Financial news
Please find our ad hoc- and press releases below:
itelligence AG presents figures for first half of 2010
- Total revenues up 12.5% to MEUR 119.3
- Strong growth of 17.6% in Outsourcing & Services
- EBIT totals MEUR 3.2 including acquisition costs of MEUR 0.6
- Orders on hand rise 22.7% to MEUR 196.5
- Revenue guidance for year as a whole increased
Bielefeld, July 22, 2010 – In the first six months of the current financial year, itelligence AG again increased its revenues from MEUR 106.0 to MEUR 119.3, a rise of 12.5%. Among other things, this development was driven by the acquisitions in the Netherlands, the USA and France in recent months. At MEUR 196.5, orders on hand at the end of the second quarter of 2010 were up on the high level of MEUR 160.1 recorded in the previous year.
Herbert Vogel, CEO of itelligence AG, commented: “itelligence is extremely well positioned and the current market environment continues to offer substantial growth opportunities. The development in orders on hand shows that we will generate significant growth in the second half of the year with a focus on improving our profitability.”
In its revenue areas, itelligence AG recorded particularly strong growth in the Consulting and Outsourcing & Services divisions. Consulting revenues increased by 11.4% year-on-year, from MEUR 59.7 to MEUR 66.5, while revenues in the Outsourcing & Services division rose by 17.6%, from MEUR 36.9 to MEUR 43.4. Only Licenses revenues saw a slight decline of 2.1%, from MEUR 9.4 to MEUR 9.2.
In the geographical segments, revenues in Germany/Austria increased by 1.8% in the first half of 2010, from MEUR 54.2 to MEUR 55.2. The USA saw significant revenue growth of 16.6%, from MEUR 26.5 in the previous year to MEUR 30.9 in the first six months of 2010. Revenues in Western Europe increased sharply by 45.6%, from MEUR 15.8 to MEUR 23.0, while the figure for Eastern Europe remained unchanged year-on-year at MEUR 7.8. The Asia segment, which is currently in the start-up phase, contributed MEUR 0.8 to Group revenues in the first half of 2010.
EBIT declined from MEUR 3.8 in the previous year to MEUR 3.2 in the first half of 2010. Among other things, this was due to non-recurring acquisition costs in the amount of MEUR 0.6. Profitability was also impacted in particular by additional expenses of MEUR 0.8 for fixed price projects in the Germany/Austria region. Accordingly, the EBIT margin amounted to 2.7% after 3.6% in the first half of 2009. IFRS net profit for the period totaled MEUR 1.5 in the first six months of the current financial year after MEUR 2.4 in the first half of 2009. Earnings per share therefore amounted to EUR 0.06 after EUR 0.09 in the previous year.
Norbert Rotter, CFO of itelligence AG: “The acquisitions we have conducted will be offset by significant legal and due diligence costs this year, but we expect them to have a positive effect on revenues and earnings in the coming financial year.”
The Board of Management expects business to continue to pick up in the second half of the year. Due to its foreign acquisitions, itelligence is increasing its revenue guidance to between MEUR 245.0 and MEUR 255.0 (previously MEUR 230.0-240.0) and is reiterating its forecast EBIT margin of between 5.2% and 5.6%.
22.07.2010
itelligence AG presents figures for first half of 2010
In the first six months of the current financial year, itelligence AG again increased its revenues from MEUR 106.0 to MEUR 119.3, a rise of 12.5%. Among other things, this development was driven by the acquisitions in the Netherlands, the USA and France in recent months. At MEUR 196.5, orders on hand at the end of the second quarter of 2010 were up on the high level of MEUR 160.1 recorded in the previous year.
27.05.2010
itelligence AG: Annual General Meeting approves agenda items with large majority
At today’s Annual General Meeting of itelligence AG in Bielefeld, Herbert Vogel (CEO) and Norbert Rotter (CFO) reported on the past fiscal year, the company’s strategy and its outlook for 2010. The Supervisory Board and the Management Board also proposed to the Annual General Meeting a dividend of EUR 0.10 per share for the fiscal year 2009. The Annual General Meeting approved this and all other items on the agenda by a large majority.
29.04.2010
itelligence AG presents final figures for Q1 2010
itelligence AG has confirmed its successful start to fiscal year 2010 with the presentation of its final figures for the first quarter. Revenues increased by +4.1% to MEUR 56.2 compared with MEUR 54.0 in the extremely strong first quarter of the previous year. Orders on hand increased to MEUR 175.7, up significantly on the figures for the same period of the previous year (MEUR 166.2) and year-end 2009 (MEUR 162.8).
22.04.2010
itelligence AG presents preliminary figures for Q1 2010
itelligence AG opened the 2010 financial year as forecast, increasing its revenues by 4.1% year-on-year from MEUR 54.0 to MEUR 56.2 in the first quarter of 2010. Orders on hand rose by 5.7% to MEUR 175.7 at the end of the first quarter 2010 (previous year: MEUR 166.2). At the end of 2009, orders on hand amounted to MEUR 162.8.
18.03.2010
itelligence AG publishes final figures for 2009
itelligence AG met its revenue and EBIT forecasts for fiscal year 2009. With the publication of its final figures, itelligence reported revenue growth of 1.6% to MEUR 220.0 after MEUR 216.6 in the previous year. Among other things, this development was driven by the acquisition of 2B Interactive, Eindhoven, in the fourth quarter of 2009.
22.01.2010
itelligence publishes preliminary figures for FY 2009
According to its preliminary figures for the 2009 financial year, itelligence AG increased its revenues by 1.6% from MEUR 216.6 in the previous year to MEUR 220.0. Accordingly, revenues for 2009 were within the forecasted range of between MEUR 220 and 230. In the fourth quarter of 2009, revenues amounted to MEUR 61.7 compared with MEUR 62.5 in the same period of the previous year. Orders on hand increased over the course of 2009 to total MEUR 162.8 at December 31, 2009 (September 30, 2009: MEUR 156.5).
28.10.2009
itelligence AG presents final figures for first nine months of 2009
itelligence AG successfully held its ground in a persistently challenging market environment in the first nine months of 2009 and improved its revenues by 2.7% from MEUR 154.1 to MEUR 158.3. Orders on hand amounted to MEUR 156.5 as of September 30, 2009 and were therefore up on the previous year’s figure of MEUR 154.8.
22.10.2009
Ad hoc: itelligence AG presents preliminary figures for first nine months of 2009
itelligence AG has increased its revenues in the first nine months of 2009 by 2.7% from MEUR 154.1 to MEUR 158.3 in spite of the continuing challenging market environment. While revenues had been down year-on-year in the second quarter, they stabilized in the third quarter at exactly the previous year’s level of MEUR 52.3
09.10.2009
itelligence AG acquires Dutch 2B Interactive
As of October 1, 2009, itelligence AG, the successful full-service IT provider for the SAP environment, will acquire Dutch-based 2B Interactive with headquarters in Eindhoven. itelligence is initially acquiring a 60% stake and will eventually increase its holding to 100%. In the process, itelligence and 2B Interactive will complement each other in their market processing.
09.10.2009
itelligence AG acquires Dutch 2B Interactive
As of October 1, 2009, itelligence AG, the successful full-service IT provider for the SAP environment, will acquire Dutch-based 2B Interactive with headquarters in Eindhoven. itelligence is initially acquiring a 60% stake and will eventually increase its holding to 100%. In the process, itelligence and 2B Interactive will complement each other in their market processing.
09.10.2009
itelligence AG übernimmt niederländische 2B Interactive
Die itelligence AG, der erfolgreiche IT-Komplettdienstleister im SAP-Umfeld, übernimmt zum 1. Oktober 2009 die niederländische 2B Interactive B.V. mit Sitz in Eindhoven. itelligence übernimmt zunächst 60% der Anteile und wird diese auf 100% aufstocken. itelligence und 2B Interactive ergänzen sich in ihrer Marktbearbeitung.
29.07.2009
itelligence AG presents final figures for H1 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.
21.07.2009
Ad hoc: itelligence AG presents preliminary figures for H1 2009
Despite the extremely difficult market environment and the global downturn in IT investment, itelligence AG recorded revenue growth of 4.1% in the first half of the 2009 financial year, from MEUR 101.8 in the previous year to MEUR 106.0. Revenues in the second quarter of 2009 were down slightly on the previous year at MEUR 52.0 (previous year: MEUR 53.9). At the end of the second quarter, orders on hand were essentially unchanged year-on-year at MEUR 160.1 (previous year: MEUR 160.4).
27.05.2009
itelligence AG: Annual General Meeting passes all agenda items with large majority
At today’s Annual General Meeting of itelligence AG, Herbert Vogel (CEO) and Norbert Rotter (CFO) reported on the 2008 – the most successful fiscal year in the history of itelligence AG – which ended with the first ever distribution of a dividend of EUR 0.12 per share. The approximately 50 shareholders present approved this proposal, as they did all the other items on the agenda, by a large majority.
28.04.2009
itelligence AG presents final figures for Q1 2009
With its final figures for the first quarter, itelligence AG has confirmed its good start to the 2009 financial year as a whole. In the first three months of 2009, itelligence recorded revenue growth of +12.7% to MEUR 54.0 (previous year quarter: MEUR 47.9). Orders on hand also increased from MEUR 149.4 at the end of the corresponding prior-year period to MEUR 166.2, thereby almost reaching the high level recorded at year-end 2008 (MEUR 168.5).
23.04.2009
Ad hoc: itelligence AG presents preliminary figures for Q1 2009
itelligence AG has made a largely satisfactory start to the financial year 2009, recording revenue growth of 12.7% from MEUR 47.9 in the first quarter of the previous year to MEUR 54.0 in Q1 2009 despite the weak macroeconomic environment. Orders on hand increased by MEUR 16.8 year-on-year to MEUR 166.2 at the end of the first quarter 2009 (Q1 2008: MEUR 149.4), thereby approaching the high level recorded at year-end 2008 (MEUR 168.5).
19.03.2009
itelligence achieves best results in its history
In fiscal year 2008, itelligence again improved on the record revenues and earnings it achieved in the previous year. With the presentation of its final figures for fiscal year 2008, itelligence generated revenue growth of 13.5% to MEUR 216.6 after MEUR 190.9 in the previous year, thereby exceeding its own forecasts.
16.01.2009
itelligence AG publishes preliminary figures for fiscal year 2008
With the publication of its preliminary figures for 2008, itelligence AG looks back onto its most successful year ever. With revenues of MEUR 216 (previous year: MEUR 190.9), itelligence AG exceeded its forecast range of between MEUR 210 and MEUR 214, with a year-on-year improvement of 13.1%. In the fourth quarter of 2008, revenues amounted to MEUR 61.9 after MEUR 54.9 in the equivalent quarter of the previous year. itelligence thus generated a year-on-year improvement of 12.8% in the period.
