itelligence AG / Final Results
19.03.2009
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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itelligence achieves best results in its history
- Revenue growth of 13.5% to MEUR 216.6
- EBIT rises 18.3% to MEUR 13.6
- Earnings per share improve by 22.2% to EUR 0.44
- Orders on hand up 12.1% to MEUR 168.5
- First-ever dividend for 2008
Bielefeld, March 19, 2009 - In fiscal year 2008, itelligence again improved
on the record revenues and earnings it achieved in the previous year. With
the presentation of its final figures for fiscal year 2008, itelligence
generated revenue growth of 13.5% to MEUR 216.6 after MEUR 190.9 in the
previous year, thereby exceeding its own forecasts.
Herbert Vogel, CEO of itelligence AG: 'We are delighted to have been able
to improve further on the best-ever performance we recorded in 2007. In
light of the significant economic downturn towards the end of the year,
this is a great success to which all of itelligence's segments and
divisions have contributed.'
The Licenses division developed particularly well, generating revenue
growth of 30.8% to MEUR 31.1 in fiscal year 2008 (previous year: MEUR
23.8). In absolute terms, the highest growth was achieved in the Consulting
division, where revenues increased by 9.2% from MEUR 113.1 in 2007 to MEUR
123.5 in the year 2008. Outsourcing & Services also improved its revenues
significantly by 14.9%, from MEUR 53.6 to MEUR 61.6.
Development was also positive across all of itelligence AG's regional
segments, with Germany/Austria enjoying the strongest revenue growth of
18.6% to MEUR 114.3 (previous year: MEUR 96.3). Accordingly, this segment
accounted for 52.8% of itelligence AG's total revenues (previous year:
50.4%). The USA segment increased its revenues on a euro basis by 2.0% to
MEUR 46.6 (previous year: MEUR 45.7), while revenues in Western Europe
improved by 8.7% to MEUR 34.3 (previous year: MEUR 31.6) and Eastern Europe
recorded growth of 28.4% to MEUR 18.1 (previous year: MEUR 14.1).
Above-average earnings growth
itelligence's key earnings indicators also confirm the company's excellent
performance in fiscal year 2008. IFRS earnings outstripped the growth in
revenues, rising by 33.3% to MEUR 10.8 (previous year: MEUR 8.1). This
resulted in earnings per share of EUR 0.44, up 22.2% on the prior-year
figure of EUR 0.36. Operating earnings (EBIT) improved by 18.3% to MEUR
13.6 in fiscal year 2008 (previous year: MEUR 11.5), while the EBIT margin
increased from 6.0% in 2007 to 6.3% in 2008.
In light of these strong results and the extremely encouraging performance
of the company as a whole, the Management Board and Supervisory Board will
propose to the Annual General Meeting the distribution of a first-ever
dividend of EUR 0.12 for fiscal year 2008.
Outlook for 2009
With further growth in orders on hand of 12.1% to MEUR 168.5 as of December
31, 2008 (previous year: MEUR 150.3), itelligence AG believes that it is
well positioned for the current fiscal year 2009. However, due to the
significant uncertainty affecting the global economy and the company's
market environment, the Management Board is not currently issuing any
forecasts for business development in 2009.
Norbert Rotter, CFO of itelligence AG: 'We expect our broad market
positioning and financial independence to allow us to outperform the market
in the current fiscal year. We still have a high level of orders on hand.
However, there are a number of developments within the industry and among
our customers whose impact cannot be fully ascertained at present.'
A detailed presentation of fiscal year 2008 can be found in the Annual
Report on the company's website at www.itelligence.de.
itelligence is one of the leading international full-service providers of
IT solutions in support of SAP solutions, with more than 1,430 highly
qualified employees in 17 countries and five regions (Asia, Americas,
Western Europe, Germany/Austria and Eastern Europe). As an SAP Business,
Service and Support Alliance as well as Global Partner Hosting and Global
Partner Services, itelligence realizes complex projects in the SAP
environment for more than 3,000 customers around the world. In 2006,
itelligence was awarded SAP Gold Partner status in Germany, followed by the
USA in 2007. With its comprehensive service portfolio - ranging from SAP
strategy consulting, licensing through to proprietary industry-specific SAP
solutions and outsourcing & services - itelligence generated total revenues
of MEUR 216.6 in 2008.
Katrin Schlegel
Phone: +49 (0) 521-91 448 106
Fax: +49 (0) 521-91 445 201
Katrin.Schlegel@itelligence.de
itelligence AG
Königsbreede 1
33605 Bielefeld
http://www.itelligence.de
DGAP 19.03.2009
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Language: English
Issuer: itelligence AG
Königsbreede 1
33605 Bielefeld
Deutschland
Phone: +49 (0)521 91448-106
Fax: +49 (0)521 91445-201
E-mail: katrin.schlegel@itelligence.de
Internet: www.itelligence.de
ISIN: DE0007300402
WKN: 730 040
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-News: itelligence achieves best results in its history
| Source: EQS Group AG