05.02.2020 All for One Group AG  DE0005110001

DGAP-News: All for One Group AG: Growth in the Cloud / Reluctance to Invest in Implementation Projects


DGAP-News: All for One Group AG / Key word(s): Quarterly / Interim Statement/Forecast
All for One Group AG: Growth in the Cloud / Reluctance to Invest in Implementation Projects

05.02.2020 / 16:38
The issuer is solely responsible for the content of this announcement.

All for One Group AG - Growth in the Cloud / Reluctance to Invest in Implementation Projects

Unaudited results:

- Sales: EUR 92.3 million (down 2% year on year)

- Cloud services & support revenue: EUR 18.8 million (up 12% year on year)

- Decrease in license revenue due to investment restraint and cloud transformation

- Ratio of recurring revenue increases to 50% (prior year: 45%)

- First-time application of IFRS 16: sharp increase in EBITDA and balance sheet total

- EBIT: EUR 4.8 million (down 12% year on year)

- Earnings after tax: EUR 3.1 million (down 14% year on year)

- Sales and EBIT guidance for 2019/20 confirmed

Filderstadt, 5 February 2020 - All for One Group AG, leading consulting and IT group, published its unaudited results for the period from 1 October to 31 December 2019 (incl. first-time application of IFRS 16) today.

Non-recurring revenue from the sale of software licenses decreased to EUR 10.4 million (minus 37%), as a consequence of noticeable reluctance to invest in implementation projects as well as the ongoing transformation towards recurring cloud revenue. Recurring revenue from cloud services and support grew by 12% to EUR 18.8 million. This core module in the strategy offensive 2022 for increasing recurring revenue is therefore continuing its growth. Overall, recurring revenue increased by 9% to EUR 45.8 million quarter on quarter and includes both the aforementioned cloud services and support sales, and software support revenue (up 7% to EUR 27.0 million). As such, the share of total sales attributable to recurring revenue increased to 50% (Oct - Dec 2018: 45%). Including consulting and services sales (plus 1% to EUR 36.1 million), total revenue for the quarter (Oct - Dec 2019) amounted to EUR 92.3 million (minus 2%).

All for One Group AG started applying IFRS 16 (»Leases«) on 1 October 2019. Prior-year figures were not amended (modified retrospective method). EBITDA totalled EUR 10.5 million (Oct - Dec 2018: EUR 8.2 million), up 29%. The EBITDA margin relevant to sales amounted to 11.4% (Oct - Dec 2018: 8.7%). Without IFRS 16, EBITDA would have been on a par with the prior year.

The effect of IFRS 16 on EBIT - which decreased by 12% to EUR 4.8 million - was virtually zero. As a result, the EBIT margin amounted to 5.2% (Oct - Dec 2018: 5.8%). The prior-year figure of EUR 5.4 million included separately recognised extraordinary costs (EUR minus 0.6 million) relating to the strategy offensive 2022. Accordingly, the comparable EBIT in the prior-year period (without extraordinary costs) totalled EUR 6.0 million. The decrease in EBIT by EUR 1.2 million to 4.8 million (minus 21%) over the quarter Oct - Dec 2019 was mainly due to declining non-recurring revenue and, accordingly, contributions to earnings.

EBT totalled EUR 4.4 million (minus 16%), the result for the period amounted to EUR 3.1 million (minus 14%), and earnings per share to EUR 0.62 (minus 16%).

Following first-time application of IFRS 16 and the issuance of new promissory note bonds, the balance sheet total increased by 25% to EUR 249.3 million. As of 31 December 2019, the equity ratio was 34% (30 Sep 2018: 41%), while the headcount had risen by 7% to 1,859 employees (31 Dec 2019: 1,734 employees).

The company confirms its guidance for the full financial year 2019/20 of total revenue from EUR 375 million to 385 million and EBIT from EUR 20 million to 22 million.

All for One Group AG CFO Stefan Land: »We are receiving excellent feedback from both our customers and the market about the strategic direction of the Group and about our expanded portfolio for providing companies with integrated across-the-board support for their transformation. This perception is confirmed by the number of people who visited our Mittelstandsforum 2019 for which the demand from 1,200 existing and potential customers was stronger than ever before. We expect the reluctance to invest in new implementation projects to decrease over the coming quarters. In order to remain competitive, companies will continue to digitalise processes and business models. Our solutions on platforms such as SAP S4/HANA or Microsoft's Azure will take on a key role.«

All for One Group AG will be publishing its full quarterly statement for the 3-month period 2019/20 as scheduled on 7 February 2020.

About All for One Group AG
All for One Group AG (ISIN DE0005110001) enhances the competitive ability of its customers in a digital world. The Group unites strategic and management consulting, process consulting, industry insight and technology expertise, IT consulting and services under one roof. With market leading business software solutions based on SAP, Microsoft and IBM together with more than 1,850 experts, All for One Group AG orchestrates all aspects of competitive strength: intelligent Enterprise Resource Planning (ERP) as the digital core of any future-proof corporate IT, strategy, business model, customer & employee experience, new work, big data & analytics, but also IoT, artificial intelligence or cybersecurity & compliance. All for One Group AG is assisting more than 2,500 clients with their transformation and the expansion of their ability to compete. Market observers rank the leading consulting and IT group as the number 1 in the German-speaking SAP market. As a founding member of United VARs - the most powerful global alliance of SAP Partners - All for One Group AG also provides a comprehensive portfolio of consulting and other services, together with best-in-class local support in more than 100 countries. All for One Group AG is listed in the Prime Standard on the Frankfurt Stock Exchange and achieved sales of approx. EUR 360 million in the financial year 2018/19.


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All for One Group AG, Dirk Sonntag, Head of Corporate & Investor Relations, Tel. 0049 (0)711 78807-260, E-Mail [email protected]

05.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: All for One Group AG
Rita-Maiburg-Straße 40
70794 Filderstadt-Bernhausen
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: [email protected]
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 969099

End of News DGAP News Service

969099  05.02.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 266,28 300,52 332,36 359,22 355,39 372,94 445,00
EBITDA1,2 27,40 29,37 31,21 25,60 41,29 42,08 47,50
EBITDA-Marge3 10,29 9,77 9,39 7,13 11,62 11,28 10,67
EBIT1,4 18,85 20,06 20,58 12,60 19,29 20,63 25,55
EBIT-Marge5 7,08 6,68 6,19 3,51 5,43 5,53 5,74
Jahresüberschuss1 12,29 13,09 13,71 13,10 13,08 13,52 16,00
Netto-Marge6 4,62 4,36 4,13 3,65 3,68 3,63 3,60
Cashflow1,7 16,90 21,27 23,41 20,00 41,37 34,78 38,00
Ergebnis je Aktie8 2,46 2,63 2,82 2,05 2,55 2,68 3,25
Dividende8 1,10 1,20 1,20 1,20 1,20 1,45 1,45
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

All for One Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
511000 60,000 Kaufen 298,92
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,38 23,16 0,65 29,01
3,56 8,59 0,80 7,24
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
1,20 1,45 2,42 16.03.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
10.02.2022 12.05.2022 04.08.2022 15.12.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,43% -10,67% -16,67% -4,15%
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IT-Services , 511000 , A1OS , XETR:A1OS