DGAP-News: All for One Group AG: Guidance for Financial Year 2019/20 Repealed Due to Coronavirus

2020. március 23., hétfő, 15:03







DGAP-News: All for One Group AG


/ Key word(s): Forecast/Market Report






All for One Group AG: Guidance for Financial Year 2019/20 Repealed Due to Coronavirus








23.03.2020 / 15:03




The issuer is solely responsible for the content of this announcement.




All for One Group AG - Guidance for Financial Year 2019/20 Repealed Due to Coronavirus



Protecting the staff is top priority // Business continuity guaranteed // System operation and support for customers assured // Quick-start packages for the current challenges facing companies // Good recurring cloud and software support revenue is stabilising business // Licensing and project business expected to weaken significantly // Currently no means of adequately assessing the negative impacts on sales and earnings // Strength of market forces driving transformation projects currently unabated



Filderstadt, 23 March 2020 - the significant past years investments in technologies and processes to assure service and business continuity are proving just how valuable they can be in times of emergency: Even now, leading consultant and IT experts All for One Group AG are still able to guarantee the ongoing operation and support without restriction of the business software of its more than 2,500 customers. The Group is also extensively and actively involved in ongoing projects thanks to its ability to already deliver a significant portion of the work remotely, without having to be on site to advise its customers. Added to which, the Group is helping its customers cope with the current challenges by providing special quick-start package solutions for setting up short-time allowances or digital collaboration in virtual teams based in home offices, for example. The Group has, moreover, just acquired a new SAP S/4HANA customer who is being set up entirely remotely for the first time ever in light of the coronavirus pandemic. In doing so, All for One Group is taking key measures to protect its staff and their families, as well as its customers and business partners, to break the chain of infection and to slow the spread of the coronavirus.



At the same time All for One Group is preparing for demand to decline. Cloud and software support account for around half of the Group"s business, and this recurring revenue should continue to generate stable earnings and cash flows while stabilising the business. By contrast, investments in licensing and project business will probably be largely put on hold in light of ever more production shutdowns, supply chain disruptions and restrictions imposed by the authorities. All for One Group can neither adequately nor reliably quantify the extent and actual economic impact of the same at present.



In connection with its annual general meeting on 12 March 2020, All for One Group AG had already communicated the aggravated risk situation caused by the further spread of the coronavirus. In a further step, the company is now repealing its guidance for financial year 2019/20 that it published on 26 November 2019, forecasting sales of between EUR 375 million and 385 million and EBIT of between EUR 20 million and 22 million. As such, this guidance 2019/20 is no longer applicable. Although the company is maintaining close contact with its customers, business partners and the authorities to enable it to plan future developments more accurately on a concrete basis, it cannot at present issue a concrete and valid new outlook for financial year 2019/20, given the unclear economic situation and the fact that measures and predictions are changing on a daily basis.



The huge pressure already facing many companies to adjust - to agile working worlds or cloud-based software utilisation, for example - is particularly noticeable in the current state of emergency. Although projects can be postponed temporarily, they hardly cannot be suspended permanently. Having successfully completed last year, on schedule, the launch of its strategy offensive 2022, All for One Group believes it is even better equipped to grow profitably once the situation returns to normal.



About All for One Group AG

All for One Group AG (ISIN DE0005110001) enhances the competitive ability of its customers in a digital world. The Group unites strategic and management consulting, process consulting, industry insight and technology expertise, IT consulting and services under one roof. With market leading business software solutions based on SAP, Microsoft and IBM together with more than 1,850 experts, All for One Group AG orchestrates all aspects of competitive strength: intelligent Enterprise Resource Planning (ERP) as the digital core of any future-proof corporate IT, strategy, business model, customer & employee experience, new work, big data & analytics, but also IoT, artificial intelligence or cybersecurity & compliance. All for One Group AG is assisting more than 2,500 clients with their transformation and the expansion of their ability to compete. Market observers rank the leading consulting and IT group as the number 1 in the German-speaking SAP market. As a founding member of United VARs - the most powerful global alliance of SAP Partners - All for One Group AG also provides a comprehensive portfolio of consulting and other services, together with best-in-class local support in more than 100 countries. All for One Group AG is listed in the Prime Standard on the Frankfurt Stock Exchange and achieved sales of approx. EUR 360 million in the financial year 2018/19.



https://www.all-for-one.com/en/company/corporate-investor-relations/


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Contact:

All for One Group AG, Dirk Sonntag, Head of Corporate & Investor Relations, Tel. 0049 (0)711 78807-260, E-Mail dirk.sonntag@all-for-one.com














23.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: All for One Group AG

Rita-Maiburg-Straße 40

70794 Filderstadt-Bernhausen

Germany
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: dirk.sonntag@all-for-one.com
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1004193





 
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1004193  23.03.2020 



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