Softline Group publishes 3-month report 2021 - Market position and revenues strengthened again
- Revenue of EUR 6.8 million almost 8.6 percent above the previous year's level // Orders on hand increased from EUR 36.8 million to EUR 37.4 million // Executive Board expects to achieve revenue and earnings targets by the end of the year
Leipzig, 07 July 2021 - The Softline Group, an internationally operating IT consulting company with a focus on IT and Software Asset Management, Information- and IT Security, Cloud and Future Datacentre as well as Digital Workplace, publishes its business development for the first quarter of 2021.
For the Softline Group, the signs are again pointing towards growth in the first three months of 2021. In the past financial year, the IT consulting group already invested intensively in the development of new consulting and service offerings as well as the expansion of the team in order to position itself for further international growth. In the first quarter of 2021, the IT specialists were again able to strengthen and expand their market position and revenue potential. After the first three months of the 2021 financial year, revenue at Group level was around EUR 6.8 million, approximately EUR 0.5 million higher than in the previous year (Q1 2020: EUR 6.3 million) and thus slightly above plan. In addition, the order backlog increased again in the reporting period from EUR 36.8 million to EUR 37.4 million.
Martin Schaletzky, CEO of Softline AG, comments on the results of the first three months of 2021 as follows: "After a challenging financial year 2020, which we were able to close well in terms of both revenues and earnings despite pandemic-related influences, the Softline Group has made a good start to the new year. On the personnel side, we have already increased by about 9.0 percent compared to the previous year, and we plan to expand our team by another 15 to 20 percent by the end of the year. By merging the two subsidiaries Softline Solutions GmbH and Softline Services GmbH into Softline AG in March 2021, we have significantly reduced the complexity in the company and prepared ourselves for further international growth with an aligned portfolio. The entry of the global IT company Softline International as the main shareholder in Softline AG in April 2021 offers us a further opportunity to grow internationally together with bundled expertise and to open up new markets."
At the EBITDA level, the Softline Group was able to generate an operating result of approximately EUR -157.000 in the first three months despite extensive investments in new employees in the DACH and Northern Europe region; the result is thus approx. EUR 135.000 above plan (Actual Q1 2020: EUR +18.000). On the basis of the current outstanding order backlog, high capacity utilisation across all divisions and a very well-filled pipeline, the Executive Board of Softline AG expects to achieve the set revenue and earnings targets by the end of the year.
The 3-Month Report 2021 is available as of today on the company's website in the Investor Relations section at
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