* Sales up 17 % to EUR 87.0 million

* EBITDA up 27 %, from EUR 3.3 million to EUR 4.2 million

* Earnings per share of EUR 0.21 (previous year: EUR 0.12)

With its Half-year Report, adesso largely affirms the previously published preliminary figures. adesso Group increased sales in the first half of 2015 by 17 % year on year to a new half-year high of EUR 87.0 million. This almost exclusively organic growth related to the expansion of existing business activities, particularly in Germany and Switzerland. adesso once again had a higher growth-rate than the market. Business with insurance companies, banks and health insurers, which is particularly important to adesso, increased further. There was also a leap in sales to public sector clients.

adesso insurance solutions business activities increased sharply as a result of ongoing projects as well as the orders associated with the development of additional modules for the in|SURE product family for insurance companies. Unlike in previous year, sales in the areas of enterprise mobility and e-commerce did not increase. The first priority here will be to compensate for the previous year's expired or expiring major projects.

Investment in the internationalisation of the product business in the USA, Switzerland and England continued. Although sales increased, higher cost for intensified sales efforts are still putting pressure on earnings. With more than 30 employees, the subsidiary in Turkey now has enough employees to take on mid-sized projects. Sales revenues in Turkey continue to rise meaning that on a monthly basis the break-even point was reached a number of times.

In the first half of 2015, the operating result (EBITDA) increased disproportionately to sales, by 27 % to EUR 4.2 million. The second quarter of 2015 with an EBITDA of EUR 2.7 million outperformed the first quarter despite the lower number of working days. This development was driven by higher licence sales with the new in|SURE product family for insurance companies as well as very high capacity utilisation at times. Consolidated earnings increased by 38 % year on year in the first half of the year to EUR 1.3 million. Tax expenses amounted to EUR 1.7 million, corresponding to an arithmetical tax rate of 56 %. This is due to not recognised deferred taxes, particularly on losses on the own international business. In the first half of 2015, earnings per share rose by 75 %, from EUR 0.12 in the previous year to EUR 0.21 due to the drop in the contribution to earnings made by minority interests.

On 30 June 2015, adesso held liquid assets of EUR 16.0 million (previous year: EUR 12.3 million; 31 December 2014: EUR 23.7 million); net liquidity (liquidity less interest-bearing liabilities) amounted to EUR -7.2 million (previous year: EUR 7.9 million; 31 December 2014: EUR 18.0 million). In addition to the planned payment of variable salary components for the previous year, the purchase of the remaining 50 % stake in PSLife GmbH as well as dividends and repayments for acquisition loans, the drop in the first half of 2015 was primarily the result of the taking out of new loans for the takeover of Born Informatik AG, Bern, Switzerland, as well as the payment of the purchase price. In light of favourable financing conditions as well as adesso's solid balance sheet structure, the purchase price was financed entirely by third parties with loans with terms of between five and ten years. Equity increased to EUR 39.3 million (previous year: EUR 35.8 million; 31 December 2014: EUR 38.7 million) and the equity ratio fell from 46.1 % on 31 December 2014 to 37.1 % due to the increase in total assets as a result of the acquisition.

The integration of Born Informatik AG in adesso Group has been a smooth process. Both customers and employees alike recognised the added value of merging into a leading Swiss IT service provider that generates sales in excess of CHF 40 million and support the swift and comprehensive fusion of the companies to form a new company, adesso Switzerland, based in in Bern and Zurich. The merger is expected in 2015.

In the second half of the year higher sales revenues coming from more working days, enlarged work force as well as higher licence income is expected. Together with the inclusion of Born Informatik AG, Bern, Switzerland, in the consolidated financial statements for the first time from 1 July 2015, this resulted in a rise in the sales and earnings forecast for full-year 2015. As already announced with the preliminary figures, sales revenues are expected to amount to between EUR 192 million and EUR 198 million (previously: between EUR 166 million and EUR 171 million) and EBITDA to between EUR 11.0 million and EUR 12.0 million (previously: between EUR 9.8 million and EUR 10.5 million). The acquisition of Born Informatik AG is not expected to have a positive impact on earnings per share in 2015 due to write-offs of the order backlog and the amortisation of customer bases together with financing costs pursuant to IFRS. Positive effects are only expected in subsequent years.

The complete Half-year Report and an overview of the key performance figures in table form are available under Investor Relations on the adesso website: www.adesso-group.de/en/investorrelations/.