msg life publishes its 2015 semi-annual report

(PresseBox) ( Leinfelden-Echterdingen, )
msg life ag (ISIN DE0005130108) published its financial report for the first half year of 2015 today: according to the report, both the turnover of 52.2 million euros (30 June 2014: 50.8 million euros) and earnings before interest, taxes, depreciation and amortisation (EBITDA) of 2.9 million euros (30 June 2014: 8.1 million euros) were on target as at the balance sheet date. The decrease in earnings compared to the same period in the previous year is the result of non-recurring effects from the disposal of the Banking segment which were recognised on the balance sheet in the first quarter of 2014 and had a considerable effect on earnings in the six-month period concerned.

All in all, msg life generated consolidated earnings of 1.2 million euros in the first six months of 2015 (30 June 2014: 5 million euros) and thus earnings per share of 0.03 euros (30 June 2014: 0.12 euros). The cash flow from operating activities was 1.5 million euros, which shows that the Group is operating profitably. Equity as at 30 June 2015 totalled 42.5 million euros, which represents an increase of 2.2 million euros in comparison with the balance sheet date in 2014. The equity ratio was 56.2 per cent as at 30 June 2015. At the end of the first half of 2015, msg life employed a total of 859 members of staff (883 employees as at 30 June 2014).

The first six months of the year were characterised by consistently stable business with existing customers, untempered demand for the migration expertise of msg life, and the acquisition of various new customers for the standard software products msg.Office, msg.RAN, msg.Zulagenverwaltung and msg.Tax Connect. msg life expects these developments to continue in the second half of the year. In the 2015 financial year, the msg life Group expects turnover of around 105 million euros and earnings before interest, taxes, depreciation and amortisation (EBITDA) of 8.0 million euros.
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