SEVEN PRINCIPLES AG (7P), a German IT consulting and service company with a focus on the digitalisation of business processes, has been able to achieve gratifying results in the first half of 2021 following the successful operational turnaround in the 2020 financial year.
At around EUR 40.6 million, Group revenue just reached the level of the previous year (2020H1: around EUR 41 million) and was affected by lockdown-related project delays and postponements in the first quarter. On the earnings side, expectations were clearly exceeded. Compared to the previous year, all key earnings figures were up significantly: EBITDA, for example, roughly doubled to approx. EUR 2.2 million (2020H1: approx. EUR 1 million), while EBIT (approx. EUR 1.8 million compared to the previous year’s value of approx. EUR 0.5 million) and earnings (approx. EUR 1.3 million compared to approx. EUR 0.4 million for 2020H1) even roughly tripled.
Against the backdrop of the successful first half of the year, SEVEN PRINCIPLES continues to confirm the turnaround with an increase in EBIT as the most important target for the 2021 financial year and looks confidently to the second half of 2021.
Enabling Your Digital Business: For SEVEN PRINCIPLES AG, headquartered in Cologne, this means standing by your side and realising your digital business models. Our three subsidiaries, Seven Principles Solutions & Consulting GmbH, Seven Principles Mobility GmbH and intomarkets GmbH have made it their mission to make your business more sustainable and digital. We help you through your digital transformation. With around 400 colleagues working at several locations in Germany and throughout Europe, we provide innovative IT solutions.
Important note: This announcement constitutes neither an offer to sell nor a solicitation of an offer to buy or to subscribe for securities. This communication does not constitute a securities prospectus. This communication and the information contained in it are not for distribution, directly or indirectly, within or into the United States of America, Canada, Australia or Japan.
