Virtual Annual General Meeting Welcomes Reorganization of Board of Directors and Payment of Dividend


DGAP-News: DATAGROUP SE / Key word(s): AG/AGE
10.03.2022 / 16:15
The issuer is solely responsible for the content of this announcement.

Virtual Annual General Meeting Welcomes Reorganization of Board of Directors and Payment of Dividend

Pliezhausen, March 10, 2022. DATAGROUP SE (WKN A0JC8S) held its Annual General Meeting today, which was again held virtually. The company looks back on a very successful past year. Management provided an optimistic outlook for the current fiscal year: revenue is expected to reach €480-500 million, EBITDA €72-75 million and EBIT €39-42 million. euros.

At DATAGROUP SE’s Ordinary General Meeting this year, the Management Board took stock of a very successful 2020/2021 financial year. 76 shareholders used the possibility of virtual participation via an electronic portal. All agenda items were approved.

The shareholders notably elected Max H.-H. Schaber to the Supervisory Board. Mr. Schaber founded the company, launched the IPO in 2006, and transformed the company into the leading provider of IT services for German companies in the Mittelstand through nearly 30 acquisitions. Following the AGM, Andreas Baresel will succeed Mr Schaber as Managing Director and lead the company into the future together with Chief Financial Officer Oliver Thome. Dr. Sabine Laukemann will join the Management Board as Chief Human Resources Officer from April 1, 2022.

“DATAGROUP’s performance has been remarkable in recent years. The shift from a time-material approach to a Service-as-a-Product model a few years ago laid the foundation for the company’s successful transformation from a manufacturing-focused IT services provider to a highly automated production machine for IT services.Over the years, profitability has steadily increased in line with an increase in standardized services.With an EBITDA margin of over 15 %, we are at the highest level today, some 80% of the gross margin is based on recurring revenues guaranteed by long-term contracts”, summarizes Schaber. DATAGROUP has a large portfolio of customers, which mainly includes public authorities and German customers of the Mittelstand Thanks to the broad positioning and long-standing customer relationships, the company’s activities remain largely unaffected by the war in Ukra ine.

Heinz Hilgert, Chairman of the Supervisory Board, thanked Mr. Schaber, the Management Board and the employees of DATAGROUP for their tireless dedication to the company, customers and users in the difficult times of the pandemic. Special thanks were also addressed to Dr. Carola Wittig, who left the Supervisory Board following the Annual General Meeting.

AMBITIOUS ORIENTATIONS FOR THE CURRENT YEAR

“We can now look forward to the continuation of our current financial year with a lot of confidence”, says Andreas Baresel. “We have started with an exceptional first quarter and the Board of Directors assumes that the growth path of the past few years will continue. For the current financial year, we expect revenues of 480 to 500 million euros, an EBITDA €72-75 million and EBIT €39-42 million Our goal is to generate revenues of around €750 million and an EBIT margin of 9% by 2025/26 Even higher productivity of our departments using artificial intelligence and process-based process automation robots will help us to more than offset wage and price increases,” continues Baresel. base in our data centers and will be largely able to meet revenue expectations in our existing structure. Thus, depreciation as well as intangible assets (CAPEX) will continue to fall in relation to revenues,” adds CFO Oliver Thome.

Further information on the annual general meeting, the voting results and the speech of the board of directors can be found on the website at www.datagroup.de/en/annual-general-meeting.

FINANCIAL CALENDAR

30.03.2022 Pareto Securities, TechIT Conference

11.-13.05.22 HAIB Stockpicker Summit, Berlin

19.05.22 Forum Stifel SMID CAP

23.-25.05.22 Spring Conference, Frankfurt

05.24.22 Publication of Q2 and H1 results for fiscal year 21/22

01.-02.06.22 Quirin Champions Conference

22.-23.06.22 Stifel International Technology Conference, New York

08.23.22 Publication of results for the third quarter of fiscal year 21/22

23.09.22 Baader Investment Conference 2022, Munich

17.-18.10.22 CF&B European Midcap Event

22.11.22 Publication of preliminary results for the 21/22 financial year

ABOUT DATAGROUP

DATAGROUP is one of Germany’s leading IT services companies. Around 3,500 employees across Germany design, implement and operate IT infrastructures and business applications such as SAP. With its CORBOX product, DATAGROUP is a full service provider, supporting global IT workstations for medium and large companies as well as public authorities. The company is growing both organically and through acquisitions. The acquisition strategy stands out in particular for its optimal integration of new companies. DATAGROUP actively participates in the consolidation process of the IT services market with its “buy and turn around” strategy and its “buy and build” strategy.

CONTACT

Claudia Erning
Investor Relations
T +49 7127 970-015
[email protected]

10.03.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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