nextevolution AG / Final Results
18.04.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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+++ nextevolution AG closes Business Year 2007 with strong growth
+++ 83-percent increase of overall performance up to 27.2 million euro by
organic and anorganic growth
+++ EBITDA 1.95 million euro (previous year: 463 TEUR)
+++ Acquisitions strengthens market position as integrated IT-service
provider with the service focus on enterprise content management
Mainz / Hamburg, 18.04.2008: nextevolution AG (ISIN DE 000 A0J C0A 2) has
closed the expansion driven business year 2007. In the reporting period,
the company boosts its overall performance (sales including changes in
inventories and other own work capitalized) from 14.9 million euro up to
27.2 million euro. This 83-percent increase refers basically to the
acquisitions of BGS AG and CEO AG, the realisation of
cross-selling-potentials on group-level and organic growth.
The investment- and growth coined business year 2007 was affected by not
operating expenses in the amount of approximately 534 TEUR. These figures
include inter alia one nonrecurring effects from the segment change to the
prime standard in the amount of approximately 210 TEUR, accruals in the
amount of approximately 100 TEUR, severance payments in the amount of
approximately 134 TEUR and costs for the close-down of the Frankfurt
office, that was due to cost standpoints- put together with the Mainz
office of the acquired BGS AG, in the amount of approximately 90 TEUR.
On this account, the EBITDA is the more informative figure for the business
year 2007. The EBITDA increased from 463 TEUR by 1,485 TEUR to 1,948 TEUR.
Despite the extraordinary amortisation within impairment tests in the
amount of 184 TEUR and amortisation within the purchase price allocation of
the acquired assets of the overtaken companies in the amount of over 200
TEUR, nextevolution increased also the EBIT from -87 TEUR by 939 TEUR to
852 TEUR. The company generated a profit for the year of 275 TEUR (previous
year: -430 TEUR).
The profit for the year after minority interest amounts 28 TEUR and accords
to an earnings per share (diluted/undiluted) of 0.03 EUR as of 31.12.2007.
The IFRS reported taxes include by the majority deferred taxes.
'The positive development of the financial figures shows, that the chosen
strategic alignment enables a sustainable profitability. By the successful
acquisitions we could -on the one hand- expand our IT-service strectrum by
the segment of customer relationship management (CRM), on the other hand we
managed the market entry in the strived public sector. Moreover, the
acquisitions enabled nextevolution the expansion of its service focus
enterprise content management. The positive Trend of the present corporate
development leads to a leading market position. In the forthcoming year we
will improve this good market position again. Our target is to interlink
the existing service portfolio and to increase the efficiency on
goup-level. The linking-up of the existing service portfolio will enforce
the organic growth and strengthen nextevolutions IT-know-how in the market.
We backed up our expertise as an IT-service provider in the last business
year by winning high potential partnerships with worldwide leading
companies. Especially the closeness to SAP in terms of a Special Expertise
Partnership and the Premier Partnership with IBM strengthened the expertise
of nextevolution in the IT-market', said Peter Ohl, Chief executive officer
of nextevolution AG.
'The financial figures reflect the operational success again. The organic
and anorganic, 83-percent increase in sales shows nextevolutions dynamic
growth trend since the listing in march 2006. We could impressively
increase the EBITDA from 463 TEUR by 1,485 TEUR to 1,948 TEUR. This figure
corresponds close to the figure determined by a research company.
Amortisations within impairment tests in the amount of approximately 184
TEUR and amortisations within the purchase price allocation of the
acquisitions in the amount of over 200 TEUR affected the result. Moreover,
2007 was affected by nonrecurring, not operational costs in the amount of
534 TEUR, that are basically made up of the segment change to prime
standard, severance payments and other accruals. In the historical
comparison and under consideration of the nonrecurring costs, the EBIT
development is positive. The increase of the EBIT from -87 TEUR up to 852
TEUR shows a good corporate development.
Due to impairment tests, the purchase price allocation and the other
accruals, that came up within the preparation of the annual financial
statements, we could not reach the forecasted EBIT of 1.5 million euro. For
the operating business year 2008, we are optimistic to continue the growth
course of the company and to increase the profitability. The
full-year-consolidation effects of the acquisitions, the ongoing intensive
linking-up of the service portfolio and the discontinuation of a good
portion of the not operational costs afford a considerble sales- and
result improvement potential. After two investment-affected years, while
developing a perfect growth basis in the previous years, the result-focus
is in the front. We will use the convenient position of the group for a
sustainable increase in profitability', said Nils Manegold, chief financial
officer of nextevolution.
The annual report 2007 can be downloaded under www.nextevolution.de in the
section investor relations.
The Management Board
Contact:
nextevolution AG
Robert Koch-Straße 41
55129 Mainz
T: +49 6131 914 200
F: +49 6131 914 222
unternehmensinformation@nextevolution.de
www.nextevolution.de
DGAP 18.04.2008
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Language: English
Issuer: nextevolution AG
Robert-Koch-Straße 41
55129 Mainz
Deutschland
Phone: +49 (0)61 31 / 914 202
Fax: +49 (0)61 31 / 914 222
E-mail: unternehmensinformation@nextevolution.de
Internet: www.nextevolution.de
ISIN: DE000A0JC0A2
WKN: A0JC0A
End of News DGAP News-Service
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DGAP-News: nextevolution AG closes Business Year 2007 with strong growth
| Source: EQS Group AG