DGAP-Adhoc: Allgeier SE: Allgeier remains on growth path in H1 2013

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

14.08.2013 14:54

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Munich, August 14, 2013 - Allgeier SE (ISIN DE0005086300, WKN 508630)
reports further revenue and earnings growth in the first half of 2013
(January 1, 2013 - June 30, 2013). Consequently, Allgeier continued to
report growth during the first half of 2013 and further bolstered its
competitive position.

Revenue in the first half of 2013 grew to EUR 227.3 million, up 20 percent
compared with the first six months of 2012 (previous year: EUR 190.1
million). Both operating growth and the corporate acquisitions that have
been realized in the past years drove this earnings growth. All three
Allgeier operating segments reported operating growth in this context.
EBITDA grew by 24 percent year-on-year to reach EUR 12.3 million (previous
year: EUR 9.9 million). EBIT (earnings before interest and taxes) increased
by 88 percent to EUR 6.2 million in the period under review (previous year:
EUR 3.3 million). The EBIT growth reflects a drop in amortization charges
arising from the purchase price allocation. Despite this decline in
amortization charges, the EBIT earnings figure continued to be impacted in
by the amortization charges applied to IFRS purchase price allocations
pursuant (amortization of order book positions, customer bases and
products), which comprise most of the amortization and depreciation of EUR
6.1 million (previous year: EUR 6.6 million). Interest expenses of EUR 2.7
million remained at the level in the comparable prior-year period. After
interest, Allgeier reported a 441 percent increase in EBT (earnings before
tax) to EUR 3.5 million in the first six months of 2013 (previous year: EUR
0.6 million). After deducting EUR 1.4 million of tax expenses (previous
year: EUR -0.6 million), Allgeier consequently achieved EUR 2.1 million of
net income in the first half of 2013 (previous year: EUR 0.0 million).
Basic earnings per share, calculated on the basis of the half-yearly
earnings reduced to reflect the share of earnings attributable to
non-controlling shareholders, rose to EUR 0.24 in the first half of 2013
(previous year: EUR -0.03).

The total assets of the Allgeier Group were down slightly from EUR 289.6
million on December 31, 2012 to EUR 283.3 million on June 30, 2013. The
dividend payout and outgoing payments as part of acquisition activities
comprise the main reasons for this reduction in total assets. Equity
reduced accordingly to EUR 88.0 million as of the balance sheet date
(December 31, 2012: EUR 93.4 million). The Allgeier Group reports liquid
assets of EUR 30.8 million as of June 30, 2013 (December 31, 2012: EUR 38.9
million). Cash flow from operating activities grew to EUR 4.3 million in
the period under review (previous year: EUR 3.4 million).

The 2013 half-yearly report of Allgeier SE will be published today, August
14, 2013, and 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. Six 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 4,300 salaried employees and around
1,400 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. Allgeier
generated EUR 423 million of revenue in 2012. Allgeier SE was ranked first
in the Lünendonk(R) List 2013 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) 2013 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: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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