Management Board Gives Positive Outlook for FY 2023/2024
March 14, 2024 at 06:07 am EDT
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EQS-News: DATAGROUP SE
/ Key word(s): Forecast
Management Board Gives Positive Outlook for FY 2023/2024
14.03.2024 / 11:05 CET/CEST
The issuer is solely responsible for the content of this announcement.
Pliezhausen, March 14, 2024: At today's Annual General Meeting of DATAGROUP SE (WKN A0JC8S), the Management Board announces the forecast for the current fiscal year (October 1, 2023 - September 30, 2024).
The DATAGROUP Management Board expects revenue growth to EUR 510-530m (previous year: EUR 497.8m), which already takes into account the effects from organic growth, revenue reduction from legacy contracts, and inorganic growth from M&A.
DATAGROUP has made a very good sales start into the current fiscal year, in which new CORBOX customer orders with a future annual revenue volume of EUR 18.5m have already been achieved. As, in line with the business model, these will only have an impact on revenue after a start-up phase of around 9 months from the end of the current fiscal year 2023/2024 and the majority in the coming fiscal year 2024/2025, this guidance only reflects part of the revenue from the new contracts won this year. In addition, transformation sales from old contracts amounting to around EUR 20m will be reduced as planned in the current fiscal year (previous year: EUR 38m). These stem from low-margin legacy contracts from previous acquisitions, for example, and will be more than offset by organic growth from new business.
EBITDA is expected to be in the range of EUR 77-81m (previous year: EUR 80.2m) and EBIT in the range of EUR 43-46m (previous year: EUR 45.3m). This includes investments in the three future topics of artificial intelligence, cyber security, and cloud technologies, which are growth drivers and will amount to around EUR 6m for the year as a whole and have a significant impact on earnings.
"With our investments, we are focusing on precisely those topics which, according to the forecasts of major market research institutes, are the future growth areas of the IT services market. IDC Trends predicts that 75 % of total IT spending will flow into new technologies such as cloud, AI, and security", says DATAGROUP CEO Andreas Baresel. "Our strong CORBOX core business gives us further tailwind and makes us very optimistic about the future."
Contact
Anke Banaschewski
Investor Relations anke.banaschewski@datagroup.de
+49 711 49005 0 180
14.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
DATAGROUP SE
Wilhelm-Schickard-Str. 7
72124 Pliezhausen
Germany
Phone:
+49 (0)7127 970 000
Fax:
+49 (0)7127 970 033
Internet:
www.datagroup.de
ISIN:
DE000A0JC8S7
WKN:
A0JC8S
Indices:
Scale 30
Listed:
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange; London
Datagroup SE is Germany-based information technology (IT) service provider. Its service and product portfolio includes IT Consultation, which includes IT landscape transformation and IT landscape consulting; System Integration, such as mobile solutions, software development and interactive voice response language portals; Systems, Applications and Product (SAP) solutions, including SAP application lifecycle management, SAP business solutions, SAP Hana and SAP landscape transformation, as well as training and workshops. The Company offers CORBOX, a modul-based solution for IT outsourcing, including data center services, network services, end user services, application management services, SAP services, printing services, communication and collaboration services, big data services, service desk, security services, monitoring services, robotic process automation and continuity services.