Once again, fiscal year 2016 was shaped by excellent business performance for the cooperative. In the year of DATEV’s 50th anniversary, the cooperative succeeded in growing further and once again improving on the excellent revenue figures from the previous year. Despite increased activities related to DATEV’s future topics, the cooperative was able to keep operating profit high.
The cooperative’s successful performance for the fiscal year was primarily due to the pleasing 4.9% increase in revenue. As a result, DATEV once again significantly outperformed both the growth of the overall German economy (1.9%) as well as that of the industry. According to the industry association BITKOM, the market for information technology in Germany grew by a total of 3.3%.
Profits generated by the professional cooperative are returned to its members in the form of a cooperative refund, and thanks to a refund rate of 5.0% of refundable annual sales revenue, this enabled DATEV to pay out a net total of approximately 39.6 million euros to its members (2015: 38.1 million euros).