DGAP-IRE: TDS Informationstechnologie AG: TDS AG posts positive consolidated net income and increased revenues after nine months

TDS Informationstechnologie AG  / Release of an announcement according to
Article 37x of the WpHG [the German Securities Trading Act] 

09.02.2012 11:49

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------


- Strong growth in the third quarter of fiscal 2011/2012
- Positive consolidated net income after nine months
- Healthy order intake underpins further growth

Neckarsulm, Germany, 9 February 2012. The third quarter of fiscal 2011/2012
(1 October to 31 December 2011) saw positive business development at the
TDS Group (ISIN DE0005085609). Revenues rose to EUR38,616 thousand
(equivalent period of previous year: EUR33,915 thousand). Earnings before
tax and interest (EBIT) improved from minus EUR652 thousand in the third
quarter of fiscal 2010/2011 to EUR3,008 thousand. Consolidated net income
was EUR2,275 thousand, up from minus EUR774 thousand in the equivalent
period of fiscal 2010/2011.

In the first nine months of fiscal 2011/2012 order intake was healthy and
sales increased. During this period (1 April to 31 December 2011), revenues
at TDS climbed 9.9 per cent to EUR107,940 thousand (31 December 2010:
EUR98,247 thousand). EBIT stood at EUR1,213 thousand (EUR688 thousand in
the third quarter of fiscal 2010/2011), and EBIT margin was up from 0.7 per
cent on 31 December 2010 to 1.1 per cent. TDS posted consolidated post-tax
income of EUR69 thousand (minus EUR894 thousand for the same period of the
previous year).
 
TDS skills attract both public and private sector customers
In the third quarter, TDS won many new customers and built on existing
relationships. Kirchhoff Automotive and Spanish meat processing company
Campofrio chose to partner with the IT Outsourcing business unit. TDS will
operate SAP systems for both customers. HR Services & Solutions will manage
payroll accounting and HR applications for recruitment agency Sodexo for
the next six years. IT Consulting also won new contracts, including an SAP
project with the Bavarian Office of Financial Affairs, and a range of SAP
consulting and implementation assignments for existing customer Fixit.

Order intake and backlog
At the close of the third quarter of fiscal 2011/2012, order backlog
totalled EUR299,969 thousand, down a shade from EUR301,326 thousand on 30
September 2011. On 31 December 2010, order backlog stood at EUR243,850
thousand. Order intake fell to EUR37,259 thousand, from EUR57,985 thousand
in the second quarter of the current fiscal, and from EUR66,198 thousand in
the third quarter of 2010/2011.

Breakdown by segment
Revenues for IT Outsourcing rose by 17.7 per cent in the first nine months
of fiscal 2011/2012 to EUR56,092 thousand (equivalent period of previous
year: EUR47,641 thousand). The HR Services & Solutions segment posted
revenues of EUR41,064 thousand on 31 December 2011, almost equal to the
figure for the same period of the previous fiscal (EUR40,767 thousand).
Revenues for IT Consulting climbed 9.6 per cent to EUR10,784 thousand
(EUR9,839 thousand for equivalent period of previous year).

Further key metrics
TDS posted total balance-sheet assets of EUR113,558 thousand on 31 December
2011 (31 March 2011: EUR123,260 thousand). The equity-to-total-assets ratio
stood at 53.3 per cent (31 March 2011: 49.2 per cent). Cash flows from
operating activities totalled EUR9,751 thousand for nine months (EUR9,083
thousand on 31 December 2010). Earnings per share rose to EUR0.00, in
comparison with minus EUR0.03 in the previous fiscal. On 31 December 2011,
headcount at TDS was 1,367 (31 March 2011: 1,297). In 2012, the company
plans to hire additional staff to meet demand.

Key aspects of accounting and reporting
Due to the proposed sale of TDS MultiVision AG, in Regensdorf, Switzerland,
this company has been classified as a discontinued operation since the
close of fiscal 2009/2010. This was taken into account when preparing
financial statements for the first three quarters of fiscal 2011/2012.

Operating earnings for the third quarter of fiscal 2011/2012 include
amounts that offset the expenses incurred in the second quarter (and
reported in line with IFRS) attributable to the cancellation of an existing
contractual relationship.

Executive Board guidance
The Executive Board confirms the guidance published in the second quarter
of fiscal 2011/2012. TDS forecasts revenues of approximately EUR140 million
for the current fiscal 2011/2012, and an EBIT margin just within positive
territory.



09.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      TDS Informationstechnologie AG
              Konrad-Zuse-Straße 16
              74172 Neckarsulm
              Germany
Internet:     www.tds.fujitsu.com
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------