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Last €18.80 EUR
Change Today +0.27 / 1.46%
Volume 67.0
As of 3:35 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

adesso ag (ADN1) Snapshot

Open
€18.38
Previous Close
€18.53
Day High
€18.99
Day Low
€18.38
52 Week High
08/20/15 - €19.89
52 Week Low
10/15/14 - €9.95
Market Cap
109.0M
Average Volume 10 Days
4.0K
EPS TTM
€0.68
Shares Outstanding
5.8M
EX-Date
06/3/15
P/E TM
27.5x
Dividend
€0.25
Dividend Yield
1.33%
Current Stock Chart for ADESSO AG (ADN1)

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adesso ag (ADN1) Details

adesso AG operates as an IT service provider focusing on consulting and software development in Germany, Austria, Switzerland, and internationally. It operates in IT-Services and IT-Solutions segments. The company offers business consulting services, including strategy development, requirements engineering, procurement management, process management, mobile business, and creative Web development; and IT consulting services comprising enterprise architecture management, software development process, IT project management, test management, e-commerce, enterprise content management, and business intelligence. It also provides software development services based on java, Microsoft, mainframe, enterprise content management, and value-based process models; and IT management services, such as reduction of operating costs, consolidation of infrastructures, IT organization, sourcing projects, and application management, as well as maintenance services. In addition, the company offers various solutions, including drebis, a claims management system; in|SIGHT-Tools that allow insurers, sales representatives, cooperation partners, and brokers to use GDV datasets efficiently; in|FOCUS 360, a platform unifies specifications, such as customer centring, multi-channel ability, and integration; in|BOUND, which provides Web services for the regionalization of agent-managed lottery gaming; and in|RELATION, a software solution that allows insurance companies to manage the sales and marketing activities. It serves insurance, reinsurance, banks/financial service, healthcare, lottery, public authority, telecommunication, media, and utility industries. The company was founded in 1997 and is headquartered in Dortmund, Germany.

Founded in 1997

adesso ag (ADN1) Top Compensated Officers

Chairman of rhe Executive Board, Chief Execut...
Total Annual Compensation: €283.0K
Member of the Executive Board
Total Annual Compensation: €262.0K
Compensation as of Fiscal Year 2014.

adesso ag (ADN1) Key Developments

adesso AG Wins Contract from T-V Rheinland to Develop New Software System for its Vehicle Inspection Business

adesso AG was awarded a contract from T-V Rheinland to develop a new software system for its vehicle inspection business. In the future, all T-V Rheinland inspection locations and mobile service units will use the new software solution to be developed by company when they carry out the regular vehicle inspections required by German law. The system will use the latest technology in order to meet T-V Rheinland's technical requirements and provide the flexibility required for rapid adaptation. The existing system, which has developed over a number of years, is being replaced because the underlying technology is outdated. The new system will offer an optimized user experience, greater reliability and improved efficiency, along with clearly defined processes. The software will be rolled out at the inspection locations from 2016. T-V Rheinland chose Microsoft .NET as the underlying platform for the implementation of the production system - not least because of the opportunity to integrate Visual Studio, the Team Foundation Server and BizTalk as platforms. The commercial functions of the existing SAP system will be integrated in the new solution. The core applications include the creation of documents such as reports and inspection reports, confirmation of official data in the fields of fixed-location and mobile vehicle inspection, as well as technical services. The services provided can also be invoiced directly using the integrated billing software. That means the system will offer end-to-end support for the entire vehicle inspection process. In addition to creating a new system based on the latest technology, T-V sees the project as an opportunity to evaluate and further optimize its existing processes. That is why workshops with all user groups were held before the development phase in order to assess the technical process requirements of the company's employees, and to allow the software to be developed with a focus on those requirements and practical applications. This process will be supported by agile development methods: Functional, usable updates will be created and delivered at extremely short intervals. The actual users will remain actively involved throughout the project and contribute their experience to the software development process. Regular monitoring of changes to technical requirements and expectations will ensure that the software is well received. The company's expertise and experience in agile development were an important factor in the tender process, and contributed to T-V's decision to award the company the contract.

adesso AG Reports Earnings Results for the Second Quarter and First Half of 2015; Revises Earnings Guidance for the Year 2015

adesso AG reported earnings results for the second quarter and first half of 2015. The company boosted sales to a new quarterly record of EUR 44.9 million in the second quarter of 2015, thereby significantly increasing the quarterly operating result (EBITDA), at EUR 2.6 million, compared to both the previous year and the first quarter of the year. With sales revenues of EUR 87.0 million (+17 %) for the first half of the year, EBITDA amounted to EUR 4.2 million, up 26 % on the previous year's figure of EUR 3.3 million. Earnings per share rose by 75 % year on year in the first half of the year to EUR 0.20. This positive development of earnings was driven by higher and at times very high capacity utilisation in Germany, a gratifyingly high level of licence sales from both adesso insurance solutions and Content Solutions (FirstSpirit) as well as the full consolidation of PSLife GmbH (software for life insurance companies) after the shares in the company were increased to 100 % in the second quarter. The figures for the first half of the year pursuant to IFRS do not include effects from the acquisition of Born Informatik AG in Switzerland. The projected forecast for the year is raised based on the positive development in the second quarter, the currently high capacity utilisation together with the first time consolidation of Born Informatik AG from July 1, 2015. Now sales are expected between EUR 192 and 198 million, compared to previously expected range of EUR 166 to 171 million, and EBITDA between EUR 11.0 and 12.0 million compared to previously expected range of EUR 9.8 to 10.5 million. Positive effects on the earnings per share from the acquisition of Born Informatik AG are only expected in subsequent years, due to write-offs of the order backlog and amortisation of customer bases together with financing costs pursuant to IFRS.

adesso AG Announces Retirement of Rudiger Striemer from its Executive Board

Dr. Rudiger Striemer will retire from adesso AG's Executive Board at his own request effective 30 June 2015, however, remaining active for the company. His focus will be on the foreign subsidiaries in Switzerland, Austria and Turkey as well as on the activities in the lottery industry. In addition, Dr. Striemer will continue to be responsible for the corporate communications of adesso AG.

 

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Valuation ADN1 Industry Range
Price/Earnings 27.8x
Price/Sales 0.6x
Price/Book 2.9x
Price/Cash Flow 16.6x
TEV/Sales 0.4x
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