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Investor Relations
Allgeier achieves significant revenue and earnings growth in Q1 2018

04/23/2018

Publication of inside information pursuant to Art. 17 MAR

Munich, April 23, 2018 – Based on preliminary results, Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) achieved continued growth in sales revenue in the first quarter of 2018 (January 1, 2018 – March 31, 2018) and significant earnings growth, in line with its planning for 2018.

Q1 2018 revenue and earnings trends

In the first quarter of 2018 (January 1, 2018 to March 31, 2018), the total operating revenue generated by the Allgeier Group amounted to EUR 156.0 million, up 17 percent on the previous year’s level (EUR 133.8 million). Adjusted consolidated EBITDA (EBITDA from continuing operations before effects that qualify operationally as extraordinary or relating to other accounting periods) in the first three months of 2018 reported an increase of 60 percent to EUR 7.4 million (previous year: EUR 4.6 million). This earnings growth corresponds to the expectations the Group has forecast for the current year. EBITDA from continuing operations amounted to EUR 6.8 million for the period under review (previous year: EUR 5.3 million), reflecting 36 percent growth. The Group generated EUR 4.0 million of EBIT from its continuing operations in the first quarter of 2018 (previous year: EUR 2.4 million), representing a 42 percent rise year-on-year.

At the end of March 2018, the Allgeier Group sold Allgeier Medical IT GmbH, Freiburg. This disposal generated a net cash inflow of EUR 2.8 million for the Group, as well as a disposal gain totaling approximately EUR 2.0 million. Allgeier Medical IT GmbH achieved EUR 0.7 million of total operating revenue in the first quarter of 2018 (previous year: EUR 0.8 million) and EBITDA of EUR 39 thousand (previous year: EUR 45 thousand).

Key balance sheet financials as of March 31, 2018

The Allgeier Group had EUR 46.8 million of liquid assets at its disposal as of the end of the first quarter of 2018 (December 31, 2017: EUR 53.0 million). Financial liabilities rose to EUR 115.4 million as of the balance sheet date (December 31, 2017: EUR 108.8 million), including EUR 95.4 million of non-current financial liabilities (December 31, 2017: EUR 95.4 million).

Note

All the aforementioned figures for the first quarter 2018 have been prepared in accordance with IFRS and are preliminary. A voluntary interim report of Allgeier SE as of March 31, 2018 will be published on May 15, 2018, when it can be viewed at www.allgeier.com.