4Service Cloud Tech Aktie

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WKN DE: A141GZ / ISIN: CH0299791381

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16.06.2016 18:36:00

4Service Cloud Tech AG: Publication of the Preliminary Consolidated Financial Results for the Fiscal Year 2015

Regulatory News:

4Service Cloud Tech AG (BOURSE:MLOVE), quoted on the Marché Libre segment of Euronext Paris (ISIN CH0299791381) herewith publishes the preliminary consolidated results for the fiscal year 2015 which ended December 31st 2015.

The consolidated revenues of the group of companies specializes in providing IT-services increased slightly to 868.554 USD (849.631 USD).

The consolidated EBITDA decreased by almost 13 percent to 327.092 USD compared to the same period of the previous year (375.550 USD). This decrease reflects a one-time expense related to the incorporation of the Swiss holding structure and the costs related to going public.

The group’s net profit increased by approximately seven percent to 71.861 USD (67.000 USD).

The company’s annual general assembly that will – among others – approve the annual financial results for the fiscal year ended December 31st 2015 will take place on Friday, July 15th 2016, 02.00 p.m., in the chambers of Gysi & Partner Attorneys at Law Ltd, Bachstr. 19 in 9008 St. Gallen (Switzerland). The complete Corporate Resolution – including all items of the agenda – will be published according to the articles of association in the Swiss Commercial Gazette.

In addition, the company is pleased to announce that the management has signed an LOI for the acquisition of a synergistic IT company. Management expects completion of this acquisition to be accomplished within the next four weeks. Management’s expectations are that consolidated revenues as well as net profit could increase by an estimate of 50 percent as a result. The acquisition will be financed out of own funds, meaning no additional shares will be issued for this purpose.

About 4Service Cloud Tech AG:

The 4Service Cloud Tech AG is performing via its subsidiaries 4Service Inc. and IT@Once in the growth market of cloud computing. The management is practicing a "buy and build” strategy to benefit from both organic as well as growth through implementation of its Merger and Acquisition plan. The shares of the company are quoted since October 2015 on the Marché Libre segment of Euronext Paris.

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