Corporate News


adesso reports high growth in sales in the first half of 2017/Operating result lower than previous year after strong expansion in headcount

* Sales increased by 26% to EUR 149.6 million
* EBITDA amounts to EUR 7.6 million (- 14%)

By releasing its half-year report, adesso AG confirms the preliminary figures published before. The adesso Group increased sales in the first half of 2017 by 26% compared to the previous year, marking a new half-year high of EUR 149.6 million. 19 percentage points of sales growth were achieved organically by expanding existing business activities successfully. However, investments in the strong growth have weighed on earnings and, together with a lower share of customer-billable hours, reduced earnings before interest, taxes, depreciation and amortization (EBITDA) by 14% compared to the previous year. In the second half of the year, the operating result is expected to increase.



adesso awarded multi-year contract worth around EUR 21 million to develop new software system for healthcare sector

Medizinischer Dienst der Krankenversicherung (MDK) has awarded adesso AG, in its role as a general contractor, the contract for a large-scale project aimed at developing a new software system for the healthcare industry. The volume of the contract totals around EUR 21 million, EUR 4.4. million of which are attributable to the eight-year maintenance contract, which was concluded at the same time. The order underscores the significance of adesso’s consultancy and software development expertise in the healthcare sector. adesso will be supported by its partner in the consortium, HBSN AG, which will provide products and services worth some EUR 4 million. The overall system will be developed and productively deployed in phases. The first module is scheduled to enter production in late 2018. Project completion is scheduled for late 2021.



"Münchener Verein" opts for adesso product in|sure General in the field of composite insurance

To be even better prepared for the increasing digitalisation of the insurance sector, "Münchener Verein Allgemeine Versicherungs-AG" (Münchener Verein) will be using the standard software package offered by adesso insurance solutions GmbH for its composite policies in future. After launching in|sure PSLife for portfolio and claims management for life insurance and in|sure Partner for partner management, with in|sure General, the insurance group is now introducing a further component of the in|sure comprehensive IT package. Apart from licence purchasing, the remit includes providing services for launching, migrating the entire contract portfolio, and a multiple-year maintenance contract. By the beginning of 2018, adesso insurance solutions GmbH will provide its solution for productive use in the field of accident insurance. All other areas of composite insurance will then follow successively.



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.



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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