5 May 2017

DATEV is Growing Strongly Due to Digitalization and Cloud Solutions

Turnover increased to 928.3 million euros, and with a growth rate of 4.9 percent clearly lies above market average.

Dr. Robert Mayr, chairman of the executive board: "Second highest increase in turnover in the past ten years."

Due to the growing digitalization in the areas of taxes and business processes as well as the increased use of cloud offers, DATEV eG generated the second highest absolute growth in the past ten years: With a plus of 43.1 million euros the software supplier and IT service provider achieved a turnover of 928.3 million euros (previous year: 885.2 million euros; reclassification according to the Accounting Directive Implementation Act; annual accounts 2015 originally reported figure: 880.8 million euros) in the financial year 2016 (1 January - 31 December 2016). The growth rate of 4.9 percent was very clearly above the IT market's growth (3.3 percent) and the GDP (1.9 percent).

The reason for this strong growth lies in two closely connected developments: On one side, the digitalization of business processes, promoted with reliable and efficiency increasing software products and cloud solutions, On the other, the increasing digitalization of tax declaration and accounting demanded by the legislature.

In 2016, DATEV eG's operating result could be kept almost on the same level as in the previous year - in spite of increased investment in the future: With higher operating expenses, increased by 5.3 percent (876.0 million euros) due to further employee growth, an operating result of 54.3 million euros (- 2.4 million euros; previous year 56.7 million euros) could be achieved.

Compared to last year, the total number of employees increased by 166 as of 31 December 2016. Thus the company cleared the 7,000 staff mark (7,005; 6,839 last year).

Despite continuing concentration tendencies, the number of members of the cooperative for tax consultants, auditors, and lawyers has slightly increased again to 40,559 (last year 40,501) by the end of the year.

For further details also read the press release (in German).