Softline AG publishes annual report 2021: Revenue increased again compared to previous year
Leipzig, 23. May 2022 – Softline AG, the parent company of an internationally active IT consulting group with focus on IT- and Software Asset Management, Information- and IT-Security, Cloud and Future Data Center as well as Digital Workplace, publishes its annual report 2021 today.
Due to the merger of the two German subsidiaries Softline Solutions GmbH and Softline Services GmbH at the beginning of 2021, Softline AG functioned as an operating company again for the first time in the 2021 financial year. Together with its international subsidiaries, the successful development of the previous years could be continued at group level and revenue increased from EUR 27.0 million to over EUR 32.0 million.
Martin Schaletzky, CEO of Softline AG, assesses the business development of the Softline Group as positive: "Despite the noticeable effects of the corona pandemic on our customers, we have consciously pursued our growth plans and invested intensively in new employees, especially in the areas of consulting and sales. We have thus successfully laid the foundation for future national and international growth. After a very successful first half-year with a positive development of revenue and results, we recorded a significant decline in revenue in the third quarter. In the fourth quarter, however, we succeeded in once again significantly increasing both revenue and earnings."
The subsidiaries in the Northern Europe region, which specialise in IT-Asset Management, IT-Service Management and Managed Services, were able to significantly increase their revenue compared to the previous year from approx. EUR 7.8 million to EUR 9.4 million. The result at EBITDA level also developed positively again, despite the influence of the corona pandemic. The companies were able to slightly increase their EBITDA from EUR 0.4 million to EUR 0.5 million.
Softline AG, which specialises in IT- and Software Asset Management, Information- and IT-Security, Cloud and Future Data Center as well as Digital Workplaces, achieved a total revenue of EUR 23.7 million, of which EUR 23.4 million came from the provision of consulting services and the sale of hardware and software. In addition, the company generated other operating income of EUR 7.2 million (previous year: EUR 1.2 million). The other operating income includes income from the merger in the amount of EUR 6.5 million. This is offset by other operating expenses of EUR 6.2 million (previous year: EUR 0.8 million). Other operating expenses include expenses from the merger in the amount of EUR 3.1 million. Taking depreciation and amortisation of EUR 0.9 million into account, this results in an EBIT of EUR 2,175,000 (previous year: EUR -778,000) and an EBITDA of EUR -266,000 (previous year: EUR -171,000). The positive merger effect of EUR 3,382,000 is deducted from the EBITDA.
Regionally, the Softline Group will continue to focus on the DACH and Northern Europe regions (Benelux, Great Britain and Nordics). In addition, it is planned to significantly expand the partnership with the main shareholder of Softline AG, which is active in over 60 countries worldwide.
The complete annual report 2021 of Softline AG is available as of today on the company's website at www.softline-group.com/en/ir. The consolidated financial statements of the Softline Group will be published in June 2022.