Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €29.20, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 27x in the IT industry in the United Kingdom. Total loss to shareholders of 21% over the past three years. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 0.01% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.01% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Upcoming Dividend • Mar 11
Upcoming dividend of €1.20 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 20 March 2026. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (3.3%). Declared Dividend • Feb 16
Dividend reduced to €1.20 Dividend of €1.20 is 25% lower than last year. Ex-date: 18th March 2026 Payment date: 20th March 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 15% to shift the payout ratio to a potentially unsustainable range, which is more than the 10.0% EPS decline seen over the last 5 years. Annuncio • Feb 10
All for One Group SE (XTRA:A1OS) agreed to acquire 25.10% stake in BrightFlare FlexCo. All for One Group SE (XTRA:A1OS) agreed to acquire 25.10% stake in BrightFlare FlexCo on February 9, 2026. As part of the acquisition, All for One has the option to acquire a majority stake in BrightFlare in 2030. Annuncio • Feb 09
All for One Group SE, Annual General Meeting, Mar 17, 2026 All for One Group SE, Annual General Meeting, Mar 17, 2026, at 10:00 W. Europe Standard Time. Annuncio • Feb 07
All for One Group SE announces Annual dividend, payable on March 20, 2026 All for One Group SE announced Annual dividend of EUR 1.2000 per share payable on March 20, 2026, ex-date on March 18, 2026 and record date on March 19, 2026. New Risk • Feb 05
New major risk - Revenue and earnings growth Earnings have declined by 0.01% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.01% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Annuncio • Jan 21
All for One Group SE (XTRA:A1OS) signed an agreement to acquire Apsolut GmbH. All for One Group SE (XTRA:A1OS) signed an agreement to acquire Apsolut GmbH on January 19, 2026.
The completion of the transaction is subject to the usual closing conditions and is expected to take place in the first quarter of 2026. Reported Earnings • Dec 16
Full year 2025 earnings released: EPS: €2.32 (vs €3.70 in FY 2024) Full year 2025 results: EPS: €2.32 (down from €3.70 in FY 2024). Revenue: €510.6m (flat on FY 2024). Net income: €11.2m (down 38% from FY 2024). Profit margin: 2.2% (down from 3.6% in FY 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Third quarter 2025 earnings released: EPS: €0.14 (vs €0.11 in 3Q 2024) Third quarter 2025 results: EPS: €0.14 (up from €0.11 in 3Q 2024). Revenue: €123.7m (up 1.1% from 3Q 2024). Net income: €686.0k (up 31% from 3Q 2024). Profit margin: 0.6% (up from 0.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Jul 20
All for One Group SE to Report Q3, 2025 Results on Aug 07, 2025 All for One Group SE announced that they will report Q3, 2025 results on Aug 07, 2025 Reported Earnings • May 16
Second quarter 2025 earnings released: EPS: €0.17 (vs €0.64 in 2Q 2024) Second quarter 2025 results: EPS: €0.17 (down from €0.64 in 2Q 2024). Revenue: €124.0m (up 1.0% from 2Q 2024). Net income: €833.0k (down 74% from 2Q 2024). Profit margin: 0.7% (down from 2.6% in 2Q 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • May 13
All for One Group SE to Report First Half, 2025 Results on May 15, 2025 All for One Group SE announced that they will report first half, 2025 results on May 15, 2025 Annuncio • Apr 03
All for One Group SE Appoints Dr. Ulrich Faisst as New Chief Technology Officer, Effective April 1, 2025 All for One Group SE is expanding its top management with effect from 1 April 2025. Dr. Ulrich Faisst will become the new Chief Technology Officer and in this newly created position will be responsible for the entire technology and platform strategy of the Group. The experienced manager joins All for One from international IT service provider Cognizant Technology Solutions, where he was most recently Chief Technology Officer (CTO) for Central Europe, responsible for the company’s growth strategy and technology leadership in the region. As CTO of the All for One Group, Ulrich Faisst will be responsible for technology, platform and development as well as the product business. »I am very much looking forward to joining All for One. With SAP Cloud Conversion and the rapidly advancing Business AI, the company is in a very exciting phase of customer transformation. Sooner or later, Business AI will find its way into all portfolio components and will therefore definitely be one of the focal points within the Group and my areas of responsibility«, says Ulrich Faisst about his new role as CTO of All for One. Upcoming Dividend • Mar 12
Upcoming dividend of €1.60 per share Eligible shareholders must have bought the stock before 19 March 2025. Payment date: 21 March 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (3.6%). Reported Earnings • Feb 11
First quarter 2025 earnings released: EPS: €1.33 (vs €1.33 in 1Q 2024) First quarter 2025 results: EPS: €1.33 (in line with 1Q 2024). Revenue: €136.2m (up 1.8% from 1Q 2024). Net income: €6.49m (down 2.0% from 1Q 2024). Profit margin: 4.8% (down from 5.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 06
Dividend increased to €1.60 Dividend of €1.60 is 10% higher than last year. Ex-date: 19th March 2025 Payment date: 21st March 2025 Dividend yield will be 2.7%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Feb 05
All for One Group SE, Annual General Meeting, Mar 18, 2025 All for One Group SE, Annual General Meeting, Mar 18, 2025, at 10:00 W. Europe Standard Time. Annuncio • Jan 21
All for One Group SE to Report Q1, 2025 Results on Feb 10, 2025 All for One Group SE announced that they will report Q1, 2025 results at 12:00 PM, Central European Standard Time on Feb 10, 2025 Reported Earnings • Dec 17
Full year 2024 earnings released: EPS: €3.70 (vs €2.23 in FY 2023) Full year 2024 results: EPS: €3.70 (up from €2.23 in FY 2023). Revenue: €517.5m (up 6.1% from FY 2023). Net income: €18.2m (up 64% from FY 2023). Profit margin: 3.5% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Third quarter 2024 earnings released: EPS: €0.11 (vs €0.55 loss in 3Q 2023) Third quarter 2024 results: EPS: €0.11 (up from €0.55 loss in 3Q 2023). Revenue: €122.3m (up 1.6% from 3Q 2023). Net income: €525.0k (up €3.27m from 3Q 2023). Profit margin: 0.4% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Annuncio • Jul 22
All for One Group SE to Report Q3, 2024 Results on Aug 08, 2024 All for One Group SE announced that they will report Q3, 2024 results on Aug 08, 2024 Declared Dividend • Mar 08
Dividend of €1.45 announced Shareholders will receive a dividend of €1.45. Ex-date: 15th March 2024 Payment date: 19th March 2024 Dividend yield will be 2.6%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 114% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 11
First quarter 2024 earnings released: EPS: €1.33 (vs €1.20 in 1Q 2023) First quarter 2024 results: EPS: €1.33 (up from €1.20 in 1Q 2023). Revenue: €133.8m (up 11% from 1Q 2023). Net income: €6.62m (up 11% from 1Q 2023). Profit margin: 5.0% (in line with 1Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Declared Dividend • Feb 09
Dividend of €1.45 announced Shareholders will receive a dividend of €1.45. Ex-date: 15th March 2024 Payment date: 19th March 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Aug 10
All for One Group SE Provides Sales Guidance for Financial Year 2022/23 All for One Group SE provided sales guidance for financial year 2022/23. The forecast for sales revenues (IFRS) for financial year 2022/23 remains unchanged at EUR 470 million to EUR 500 million (2021/22: EUR 452.7 million). The medium-term outlook, with robust organic growth in the mid-single-digit percentage range, is reaffirmed. Annuncio • May 16
All for One Group SE Provides Earnings Guidance for the Financial Year 2022/23 All for One Group SE provided earnings guidance for the financial year 2022/23. For the year, the company is adjusting the forecast for EBIT before M&A effects (non-IFRS) for financial year 2022/23 accordingly. The previous forecast predicted EBIT before M&A effects (non-IFRS) between EUR 27.5 million and EUR 30.5 million (2021/22: EUR 27.3 million). The new forecast is expected to be between EUR 17.5 million and EUR 21.5 million. However,the expectation for sales revenues for financial year 2022/23 in a range between EUR 470 million and EUR 500 million (2021/22: EUR 452.7 million) is confirmed. Reported Earnings • Feb 17
First quarter 2023 earnings released: EPS: €1.20 (vs €1.04 in 1Q 2022) First quarter 2023 results: EPS: €1.20 (up from €1.04 in 1Q 2022). Net income: €5.97m (up 15% from 1Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Annuncio • Jan 22
All for One Group SE to Report Q1, 2023 Results on Feb 13, 2023 All for One Group SE announced that they will report Q1, 2023 results on Feb 13, 2023 Reported Earnings • Dec 19
Full year 2022 earnings released: EPS: €2.20 (vs €2.68 in FY 2021) Full year 2022 results: EPS: €2.20 (down from €2.68 in FY 2021). Revenue: €452.7m (up 21% from FY 2021). Net income: €11.0m (down 18% from FY 2021). Profit margin: 2.4% (down from 3.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Third quarter 2022 earnings released: EPS: €0.004 (vs €0.70 in 3Q 2021) Third quarter 2022 results: EPS: €0.004 (down from €0.70 in 3Q 2021). Revenue: €109.8m (up 16% from 3Q 2021). Net income: €18.0k (down 100% from 3Q 2021). Profit margin: 0% (down from 3.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in the United Kingdom. Reported Earnings • May 13
Second quarter 2022 earnings released: EPS: €0.68 (vs €0.63 in 2Q 2021) Second quarter 2022 results: EPS: €0.68 (up from €0.63 in 2Q 2021). Revenue: €112.4m (up 25% from 2Q 2021). Net income: €3.38m (up 6.7% from 2Q 2021). Profit margin: 3.0% (down from 3.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, compared to a 15% growth forecast for the industry in the United Kingdom. Upcoming Dividend • Mar 10
Upcoming dividend of €1.45 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 21 March 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.8%). In line with average of industry peers (2.4%). Reported Earnings • Feb 12
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: €1.04 (up from €0.75 in 1Q 2021). Revenue: €120.4m (up 26% from 1Q 2021). Net income: €5.20m (up 39% from 1Q 2021). Profit margin: 4.3% (up from 3.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 13%, compared to a 18% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €2.68 (up from €2.55 in FY 2020). Revenue: €372.9m (up 4.9% from FY 2020). Net income: €13.3m (up 4.9% from FY 2020). Profit margin: 3.6% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 08
Third quarter 2021 earnings released: EPS €0.70 (vs €0.67 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €95.8m (up 13% from 3Q 2020). Net income: €3.47m (up 4.3% from 3Q 2020). Profit margin: 3.6% (down from 3.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • May 09
Second quarter 2021 earnings released: EPS €0.63 (vs €0.57 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €91.0m (up 1.3% from 2Q 2020). Net income: €3.16m (up 12% from 2Q 2020). Profit margin: 3.5% (up from 3.2% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 29% share price gain to €61.00, the stock is trading at a trailing P/E ratio of 23.5x, up from the previous P/E ratio of 18.3x. This compares to an average P/E of 43x in the IT industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 3.7%.