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itelligence publishes detailed key figures in 2012 half-yearly report
- itelligence AG increases net profit for the period by 35.3% from MEUR 3.4 to MEUR 4.6
- Western Europe region delivers strongest revenue growth at +50.7%
- Revenue forecast increased to MEUR 400 to MEUR 420
With the publication of its half-yearly report, itelligence AG is confirming its positive performance in the first six months of 2012. In particular, the Western Europe segment posted extremely strong growth of 50.7% to MEUR 40.4 (previous year: MEUR 26.8) with a 25.4% increase in total revenues to MEUR 192.5 (previous year: MEUR 153.5), also benefiting from acquisitions in Denmark/Norway and the UK. The DACH segment (Germany/Austria/Switzerland) increased its revenues by 19.2% to MEUR 88.2 compared with MEUR 74.0 in the first half of the previous year. Eastern Europe also generated substantial revenue growth of 32.0% to MEUR 13.2 (previous year: MEUR 10.0), whilst the USA was the second-strongest segment, generating MEUR 45.5 compared with MEUR 39.5 (+15.2%), and the Asia segment contributed MEUR 3.2 to total revenues compared with MEUR 1.5 in the previous year (+129.6%).
Herbert Vogel, CEO of itelligence AG: "We have achieved strong organic revenue growth of 16.5%, with all of our regions contributing to this. And we have also benefited from the targeted acquisitions, which accounted for revenue growth of 8.9%. This shows that we have adopted the right strategic approach. I am sure that our success will continue to grow following our acquisitions in Turkey and the UK."
itelligence's revenue growth was accompanied by greater profitability: EBIT improved by 32.8% from MEUR 6.4 to MEUR 8.5 in the first six months of 2012, with the EBIT margin increasing from 4.2% to 4.4% as a result. EBIT was also impacted by non-recurring acquisition expenses of MEUR 0.4 in the first half of 2012 (previous year: MEUR 1.0). Accordingly, net profit for the period was up 35.3% from MEUR 3.4 to MEUR 4.6, while earnings per share improved from EUR 0.11 to EUR 0.15 (+36.4%).
Norbert Rotter, CFO of itelligence AG: "itelligence continues to outperform its competitors in terms of growth, and can significantly expand its market position. I am particularly pleased with the strong performance of our long-term maintenance, hosting and application management business (+41.9%), in which we have made targeted investment. This business reduces our dependence on economic fluctuations."
itelligence has raised its forecasts and now expects to generate revenues of between MEUR 400 and MEUR 420 for the year as a whole. The forecast EBIT margin remains unchanged at 6.2-6.4% (before acquisition costs).
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