According to preliminary data, All for One reports a decrease in total revenues from 359.2 million euros to 355.4 million euros for the 2019/2020 financial year. On a comparable basis, the pre-tax profit fell from 19.6 million euros to 19.3 million euros, the company reported on Friday. Due to special effects in the 2018/2019 financial year, an increase from 12.6 million euros to 19.3 million euros is reported.
“Overall, despite the sharp decline in license income, the result was a positive development. In addition to the continued robust growth in recurring revenues, the consistent implementation of the changed working method with economies of scale from increased remote consulting shares and lower travel costs, ”said the All for One Group about the – still provisional – results of the past financial year .
For the 2020/2021 financial year, the company expects a slight increase in sales, while earnings before interest and taxes should be between EUR 17.5 million and EUR 20.5 million. “From spring 2021, the global pandemic is likely to ease significantly and there will be a noticeable recovery in incoming orders,” it continues. A wave of migration to SAP S / 4HANA is expected after the return to normal, the company continues on the outlook.
At a glance – chart and news: All for One Group