itelligence AG / AGM/EGM

27.05.2010 15:30 

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itelligence AG: Annual General Meeting approves agenda items with large

- Annual General Meeting resolves dividend of EUR 0.10 per share  
- Review of successful fiscal year 2009 
- Goals for 2010: further growth in revenues and stable income
- New Supervisory Board members elected 

Bielefeld, May 27, 2010 - At today's Annual General Meeting of itelligence
AG in Bielefeld, Herbert Vogel (CEO) and Norbert Rotter (CFO) reported on
the past fiscal year, the company's strategy and its outlook for 2010. The
Supervisory Board and the Management Board also proposed to the Annual
General Meeting a dividend of EUR 0.10 per share for the fiscal year 2009.
The Annual General Meeting approved this and all other items on the agenda
by a large majority.

As of the end of today's Annual General Meeting, Takashi Enomoto and
Kazuyuki Arata of NTT DATA Corporation resigned their mandates as members
of the Supervisory Board of itelligence AG and thereby left the Supervisory
Board. Kazuhiro Nishihata, Senior Vice President and Managing Director of
NTT DATA Corporation and Akiyoshi Nishijima, Deputy Senior Executive
Manager of NTT DATA Corporation, were elected as new members of the
Supervisory Board. NTT DATA Europe - a subsidiary of NTT DATA Corporation -
currently holds 87.7% in itelligence AG together with NTT Communications.

In their speeches, the members of the Management Board made it clear that
2009 had been a challenging fiscal year for the industry as a whole and for
itelligence AG. Nonetheless, itelligence increased its revenues from MEUR
216.6 to MEUR 220.0 in the fiscal year 2009. EBIT remained stable at MEUR
12.3 (previous year: MEUR 13.6). IFRS earnings amounted to MEUR 7.2 after
MEUR 10.8 in the previous year. Accordingly, earnings per share for the
fiscal year 2009 were EUR 0.28 after EUR 0.44 in fiscal year 2008.

Herbert Vogel, CEO of itelligence AG, commented: 'In the fourth quarter of
2009 in particular, we picked up considerably in revenues and orders on
hand, thereby achieving a satisfactory result overall for the fiscal year
2009. Adapting the cost situation early on was a key factor. Furthermore,
the acquisition and integration of 2B Interactive also contributed to our
good results.'

In particular, the Management Board was given cause for optimism by orders
on hand, which increased by 5.7% in the first quarter of 2010 from MEUR
166.2 as of the end of the same quarter of the previous year to MEUR 175.7,
outperforming the high level recorded at end of 2009 by 7.9% (MEUR 162.8).

Norbert Rotter, CFO of itelligence AG, remarked on this: 'With the year now
underway and figures on schedule, we are optimistic about achieving our
goals for 2010. itelligence will continue to invest in expanding its market
positioning among SMEs and is planning to implement this through organic
and external growth.'

In light of current market forecasts and assuming a stable overall economic
environment, itelligence expects to generate revenues of MEUR 230-240 in
the current year, representing year-on-year growth of between 4.5% and
9.1%. The EBIT margin is forecast to remain on par with the previous year's
level at between 5.2% and 5.6%.

itelligence is one of the leading international full-service providers of
solutions in support of SAP solutions, employing more than 1,600 highly
qualified employees in 19 countries and in five regions (Americas, Asia,
Western Europe, Eastern Europe and Germany/Austria). As a frequently
awarded SAP partner, itelligence realizes complex projects in the SAP
solution-based environment for over 3,000 customers worldwide. In 2006,
itelligence obtained gold-level status as an SAP channel partner as part of
the SAP PartnerEdge(TM) program in Germany, and in the U.S. in 2007. The
company's services in support of SAP solutions range from consulting and
licensing to outsourcing and services to proprietary industry-specific SAP
solutions. In 2009, itelligence generated total sales of EUR 220.0

Katrin Schlegel
Tel:  +49 (0) 521-91 448 106
Fax: +49 (0) 521-91 445 201

itelligence AG
Königsbreede 1
33605 Bielefeld

27.05.2010 15:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href=""|]|[/a|]]]|] and |[![CDATA[|[a href=""|]|[/a|]]]|]

Language:     English
Company:      itelligence AG
              Königsbreede 1
              33605 Bielefeld
Phone:        +49 (0)521 91448-106
Fax:          +49 (0)521 91445-201
ISIN:         DE0007300402
WKN:          730 040
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News                                     DGAP News-Service