Allgeier SE

Earnings Release • Aug 5, 2015

News Details

Ad-hoc | 5 August 2015 13:11

Allgeier SE: Following a strong second quarter, Allgeier achieves double-digit total operating revenue growth in H1 2015 in its continuing operations

ALLGEIER SE / Key word(s): Half Year Results

05.08.2015 13:11

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Munich, August 4, 2015 - During the first six months of its 2015 financial
year (January 1, 2015 to June 30, 2015), Allgeier SE (ISIN DE0005086300,
WKN 508630) reports double-digit growth in total operating revenue from
continuing operations, according to preliminary figures. Following
first-quarter earnings that were still down year-on-year (ad hoc
announcement of May 4, 2015), Allgeier achieved significant double-digit
earnings growth during the second quarter of the year. Operating earnings
(before extraordinary items and effects relating to other accounting
periods) for the first half of 2015 thereby achieve an overall level above
the corresponding previous-year result.

Q2 2015 business trends

The Group reported significant revenue and earnings growth in the second
quarter of 2015 (April 1, 2015 to June 30, 2015). Revenue as reported on a
preliminary basis was up by 20 percent year-on-year to EUR 121 million
(prior-year continuing operations: EUR 101 million). Preliminary operating
EBITDA (before extraordinary items and effects relating to other accounting
periods) of EUR 8.0 million was more than 30 percent ahead of the previous
year's result (previous-year continuing operations: EUR 6.1 million).
Preliminary consolidated EBITDA amounted to EUR 7.5 million for the second
quarter, thereby 36 percent above the equivalent figure for the
previous-year period (prior-year period continuing operations: EUR 5.5
million). Preliminary consolidated EBIT (earnings before interest and tax)
of EUR 3.7 million reflect 54 percent year-on-year growth (previous-year
period continuing operations: EUR 2.4 million).

H1 2015 business trends

In sum, preliminary total operating revenue generated across the Group
during the first half of 2015 grew by 16 percent compared with the first
six months of 2014, to reach EUR 239 million (prior-year continuing
operations: EUR 206 million). Preliminary operating EBITDA (before
extraordinary items and effects related to other reporting periods)
reported year-on-year growth of 5 percent to EUR 12.1 million (prior-year
continuing operations: EUR 11.5 million). Preliminary consolidated EBITDA,
including extraordinary items and effects relating to other accounting
periods, amounted to EUR 10.1 million (prior-year continuing operations:
EUR 11.0 million). Preliminary consolidated EBIT (earnings before interest
and tax) for the period stood at EUR 3.2 million, also down year-on-year
(prior-year continuing operations: EUR 5.0 million). This was mainly due to
a higher level of amortization charges arising from the first-time
inclusion of the companies acquired during the reporting half-year, as well
as investments in high-growth business operations at the sites in India.

Outlook for H2 2015

On the basis of its planning, the Management Board expects the year-on-year
growth to continue during the second half of 2015. Revenue is set to
increase by more than 20 percent during the second six months of 2015,
according to Group planning. Group operating EBITDA (before extraordinary
items and effects relating to other accounting periods) should grow at a
disproportionately faster pace than the rate of revenue growth during the
second half of 2015, according to planning.

Key balance sheet financials as of June 30, 2015

Preliminary equity rose to EUR 105 million as of June 30, 2015 (December
31, 2014: EUR 100.7 million). The Allgeier Group had liquid assets
available of EUR 54 million (on the basis of preliminary figures) as of the
balance sheet date (December 31, 2014: EUR 98.0 million). Above and beyond
operating cash flows, this change chiefly reflects cash flows due to
acquisition activities, the repayment of financial liabilities, earn-out
payments that have been made, and the dividend distribution. Preliminary
total assets stood at EUR 331 million as of June 30, 2015 (December 31,
2014: EUR 329.8 million).

All of the aforementioned IFRS figures are preliminary. The interim report
of Allgeier SE for the first half of 2015 will be published on August 14,
2015, when it can be viewed at www.allgeier.com.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-Mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for Business Performance
today: Allgeier combines the advantages of an international provider with
the merits of medium-sized companies with a growth strategy oriented
consistently to innovations and future trends, and an integrative business
model. Operating divisions, each with their individual specialist or
sector-related focal points, work together for more than 3,000 customers
from almost all sectors. With a highly flexible delivery model, Allgeier
covers the full range of IT services, from on-site and nearshore through to
offshore: A strong presence in India ensures flexibility and maximum
scalability of the services, supplemented by highly qualified expertise in
high-end software development. With more than 5,800 salaried employees and
over 1,200 freelance IT experts, Allgeier, as a one-stop shop, offers
customers a comprehensive portfolio of solutions and services. Allgeier's
customers include globally operating groups as well as innovative
medium-sized operations that wish to secure strategic advantages through
high-performing IT solutions, intelligent software and flexible personnel
services. This high-growth company, which is based in Munich, Germany,
operates 100 sites in the German-speaking region, and at further locations
in the rest of Europe, as well as in India, Singapore, Mexico and the USA.
In 2014 Allgeier generated EUR 428 million of revenue (continued
operations), according to preliminary figures. Allgeier SE was ranked first
in the Lünendonk(R) List 2014 of "Leading German medium-sized IT consulting
and system integration companies". The Allgeier Experts division ranks
among the top three IT personnel service-providers in Germany according to
the Lünendonk(R) 2014 market segment study "The market for recruiting,
mediating and managing IT freelancers in Germany". The company is listed on
the regular market of the Frankfurt Stock Exchange in the General Standard
segment (WKN 508630/ISIN DE0005086300). Further information is available on
the company's website at: www.allgeier.com.

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Language: English
Company: ALLGEIER SE
Wehrlestraße 12
81679 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: info@allgeier.com
Internet: http://www.allgeier.com
ISIN: DE0005086300
WKN: 508630
Indices: CDAX
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart

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