strong growth in a demanding environment (German)

This corporate news contains forward-looking information ^

DGAP-News: q.beyond AG / Keywords: Quarterly results / Half-year results

q.beyond: strong growth in a demanding environment

08/08/2022 / 07:30 CET / CEST

The best jobs of the day

Find the best job offers now and
be notified by e-mail.

The issuer / publisher is responsible for the content of the application.

————————————————– —————————————

q.beyond: strong growth in a demanding environment

* Increase in sales by 8% to EUR 42.0 million in Q2 2022.

* Business in the cloud is growing at a double-digit pace

* A package of measures will accelerate growth in the second half of 2022.

Cologne, August 8, 2022 – q.beyond AG continued in the second quarter of 2022

the growth continued. Sales increased in a demanding environment

Compared to the previous year by 8% to EUR 42.0 million. EBITDA increased in

in the same period to EUR 1.4 million compared to EUR 1.2 million in the previous year. Free

Cash flow improved to EUR -1.9 million after EUR -3.6 million in the previous year.

q.beyond was able to further increase sales, although all business areas

about the reluctance of companies in the face of the coming recession i

under the influence of high inflation. Economic uncertainty in

This is particularly important in relation to the constraints associated with the pandemic

SAP segment: Revenue here was 8.3 in the second quarter of 2022.

million euros compared to 10.2 million euros in the previous year. On the other hand, sales increased in

larger Cloud & IoT segment up by 18% quarter-on-quarter to EUR 33.8 million.

The sustained high growth dynamics is based on operational successes

Business with Cloud, IoT, and Software-as-a-Service (SaaS) as well as

target acquisitions in the past year.

A package of measures with four focal points

q. in addition to managing director Jürgen Hermann explains: “We had difficult times

general terms and conditions further boosted sales. This is also a success

if profits remained below our original expectations. “

To give a new impetus to development, and the company also in the event of

to prepare for an extended recession, the board of directors has already

A package of measures has been launched with four priority areas.

SAP segment will adjust market orientation and usage

further optimization of existing resources. This one is still under construction

The SaaS business will be even more focused on growth than before

market-oriented products and services and their rapid introduction to the market.

In addition, there is optimized cost and liquidity management as well

Sharpening the sales strategy with cross- and upselling in mind. in

In the first half of 2022, orders totaled EUR 106.3 million

Compared to EUR 116.3 million in the previous year.

Resignation from acquisitions in the energy sector

In addition, the company will now focus on the three industries it focuses on

trade, logistics and industrial trade; they were wearing

contributed 64% of sales in the second quarter of this year. Previous fourth

The consequences of the war in Ukraine have a huge impact on the main energy sector

and will initially not prioritize the modernization of your IT.

Against this background, q. Apart from the beginning of April c

Possible acquisition presented at the investor’s conference

The energy sector, which is also part of the full-year forecast

2022 was.

The changed framework conditions also spoke against the takeover

The outbreak of the Ukrainian war. Given the threat of recession and more

Inflation puts mostly beyond the importance of market maturity

The products and capacity of the new subsidiaries from the very beginning

for the transfer of earnings contributions. Under these conditions it will be

However, in the future, companies will continue to acquire the target companies that make up the portfolio

to strengthen and expand. With a net liquidity of EUR 44.2 million from 30

From June 2022, q.beyond will have the necessary funds for

to finance acquisitions from own resources.

Expected strong second half of 2022

The engine of organic growth will be the second half of 2022.

package promoted measures, q.beyond due to not fully den

Expectations of appropriate business development, especially in the SAP segment

he started. If these measures go into effect as planned, q.beyond

continue to meet the targets set at the end of March for the entire year 2022.

Together with the acquisition in the energy sector, there was a sell-off at that time

EUR 180 to 200 million, EBITDA of EUR 8 to 16 million and free cash flow

planned up to -10 million euros. Without the acquisition now canceled and

Due to the current framework conditions, sales and EBITDA will increase to

moving towards the lower end of this forecast.

Based on the current state of planning, q.beyond expects a

strong second half; as sales increase, the results will be thanks

scalable business model will grow disproportionately. This set

assume that general conditions in the German economy will not change

continue to deteriorate. Under this plan, q.beyond will continue to count

double-digit growth in business in the cloud, significant growth in

Selling SaaS and overcoming the corona pandemic in

SAP segment.

The most important key numbers at a glance

In million EUR Q2 2022 Q2 2021

Revenues 42.0 38.8

– Cloud and IoT 33.8 28.6

– SAP 8.3 10.2

EBITDA 1.4 1.2

EBIT -2.6 -2.9

Group result -3.1 -3.4

Free cash flow -1.9 -3.6

Equity ratio as at June 30 75% 73%

Employees from June 30, 1144 1016

Explains:

These Corporate News contain forward-looking statements (so-called

“forward-looking statements”). This forward-looking information is based on

current expectations and forecasts of future events by

management. Due to risk or erroneous assumptions,

actual results differ materially from forward-looking statements

different. The full half-yearly financial statements are available at

www.qbeyond.de/relacji-investors available.

About company:

q.beyond AG stands for successful digitization. We support

our clients find the best digital solutions for their business

find, implement and maintain them. Our strong team 1100

employees bring our medium-sized customers

safely through digital transformation, with extensive knowledge in

Cloud, SAP and SaaS areas. q.beyond has locations throughout

Germany, has its own certified data centers and is one of the leading

IT service providers.

Contact:

q outside AG

Arne Thull

Investor Relations Manager / Mergers & Acquisitions

T +49 221 669 8724

[email protected]

www.qbeyond.de

————————————————– —————————————

08.08.2022 CET / CEST Publication of corporate news / financial announcement,

provided by DGAP – EQS Group AG service.

The issuer / publisher is responsible for the content of the application.

DGAP’s distribution services include statutory reporting requirements,

Corporate / financial news and press releases.

Media archive at http://www.dgap.de

————————————————– —————————————

German

Company: q. Outside AG

Mathias-Brüggen-Strasse 55

50829 Cologne

Germany

Phone: + 49-221-669-8724

Fax: + 49-221-669-8009

E-mail: [email protected]

Internet: www.qbeyond.de

ISIN: DE0005137004

WKN: 513700

Exchanges: Regulated market in Frankfurt (Prime Standard);

Open market in Berlin, Dusseldorf, Hamburg, Hannover,

Munich, Stuttgart, Tradegate Exchange

EQS message ID: 1414687

End of news DGAP news service

————————————————– —————————————

1414687 08/08/2022 CET / CEST

°

Leave a Comment