Corporate News


adesso increases sales and earnings in the first half of 2016

With the presentation of its half-year report, adesso AG has confirmed the figures that were published in advance. In the first six months of 2016, the adesso Group increased sales year on year by 37 % to a new half-year record of EUR 119.0 million. Organic growth through the successful expansion of existing business activities accounted for 19 percentage points of this growth. This enabled adesso to easily exceed its target of expanding through organic growth by at least twice the rate of the market. Business performance was also assessed positively in terms of the full-year forecast.



Stuttgarter Lebensversicherung chooses adesso solution for its new claims management system

Revenue from licences, launch and maintenance to total around EUR 1 million

Stuttgarter Lebensversicherung a.G. (Die Stuttgarter) is replacing its existing claims management system for non-life, (third-party) liability, accident and supplemental health insurance with the adesso in|sure General Claims solution. The company has hired adesso to integrate in|sure General Claims into its current infrastructure and develop a solution for settling supplemental dental insurance claims, giving the insurance group a modern, web-based, ready-for-release claims system to supplement host-based portfolio management. Valued at around EUR 1 million, the project consists of fixed licence and maintenance revenue as well as integration and development services billed on a time and materials basis. The new solution is scheduled to go live in 2018, starting with Die Stuttgarter’s supplemental dental insurance business. The company’s casualty insurance business will follow at a later date.



Early extension of Executive Board contract with Michael Kenfenheuer until the end of 2021

The Supervisory Board is committed to the continuity of the successful management team

In May 2016, the Supervisory Board of adesso AG resolved to prematurely extend the Executive Board contract with Michael Kenfenheuer (57) which expires at the end of the year. The working paper was signed by both parties last week. The Chairman of the Executive Board will therefore continue to profoundly shape the future development of adesso AG until the end of 2021. With its recent long-term appointment, the Supervisory Board acknowledges Mr Kenfenheuer’s contribution to the successful expansion of the company, of which he has been a member of the Executive Board since 2000.



adesso AG boosts the operating result by 150 % in the first quarter of 2016 to EUR 3.8 million / significant sales growth of 33 % to EUR 56.1 million

Interim announcement for the first quarter of 2016

adesso AG considerably increased sales revenues in the first quarter of 2016 year on year. Growth was driven, in particular, by the core business of consulting and tailor-made software development in Germany and Switzerland, as well as adesso’s in|sure software products for the insurance industry. Growth, strong capacity utilisation and growth in license sales allowed the operating result (EBITDA) to rise from EUR 1.5 million in the first quarter of the previous year to EUR 3.8 million. The full-year guidance was increased by the expected sales and earnings figures of Smarthouse Media GmbH, which was acquired at the start of May.



adesso confirms preliminary figures of 2015 annual financial statements with high sales and earnings growth / proposed dividend increase of 20 %

With today’s publication of the consolidated financial statements, adesso AG confirms that it has exceeded the earnings forecast as announced on 26 February 2016. With sales growth of 25 % to EUR 196.4 million and a 46 % increase in the operating result (EBITDA) to EUR 14.3 million, the company achieved new record levels. The Executive Board and Supervisory Board will propose a 20 % higher dividend of EUR 0.30 per share to the Annual Shareholders’ Meeting. Against the backdrop of adesso’s growth initiatives, further increases in sales and earnings are also targeted in 2016.



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