Group EBIT grows to over EUR 1.1 million in Q1 2021.

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 gotten off to a robust start in 2021 following the successful operational turnaround in the 2020 financial year.

Group turnover fell slightly again in the first quarter to around EUR 22.3 million (Q1/2020: EUR 22.9 million). This effect was caused mainly by lockdown-related project delays and postponements. A cost reduction of approx. 1.2 million EUR more than compensated for this turnover development, however. As a result, the Group EBIT could be increased to over EUR 1.1 million. Compared to the figure for the same quarter of the previous year, adjusted for spin-off-related special effects, this corresponds to an increase of approximately 44%.

With this successful first quarter now behind it, Seven Principles is sticking to its annual forecast and continues to expect a confirmation of the turnaround and an increase in EBIT for the 2021 financial year.