OREANDA-NEWS. August 20, 2012. The second quarter of 2012 saw a pleasing trend in new orders for T-Systems. The volume of new orders increased by 8.2 percent year-on-year to EUR 2.2 billion. Deals such as those concluded with British energy group BP and Swiss industrial group Georg Fischer show that T-Systems is once again securing an increasing number of major deals.

Revenue was hit by sustained competitive pressure and price erosion in the ITC industry. T-Systems saw its total revenue for the second quarter decline by 1.3 percent year-on-year to EUR 2.2 billion, with external revenues decreasing by 1.5 percent. At the same time, there was growth resulting from a strong performance in new business at international level, where external revenues increased by 5.9 percent year-on-year.

There was a positive trend in the key earnings indicators. Adjusted EBIT rose by 55.6 percent in the quarter to EUR 70 million, leading to an adjusted EBIT margin of 3.1 percent compared with 2.0 percent the previous year. Adjusted EBIT increased to 54.1 percent and the adjusted EBIT margin to 2.5 percent in the first half of the year.

Taking service products from the growth area of cloud computing, T-Systems fended off fierce competition to secure deals with several corporate customers. For example, VW's Spanish subsidiary Seat implemented a major cloud project in the reporting period and will use information and communications technology on a dynamic basis in future, adapted to its current business needs. Further progress was made with intelligent network solutions. For example, energy supplier RWE chose Deutsche Telekom as its service provider for smart metering. The deal involves the installation of 15,000 digital electricity meters in the city of Muhlheim an der Ruhr.