itelligence AG publishes key figures for fiscal year 2018 (FOTO)

Bielefeld (ots) -

- As forecast, revenues increase by 6.2% to MEUR 926.6 in 2018
(after adjustment for currency translation effects: 8.8%)
- Growth rate of 39.7% in the Cloud Subscription segment
- EBITA of MEUR 31.0 after MEUR 44.1 in 2017
- Forecast for 2019: BEUR 1 mark in sight - revenue growth to
between BEUR 1,000 and BEUR 1,010 with EBITA margin of around 5%

itelligence AG remained on course for growth in 2018 as a whole.
itelligence generated revenue growth of 6.2% (after adjustment for
currency translation effects: +8.8%) to MEUR 926.6 compared with MEUR
872.2 in the previous year, and was within the forecast revenue
corridor of MEUR 920 to MEUR 930. This revenue performance was
attributable to both organic growth (+2.4%, after adjustment for
currency translation effects: +4.9%) and newly acquired companies
(+3.8%, after adjustment for currency translation effects: +3.9%).
Earnings before interest, taxes and amortization (EBITA) for the year
as a whole amounted to MEUR 31.0 after MEUR 44.1 in the previous
year. Orders on hand at itelligence AG totaled MEUR 982.1 as of
December 31, 2018, up 5.9% on the previous year's figure of MEUR
927.8 as of December 31, 2017.

Norbert Rotter, CEO of itelligence AG: "We remained on course for
growth in the past fiscal year, even though organic growth fell short
of expectations. In the fourth quarter, organic growth in revenues
again came to around 10%. Cloud revenues continue to perform
particularly well."

In the individual revenue segments, consulting business reported
growth of 8.6%, from MEUR 358.2 to MEUR 389.1. The biggest percentage
increase in revenues was achieved by the Cloud Subscription segment,
with growth of 39.7% from MEUR 14.1 to MEUR 19.7. The largest
segment, Managed Services, also reported revenue growth of 5.7% from
MEUR 408.5 to MEUR 431.6. License revenues amounted to MEUR 81.6 in
fiscal 2018 after MEUR 87.9 in the previous year (-7.2%). In the
fourth quarter of 2018, license revenues totaled MEUR 35.7, up 4.1%
on the previous year's figure of MEUR 34.3.

In terms of geographical distribution, the largest segment, DACH,
reported revenue growth of 6.3%, from MEUR 417.9 to MEUR 444.1. The
Western Europe segment again enjoyed particularly strong growth of
13.9% to MEUR 131.7 after MEUR 115.6 in the previous year. Revenues
in the Northern and Eastern Europe (NEE) segment increased by 7.1%,
from MEUR 172.3 to MEUR 184.6. Revenues in the America segment
declined slightly by 2.3% to MEUR 141.9 after MEUR 145.2 in the
previous year. This segment also shows a clear upward trend, with
revenue growth of 6.6% to MEUR 40.3 reported in the fourth quarter of
2018. Revenues in the Asia segment rose significantly by 21.7% during
the fiscal year, from MEUR 14.3 to MEUR 17.4. The Other segment
remained on par with the previous year at MEUR 6.9.

itelligence AG's key earnings figures did not perform as expected,
with earnings before interest, taxes and amortization (EBITA) falling
by 29.7% to MEUR 31.0 after MEUR 44.1 in the previous year. This
brought the EBITA margin to 3.3% in the past fiscal year compared
with 5.1% in the same period of the previous year.

The Management Board is forecasting further growth in revenues
above the BEUR 1 mark for fiscal 2019. Revenues are set to increase
to between BEUR 1,000 and BEUR 1,010 in the current year. An EBITA
margin of around 5% is projected with further growth in earnings.

About itelligence

itelligence is one of the leading international full-service
providers of solutions in support of SAP solutions, employing about
8,000 highly qualified employees in 25 countries. As a frequently
awarded SAP partner, itelligence is an SAP Hybris Gold partner and
global value-added reseller. itelligence is an SAP-certified provider
of cloud services and an SAP platinum partner. itelligence realizes
complex projects in the SAP solution-based environment worldwide. The
company's services in support of SAP solutions range from consulting
and licensing to application management services and hosting services
to proprietary industry-specific solutions. In 2018, itelligence
generated total sales of EUR 926.6 million.

Contact:
Katrin Schlegel
Phone: +49 (0) 521-91 448 106
Fax: +49 (0) 521-91 445 201
Katrin.Schlegel@itelligence.de

Public Relations
Silvia Dicke
Phone: +49 (0) 521-91448 107
Fax: +49 (0) 521-91445 201
Silvia.Dicke@itelligence.de

itelligence AG
Königsbreede 1
33605 Bielefeld, Germany
http://www.itelligencegroup.com

Original-Content von: itelligence AG, übermittelt durch news aktuell