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28.10.2009
itelligence AG presents final figures for first nine months of 2009

itelligence AG successfully held its ground in a persistently challenging market environment in the first nine months of 2009 and improved its revenues by 2.7% from MEUR 154.1 to MEUR 158.3. Orders on hand amounted to MEUR 156.5 as of September 30, 2009 and were therefore up on the previous year’s figure of MEUR 154.8.

Herbert Vogel, CEO of itelligence AG, said: “Thanks to our solid market position we have continued to grow in spite of the lingering difficulty in the sector environment. We are therefore satisfied with our business performance in the first nine months of 2009. This development, together with our strong orders on hand of MEUR 156.5, has given us grounds for every confidence moving forward in the fourth quarter.”

itelligence’s revenues in Outsourcing & Services climbed from MEUR 45.1 to MEUR 56.4. Revenues of MEUR 85.2 were generated by consulting activities in the reporting period (previous year: MEUR 88.1), the sale of licenses generated MEUR 16.5 (previous year: MEUR 20.7) while Other revenues generated MEUR 0.2 (previous year: MEUR 0.2).

Segment revenues broke down as follows after the first nine months of 2009: Germany/Austria reported MEUR 83.6 (previous year: MEUR 80.6), the USA MEUR 37.8 (previous year: MEUR 33.3), Western Europe MEUR 22.7 (previous year: MEUR 25.8), Eastern Europe MEUR 11.7 (previous year: MEUR 11.8) and the segment Other MEUR 2.5 (previous year: MEUR 2.6).

In terms of earnings, itelligence generated EBIT of MEUR 7.0 in the first nine months of 2009 (previous year: MEUR 9.7). This includes impairment on receivables, losses on fixed price projects and reorganization expenses of around MEUR 3.0. Accordingly, the EBIT margin was 4.4% after 6.3% in the same period of 2008. The IFRS net profit for the period amounted to MEUR 4.5 (previous year: MEUR 6.9). Earnings per share were EUR 0.18 after EUR 0.29 in the same period of the previous year.

Norbert Rotter, CFO of itelligence AG, said: “We have reported respectable earnings as of September 30 in the crisis year of 2009. The pick-up in new customer business has given us grounds for optimism in the fourth quarter of 2009 so that we can confirm our forecast for the year. Our goal is to achieve revenues of between MEUR 220 and MEUR 230, while the EBIT margin is expected to be at the upper end of our forecast range of between 4.7% and 5.2%.”

A detailed presentation of the third quarter and the first nine months of 2009 can be found in the Quarterly Report 3/2009.

Contact

Torsten Scholz
Director Corporate Marketing

Location Bielefeld

Phone:
+49 5 21/9 14 48-165

Fax:
+49 5 21/9 14 45-305

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