Fujitsu TDS GmbH
TDS Informationstechnologie AG:
TDS Informationstechnologie AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act] 10.02.2011 10:01 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 reports high order intake in third quarter - Enterprise remains committed to growth strategy - Profitable growth in core outsourcing business Neckarsulm, 10 February 2011. The TDS Group (ISIN DE0005085609) posted revenues of EUR98,247 thousand for the first nine months of fiscal 2010/2011 (1 April to 31 December 2010). This was down 1.5 per cent over the same period of the previous year (EUR99,706 thousand) - due, in part, to the sale of the TDS Rechnungswesen and TDS Sozialwirtschaft software products by the HR Services & Solutions business unit in fiscal 2009/2010. However, intensification of sales and marketing activities has led to a strong increase in order intake - both in IT Outsourcing and HR Services & Solutions. The first nine months of 2010/2011 saw earnings before interest and tax (EBIT) reach EUR688 thousand, compared with EUR8,204 thousand for the same period of the previous fiscal - with the EBIT margin dropping from 8.2 to 0.7 per cent. Consolidated net income decreased from EUR4,435 thousand to minus EUR894 thousand, while earnings per share now total minus EUR0.03 (EUR0.15 last year). Financial structure On 31 December 2010, total assets stood at EUR115,042 (EUR117,485 on 31 March 2010). The equity-to-total-assets ratio was 46.4 per cent (31 March 2010: 46.1 per cent). Cash flows from operating activities eased to EUR9,083 thousand (EUR11,048 thousand at 31 December 2009). Breakdown by segment IT Outsourcing revenues jumped by 4.8 per cent to EUR47,641 in the first nine months of fiscal 2010/2011, compared with EUR45,471 thousand in the same period last year. HR Services & Solutions posted a 2.6 per cent drop in revenues year-on-year, from EUR41,845 thousand to EUR40,767 thousand. Revenues in IT Consulting dipped by 20.6 per cent to EUR9,839 thousand in the first nine months, compared with EUR12,390 in the same period of fiscal 2009/2010. Business development in the third quarter In the third quarter of 2010/2011 (1 October to 31 December 2010), TDS recorded revenues of EUR33,915 thousand compared with EUR34,166 thousand in the same period of the prior fiscal. Earnings before interest and tax (EBIT) sank from EUR2,626 thousand to minus EUR652 thousand. Correspondingly, consolidated net income fell year-on-year from EUR1,527 thousand to minus EUR774 thousand. Earnings per share for the third quarter were minus EUR0.03 (EUR0.05 for third quarter 2009/2010). Continued intensive marketing efforts led to a rise in both selling and marketing costs, and in general and administrative expenses - affecting overall business development. One-off start-up costs related to new projects with major customers had a further impact. Results were also strongly influenced by initial expenditure for the new state-of-the-art data centre in Neuenstadt near Neckarsulm, together with a significant rise in energy costs. New customers acquired in the third quarter include Viessmann Kältetechnik (IT Outsourcing) and Overlack AG, where TDS is implementing its mySAP.Chemie solution. Moreover, Panalpina Welttransport has decided to take advantage of a number of TDS services, including payroll accounting. Contracts were renewed with both Landesbank Berlin and HSE24. Order backlog at the end of the third quarter of 2010/2011 totalled EUR243,850 thousand, compared with EUR211,573 thousand on 30 September 2010 and EUR203,818 thousand for the same period of the previous year (including TDS MultiVision AG: EUR209,179 thousand). Order intake climbed in the third quarter of 2010/2011 to EUR66,198 thousand - up from EUR41,497 thousand in the previous quarter. In the third quarter of 2009/2010, order intake stood at EUR46,344 thousand (including TDS MultiVision AG: EUR49,131 thousand). On 31 December 2010, TDS employed 1,250 people compared to 1,191 twelve months previously - a rise of 5 per cent year-on-year. Adjusted figures for better comparison In the annual financial statements for 31 March 2010, TDS MultiVision AG, Regensdorf, Switzerland, was classified as a discontinued operation due to its proposed sale. This was recognised in accounts for the third quarter of 2010/2011, and figures for the third quarter of fiscal 2009/2010 were adjusted accordingly for better comparison. Executive Board guidance Taking all factors into account, the TDS Executive Board believes that business development will remain stable. High order intake is testament to TDS's continued commitment to its growth strategy. The service provider aims to boost profitability by improving utilisation of data centre resources. The relationship with parent company Fujitsu remains highly successful, strengthening TDS's market position. At present, the TDS Executive Board anticipate a positive EBIT margin for the full fiscal year - and revenues are expected to total approximately EUR135 million. On 9 November 2010, TDS published amended guidance for business development. 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 800,000 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 2009/2010, the company posted revenues of approximately EUR132 million. Founded in 1975 and headquartered in Neckarsulm, Germany, TDS is traded on the Frankfurt stock exchange (WKN 508560). TDS has been a member of the Fujitsu Group, one of the world's leading IT players, since 2007. Find out more at www.tds.fujitsu.com Contact: TDS AGPress officer Michael Erhard Phone +49 (0)89 - 21 90 92 - 120 Fax +49 (0)89 - 21 90 92 - 693 E-mail: michael.erhard@tds.fujitsu.com Internet www.tds.fujitsu.com 10.02.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 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.fujitsu.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found