itelligence AG
itelligence AG publishes detailed key figures for Q1 2013
itelligence AG / Key word(s): Quarter Results 24.04.2013 / 08:55 --------------------------------------------------------------------- itelligence AG publishes detailed key figures for Q1 2013 Revenues up 14.1% to MEUR 107.4 itelligence records revenues growth of 36.8% in Eastern Europe Efficiency program to improve earnings initiated Bielefeld, April 24, 2013 - With the publication of its first quarterly report for 2013, itelligence AG is confirming its positive revenues performance in the early part of the current fiscal year. The 14.1% increase in total revenues to MEUR 107.4 (previous year: MEUR 94.1) is due in particular to the performance of all segments other than the core DACH region (Germany/Austria/Switzerland) and serves to underline the strength of itelligence AG's international positioning. Orders on hand increased by 9.4% to total MEUR 300.2 at March 31, 2013 (previous year: MEUR 274.3). itelligence enjoyed particularly strong growth in Eastern Europe, with revenues rising by 36.8%, from MEUR 6.8 to MEUR 9.3. The largest revenues contribution was provided by the DACH region, which saw growth of 4.7% to MEUR 45.0 after MEUR 43.0 in the previous year. The USA was the second strongest geographical segment in terms of revenues, generating MEUR 25.4 after MEUR 21.3 in the previous year (+19.2%). Western Europe also made a significant contribution to the Company's revenues growth, with segment revenues improving by 21.4% year-on-year, from MEUR 20.6 to MEUR 25.0. Finally, the Asia segment recorded revenues growth of 42.9% to MEUR 2.0 (previous year: MEUR 1.4). Herbert Vogel, CEO of itelligence AG: 'Fiscal 2013 did not start as planned. Although itelligence recorded revenues growth across all segments and divisions, we failed to meet our own expectations in terms of EBIT profitability. Our aim is to reach the target level in our Consulting business in particular. We are concentrating our efforts on achieving a significant improvement in profitability.' In the first three months of 2013, earnings before interest and taxes (EBIT) decreased from MEUR 3.8 to MEUR 2.1, while the EBIT margin amounted to 2.0% after 4.0% in the same period of the previous year. This development is primarily attributable to the lower level of consultant utilization in Germany and the USA. itelligence AG therefore reported a consolidated net profit (profit after taxes) of MEUR 1.2 in the first quarter after MEUR 2.4 in the same period of the previous year. Earnings per share amounted to EUR 0.02 compared with EUR 0.08 in the previous year. Norbert Rotter, CFO of itelligence AG: 'The start to the current fiscal year failed to meet our expectations. This is why we have launched efficiency programs aimed at significantly improving our earnings situation over the course of the year. Our target for 2013 remains to generate revenues of between MEUR 450-470 and above-average earnings growth, thereby allowing us to achieve an EBIT margin in excess of 6%.' A detailed presentation of the first quarter of 2013 can be found in the Interim Report 1/2013 on the Company's website at www.itelligence.ag. itelligence is one of the leading international full-service providers of solutions in support of SAP solutions, employing more than 2,800 highly qualified employees in 21 countries and in five regions (USA, Asia, Western Europe, Eastern Europe and Germany/Austria/Switzerland). As a frequently awarded SAP partner, among others global value-added reseller, SAP Certified in Cloud Services and SAP Gold Partner Business ByDesign, itelligence realizes complex projects in the SAP solution-based environment for over 5,000 customers worldwide. In 2006, itelligence obtained gold-level status as an SAP channel partner as part of the SAP PartnerEdge program in Germany, and in the U.S. in 2007. The company's services in support of SAP solutions range from Consulting and Licensing to Application Management and Outsourcing & Services to proprietary industry-specific SAP. In 2012, itelligence generated total sales of MEUR 407.1. itelligence is 'Top Consultant' 2012. End of Corporate News --------------------------------------------------------------------- 24.04.2013 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 --------------------------------------------------------------------- Language: English Company: itelligence AG Königsbreede 1 33605 Bielefeld Germany 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, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 208286 24.04.2013
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