Report
Richard Williamson

All for One Group - Focused on long-term growth

All for One (AFO) continues to execute on its ambitious growth plan, acquiring businesses with human capital management (HCM) and internet of things (IoT) expertise to expand its service offering. In the shorter term, management has reduced EBIT guidance to reflect weakness in the German economy but remains confident that margins should improve from FY20. Strong growth in cloud services and support is driving a growing level of recurring revenues, which provides some cushion against weakness in new business.
Underlying
All for One Group SE

All for One Steeb is a SAP service provider for the midmarket. Co.'s range of product and services include consulting, the sale of software licenses, outsourcing and IT services. Co.'s products and services provide customer support extends from management and technology consulting, software licenses, industry solutions, and optimization projects to software maintenance, outsourcing and managed services from Co.'s data centers' private cloud, and also covers all enterprise processes. Co.'s portfolio also encompasses add-on solutions and services for the SAP Enterprise Resource Planning Human Capital Management platform and SAP SuccessFactors.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Richard Williamson

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