Corporate News

2017-05-31

adesso awarded EUR 3.2 million contract from NRW State Administration for migration project

adesso AG has been awarded a contract by the North-Rhine Westphalian State Office for Information and Technology (IT.NRW) for a project for migrating existing systems as part of a Europe-wide call for tenders. The project, which is to be implemented by the end of 2018, has a contract volume of roughly EUR 3.2 million.

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2017-05-26

adesso AG continues growth path in the first quarter 2017 increasing sales and operating earnings

Interim announcement for the first quarter of 2017

adesso AG continued following the growth path in the first quarter 2017 by increasing its sales revenues compared to the prior quarter and the previous year. Growth drivers are furthermore the core business with consulting and custom software development for customers in Germany and Switzerland, the expansion of own insurance software products as well as the company acquisitions. Operating earnings increased due to sales growth and high-margin company acquisitions.

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2017-05-22

Executive Board members Christoph Junge and Andreas Prenneis gain early five-year contract extensions

Supervisory Board opts for continuity of successful management team

The adesso AG Supervisory Board has decided to prematurely extend the contracts of Executive Board members Christoph Junge (47) and Andreas Prenneis (52), which were set to expire in 2017 and 2018. Both Junge and Prenneis have already signed their extensions, which now run through to the end of 2022 and start of 2023 respectively. This follows last year’s five-year extension to CEO Michael Kenfenheuer’s (58) contract, with the Supervisory Board pledging its commitment to the successful three-man management team and opting for long-term continuity in the company’s leadership.

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2017-04-26

adesso supports Union Investment with digitalisation by mobilising business processes

Asset management company Union Investment is counting on the expertise of adesso AG to mobilise its business processes as part of its digitalisation programme. adesso will assist the company with implementing its enterprise mobility strategy up to the end of 2018. This will allow Union Investment employees to handle key business processes on the go in future using Smartphone applications. Up to 28 different business transactions will be featured on the new enterprise mobility app that will run on more than 1,100 employee Smartphones.

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2017-04-21

adesso reaches another milestone in the development of its own standard software for insurers / INTER Versicherungsgruppe has successfully introduced a new claim management system supplied by the adesso Group in its composite business unit

After a successful fourth quarter, 2016 was the most successful financial year in adesso AG's 20-year history. In 2016, its initiatives for expansion resulted in sales growth of 33 %, to EUR 260.4 million, a 61 % increase in its operating result (EBITDA), to EUR 23.1 million, and earnings per share of EUR 2.14, up from EUR 0.82 in the previous year. The Executive Board and Supervisory Board will propose a further 20 % increase in dividends, to EUR 0.36 per share, to the Annual General Meeting. The company will continue to pursue its ambitious growth strategy in 2017 and expects EBITDA to increase to between EUR 23.0 million and EUR 27.0 million.

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