DATAGROUP - Further leveraging its flagship product
DATAGROUP comfortably met its full year guidance, upgraded in May 2019. This was backed by the dynamic expansion of its core CORBOX customer portfolio, with 29 new customer wins (vs the targeted 20) and 16 existing client upsells through the year. Most notably, the company’s top line benefited from the more than €100m 10-year contract with NRW.Bank in the period. In addition, positive effects came from the consolidation of businesses acquired through FY19. Following an c 89% price appreciation in the last 12 months, DATAGROUP trades at 31.8x P/E and 11.5x EV/EBITDA in FY20e.Datagroup SE is Germany-based information technology (IT) service provider. Its service and product portfolio includes IT Consultation, which includes IT landscape transformation and IT landscape consulting; System Integration, such as mobile solutions, software development and interactive voice response language portals; Systems, Applications and Product (SAP) solutions, including SAP application lifecycle management, SAP business solutions, SAP Hana and SAP landscape transformation, as well as training and workshops. The Company offers CORBOX, a modul-based solution for IT outsourcing, including data center services, network services, end user services, application management services, SAP services, printing services, communication and collaboration services, big data services, service desk, security services, monitoring services, robotic process automation and continuity services.
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