DGAP-Adhoc: adesso AG increases operating earnings by 113 % to EUR 8.9 million to mark a new high for the first six months of 2016 / Earnings per share at 0.65 EUR more than tripled
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DGAP-Ad-hoc: adesso AG / Key word(s): Half Year Results/Preliminary Results adesso AG increases operating earnings by 113 % to EUR 8.9 million to mark a new high for the first six months of 2016 / Earnings per share at 0.65 EUR more than tripled Based on preliminary figures for the first six months of 2016 adesso reports sales of EUR 119.0 million and an EBITDA of EUR 8.9 million (previous year: EUR 4.2 million). Excluding the recent acquisitions sales were increased organically by 19 % and EBITDA by 76 %. In total sales cuntinued to rise by 37 % and EBITDA disproportionally by 113 %. Earnings per share increased to 0.65 EUR after 0.21 EUR in the same period last year. In the second quarter 2016 sales were EUR 62.9 million (previous year: EUR 44.9 million) and EBITDA EUR 5.1 million (previous year: EUR 2.7 million; Q1/2016: EUR 3.8 million). Of the EUR 2.4 million EBITDA-growth, EUR 0.9 million were contributed by the two acquisitions done since 30 June 2015. EBITDA-margin was 8.1 % in the second quarter. Based on the ongoing business the raised guidance for 2016 is reconfirmed with a positive outlook. Information and Explanation of the Issuer to this News: All business divisions were able to increase sales. Rising earnings contributions were generated mainly in the e-business division, adesso insurance solutions, adesso in Germany and Switzerland as well as from the content management system FirstSpirit. Drivers have been high incoming orders in nearly all key industry segments of adesso, a strong growth in headcount (+34 % to some 2,000 employees) while keeping up a high capacity utilisation and a profitable project business. Due to write-downs from the purchase price allocation first time consolidation of smarthouse adesso financial solutions GmbH has resulted in a slightly negative contribution to the consolidated earnings per share, despite the subsidiary's positive after-tax result. All figures are preliminary. The half-year report 2016 based on final figures will be published on August 26th, 2016, and will be available via the Company's website at www.adesso-group.de. Contact:
15-Aug-2016 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | adesso AG |
| Stockholmer Allee 20 | |
| 44269 Dortmund | |
| Germany | |
| Phone: | +49 231 7000-7000 |
| Fax: | +49 231 7000-1000 |
| E-mail: | [email protected] |
| Internet: | www.adesso-group.de |
| ISIN: | DE000A0Z23Q5 |
| WKN: | A0Z23Q |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London |
| End of Announcement | DGAP News Service |
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492779 15-Aug-2016 CET/CEST
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