Numbers for the first half of the year 2019

Erschienen am 8/15/2019 | 3 Minuten zu lesen

SEVEN PRINCIPLES AG publishes figures for the first half of the year 2019

  • Group turnover in the first half of 2019 is 5.8% below the previous year’s value
  • Group earnings EUR -3.4 million
  • Improvement in operating performance expected in the course of the 2nd half year

Cologne, 15 August 2019. SEVEN PRINCIPLES AG (7P), a German IT consulting and service company with a focus on the digitalisation of business models, was unable to confirm its planning for the first half of the year and reported a loss of EUR 3.4 million.

In the first half of 2019, Group turnover of EUR 47.6 million was 5.8% below the previous year’s figure of EUR 50.6 million. The Group’s operating result before interest and taxes (EBIT) was EUR -4.5 million, down EUR 5.0 from the previous year’s figure. A net loss of EUR -3.4 million is reported for the first six months of the current financial year (EUR 0.4 million in the first half of 2018).

The business development was marked largely by fluctuations in customer demand. An adjustment of the cost structures has been initiated, but the effects will become apparent only after some time. The current focus lies on consolidating the business areas plus measures to contain costs and improve capacity utilisation with a view to sustainable profitable growth in subsequent years.

Based on current information from some customers, SEVEN PRINCIPLES is counting on further changes in demand in the near future. This will allow new and future-proof delivery models for the respective 7P customers to be established and will also increase the pressure that exists in any case to adapt the existing structures and capacities of SEVEN PRINCIPLES. The expenses required for the foreseeable adjustments were taken into account as far as possible in the semi-annual financial statements. Given this development, SEVEN PRINICIPLES forecasts an improvement in its operating performance over the second half of the year, while at the same time expecting an expansion of the net loss incurred in the first half of the year for 2019 as a whole.

The report on the first half of the year of 2019 of the SEVEN PRINCIPLES Group is available for download on the www.7p-group.com website in the Investor Relations area.

 

About SEVEN PRINCIPLES AG

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.

 

Press contact:

SEVEN PRINCIPLES AG
Helgrid Jenne
Telephone: 0221-92007-0
ir@7p-group.com

 

 

Disclaimer

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.

 

 

 

Helgrid Jenne
Helgrid Jenne

Pressekontakt


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