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 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 29.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 176088 29.06.2012
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
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