DGAP-News: msg life ag / Key word(s): Half Year Results
msg life ag: msg life publishes its report for the first half-year
17.08.2016 / 09:18
The issuer is solely responsible for the content of this announcement.
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msg life publishes its report for the first half-year
(Leinfelden-Echterdingen, 17 August 2016) - msg life ag (ISIN DE0005130108)
published its consolidated financial report for the first half-year of 2016
today. According to the report, both the aggregate turnover of 57.1 million
euros (30 June 2015: 52.2 million euros) and earnings before interest,
taxes, depreciation and amortisation (EBITDA) of 2.8 million euros (30 June
2015: 2.9 million euros) were on target for the year as at 30 June 2016.
EBITDA comprises expenses of 0.8 million euros from the reported settlement
in connection with the former stake in B+S Banksysteme Aktiengesellschaft.
With consideration for factors such as tax expenditure of 1.8 million
euros, as at 30 June 2016 msg life generated net income of 0.1 million
euros for the period (30 June 2015: 1.2 million euros) and therefore break-
even earnings per share (30 June 2015: 0.03 euros). The positive cash flows
from operating activities totalled 0.8 million euros (30 June 2015: 1.5
million euros).
Equity as at 30 June 2016 totalled 46.2 million euros, remaining at almost
the same level as at 31 December 2015. The equity ratio was 54.3 per cent
as at 30 June 2016 (31 December 2015: 56.8 per cent). At the end of the
first half of 2016, msg life employed a total of 882 members of staff (30
June 2015: 859 employees).
In addition to several new contracts, msg life registered further stable
business with existing customers in the reporting period, a fact which
attests to their level of confidence in the company. In light of the
generally promising sales pipeline, the company expects further sales
successes in the second half of the year.
In the 2016 financial year, msg life expects earnings before interest,
taxes, depreciation of property, plant and equipment and amortisation of
intangible assets (EBITDA) of between 10.0 and 12.0 million euros and
aggregate turnover of between 110.0 and 112.0 million euros.
About msg life
As part of the independent, internationally active msg Group, msg life ag
and its Group companies are among the leading software and consulting
companies for the European insurance sector and concentrate primarily on
life insurance companies and pension fund institutions. Their products and
services range from standard software through consulting services to the
assumption of responsibility for IT operations (cloud solutions).
The msg life Group has its head office in Leinfelden-Echterdingen and
offices in Munich, Aachen, Düsseldorf, Hamburg and Cologne, plus
subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia,
Poland, Portugal and the USA. It currently employs a workforce of around
900.
Contact
msg life ag
Corporate Communications
Frank Fahrner
Humboldtstrasse 35
70771 Leinfelden-Echterdingen
Tel.: +49 (0)711 94958-0
Email: presse@msg-life.com
Internet: www.msg-life.com
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17.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: msg life ag
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations@msg-life.com
Internet: www.msg-life.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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493433 17.08.2016
DGAP-News: msg life ag: msg life publishes its report for the first half-year
| Source: EQS Group AG