adesso sets new records in sales and profits with its 2017 Annual Financial Statements

Dortmund | 3. April 2018

With the presentation of its 2017 consolidated financial statements, adesso AG outperforms its adjusted forecast. Financial year 2017 set new records in terms of sales and profits (EBITDA). Sales grew by 23 % to EUR 321.6 million and the operating result (EBITDA) by 8 % to EUR 25.4 million. With the continuation of the ambitious growth strategy and higher investments in the development of new products, 2018 is set to see an increase in both sales and EBITDA.

After a good fourth quarter in 2017 with new records in sales (EUR 88.1 million) and EBITDA (EUR 9.0 million), adesso ended 2017 on a positive note. adesso celebrated its 20th anniversary in 2017 and organic growth in that year was 19 %, underlining the company’s strengths in innovation and growth.

With three working days fewer than in the previous year, adesso was again able to achieve organic sales growth of 19 %. The growth was achieved in particular in Germany through the acquisition of new customers, the expansion of existing customer relationships and the hiring of additional employees. All major core industries were able to boost their sales. In connection with the takeover of SAP consulting company UnitCon GmbH, sales revenues increased by 23 % to EUR 321.6 million and the number of employees at the end of the year rose by 25 % to 2,712.

In March 2018, renowned institute Great Place to Work© named adesso Germany’s best employer in the top size category in the IT industry (companies with 1,000 employees or more). Despite the high level of competition for talented and experienced employees, adesso was able to hire more new employees in financial year 2017 than ever before.

Sales revenues rose in all international companies: Austria and Turkey were able to generate operating profit, unlike in the previous year. The development of the cross-sector in|sure product family for insurance companies continues to be positive.

For 2018, adesso projects an increase in sales revenues of at least 9 % to over EUR 350 million. The market environment, the continuation of the key customer relationships and order intake are expected to be positive. Through the continuation of growth, we also expect the operating earnings (EBITDA) to grow by at least 9 % to over EUR 27.7 million.

Other offices in European cities are also planned. The current M&A strategy will continue to be pursued throughout financial year 2018.

More detailed information and figures of the business development in 2017 can be found at www.adesso-group.de (the Annual Report 2017 can also be accessed here).

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