itelligence AG / Half Year Results
29.07.2009
Release of a Corporate News, 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 presents final figures for H1 2009
- Outsourcing & Services revenues up 25.3%
- Orders on hand unchanged year-on-year at MEUR 160.1
- Guidance for 2009 as a whole: revenue growth to MEUR 220-230, EBIT margin
of between 4.7%-5.2%
Bielefeld, July 29, 2009 - Despite the difficult market environment and the
global downturn in IT investment, itelligence AG recorded revenue growth of
4.1% in the first six months of the current financial year, from MEUR 101.8
to MEUR 106.0. At MEUR 160.1, orders on hand at the end of the second
quarter of 2009 remained essentially unchanged as against the high level of
MEUR 160.4 recorded in the previous year.
Herbert Vogel, CEO of itelligence AG: 'In this sustained difficult
environment, we are benefiting from our strong market position. Despite the
situation on the market, we have succeeded in increasing revenues while
implementing targeted measures to improve our cost structure for the
future. This means that, on the whole, the first half of the year was
satisfactory for itelligence AG and we are optimistic with regard to the
rest of the year.'
Within its revenue areas, itelligence AG increased revenues in the
Consulting division by +3.2% year-on-year to MEUR 59.7, while Outsourcing &
Services revenues rose by 25.3% to MEUR 36.9. Only revenues in the Licenses
division declined from the strong figure of MEUR 14.3 recorded in the
previous year to MEUR 9.4 (-34.5%).
In the individual segments, revenues in the first half of 2009 increased by
2.7% to MEUR 54.2 in Germany/Austria (H1 2008: MEUR 52.8) and by an
impressive 25.5% to MEUR 26.5 in the USA (H1 2008: MEUR 21.1). After the
first six months, revenues in Western Europe fell by -12.6% year-on-year to
MEUR 15.8 (H1 2008: MEUR 18.1), while revenues in Eastern Europe declined
by -2.4% to MEUR 7.8 (H1 2008: MEUR 8.0).
Earnings figures remain clearly positive
In the first half of 2009, EBIT totaled MEUR 3.8 after MEUR 5.9 in the same
period of the previous year. This figure includes non-recurring expenses of
around MEUR 1.3 in Eastern Europe and the USA. Accordingly, the EBIT margin
amounted to 3.6% compared with 5.8% in the first half of 2008. IFRS net
profit for the period totaled MEUR 2.4 after MEUR 4.3 in the previous year.
Earnings per share amounted to EUR 0.09 compared with EUR 0.18 in the first
half of 2008.
For 2009 as a whole, the Management Board is forecasting revenue growth to
MEUR 220-230 and an EBIT margin of between 4.7% and 5.2%.
Norbert Rotter, CFO of itelligence AG: 'We still expect to be able to
achieve growth and hence further expand our market share despite the
downturn in the market as a whole. Our main priority is to ensure strong
profitability. We expect to again propose the payment of a dividend for the
current financial year.'
A detailed presentation of the second quarter and the first six months of
2009 can be found in the Quarterly Report 2/2009, which is available at
www.itelligence.de.
itelligence is one of the leading international full-service providers of
IT solutions in support of SAP solutions, with about 1,450 highly qualified
employees in 17 countries and five regions (Asia, Americas, Western Europe,
Germany/Austria and Eastern Europe). As an SAP Business, Service and
Support Alliance as well as Global Partner Hosting and Global Partner
Services, itelligence realizes complex projects in the SAP environment for
more than 3,000 customers around the world. In 2006, itelligence was
awarded SAP Gold Partner status in Germany, followed by the USA in 2007.
With its comprehensive service portfolio - ranging from SAP strategy
consulting, licensing through to proprietary industry-specific SAP
solutions and outsourcing & services - itelligence generated total revenues
of MEUR 216.6 in 2008.
Katrin Schlegel
Tel: +49 (0) 521-91 448 106
Fax: +49 (0) 521-91 445 201
Katrin.Schlegel@itelligence.de
itelligence AG
Königsbreede 1
33605 Bielefeld
http://www.itelligence.de
DGAP 29.07.2009
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Language: English
Issuer: 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, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-News: itelligence AG presents final figures for H1 2009
| Source: EQS Group AG