Proposed quote:Klaus Werner, Chief Financial Officer of T-Systems:
„We have considerably increased our profitability. The adjusted EBIT margin is developing according to plan. We will continue to focus on efficiency in the second half-year“.

Systems Solutions – Revenue growth and improved earnings       

T-Systems' business developed encouragingly overall in the first half of 2010 and saw continued revenue growth and a clear improvement in its earnings in the second quarter.

Total revenue increased by just under 3 percent in the second quarter to EUR 2.2 billion. Revenue generated outside the Group increased to a far greater extent, by 7.2 percent, and international revenue by 7.9 percent.  

Despite the fact that the global economy has not yet fully recovered, the level of new orders was 2.9 percent higher at the end of the first half-year than in the prior-year period. New big deals include those with Deka-Bank, TUI-Travel, the federal state of Hesse and Deutsche Post DHL. The substantial improvement in profitability was reflected in the significant increase in adjusted EBIT, which, at EUR 123 million at the end of the first half-year, was up 34 percent on the prior-year period. The growth rate was also very high in the second quarter at 31 percent. This demonstrates once more that the Save for Service efficiency enhancement program is taking effect. The adjusted EBIT margin totaled 3.4 percent, up from 2.7 percent the prior-year quarter.

T-Systems also made progress in the field of connected work with unique ICT solutions. Many customers are increasingly opting for cloud services and
T-Systems' customers already get two thirds of all SAP services from the cloud. That means they receive services as they need them and pay only for what they have used. The operating segment also offers attractive systems integration services, with one in five of the world’s largest international airports with 25 million or more passengers annually using airport solutions and services provided by T Systems.

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