Fujitsu TDS GmbH
TDS Informationstechnologie AG: TDS remains on course in the third quarter of fiscal 2009/10
TDS Informationstechnologie AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act] 11.02.2010 09:31 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. --------------------------------------------------------------------------- - Revenues up by 4.0 per cent in April to December - Strong increase in order intake in third quarter Neckarsulm, Germany, 11 February 2010. Revenues for the TDS Group (ISIN DE0005085609) rose by four per cent to EUR102,082 thousand in the first nine months of fiscal 2009/10 (1 April to 31 December 2009). Over the same period last year (April to December 2008), revenues reached EUR98,192 thousand. TDS improved earnings before interest, taxes, depreciation and amortisation (EBITDA) by 0.4 per cent, from EUR16,478 thousand to EUR16,549 thousand. Earnings before interest and taxes (EBIT) fell by 10.7 per cent, from EUR8,517 thousand to EUR7,606 thousand. Net income totalled EUR4,435 thousand after the first nine months. Compared with EUR4,965 thousand from the same period last year, this represents a 10.7 per cent fall. Earnings per share were EUR0.15, down from EUR0.17 last year. Financial structure Total assets rose on 31 December 2009 to EUR108,198 thousand (31 March 2009: EUR102,671 thousand). The equity-to-total-assets ratio was 49.5 per cent (31 March 2009: 47.9 per cent). Cash flows from operating activities eased to EUR11,048 thousand in the first nine months (31 December 2008: EUR11,856 thousand). Revenue development by segment IT Outsourcing remained stable. The first nine months of fiscal 2009/10 saw sales grow by 1.3 per cent to EUR47,153 thousand (previous year: EUR46,545 thousand). Revenues in HR Services & Solutions climbed in the first nine months of 2009/10 by 13.4 per cent, reaching EUR41,845 thousand (previous year: EUR36.901 thousand). IT Consulting continued to feel the marked reluctance on the part of enterprises to invest in IT projects. Sales in the first nine months came to EUR13,084 thousand (previous year: EUR14,746 thousand). Healthy order book in third quarter The third quarter (1 October to 31 December 2009) of fiscal 2009/10 showed an increase TDS Group revenues of 1.3 per cent, totalling EUR34,930 thousand (third quarter of previous year: EUR34,472 thousand). Higher costs of sales and the elimination of inter-company services were mainly responsible for the decline in earnings before interest and taxes (EBIT), from EUR4,419 thousand to EUR2.437 thousand. Consolidated net income declined to EUR1,527 thousand after EUR2,727 thousand in the third quarter of last year. Third quarter earnings per share were EUR0.05 (third quarter of last year: EUR0.09). Entirely new customers and existing customers who renewed contracts in the third quarter included Pilatus Flugzeugwerke AG in Switzerland, sports rights marketing company Sportfive, Steigenberger Hotels AG and cosmetics manufacturer Marbert, based in Düsseldorf, Germany. TDS has also established new sales partnerships, for instance with Philippi GmbH, based in Lohmar, a specialist for PAISY HR solutions. Order backlog totalled EUR209,179 thousand at the end of the third quarter of fiscal 2009/10. In comparison, the equivalent figure was EUR194,979 thousand on 30 September 2009 and EUR201,755 thousand for the same period last year. Order intake climbed to EUR49,131 thousand, up from EUR35,505 thousand in the second quarter of this year. In the third quarter of fiscal 2008/09, order intake totalled EUR24,510 thousand. The number of employees at TDS rose to 1,173 on 31 December 2009. The TDS headcount at the same time last year was 1,070. Executive Board guidance TDS earnings in the first nine months of fiscal 2009/10 lagged slightly behind expectations. For fiscal 2009/10, TDS anticipates revenues of slightly more than the EUR130 million it previously forecast. EBIT will not reach the previous year's level. Because the economy remains uncertain and customers are hesitant to invest, the Executive Board believes EBIT margin will be marginally lower than originally forecast. Overall, the Executive Board expects business to continue to develop steadily. The appeal proceedings before the Stuttgart Higher Regional Court (Oberlandesgericht, ref. no. 20 U 9/09) were discontinued due to abandonment of appeals and joinders. The Stuttgart Higher Regional Court's ruling from 26 January 2010 dismissed the appeals, confirming the ruling of the lower Stuttgart court (Landgericht) as res judicata. The resolution passed at the annual shareholders' meeting approving the subordination agreement dated 11 January between TDS and Fujitsu Services Overseas Holdings Limited therefore remains valid and effective. About TDS AG TDS provides a comprehensive range of IT services, including SAP-related offerings, to mid-sized enterprises and major corporations. In addition, TDS offers software, outsourcing and related services for human resource management. A particular focus is SAP consulting, application hosting and application management. The portfolio also includes industry-specific SAP solutions, e.g. for the process industry, as well as the cosmetics and food and drink sectors. As an outsourcer, TDS provides tailored answers to specific customer needs, and end-to-end management of entire IT infrastructures. In the HR space, TDS can assume complete responsibility for all processes associated with managing staff. TDS is Germany's market leader in HR business-process outsourcing (BPO), handling over 750,000 payroll transactions every month. A further million payroll transactions are processed by companies deploying TDS Personal HR software. Currently, TDS employs around 1,200 staff at some 20 sites in Germany, Austria and Switzerland. In fiscal 2008/2009, the company posted revenues of approximately 132 million euros. Founded in 1975 and headquartered in Neckarsulm, Germany, TDS is traded on the Frankfurt stock exchange (ISIN DE0005085609 and DE0008164286). TDS has been a member of the Fujitsu Group, one of the world's leading IT players, since 2007. Contact: TDS AG Head of Corporate Communications Heiko Hambrock Phone +49 7132 366-1200 Fax +49 7132 366-1188 E-mail heiko.hambrock@tds.de Internet www.tds.de 11.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: TDS Informationstechnologie AG Konrad-Zuse-Straße 16 74172 Neckarsulm Deutschland Internet: www.tds.de End of News DGAP News-Service ---------------------------------------------------------------------------
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