adesso AG announced earnings results for the second quarter and first half of 2014. For the quarter, the company announced turnover of EUR 37 million and an EBITDA of EUR 0.6 million was significantly weaker than the first quarter. This was due to the lower number of working days, small license revenues as well as increased costs for some projects and investments in additional solutions for the insurance industry.

For the first half, the company reported revenues of EUR 75 million and an EBITDA of EUR 3.3 million. Compared to the previous year, sales have increased by 15% purely organic and operating profit EBITDA by 13%.

The forecast for the full year 2014 with increased sales of EUR 144 million to EUR 148 million compared to EUR 135 million and an increased EBITDA of EUR 8.5 million to EUR 9.0 million compared to EUR 7.8 million a year ago is currently maintained for the EBITDA and raised to EUR 153 million to EUR 158 million in sales.