EANS-News: adesso closes financial year 2012 with favourable fourth quarter

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Subtitle: Forecast for 2013 calls for sales and margin growth

Annual Reports/Earnings Forecast

Dortmund (euro adhoc) - In the consolidated financial statements
released today as part of the annual report, adesso AG confirmed the
preliminary figures for 2012 previously published on 8 March 2013.
Following a favourable fourth quarter with sales revenues of EUR 32.7
million and EBITDA of EUR 2.4 million, the positive developments of
the third quarter continued. Unfortunately, the budget for the year
overall could not be fully met. The Executive Board and Supervisory
Board will nevertheless propose the unchanged payment of a dividend
of EUR 0.18 per share to the Annual General Meeting.

After adesso first exceeded the EUR 100-million threshold in sales
with EUR 106 million in the previous year, sales in 2012 increased by
another 14 % to EUR 121 million, with organic growth contributing
five percentage points. Organic growth drivers included the renewed
expansion of the business in Switzerland, with mobile solutions as
well as the development of new business units such as Business
Intelligence and Telecommunication. An important step was taken at
the beginning of the second quarter of 2012 with the majority
takeover of Arithnea GmbH. With more than 120 employees, Arithnea has
been a fast-growing, profitable consulting firm in the deployment of
e-commerce and content management systems for years. Its competencies
in conjunction with the integrated media agency constitute an ideal
complement to the adesso portfolio. With the exception of the energy
industry, adesso was able to increase sales in all core sectors.

The investments in developing the energy industry segment and in
adesso's own dynamic.suite product family resulted in significant
burdens in 2012. Development of dynamic.suite ceased in the first
half of the year. Setting up new business units along with active
recruitment by adesso in Germany led to reduced average capacity
utilisation in the first six months. Earnings before interest, taxes,
depreciation and amortisation (EBITDA) at EUR 6.7 million (previous
year: EUR 8.6 million) fell short of the budgeted EUR 7.2 to EUR 7.5
million. Most of the annual profit was generated in the second half
of the year with EBITDA of EUR 5.3 million. In particular, high
depreciation and amortisation related to dynamic.suite as well as tax
effects led to earnings of EUR 0.12 per share (previous year: EUR
0.72 per share).

In the interest of a consistent dividend policy, the Executive Board
and Supervisory Board are proposing the distribution of an unchanged
high dividend of EUR 0.18 per share. Both the high level of liquidity
at EUR 21.4 million (previous year: EUR 22.5 million) and the balance
sheet structure offer the flexibility required for this.

For 2013 adesso is forecasting continued growth significantly above
the expected market growth rate. Organic revenues are expected to
grow between 7 % and 9 % to around EUR 130 million. The operating
margin should increase to 6 %, which corresponds to growth of
operating earnings from EUR 7.5 million to EUR 8.0 million. A more
pronounced budgeted margin increase is offset by investments due to
intense efforts for the internationalisation of business activities
with the product FirstSpirit in the USA, Scandinavia and the UK and
by the market entry of adesso in Turkey.

The annual report and a multi-year overview of the key performance
figures in table form are available at www.adesso-group.de/en/ under
the Investor Relations menu item.

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