DGAP-Adhoc: itelligence AG publishes figures for first quarter of 2011

itelligence AG  / Key word(s): Quarter Results

20.04.2011 07:35

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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itelligence AG publishes figures for first quarter of 2011 

Revenues up 33.3% from MEUR 56.2 to MEUR 74.9
EBIT rises to MEUR 3.5 after MEUR 1.4 in previous quarter 
Orders on hand increase by 31.8% year-on-year to MEUR 231.6

Bielefeld, April 20, 2011 - itelligence AG recorded significant
year-on-year revenue and earnings growth in the first quarter of 2011.
Revenues increased by 33.3%, from MEUR 56.2 to MEUR 74.9. Orders on hand
rose by MEUR 55.9 to MEUR 231.6 at the end of the quarter compared with the
same period of the previous year (MEUR 175.7). At year-end 2010, orders on
hand amounted to around MEUR 200.
 
The growth in the first quarter was reflected in all areas of itelligence
AG. Consulting revenues increased by 32.5%, from MEUR 32.3 in the previous
year to MEUR 42.8. The Licenses division saw revenue growth of around
50.0%, from MEUR 3.8 to MEUR 5.7, while revenues in the Outsourcing &
Services division rose by 30.8%, from MEUR 20.1 to MEUR 26.3 in the first
quarter of the current financial year.

EBIT (earnings before interest and taxes) also enjoyed extremely strong
performance, recording above-average growth of around 150% year-on-year
from MEUR 1.4 to MEUR 3.5. Accordingly, itelligence improved its EBIT
margin to 4.7% after 2.5% in the same period of the previous year.

This extremely good development in the first part of the year serves to
confirm the Management Board's forecasts for fiscal year 2011. itelligence
expects to generate total revenues of MEUR 300-310 in the current fiscal
year, with the EBIT margin rising to 6.0-6.2%.

Further details will be published together with the Quarterly Report 1/2011
on April 28, 2011.


20.04.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
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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, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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