adesso AG increases operating earnings in the third quarter of 2016 to mark a new high of EUR 7.7 million / Raise in guidance for financial year 2016
In the third quarter of 2016, adesso achieved an EBITDA of EUR 7.7 million (previous year: EUR 5.4 million) with sales of EUR 69.6 million and thus reached new quarterly record levels. Sales revenues increased by 31 % and EBITDA by 41% compared to the third quarter of the previous year. Excluding acquisitions-related growth, sales growth was 21% and EBITDA was as well 21% higher as a result of employee growth, high capacity utilisation and good licensing revenues.
After the first nine months of 2016, revenues amounted to EUR 188.4 million (previous year: EUR 140.2 million, + 34%) and EBITDA was raised to EUR 16.6 million (previous year: EUR 9.6 million, + 73 %). The full-year guidance, already adjusted due to the smarthouse acquisition, with a sales target of EUR 231 to EUR 243 million and an EBITDA target of EUR 17.0 to EUR 19.5 million, will be raised regarding the positive development in the third quarter and the positive further prospects. Now sales revenues of EUR 252 to 262 million are expected for the full year 2016. In view of the promising prospects for further contracts in the field of adesso's product family inIsure for the insurance industry, the range of the EBITDA-guidance is being widened and raised to EUR 20 to 24 million.
An interim announcement with further figures for the third quarter and the first nine months of 2016 will be published tomorrow, on 1 December 2016.
Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: email@example.com
30.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Company: adesso AG
Stockholmer Allee 20
Phone: +49 231 7000-7000
Fax: +49 231 7000-1000
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart,
Tradegate Exchange; London
End of Announcement DGAP News-Service
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