Germany · Delayed Price · Currency is EUR All for One Group SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 revenues were flat year-over-year as the business shifts to cloud-based services, with recurring revenues and margins improving. The core segment shows strong S/4HANA migration activity, while non-core segments face weak demand. Guidance anticipates organic growth and higher margins for the year.
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Revenue and margins declined in Q1 due to delayed projects and a shift to cloud models, but strong cash reserves and the apsolut acquisition position the company for international growth and margin recovery. Cloud and managed services remain stable, with further M&A expected.
Fiscal Year 2025
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Revenue declined 2% year-over-year to EUR 504 million, but recurring revenues now exceed 53% of total, nearly offsetting license declines. EBIT fell 24% due to extraordinary items, while free cash flow and cash position remain robust. Outlook is cautious amid market uncertainty, with growth expected from cloud services and M&A.
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Revenues grew slightly as cloud migration slowed topline growth, but recurring revenues and EBIT margins improved, especially after adjusting for one-time severance costs. Customer Experience segment remains challenged due to SAP's transition, but long-term growth and profitability targets are maintained.
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Revenue remained flat and EBIT declined 21% year-over-year due to project delays and a shift to cloud commissions, but recurring revenues now make up 52% of total. Management expects to meet EBIT guidance through cost optimization and a robust project pipeline, despite slow growth.
Fiscal Year 2024
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Revenue grew 4% year-over-year to EUR 379 million in nine months, with EBIT before M&A up 81%. Cloud and recurring revenues are rising, while consulting utilization is expected to improve. Full-year guidance targets EUR 505–525 million in sales and EBIT of EUR 32–36 million.