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 // 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 effects (non-IFRS)
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 effects (non-IFRS) to a range of EUR 17.5 million to EUR 21.5 million. The previous forecast predicted EBIT before M 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 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 [email protected] End of Inside Information
15-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | [email protected] |
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 Announcement | EQS News Service |
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1632479 15-May-2023 CET/CEST
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