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COR&FJA announces target figures for the 2012 financial year

Company plans to increase turnover to EUR 145.0 million / EBITDA target of EUR 9.0 million

(PresseBox) (Leinfelden-Echterdingen, ) COR&FJA AG, Leinfelden-Echterdingen, expects its turnover to increase to EUR 145.0 million in the current financial year 2012. Compared to the turnover forecast for 2011 (EUR 135.0 million), this would mean an increase of rather more than seven per cent, reflecting the successful trend in incoming orders over the past few months and COR&FJA's stable market environment. The operating result before amortisation and depreciation (EBITDA) has been budgeted at EUR 9.0 million for 2012. The company is generally expecting its target markets to develop positively and therefore anticipates a positive trend in turnover and earnings over the next few years.

About msg life ag

The COR&FJA Group is one of the leading software and consulting companies for the European financial services industry, focusing on insurance companies, banks and providers of company pension funds. Its service spectrum ranges from standard software and the provision of consultancy services to the assumption of IT operations (application service providing). The COR&FJA Group, which has its head office in Leinfelden-Echterdingen and offices in Munich, Aachen, Düsseldorf, Frankfurt, Hamburg, Kiel, Cologne and St. Georgen, as well as subsidiaries in the Netherlands, Denmark, Austria, Switzerland, Slovakia, Slovenia, Poland, the Czech Republic, Portugal, Spain and the USA, currently employs around 1,150 staff.

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