COMMUNIQUÉ DE PRESSE

par AC-Service AG (isin : DE0005110001)

EQS-Adhoc: Management board resolves to restructure the service-oriented divisions in the CORE segment / One-off negative impact on earnings leads to adjustment of forecast for EBIT before M&A effects (non-IFRS)

EQS-Ad-hoc: All for One Group SE / Key word(s): Change in Forecast/Half Year Results
Management board resolves to restructure the service-oriented divisions in the CORE segment / One-off negative impact on earnings leads to adjustment of forecast for EBIT before M&A effects (non-IFRS)

15-May-2023 / 08:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Management board resolves to restructure the service-oriented divisions in the CORE segment // Accelerated expansion of globally delivering service organisation // Increase in profitability // One-off negative impact on earnings leads to adjustment of forecast for EBIT before M&A effects (non-IFRS)

  • One-off negative impact on earnings in upper single-digit million range in financial year 2022/23 as a result of restructuring the service-oriented divisions in the CORE segment and the accelerated expansion of the globally delivering service organisation
  • Forecast for EBIT before M&A effects (non-IFRS) lowered to between EUR 17.5 million and EUR 21.5 million (previously: EUR 27.5 million to EUR 30.5 million)
  • Sales forecast reaffirmed

Filderstadt, 15 May 2023 – After the changes in the LOB segment were completed in the past financial year, the management board is implementing a restructuring programme in the service-oriented divisions of the CORE segment to conclude the strategy offensive 2022. The expansion of the globally delivering service organisation will be accelerated considerably in the process. This should reduce costs and significantly increase profitability in financial year 2023/24. In this way, the All for One Group will create the foundation for providing its increasingly international customers from the upper midmarket with fully comprehensive and cost-optimised support.

With the implementation of the restructuring programme, it is expected that a higher double-digit number of full-time positions will be cut back in service-oriented divisions in the CORE segment, which will probably result in one-off expenses in the upper single-digit million range. Due to the one-off expenses, the management board will adjust the forecast for financial year 2022/23 accordingly.

For financial year 2022/23, the management board is therefore revising its forecast for EBIT before M&A effects (non-IFRS) to a range of EUR 17.5 million to EUR 21.5 million. The previous forecast predicted EBIT before M&A effects (non-IFRS) between EUR 27.5 million and EUR 30.5 million. The forecast for sales revenues (IFRS) remains unchanged at EUR 470 million to EUR 500 million.

The medium-term outlook, with robust organic growth in the mid-single-digit percentage range, is reaffirmed. The target margin for EBIT before M&A effects (non-IFRS) of 7% to 8% originally communicated for financial year 2025/26 is expected to already be achieved in financial year 2024/25.




Contact:
ll for One Group SE, Nicole Besemer, Head of Investor Relations & Treasury, Tel. 0049 (0)711 78807-28, E-Mail nicole.besemer@all-for-one.com


End of Inside Information

15-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:All for One Group SE
Rita-Maiburg-Straße 40
70794 Filderstadt-Bernhausen
Germany
Phone:+49 (0)711 78 807-28
Fax:+49 (0)711 78 807-222
E-mail:nicole.besemer@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:1632479

 
End of AnnouncementEQS News Service

1632479  15-May-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1632479&application_name=news&site_id=symex
Voir toutes les actualités de AC-Service AG