Revenue +3.7 %; EBITDA +2.4 %; EBIT +13.0 %; EPS +16.9 % compared to prior-year period
Pliezhausen, 21 February 2023. DATAGROUP SE (WKN A0JC8S) has again posted very good results for the first quarter of FY 2022/2023. As such, DATAGROUP once again confirms the success of the strategy to focus on long-term contracts with recurring revenue with its CORBOX service-as-a-product approach.
In the first quarter of the fiscal year (01.10. – 31.12.2022) revenue grew by 3.7 % from EUR 123.2m to EUR 127.7m. The increase in revenue was driven by an expansion of the customer base, by cross selling as well as by upselling among existing customers. Earnings before interest and taxes (EBIT) improved by 13.0 % to EUR 11.5m (PY EUR 10.2m), the EBIT margin increased significantly from 8.3 % to 9.0 % and thus meets the management’s mid-term ambition. The substantial increase confirms the adopted strategy to improve the CAPEX ratio (CAPEX vs. service revenue). Operating earnings before taxes, interest, depreciation and amortization (EBITDA) improved by 2.4 % to EUR 19.7m (PY EUR 19.2m). The EBITDA margin stood at 15.4 %. Earnings per share were 87 cents compared to 74 cents in the previous year, corresponding to an increase by 16.9 %.
“I am very happy about this successful start to the new year”, CEO Andreas Baresel comments the quarterly result. “In a challenging macroeconomic environment with strong inflation and a demanding job market we have continued to expand the business and increase profitability. We have addressed wage inflation with a higher degree of digitization and automation in the provision of our services, which has also relieved our employees of easy, repetitive activities”, Andreas Baresel continues.
CORBOX, the modular and combinable suite of IT services, covers all areas of IT operations in companies. Thanks to standardization and highest quality standards, DATAGROUP makes IT simple for its customers. The strong order intake of the past twelve months is reflected in the positive development of the CORBOX core business in the current financial year.
Traditionally, an outlook for the current fiscal year is provided at the Annual General Meeting which this year will again be hosted in physical presence at the company’s headquarters in Pliezhausen. For comprehensive information on the General Meeting please visit datagroup.de/agm.
As the engine room of digitalization, DATAGROUP provides its customers with digitalization projects, AI-based services, the development of software robots as well as support in cloud development. Subsidiary Almato contributes to the development of digital assistants, e.g., for the automation of back-office processes.
One example of Almato’s efficiency in this area is used by DATAGROUP itself: The CORBOT has been developed for the Service Desk. This AI-based tool supports employees in ticket classification, which gives them more time for customer consulting and other demanding tasks.
DATAGROUP will host a conference call on the quarterly result with the Management Board. It is scheduled for 21 February 2023, at 10:00 AM (CET). You will find the login details for the conference call under https://register.gotowebinar.com/register/802325058811373399. A recording of the webcast will be provided after the event.
10:00 AM (CET): Conference call on Q1 Results
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