Investor Relations

    For any additional information please contact us directly:

    Allgeier SE

    Dr. Christopher Große
    Marion Genais
    Einsteinstrasse 172
    D-81677 Munich
    Tel.: +49 89 998421-0
    Fax: +49 89 998421-11

Investor Relations
Allgeier SE: Allgeier achieves further revenue growth in the first quarter of 2017


ALLGEIER SE / Key word(s): Quarter Results

03-May-2017 / 18:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Munich, May 2, 2017 – Allgeier SE (ISIN DE0005086300, WKN 508630) achieved sustained growth in revenue in the first quarter of 2017 (January 1, 2017 – March 31, 2017) accompanied by a marginal decline in the result compared with the previous year’s continuing operations.
Revenue and earnings trends in the first quarter of 2017
In the first quarter of 2017 (January 1, 2017 – March 31, 2017) overall performance stood at EUR 133.8 million, reflecting an increase of 16 percent in a year-on-year comparison (previous year: EUR 114.9 million). Adjusted consolidated EBITDA from continuing operations (EBITDA before effects qualified as extraordinary in operating terms or relating to other accounting periods) amounted to EUR 4.6 million in the period under review (previous year: EUR 5.1 million). EBITDA for the period stood at EUR 5.3 million (previous year: EUR 5.6 million). The result reflects the Group’s investment in expanding business and in personnel in the Allgeier Experts division as well as in the SAP units of Allgeier Enterprise Services. The Group therefore achieved EBIT of EUR 2.4 million in the first quarter of 2017 (previous year: EUR 2.9 million).
Key balance sheet financials as of March 31, 2017
Equity stood at EUR 117.6 million as of the reporting date on March 31, 2017 (December 31, 2016: EUR 116.9 million). The Allgeier Group had liquid assets of EUR 58.3 million at its disposal at the end of the first quarter of 2017 (December 31, 2016: EUR 71.8 million). The decline was due in particular to an increase in working capital during the year, earn-out payments, capital expenditure and interest payments. Current and non-current financial liabilities dropped slightly to EUR 107.8 million as of the reporting date (December 31, 2016: EUR 109.1 million). Total assets came in at EUR 341.3 million on the reporting date of March 31, 2017 (December 31, 2016: EUR 344.4 million).
The aforementioned year-earlier results are not comparable with the financial information on the previous year due to the restatement of the previous year to reflect the divested units. All figures pertaining to the first quarter of 2017 have been determined in accordance with IFRS. A voluntary Interim Report of Allgeier SE as of March 31, 2017 will be released on May 19, 2017, when it can be viewed on the company’s website at
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

Allgeier SE is one of the leading IT companies for digital transformation: with a growth strategy oriented to innovations and future trends, as well as an integrative business model, Allgeier exploits the opportunities that digitalization offers. Three operating segments with individual specialist and sector-related focuses work together for around than 3,000 customers from almost all business sectors. With more than 6,500 salaried employees and around 1,300 freelance experts, Allgeier offers its customers an extensive one-stop-shop range of solutions and services. With a highly flexible delivery model, Allgeier covers the entire IT service spectrum from on-site through to nearshore and offshore: with a strong business pillar in India, the company secures flexibility and maximum scalability of services, as well as highly qualified high-end software development expertise. Allgeier customers include globally operating groups as well as innovative medium-size business operations that aim to secure strategic advantages through high-performance IT solutions, intelligent software and flexible personnel services. This Munich-based, fast-growing Group maintains more than 100 branches in the region of Germany, Austria and Switzerland, in nine further European countries, as well as in India, Singapore, Vietnam, Mexico and the USA. Allgeier generated EUR 498 million of revenue in its continuing operations in 2016. Allgeier SE ranks first in the 2016 Lünendonk(R) list of “Leading German Medium-Sized IT Consultants and System Integrators”. According to the Lünendonk(R) 2016 market segment study “The Market for Recruiting, Mediating and Managing IT Freelancers in Germany”, Allgeier Experts ranks among Germany’s top three IT personnel service providers. Allgeier SE is listed on the Regulated Market of the Frankfurt Stock Exchange (WKN 508630, ISIN DE0005086300). For more information, visit: