DATAGROUP Records 15% Growth in First Quarter of 2024/2025

DATAGROUP SE has reported a 15% increase in revenue for the first quarter of fiscal year 2024/2025. Organic growth contributed 8% to this increase, reflecting a strong performance in new customer business. Orders from new clients reached EUR 11.6 million, while cross- and upselling contracts added EUR 7.1 million. Despite these gains, earnings were affected by transition and start-up costs linked to new projects.

Operating expenses rose due to a higher proportion of hardware sales, pushing material expenses up by 26.6% to EUR 44.2 million. Personnel costs also increased to EUR 70.2 million due to acquisitions and staffing in strategic areas. The EBIT amounted to EUR 9.2 million with a margin of 6.6%, down from 8.4% the previous year. A guidance update for 2024/2025 will be provided at the Annual General Meeting on March 18, 2025.

The acquisition of TARADOR GmbH underscores DATAGROUP's strategy for growth and expanding service offerings, particularly in IT security, aligning with their sustainable growth focus.