DGAP-News: IT Competence Group SE: IT Competence Group SE announces results for the fiscal year 2011 and the change of listing segment to the Entry Standard of the Frankfurt Stock Exchange


DGAP-News: IT Competence Group SE / Key word(s): Final Results
IT Competence Group SE: IT Competence Group SE announces results for
the fiscal year 2011 and the change of listing segment to the Entry
Standard of the Frankfurt Stock Exchange

29.06.2012 / 18:06

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IT Competence Group SE announces results for the fiscal year 2011 and the
change of listing segment to the Entry Standard of the Frankfurt Stock
Exchange

Waalre, June 29, 2012 - IT Competence Group SE hereby announces its results
for the fiscal year 2012. In 2011 IT Competence Group SE changed its
accounting policy from IFRS to Dutch GAAP. The comparative figures 2011
have been adopted for this new accounting policy.

In the fiscal year 2011, the group generated total revenues of 13.9m euros
(2010: 8.6m euros). Operating income (EBIT) for the period amounted to
-1.9m euros (2010: 0.3m euros). The result after tax amounts to -2.1m euro
(2010: -0.2m euro). This figure was negatively affected in particular by
the restructuring costs in relation with the acquisition of net on AG in
2011.

 The individual balance sheet items have developed as follows:

The group's balance sheet total increased from 6.1m euros to 6.5m euros.
Current assets increased from 0.9m euros to 1.9m euros.

The group's equity was reduced from 1.6m euros to0.8m euros The group's
equity ratio as of December 31, 2011 amounts to 18.3%.

The company's management believes that IT Competence Group SE will generate
revenues above euro 16m a with an positive consolidated net income in the
year 2012.

The Annual Report will be published today in the Investor Relations section
of the company's website at www.it -competencegroup.de.

IT Competence Group SE announces today that the German Stock Exchange has
granted it the change of segment from the Open Market of the Frankfurt
Stock Exchange to the Entry Standard. The first trading day in Entry
Standard is June 30, 2012.

Given the restructuring of the Open Market, the management board of IT
Competence Group SE has decided to cater to an increased interest by
institutional investors' accounts and transfer it's listing to the Entry
Standard of the German Stock Exchange. Entry Standard is a section of
Frankfurt Stock Exchange's open market with higher standards than required
by law, which insures greater transparency.

Investor Relations:

IT Competence Group SE

Phone: +49 89 244118-414

Fax +49 89 244118-499

info@it-competencegroup.de

About IT Competence Group SE

The IT Competence Group SE acts as a holding company for fast growing IT
companies and sees itself as a provider of Consulting and Personnel
Services in the IT business. Within the concept of a buy & build strategy
the Holding focuses on the acquisition, development and administration of
the several companies. Regarding an efficient development, implementation
and utilisation of their IT environment, the IT Competence Group SE offers
its customers a variety of services and independent consulting.


End of Corporate News

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29.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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176088 29.06.2012