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Investor Relations
Allgeier reports growth in revenues and earnings, in the business year 2015

03/18/2016

Munich, 18 March 2016 – Allgeier SE (ISIN DE0005086300, WKN 5086630) records growth in revenues and EBITDA in the financial year 2015 (1 January 2015 – 31 December 2015), according to preliminary figures. In the past business year, the group sold its subsidiaries b+m Informatik AG, Melsdorf and terna Group, based in Innsbruck, Austria, as well as the segment Storage of the Allgeier (Switzerland) AG, based in Thawil, Switzerland. These units are shown as discontinued operations. By selling these units, the group yielded a return of EUR 10.0 million before tax, according to preliminary figures. For the next general meeting, the Executive Board takes this as an occasion to suggest besides the normal dividend a special dividend of EUR 0.20 for each share. Furthermore, the Munich-based Talentry GmbH, is also shown within the discontinued operations due to pending negotiations about a change in the shareholder structure to achieve strategic future development.

Group’s business development

In total, the preliminary total revenues from continued and discontinued operations in the past financial year 2015 increased by 9 per cent to EUR 498.9 million (previous year: EUR 456.5 million). The group’s preliminary operative EBITDA (before extraordinary effects and effects relating to other periods) from continued and discontinued operations rose disproportionately by 15 per cent to EUR 29.3 million, compared to the same period the year before (previous year: EUR 25.3 million). Allgeier’s preliminary EBITDA including extraordinary effects and effects relating to other periods improved by 13 per cent to EUR 27.1 million, during the period (previous year: EUR 24.0 million). The group’s preliminary EBIT of the period was at EUR 12.6 million (previous year: EUR 10.5 million) and was thus 20 per cent above previous year’s EBIT. The Allgeier group recorded preliminary earnings before tax to the amount of EUR 8.8 million (previous year: EUR 5.5 million).

Performance of continued operations

The preliminary group revenue from continued operations in the financial year 2015 increased to EUR 452.2 million (continued operations previous year: EUR 384.2 million) which means an increase of 18 per cent. The group’s preliminary operative EBITDA (before extraordinary effects and effects relating to other periods) of the continued operations increased by 11 per cent to EUR 25.3 million (continued operations previous year: EUR 22.8 million). Allgeier’s preliminary EBITDA from continued operations including extraordinary effects and effects relating to other periods improved by 10 per cent to EUR 23.2 million, during the period (continued operations of the previous year: EUR 21.0 million). The group’s preliminary EBIT from continued operations was at EUR 10.4 million (continued operations from the previous year: EUR 10.3 million). The Allgeier group achieved preliminary earnings before tax from continued operations to the amount of EUR 6.3 million (previous year: EUR 5.4 million).

Balance sheet benchmark data as of 31 December 2015

On the balance sheet date, 31 December 2015, preliminary equity rose to EUR 116 million (previous year: EUR 100.7 million). The Allgeier group had cash and cash equivalents at its disposal as of the end of 2015 in the amount of EUR 83.7 million, according to preliminary figures (previous year: EUR 98.0 million). Preliminary current and non-current financial liabilities on the balance sheet closing date were at to EUR 110.7 million (previous year: EUR 125.2 million). The preliminary balance sheet total at the end of the financial year 2015 stood at EUR 328 million (previous year: EUR 329.8 million).

Outlook for the financial year 2016

The Executive Board expects a continuing growth for the business year 2016, according to current plans. The group’s revenues from continued operations are expected to grow more than 10 per cent. The group’s operative EBITDA (before extraordinary effects and effects relating to other periods) from continued operations is to grow disproportionately, according to Allgeier’s plans, which expect a moderate increase of the EBITDA margin. These projections refer to the development of the actual group only. They do not content changes in portfolio so far neither through additional acquisitions nor additional disinvestments.

Note

All of the IFRS figures quoted in this announcement for financial year 2015 are preliminary and have not yet been conclusively verified by the group auditor. The aforementioned annual results from continued operations are not comparable with the Allgeier annual report 2014 owing to the retrospective adjustment in the previous year to account for the disposal of the units. Publication of the Allgeier annual report for 2015 is scheduled for 29 April 2016. The statements on the year 2016 represent expectations based on current plans and projections; there is no certainty that they will be realized.