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Gütersloh, 3rd May 2013
Reply Deutschland AG published today the results of the first quarter of financial year 2013. In the group, the software integrator achieved revenues of EUR 15.0 million, 5% above the previous year. The profitability situation has been influenced by one-off effects of the sale of Tool Reply. Accordingly earnings before taxes, interest and depreciation (EBITDA) amounted to EUR 2.8 million following EUR 0.6 million in the last year. Earnings before taxes (EBT) were EUR 2.5 million coming from EUR 0.3 million in 2012. Altogether, Reply Deutschland group after tax and minority shares obtained a net profit of EUR 2.2 million until now (previous year: net profit EUR 0.2 million).
Operational Result – Reply Deutschland AG Group continued its positive business development in the first quarter of financial year 2013. The EUR 15.0 million revenue in the first quarter of 2013 marks the second highest of the last eight quarters. Neglecting the one-off effects the EBITDA has increased to EUR 1.03 million, 86% more than in the first quarter 2012. With 6.8% the EBITDA margin is – as planned – higher than the 3.9% EBITDA-margin achieved in the first quarter of 2012.
Tool Reply – Announced during the extraordinary shareholders meeting in February 2013 and approved by the shareholders Tool Reply has been sold to the Italian Reply Services based on the valuation of an independent appraisor appointed by the chamber of industry and commerce in Bielefeld. With EUR 2.27 million the selling price was in the middle of the evaluation interval indicated during the annual meeting. Considerung deconsolidation effects the sale of Tool Reply led to a one-off pre-tax profit of EUR 1.78 million. The further activities of the project “ONE REPLY” aiming at the simplification of the grown group structures and the internationalization and broadening of the shareholder base develop as planned.
Liquidity and staff – Cash flow (according to DVFA/SG) up to now amounted to EUR 2.5 million (previous year: EUR 0.6 million) in 2013. Liquidity fell to EUR 12.5 million (end of 2012: EUR 15.3 million) subject to seasonal influences. The equity ratio rose to 60.5% following 55.4% at the end of 2012. 394 employees were active in the group at the end of March 2013, unchanged compared to the first quarter of 2012.
Status and Outlook – Based on the existing project pipeline Reply Deutschland is assuming a continuous development according to the current path of revenue and margin growth. Against this background we confirm our guidance for the financial year 2013 which states that the revenues shall improve at a substantial single-digit rate. As well the EBITDA-margin shall further improve to exceed the 6.2% achieved in financial year 2012.
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Director Investor Relations
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About Reply Deutschland AG
Reply Deutschland is a leading IT service provider which provides consulting, integration and outsourcing services for efficient corporate management. For our innovative, flexible and reliable solutions of the highest quality, we use adaptive and agile IT platforms and extend them with customer-specific components. This makes it possible for our customers to differentiate themselves in the market and creates long-term competitive advantages. Our customers profit from our sound knowledge of the industry they are operating in and the partnership-like cooperation with us. Reply Deutschland is organized as a network of independent and highly-specialized companies.
The inclusion in the network of the European-wide IT service provider Reply gives Reply Deutschland additional access to the knowledge of over 3,700 IT experts. In 2012, Reply had a turnover of over 494 million euros in the main offices in Italy, Germany and the United Kingdom. For further information visit www.reply.de