Outlook

On 7 May 2026, the management board of All for One Group SE revised the forecast for the 2025/26 financial year as set out in the 2024/25 annual report. The main reasons for this are, above all, the continuing high levels of economic and geopolitical uncertainty, particularly due to the crisis in Iran and the GCC region, as well as structural changes in the IT sector. A short-term catch-up effect is therefore no longer expected.

Also on 7 May 2026, against the backdrop of the accelerating shift towards cloud- and AI-based business models, and SAP’s corresponding strategic repositioning, the Company approved a programme called »Precision« to enhance its competitive strength. In connection with the implementation of this programme, the management board of the Company expects one-off expenses of up to EUR 20 million in the 2025/26 financial year. These personnel and operating expenses arise primarily in connection with the planned adjustment of the Company’s go-to-market and delivery strategy, with a targeted focus on cloud and AI.

The management board is revising its forecast for the 2025/26 financial year in line with business performance to date. It expects consolidated revenue for the 2025/26 financial year of between EUR 500 and 530 million (previously excluding the »apsolut Group«: EUR 500 to 530 million), now for the first time including the »apsolut Group« from March 2026. With regard to EBIT before M&A effects (non-IFRS), taking into account one-off expenses for the 2025/26 financial year and also including the »apsolut Group« for the first time, EBIT before M&A effects (non-IFRS) is now expected to be EUR 0, with a fluctuation range of EUR 5 million (previously: EUR 27.5 to 34.5 million).

Leading economic research institutes have significantly lowered their economic forecasts for this year due to the war in Iran and the resulting sharp rise in energy prices. Gross domestic product growth in Germany is now expected to be just 0.6% in 2026, according to the institutes – around six months ago they had expected an increase of 1.3%.

Ongoing political uncertainties, high energy prices and structural adjustments are putting pressure on both in­dustry and private consumption. Economic risks remain high given the uncertainty surrounding US trade policy and the outlook for global demand.

Despite the challenging market environment, the digital industry association Bitkom forecast growth in the IT service market of around 4.4% in 2026 (Jan 2026). The market research institute SITSI expected growth of 3.5% for IT services and 6.0% for SAP-related services (Feb 2026).

Gartner, the world’s leading research firm for the IT ser­vices sector, forecasts that the AI services market will grow to over USD 500 billion by 2029 (»Forecast Analy­sis: Artificial Intelligence Services, Worldwide«, 2 Sep 2025). IT service providers can achieve above-average growth and increase their structural value because AI services are becoming the key driver of digital transfor­mation and generate large, scalable and recurring reve­nue streams in the long term.