EANS-News: adesso AG closes 2011 financial year with new record in sales revenues and operating results / forecast for 2012: further growth on the horizon

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Annual Reports/Earnings Forecast/Financial Figures/Balance Sheet

Dortmund (euro adhoc) - With the publication of its annual report and
consolidated financial statements, adesso AG has today presented its
audited financial figures for 2011 and details of the preliminary
results announced on 7 March 2012. The record sales revenues of EUR
106.0 million (previous year: EUR 85.7 million) and consolidated
result of EUR 3.9 million (previous year: EUR 2.5 million) have
prompted the Executive and Supervisory Boards to propose to the
Annual General Meeting that the dividend to be paid be increased by
20 % to EUR 0.18 per share.

With a 24 % rise in sales revenues, 20 % of which was organic, adesso
has made maximum use of the auspicious market environment that
presented itself to IT companies in 2011 and increased its market
share. The company enjoyed particular success in expanding its
product business, with new highs in earnings from its licence and
maintenance segments. adesso also boosted its profitability thanks to
increased licence revenues, its IT consultants and developers being
busier, a rise in average daily rates and modifications to its cost
structure. Investments amounting to over EUR 1 million in the
development of a new product family for the energy and water
industries did not prevent the operating margin rising to 8.1 % from
6.5 % in the previous year. The company´s operating result stands at
EUR 8.6 million (previous year: EUR 5.6 million).

Earnings per share increased by 74 % to EUR 0.72 (previous year: EUR
0.42); in this context, it will be proposed to the Annual General
Meeting that the dividend paid per share be raised to EUR 0.18
(previous year: EUR 0.15), which translates to a payout ratio of 25 %
and a dividend yield of 2.9 %, based on 2010´s closing share price.

adesso is anticipating further growth in 2012, despite expectations
that demand will lose momentum. The company´s favourable position in
attractive growth markets gives rise to a prediction of organic
growth in sales revenues to between EUR 110 million and EUR 112
million. Conversely, the business environment appears not to be
positive enough to support a further increase in licence revenues in
continuation of the record-breaking performance seen in 2011. The
company expects a lower operating result, in the range of EUR 7.2
million to EUR 7.5 million, due primarily to a renewed substantial
increase in investment in its dynamic.suite product family.
Nevertheless, earnings before taxes are forecast to reach the high
level seen in 2011, at EUR 5 million, without further write-downs on
the company value of adesso Austria GmbH.

adesso is upping its investments in the in-house development of
software products in order to lay the foundations for additional
growth, higher future margins and to further strengthen its leading
position in the sectors targeted by its products, accepting a
potential temporary negative impact on its margins and results in
pursuit of this objective. adesso is expected to continue growing
organically at a rate at least double that seen in the market
overall. The company´s medium-term planning envisages its entering
additional markets, such as that in the US, and making further
acquisitions, with the target of achieving sales revenues of EUR 150
million in the year 2014.

You can access the annual report and a year-on-year key figures
overview in the Investor Relations area of the company website at
www.adesso-group.de.

The Executive Board

Further inquiry note:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 930-9330
E-Mail: ir@adesso.de

end of announcement euro adhoc
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company: adesso AG
Stockholmer Allee 24
D-44269 Dortmund
phone: +49 231 930-9330
FAX: +49 231 930-9331
mail: ir@adesso.de
WWW: http://www.adesso-group.de
sector: Computing & Information Technology
ISIN: DE000A0Z23Q5
indexes: CDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/general standard: Frankfurt
language: English