Annual General Meeting 2021 - ORBIS AG significantly exceeds sales and earnings expectations in fiscal year 2020

In view of the positive business performance and the solid balance sheet structure, the Executive Board and Supervisory Board proposed a dividend of 20 ct per share to the Annual General Meeting. This proposal was approved by the Annual General Meeting.

At the Annual General Meeting, the shareholders of ORBIS AG ratified the actions of the members of the Management Board and the Supervisory Board for the 2020 financial year.

The shareholders' meeting reappointed RSM GmbH, Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Georg-Glock-Straße 4, D- 40474 Düsseldorf, as auditors of the financial statements and consolidated financial statements for the fiscal year 2021. Furthermore, the shareholders approved the compensation system for Executive Board members resolved by the Supervisory Board. The shareholders' meeting also resolved to create new Authorized Capital 2021.

As the term of office of the Supervisory Board members ended at the end of the Annual General Meeting, the shareholders elected Mr. Ulrich Holzer, Managing Director of Asset Saar GmbH, Mr. Peter Kraus, Management Consultant (self-employed), and Mr. Martin J. Hörmann, General Partner of the Hörmann Group, for the next 5 years.

The Chief Financial Officer Mr. Stefan Mailänder explained the business development for the year 2020 at the Annual General Meeting:

ORBIS also generated a very good result in 2020, a year marked by the Corona pandemic. Sales increased further and the acquisition of Data One GmbH and investments in new products further strengthened the ORBIS service portfolio.

ORBIS records an increase in sales (consolidated sales including the acquisition of Data One GmbH) of 18.9% year-on-year to € 85,897 thousand (previous year: € 72,266 thousand) in the 2020 financial year at Group level. The number of employees will increase by 18.3 % to 665 employees as of December 31, 2020 (previous year: 562 employees).

The operating result (EBIT) increased significantly by 19.1 % to € 4,283 thousand (previous year: € 3,595 thousand).

The share of consolidated net income attributable to the shareholders of ORBIS AG amounts to € 1,942 thousand after taxes and minority interests and is thus slightly below the previous year (€ 1,972 thousand). This corresponds to earnings per share of around 21 cents per share (previous year: 22 cents/share).

Cash flow from operating activities was clearly positive at € 11,792 thousand, which, together with the capital increase on April 02, 2020, among other things, led to a significant increase in cash and cash equivalents to € 26,063 thousand as of the balance sheet date (previous year: € 10,470 thousand). The equity ratio as of December 31, 2020 was 49.7%.

Mr. Mailänder clarified that ORBIS continues to be very well positioned in the Corona year 2020 and also for the further future from the point of view of market orientation and from the point of view of financial strength.

Mr. Michael Jung, member of the Management Board of ORBIS AG, then gave an overview of the operating business of the SAP and Microsoft divisions. Mr. Jung emphasized that ORBIS had succeeded in winning numerous new customers and projects even in the Corona crisis year. He explained that with the efforts to further digitalize processes, the processes in companies would change significantly. For example, applications would move to the cloud, bringing with them a transformation that would in turn open up new business models for both ORBIS' customers and ORBIS. Accordingly, the portfolio of services will also be expanded in order to actively support customers on their way to the cloud.

In his remarks, the CEO of ORBIS AG, Mr. Thomas Gard, emphasized that ORBIS had been able to hold its own well during the Corona crisis last year and to further expand its business. He added that the Corona pandemic had further accelerated digitization. Digitalization in particular had been at the top of the agenda at ORBIS long before the crisis, according to Mr. Gard.

ORBIS is very well positioned for the future as a business process consulting company thanks to its partnerships with SAP and Microsoft.

The know-how and solutions of ORBIS are also an excellent basis for continuing the growth in the future. Continuous investments in innovations, know-how and the development of new employees are essential for this, despite the difficult situation on the IT labor market.

For ORBIS, despite the ongoing Corona crisis, there are great opportunities overall for sustainable corporate development, according to Mr. Gard.

About ORBIS

ORBIS accompanies medium-sized companies as well as international corporations in the digitization of their business processes: from the joint development of the customer-specific Big Picture to the practical implementation in the project. The digitization and automation of business processes across the entire value chain ensure the competitiveness of our customers. The in-depth process know-how and innovative strength of our more than 650 employees combined with the expertise gained from over 30 years of successful, international project work in various industries make us a competent partner. We rely on the solutions and technologies of our partners SAP and Microsoft, whose portfolios are rounded off by ORBIS solutions. Our focus is on SAP S/4HANA, Customer Engagement and the realization of the Smart Factory. On the basis of smart cloud technologies, such as Machine Learning, Cognitive Services or IoT, we promote the innovative power of our customers in the development of innovative products, services and business models. Our expertise results from over 2,000 customer projects at more than 500 customers in the automotive supply industry, construction supply industry, electrical and electronics industry, mechanical and plant engineering, logistics, metal industry, consumer goods industry and retail. Long-standing customers include the ZF Group, Hörmann, Hager Group, Rittal, Kraftverkehr Nagel, ArcelorMittal, Montblanc, Bahlsen and Sonepar.