itelligence AG / Final Results
18.03.2010 09:31
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itelligence AG publishes final figures for 2009
- Revenues rise 1.6% to MEUR 220.0
- EBIT totals MEUR 12.3 after strong fourth quarter
- Dividend of EUR 0.10 per share planned
- Revenue and earnings growth forecast
Bielefeld, March 18, 2010 - itelligence AG met its revenue and EBIT
forecasts for fiscal year 2009. With the publication of its final figures,
itelligence reported revenue growth of 1.6% to MEUR 220.0 after MEUR 216.6
in the previous year. Among other things, this development was driven by
the acquisition of 2B Interactive, Eindhoven, in the fourth quarter of
2009.
Herbert Vogel, CEO of itelligence AG: '2009 was a challenging year for
itelligence AG and the industry as a whole. In light of this, we are
satisfied with our results, which were helped by the cost reduction
measures that we initiated at a very early stage. In the fourth quarter in
particular, we were able to recover some of the lost ground thanks to high
revenues and an increase in incoming orders.'
In the individual divisions, Outsourcing & Services enjoyed particularly
positive development, with revenue growth of +23.0% from MEUR 61.6 to MEUR
75.8. At MEUR 28.5, License revenues were down 8.4% on the record level of
2008 (MEUR 31.1), while Consulting revenues fell by -6.6% from MEUR 123.5
to MEUR 115.3.
A segment analysis shows encouraging development in the USA segment, with
strong revenue growth of +7.7% to MEUR 50.2 after MEUR 46.6 in 2008.
Western Europe continued the positive trend recorded in the previous year,
with revenues increasing by +7.1% from MEUR 34.3 to MEUR 36.7.
Germany/Austria, the segment of the itelligence Group with the highest
revenues, remained essentially unchanged at MEUR 113.8 after MEUR 114.3 in
the previous year ( 0.4%). In the Eastern Europe segment, revenues for the
past fiscal year declined by MEUR 2.2 ( 12.0%) year-on-year, from MEUR
18.1 to MEUR 15.9. After adjustment for currency translation effects,
however, revenues only fell by 1.3% or around MEUR 0.2 as against the
previous year.
Earnings boosted by strong fourth quarter
With regard to its earnings figures, itelligence AG exceeded its forecast
of an EBIT margin of between 4.7% and 5.2% thanks to a strong fourth
quarter. The EBIT margin for fiscal year 2009 was 5.6% (previous year:
6.3%), resulting in EBIT of MEUR 12.3 after MEUR 13.6 in the previous year.
The IFRS net profit amounted to MEUR 7.2 compared with MEUR 10.8 in 2008.
Accordingly, earnings per share for fiscal year 2009 totaled EUR 0.28 after
EUR 0.44 in the previous year.
As the Company's earnings situation remains stable, the Management Board
and Supervisory Board will propose to the Annual General Meeting the
distribution of a dividend of EUR 0.10 per share for fiscal year 2009.
Outlook 2010
Norbert Rotter, CFO of itelligence AG: 'We expect the market environment to
remain challenging in the current fiscal year, with restrained investment
activity on the part of midmarket companies. All in all, however,
itelligence is confident that it can continue its solid development and
strong growth in fiscal year 2010.'
In light of current market forecasts and assuming a stable macroeconomic
environment, itelligence expects to generate revenues of MEUR 230-240 in
the current year, representing year-on-year growth of between 4.5% and
9.1%. The EBIT margin is forecast to remain essentially unchanged at
between 5.2% and 5.6%.
Detailed information on fiscal year 2009 can be found in the Annual Report,
which is available on the Company's website at www.itelligence.ag.
itelligence AG
itelligence is one of the leading international full-service providers of
solutions in support of SAP solutions, employing about 1,550 highly
qualified employees in 17 countries and in five regions (Americas, Asia,
Western Europe, Eastern Europe and Germany/Austria). As a frequently
awarded SAP partner itelligence realizes complex projects in the SAP
solution-based environment for over 3,000 customers worldwide. In 2006,
itelligence obtained gold-level status as an SAP channel partner as part of
the SAP PartnerEdge(TM) program in Germany, and in the U.S. in 2007. The
company's services in support of SAP solutions range from consulting and
licensing to outsourcing and services to proprietary industry-specific SAP
solutions. In 2009, itelligence generated total sales of EUR 220.0
million.
Investor Relations:
Katrin Schlegel
Tel: +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
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Language: English
Company: 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, München, Düsseldorf, Stuttgart, Hamburg
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DGAP-News: itelligence AG publishes final figures for 2009
| Source: EQS Group AG