08/11/2011

ALLGEIER HOLDING AG / Key word(s): Half Year Results

11.08.2011 12:36

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Munich, 11 August 2011 – Allgeier Holding AG (ISIN DE000508630 / WKN
508630) has been able to significantly increase both sales and earnings in
the first half of 2011 (1 January 2011 – 30 June 2011).

The group increased sales by 28% to EUR 171 million in the first half of
2011, compared to the figure from the previous year of EUR 133.7 million.
This increase is partly the result of organic growth of 17% in the first
half of the year (taking account of the assets acquired in two insolvent
companies: BSH Systemhaus GmbH and the IPS Information- und Prozesssysteme
business division of MCE Computer Peripherie GmbH). In addition, sales were
further boosted by the full consolidation of the BSR & Partner und Terna
group companies, which were acquired in 2010. In June 2011, 1eEurope
Switzerland AG, which was acquired in May, was also consolidated into the
group of companies. During the first half year, EBITDA (earnings before
interest, taxes, depreciation and amortisation) grew by 69% to EUR 8.8
million, compared with last year’s figure of EUR 5.2 million. EBITA
(earnings before interest, taxes and amortisation on purchase price
allocations) grew by 79% to EUR 7.5 million, compared with last year’s
figure of EUR 4.2 million, while the EBIT (earnings before interest and
taxes) grew by 93% to EUR 5.2 million, up from EUR 2.7 million last year.

In the second quarter (1 April 2011 – 30 June 2011), sales increased by 22%
to EUR 87.6 million, up from last year’s figure of EUR 71.7 million. EBIT
grew by 28% to EUR 3.2 million, compared with EUR 2.5 million in 2010),
while EBIT grew by 18% to EUR 2.0 million from last year’s figure of EUR
1.7 million. In the second quarter results were affected by the lower
number of working days. Furthermore, one-off reorganisation costs were
incurred in one of the companies in the group amounting to EUR 150,000 in
the first quarter and to EUR 650,000 in the second quarter.

The report on the first half of the year can be viewed at www.allgeier.com.

Contact:
Allgeier Holding AG
Wehrlestr. 12
81679 Munich
Phone: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier-holding.de
Web: www.allgeier.com

Allgeier Holding AG, with its headquarters in Munich, is one of the leading
consultancy and service companies in the German-speaking countries. With
their units IT Solutions, IT Services & Recruiting and Project Solutions,
Allgeier offers a comprehensive range of services from the initial concept
through implementation to the operation of IT landscapes. Allgeier Group
has 16 operational subsidiaries with over 2,200 employees as well as more
than 1,400 freelance experts serving some 3,000 customers in virtually
every area of the economy. In Germany, the Group runs 52 subsidiaries as
well as 25 offices in Austria, Belgium, France, the Netherlands, Romania,
Sweden, Switzerland and the Czech Republic as well as in India, Mexico and
United States. During the 2010 financial year, Allgeier achieved sales of
EUR 308.7 million. According to Lünendonk’s market segment survey in 2010,
Allgeier ranks no. 2 among the medium-sized IT service companies and no. 2
among IT recruitment companies in Germany. The company is listed at the
Frankfurt Stock Exchange.

11.08.2011 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ALLGEIER HOLDING AG
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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