231 930-9331 E-mail: ir@adesso.de Internet: www.adesso-group.de ISIN: DE000A0Z23Q5 WKN: A0Z23Q Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (General Standard), Hamburg, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 260365 28.03.2014
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