Group EBIT grows to over EUR 2.1 million in Q1 2022.

Press contact: Helgrid Jenne

SEVEN PRINCIPLES AG (7P), a German IT consulting and service company with a focus on the digitalisation of business processes, has also got off to a good start in 2022 after a successful 2021 financial year.

According to the unaudited quarterly results, gross profit increased by approx. 7.2% with a minimally higher group turnover of approx. This effect was mainly due to a further optimised utilisation of internal resources, combined with a corresponding reduction in the number of external providers involved. Due to this increase in gross profit and further improvements in administrative efficiency, Group EBIT increased by approx. 81% to approx. EUR 2.1 million in the first quarter (Q1/2021: approx. EUR 1.1 million).

Against the backdrop of this successful first quarter, Seven Principles remains optimistic about the rest of the financial year and is still maintaining its forecast for the year.