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DATAGROUP (D6H)

Business description

DATAGROUP is a full IT outsourcing provider, focused on the German Mittelstand market. The company offers the full range of IT services on a modular basis, through its CORBOX “cloud-enabling platform”. Services include service desk, end-user services, data centre services, application management and SAP services.

Stock data

Market cap.€298.1m
Last close€35.70
High / Low (52 weeks)€46.6 / €34.2
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(6.9)(5.6)(4.2)
Relative *(3.5)1.4(4.2)

* % Relative to local index

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Company news

Investment summary

DATAGROUP performed in line with expectations in H1, with revenue growing by 24%, including 1.5% organic growth, or 5–6% when adjusting for discontinued activities from acquisitions. Management conservatively maintained revenue guidance, despite 50% of this already being generated in H1, with ALMATO only contributing for one month in the period. While the rating looks fairly priced at c 10x EBITDA, DATAGROUP offers an excellent track record, high recurring revenues, a clear focus on the large German Mittelstand sector and an increasing number of key differentiators following the acquisitions of ikb Data and ALMATO.

Last updated on 23/05/2018

Key management

Max Schaber, CEO
Michael Klein , Investor Relations

Company address

Wilhelm-Schickard-Straße 7
Pliezhausen
72124
Germany
+49 (7127) 970000
View website