... we have a clear focus on security and energy efficiency
With the new data centre, located
approximately 10km from TDS headquarters in Neckarsulm,
we create additional resources for
operating your IT systems.
TDS is committed to ensuring its
data centres meet the highest possible security standards. For this
reason, the new facility will be
equipped with state-of-the-art
fire-alarm, intrusion-detection and
biometric access control systems.
>> read more in "Building a secure future"
Revenues up by 4.0 per cent in April to December, Strong increase in order intake in third quarter
February 11,2010
Neckarsulm, Germany, 11 February 2010. Revenues for the TDS Group (ISIN DE0005085609) rose by four per cent to €102,082 thousand in the first nine months of fiscal 2009/10 (1 April to 31 December 2009). Over the same period last year (April to December 2008), revenues reached €98,192 thousand.
TDS improved earnings before interest, taxes, depreciation and amortisation (EBITDA) by 0.4 per cent, from €16,478 thousand to €16,549 thousand. Earnings before interest and taxes (EBIT) fell by 10.7 per cent, from €8,517 thousand to €7,606 thousand. Net income totalled €4,435 thousand after the first nine months. Compared with €4,965 thousand from the same period last year, this represents a 10.7 per cent fall. Earnings per share were €0.15, down from €0.17 last year.
Financial structure
Total assets rose on 31 December 2009 to €108,198 thousand (31 March 2009: €102,671 thousand). The equity-to-total-assets ratio was 49.5 per cent (31 March 2009: 47.9 per cent). Cash flows from operating activities eased to €11,048 thousand in the first nine months (31 December 2008: €11,856 thousand).
Revenue development by segment
IT Outsourcing remained stable. The first nine months of fiscal 2009/10 saw sales grow by 1.3 per cent to €47,153 thousand (previous year: €46,545 thousand). Revenues in HR Services & Solutions climbed in the first nine months of 2009/10 by 13.4 per cent, reaching €41,845 thousand (previous year: €36.901 thousand). IT Consulting continued to feel the marked reluctance on the part of enterprises to invest in IT projects. Sales in the first nine months came to €13,084 thousand (previous year: €14,746 thousand).
Healthy order book in third quarter
The third quarter (1 October to 31 December 2009) of fiscal 2009/10 showed an increase TDS Group revenues of 1.3 per cent, totalling €34,930 thousand (third quarter of previous year: €34,472 thousand). Higher costs of sales and the elimination of inter-company services were mainly responsible for the decline in earnings before interest and taxes (EBIT), from €4,419 thousand to €2.437 thousand. Consolidated net income declined to €1,527 thousand after €2,727 thousand in the third quarter of last year. Third quarter earnings per share were €0.05 (third quarter of last year: €0.09).
Entirely new customers and existing customers who renewed contracts in the third quarter included Pilatus Flugzeugwerke AG in Switzerland, sports rights marketing company Sportfive, Steigenberger Hotels AG and cosmetics manufacturer Marbert, based in Düsseldorf, Germany. TDS has also established new sales partnerships, for instance with Philippi GmbH, based in Lohmar, a specialist for PAISY HR solutions.
Order backlog totalled €209,179 thousand at the end of the third quarter of fiscal 2009/10. In comparison, the equivalent figure was €194,979 thousand on 30 September 2009 and €201,755 thousand for the same period last year. Order intake climbed to €49,131 thousand, up from €35,505 thousand in the second quarter of this year. In the third quarter of fiscal 2008/09, order intake totalled €24,510 thousand.
The number of employees at TDS rose to 1,173 on 31 December 2009. The TDS headcount at the same time last year was 1,070.
Executive Board guidance
TDS earnings in the first nine months of fiscal 2009/10 lagged slightly behind expectations. For fiscal 2009/10, TDS anticipates revenues of slightly more than the €130 million it previously forecast. EBIT will not reach the previous year’s level. Because the economy remains uncertain and customers are hesitant to invest, the Executive Board believes EBIT margin will be marginally lower than originally forecast. Overall, the Executive Board expects business to continue to develop steadily.
The appeal proceedings before the Stuttgart Higher Regional Court (Oberlandesgericht, ref. no. 20 U 9/09) were discontinued due to abandonment of appeals and joinders. The Stuttgart Higher Regional Court’s ruling from 26 January 2010 dismissed the appeals, confirming the ruling of the lower Stuttgart court (Landgericht) as res judicata. The resolution passed at the annual shareholders’ meeting approving the subordination agreement dated 11 January between TDS and Fujitsu Services Overseas Holdings Limited therefore remains valid and effective.
