1Lun·

All for One Group

$A1OS (+1,32 %)

I find this position interesting, even in a weak economic situation.

Does anyone own this share or can report something constructive about it?

2 Comentarios

Smudo@Smudeo

1Lun

The SAP service provider plans to grow organically in the mid-single-digit range. The company is also targeting an EBIT margin of more than 8% from the 2025/26 financial year (as at September 30), adjusted for M&A effects. In the past financial year, turnover increased by 5% to EUR 511.4 million, with an adjusted EBIT margin of 6.7%.

One driver for higher profitability in the future is the change in the sales structure. The focus is increasingly on recurring monthly revenue from cloud subscriptions and associated services - i.e. software rental and supplementary services. This area has been growing at double-digit rates for years and will account for an increasingly large proportion of Group revenue. It currently accounts for 28%, compared to 18% six years ago. On the other hand, license sales from reseller activities, which are susceptible to fluctuations and currently account for 30% of total sales, are likely to decline further, explains CFO Stefan Land.

The IT service provider is benefiting considerably from the ongoing trend towards the cloud. All for One focuses primarily on medium-sized customers, which the company supports comprehensively: from migration to the cloud to software sales and individual services that provide unique selling points. Originally, the focus was on migrating the SAP infrastructure of existing customers to the cloud. However, it is interesting to note that around half of the RISE and GROW customers - SAP programs that help companies move to the cloud - are not regular customers, but completely new customers, says Land. "This shows that we are not only supporting our own customers, but are also increasingly acquiring new customers who were previously supported by other partners."

Investors are to benefit from the company's success: 40 to 50% of earnings per share (EPP) are to be distributed regularly as a dividend, says the CFO. A dividend of EUR 1.60 per share (EUR 61.60; DE0005110001) is proposed for the next payout after the Annual General Meeting (March 18). This currently corresponds to a yield of 2.6%. With a 2024/25 P/E ratio of 14 (10-year average: 22) and an expected EPS increase of around 15% this year, the All-for-One share remains attractive - also for newcomers.

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Mark777@Mark777

1Lun

@Smudeo many thanks, is there a source for this !

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