itelligence AG presents key figures for Q1 2013

(PresseBox) ( Bielefeld, )
- Revenues up 14.1% from MEUR 94.1 to MEUR 107.4
- Significant revenue growth of +28.1% in Licenses and +25,0% in Outsourcing & Services
- EBIT of MEUR 2.1 after MEUR 3.8 in previous year
- Full-year revenue and earnings forecasts confirmed

itelligence AG has made a good start to the new fiscal year, recording further year-on-year revenue growth in all areas in the first quarter of 2013. Total revenues increased by 14.1%, from MEUR 94.1 to MEUR 107.4. Orders on hand increased by MEUR 25.9 to MEUR 300.2 at the end of the first quarter of 2013 after MEUR 274.3 one year previously, thereby outstripping the figure of MEUR 286.6 recorded at the end of 2012.

The growth in the first quarter was reflected in all areas of itelligence AG. Consulting revenues increased by 5.9%, from MEUR 52.3 in the first half of the previous year to MEUR 55.4, while Licenses revenues rose significantly by 28.1% to MEUR 7.3 after MEUR 5.7 in the previous year. Outsourcing & Services enjoyed strong growth of 25.0% in the first half of 2013, with revenues increasing from MEUR 26.8 in the previous year to MEUR 33.5. Meanwhile, revenues in the area of Application Management increased substantially by 22.2% to MEUR 11.0 (previous year: MEUR 9.0).

Earnings before interest, taxes and amortization (EBITA) amounted to MEUR 2.8 after MEUR 3.9 in the first quarter of 2012. This corresponds to an EBITA margin of 2.6% after 4.1% in the same period of the previous year. Earnings before interest and taxes (EBIT) amounted to MEUR 2.1 after MEUR 3.8 in the first quarter of 2012. The EBIT margin amounted to 2.0% compared with 4.0% in the same period of the previous year. Meaning that EBIT was around MEUR 2 lower than forecast. Business performance varied considerably from country to country.

Based on the efficiency programs that have been initiated, the Management Board is reiterating the forecasts for 2013 that were made at the start of 2013, with revenues of between MEUR 450 and MEUR 470 and an above-average improvement in earnings. The aim is an EBIT margin of more than 6%.

Further figures and details can be found in the Quarterly Report 1/2013, which will be published on April 24, 2013.
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