Corporate News


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.



Münchener Verein Lebensversicherung opts for PSLife as a new inventory and service system

This year, Münchener Verein Lebensversicherung a.G. initiated a project to set up a new inventory and service management system based on the PSLife software product. The model-based policy administration software for life insurers was developed by PSLife GmbH, a subsidiary of IT service provider adesso. PSLife GmbH and affiliated company PSLife Consulting GmbH are supporting Münchener Verein Lebensversicherung with the introduction and adaptation of the PSLife software solution.



adesso AG: Successful third quarter of 2015 sets new records in sales and operating results

Interim announcement of adesso AG in accordance with Section 37 of the Securities Trade Act (WpHG)

adesso AG again considerably increased sales revenues in the third quarter of 2015 compared to the previous quarter and year on year. In addition to the core business of consulting and tailor-made software development in Germany and Switzerland, growth was driven by the expansion of the company’s own insurance solutions. The operating result increased to a new high on the back on strong capacity utilisation, profitable projects and higher licence sales.



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