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Allgeier increases sales, earnings and cash flow significantly
|Jan – April||Jan – April||abs. Difference||%- Difference|
|Million €||Million €||Million €|
|EBT||0,6||0,8||0,2 /td>||+ 33%|
|Cash Flow*||0,7||1,0||0,3||+ 43%|
Group sales rose as at end of April to € 16 million (+39 %), the EBITDA rose to € 1.6 million (+14%), the EBT reached including April € 0.8 million, the cash flow after minorities reached including April € 1 million.
The results of the first four months have been influenced by very different developments in the business segments.
In the segment base technology Allgeier holds a 51% participation in the EA group. Sales and revenue of this business unit were significantly below last year, resulting from the spin-off of the telecommunications sector in 2004. As at end of April total sales were almost halved at € 5.3 million (€ 9.8 million), the EBT was positive but € 0.4 million below last year.
In the business unit IT sales and revenue were significantly higher than last year. Sales quadrupled from € 2.6 million to € 10.7 million, the EBT rose to € 1 million. Responsible for the positive developments is a good business development of all IT affiliates and the consolidation of the companies GFU and ICC. The forecasts of the IT affiliates point at further growth.
With a positive start into the 2nd quarter the management of the Allgeier Group is confident of the Groups further performance. The in Mai insolvent acquired BOG Informationstechnologie & Services GmbH & Co. KG, Münster, was newly positioned as BOG and will strengthen the Group further. For the year 2005 Group sales of more than € 50 million and a positive result are expected.