All for One (A1OS) Q3 23/24 earnings summary

Executive summary

• Achieved EUR 378.8 million in nine-month revenue, up 4% year-over-year, driven by strong order intake and CORE segment growth.

• Recurring revenues rose by 6%, now representing 56% of total sales, reflecting the ongoing shift to cloud-based solutions.

• EBIT before M&A effects (non-IFRS) surged by 81% to EUR 20.7 million, with the EBIT margin improving to 5.5% from 3.1% year-over-year.

• Strong focus on cloud transformation, leveraging SAP S/4HANA via RISE and GROW programs.

• Staff count is approximately 2,800, with ongoing transformation and training for new technologies.

Financial highlights

• Licence revenues (including commission) increased by 34% to EUR 23.4 million in the nine-month period.

• Result for the period rose by 51% to EUR 10.4 million; earnings per share increased by 54% to EUR 2.09.

• Operating cash flow for the period was EUR 15.0 million, slightly below the prior year.

• Equity increased by 3% to EUR 103.1 million, with the equity ratio rising to 33%.

• Net debt increased to EUR 73.4 million from EUR 58.6 million at the previous year-end.

Outlook and guidance

• Full-year sales revenue expected between EUR 505 million and EUR 525 million.

• EBIT before M&A forecasted at EUR 32–36 million.

• Midterm EBIT margin target set at 7–8% for the next business year.

• Organic growth anticipated in the mid-single digit percentage range.

• Management board confirmed full-year 2023/24 guidance despite economic and geopolitical challenges.