Fujitsu TDS GmbH
TDS Informationstechnologie AG: Revenue and earnings for first quarter meet expectations
TDS Informationstechnologie AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act] Interim report according to Article 37x of the WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TDS AG: revenue and earnings for first quarter meet expectations - Revenue up by 1.8 per cent - EBIT margin of 8.2 per cent within target corridor - Executive Board cautiously optimistic Neckarsulm, Germany, 13 August 2009. TDS AG (ISIN DE0005085609), a one-stop provider of IT outsourcing, IT consulting and HR services, increased revenues to EUR32,293 thousand in the first quarter of 2009/2010 (1 April to 30 June 2009), compared to EUR31,721 thousand in the same period last year. This represents growth of 1.8 per cent and means that TDS revenues remain stable despite the financial crisis. Earnings before interest and taxes (EBIT) rose from EUR1,712 thousand to EUR2,644 thousand, a rise of 54.4 per cent, and the EBIT margin of 8.2 per cent is firmly in the target corridor. Consolidated net income climbed from EUR817 thousand to EUR2,279 thousand. Income per share was EUR0.05 during the reporting period (EUR0.03 in the same period last year). TDS employed a total of 1,146 people at 30 June 2009. Financial structure At 30 June 2009, total assets were down slightly to EUR100,332 thousand (EUR102,671 thousand at 31 March 2009). Equity-to-total-assets ratio rose slightly to 50.3 per cent (47.9 per cent at 31 March 2009). Cash flows from operating activities for the first three months of fiscal 2009/2010 came to EUR1,403 thousand (EUR1,840 thousand at 30 June 2008). Expansion of HR Services & Solutions TDS is planning further expansion of the HR Services & Solutions business unit. Groundwork was laid during the first quarter of this year: On 1 September 2009, 20 new employees will start work at the TDS site in Zwickau. In addition, to increase future sales of TDS-Personal HR software, TDS has grown its partner network. The service provider established four new partnerships in the first quarter alone. New data centre increases outsourcing resources TDS is also planning to expand its IT Outsourcing business, and has invested over EUR10 million in the construction of a new data centre in Neuenstadt. Construction began in May 2009, with installation of the IT infrastructure planned for late 2009/early 2010. Customers' IT systems are scheduled to go live in mid March 2010. Financial crisis hits license sales As a result of the financial crisis, companies are more reluctant to make investments. This is particularly obvious in IT Consulting, where implementations of ERP software and sales of software licenses both decreased in the first quarter. Executive Board guidance Executive Board guidance for fiscal year 2009/2010 was confirmed by results for the first quarter. 'We are confident that business will continue to develop steadily at TDS, despite the current economic situation,' said CEO Dr. Heiner Diefenbach. 'We anticipate revenues of around EUR130 million for fiscal 2009/2010, and are targeting EBIT margin of between eight and nine per cent.' 13.08.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: TDS Informationstechnologie AG Konrad-Zuse-Straße 16 74172 Neckarsulm Deutschland Internet: www.tds.de End of News DGAP News-Service ---------------------------------------------------------------------------
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