Powerful Dynamics and Strong Growth / Figures for the 1st Half of Financial Year 2017/18
Filderstadt, 07 May 2018 – All for One Steeb AG, the Number 1 in the German-speaking SAP market, a leading IT service provider, and sought-after partner for digitalisation in the midmarket sector, today released its unaudited results for the period 1 October 2017 to 31 March 2018.
All for One Steeb increased sales on an almost exclusively organic basis by 14% from EUR 148.7 million to 170.1 million in the 1st half of the financial year 2017/18. Only some 2 percentage points are attributable to growth through acquisitions.
The ongoing high pace of growth was most evident in revenues generated from cloud services and support – a plus of 28% to EUR 27.7 million – and in the sales of software licenses, which increased 22% to EUR 25.8 million when compared on a half-year basis. The amount of revenues from software support continues to grow reliably and improved by 7% to what is now EUR 47.3 million in this 1st half of the financial year 2017/18. Revenues from consulting and services posted a gain of 13% to EUR 69.3 million. The company’s consulting resources are enjoying good utilisation rates.
»The high level of dynamics with which we are expanding our business continues unabated. We are using our business model, which uniquely combines expertise in business processes, technology and strategy, to address each of our customers’ business lines and departments on all things involving that wide-ranging subject of digitalisation. Our aim is to improve our customers’ ability to compete within a digital world. And, as always, we are keeping a close eye on profitability«, explained All for One Steeb CFO Stefan Land.
The EBITDA increased 8% to EUR 16.4 million for an EBITDA margin of 9.6% (Oct 2016 – Mar 2017: 10.2%). The EBIT improved 3% to EUR 11.1 million resulting in an EBIT margin of 6.5% (Oct 2016 – Mar 2017: 7.2%). The EBT was EUR 10.6 million (Oct 2016 – Mar 2017: EUR 10.4 million). Earnings after tax decreased 3% to EUR 7.2 million and correspond to earnings per share of EUR 1.48 (Oct 2016 – Mar 2017: EUR 1.49). The equity ratio as at 31 March 2018 was 42% (30 Sep 2017: 41%) while the workforce grew to 1,604 employees (31 Mar 2017: 1,381 employees).
»We expect to see a continuation of the powerful dynamics that are driving our cloud and software revenues. This is why we have made a slight upward adjustment to the revenue side of our annual outlook for 2017/18. We are now expecting total revenues of between EUR 325 million and 335 million, whereas our earlier projection called for revenues to range from EUR 315 million to 325 million. There is no change to our forecast of an EBIT of between EUR 20.5 million and 22.0 million for 2017/18«, announced Land.
All for One Steeb AG will be publishing its complete half-year financial report as scheduled on 11 May 2018.