Allgeier SE

Earnings Release • Nov 6, 2014

News Details

Ad-hoc | 6 November 2014 11:52

Allgeier SE: Allgeier reports nine-month results

ALLGEIER SE / Key word(s): 9-month figures

06.11.2014 11:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

Munich, November 6, 2014 - Allgeier SE (ISIN DE0005086300, WKN 508630) is
reporting a slight increase in its revenues during the first nine months of
the 2014 financial year (January 1, 2014 - September 30, 2014) due to the
sales trend during the third quarter of the year, following on from the
stagnation during the first half of the year. These figures have been
prepared on a preliminary basis. Preliminary EBITDA was down year-on-year,
however. The figures as of September 30, 2014 are affected by a further
change to the scope of consolidation: on October 30, 2014, Allgeier
divested a further part of its business - its Allgeier Benelux area
(Allgeier N.V., Belgium, Allgeier Computer BV, Netherlands, Allgeier S.A.,
Luxembourg, Allgeier Ltd., Cyprus, and ALLGEIER LİMİTED, Turkey) -
reporting this division as part of discontinued operations in its
nine-month figures.

Preliminary consolidated revenue from the continuing operations of EUR
309.5 million during the first three quarters of 2014 represents slight
growth compared with the first nine months of 2013 (continuing operations
previous year: EUR 303.9 million). Preliminary EBITDA of EUR 19.3 million
from the continuing operations were below those in the equivalent period of
the previous year (continuing operations previous year: EUR 21.3 million).
Preliminary EBIT (earnings before interest and tax) amounted to EUR 10.2
million from the continuing operations (continuing operations previous
year: EUR 13.1 million). The corresponding preliminary EBT (earnings before
tax) stood at EUR 8.1 million (continuing operations previous year: EUR 9.7
million). After deducting EUR 3.1 million of tax expenses (continuing
operations prior-year: EUR 3.2 million), Allgeier generated EUR 5.1 million
of preliminary profit after tax from its continuing operations during the
first nine months of 2014 (continuing operations previous year: EUR 6.5
million). Due to the gain arising from the disposal that occurred before
the September 30, 2014 reporting date, the overall Group reported a
preliminary net profit of EUR 6.0 million, reflecting an increase compared
with the previous year's EUR 5.3 million.

The complete deconsolidation of the business that is reported as
discontinued operations in the nine-month figures will occur prospectively
as of October 31, 2014.

In the third quarter of 2014 (July 1, 2014 - September 30, 2014), the Group
companies of Allgeier SE grew their preliminary revenue in the continuing
operations to EUR 109.6 million (continuing operations prior year: EUR
103.8 million). Preliminary EBITDA from continuing operations stood at EUR
8.1 million (continuing operations previous year: EUR 8.8 million).
Accordingly, preliminary EBIT from continuing operations amounted to EUR
4.9 million (continuing operations prior year: EUR 6.2 million).

On the basis of the preliminary nine-month figures, total assets of EUR
282.3 million as of September 30, 2014, reflected a slight reduction
compared with the end of 2013 (December 31, 2013: EUR 289.3 million). This
fall in total assets compared with December 31, 2013 is attributable
primarily to seasonal and reporting date-related fluctuations in working
capital, the payment of the dividend on the profit for the 2013 financial
year to the shareholders of Allgeier SE in the second quarter, and the cash
outflows that occurred as part of acquisition activity during the first
three quarters of 2014.

The Allgeier Group held liquid assets of EUR 33.7 million (on the basis of
preliminary figures) as of the balance sheet date (December 31, 2013: EUR
50.3 million). Preliminary current and non-current financial liabilities
have increased to EUR 81.6 million as of September 30, 2014 (December 31,
2013: EUR 75.5 million). Preliminary consolidated equity rose to EUR 101.3
million as of the end of the third quarter of 2014 (December 31, 2013: EUR
94.7 million).

All of the aforementioned IFRS figures are preliminary. The third-quarter
interim business report of Allgeier SE as of September 30, 2014 will be
published on November 14, 2014, when it can be viewed at www.allgeier.com.

Contact:
Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich, Germany
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 2,000 customers
from almost all sectors. With more than 5,000 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 at more
than 90 sites in the German-speaking region, and at further locations in
the rest of Europe, as well as in India, Mexico and the USA. In 2013
Allgeier generated EUR 478 million of revenue. 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.

06.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of Announcement DGAP News-Service

---