News Column

DGAP-Adhoc: adesso AG increases sales and operating profit in the first half of 2014; second quarter weaker / earnings forecast maintained

August 11, 2014

adesso AG / Key word(s): Half Year Results 11.08.2014 18:13 Dissemination of an Ad hoc announcement according to 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- adesso AG increases sales and operating profit in the first half of 2014; second quarter weaker / earnings forecast maintained On the basis of preliminary figures for the first half of 2014 adesso had revenues of EUR 75 million and an EBITDA of EUR 3.3 million. Compared to the previous year, sales have increased by 15% purely organic and operating profit EBITDA by 13%. Second quarter of 2014 with a turnover of EUR 37 million and an EBITDA of EUR 0.6 million was significantly weaker than the first quarter. This was due to the lower number of working days, small license revenues as well as increased costs for some projects and investments in additional solutions for the insurance industry. The forecast for the full year 2014 with increased sales of EUR 144 to 148 million (previous year: EUR 135 million) and an increased EBITDA of EUR 8.5 to 9.0 million (previous year: EUR 7.8 million) is currently maintained for the EBITDA and raised to EUR 153 to 158 million in sales. The complete Half-year Report, including final figures, will be released on 28 August 2014 and be available via the Company's website at www.adesso-group.de. The Executive Board Contact: Martin MÖllmann Manager Investor Relations Tel.: +49 231 930-9330 E-Mail: ir@adesso.de11.08.2014 The DGAP 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: adesso AG Stockholmer Allee 24 44269 Dortmund Germany Phone: +49 (0) 231 930-9330 Fax: +49 (0) 231 930-9331 E-mail: ir@adesso.de Internet: www.adesso-group.de ISIN: DE000A0Z23Q5 WKN: A0Z23Q Listed: Regulierter Markt in Berlin, DÜsseldorf, Frankfurt (General Standard), Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: DGAP Ad Hoc Disclosures


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters