03/27/2013

ALLGEIER SE / Key word(s): Preliminary Results

27.03.2013 16:05

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, March 26, 2013 – Allgeier SE (ISIN DE0005086300, WKN 508630) once
again reports significant growth in its 2012 financial year (January 1,
2012 to December 31, 2012), according to preliminary results. IFRS
consolidated revenue was up by EUR 44 million to EUR 423 million (previous
year: EUR 379 million), representing 12 percent growth.

Consolidated EBITDA grew 3 percent to EUR 22.9 million (previous year: EUR
22.3 million). EBITDA generated by its operating divisions (before holding
company costs) increased by 16 percent to EUR 31.3 million (previous year:
EUR 26.9 million). Consolidated EBIT (earnings before interest and tax) of
EUR 9.1 million was weaker than in the previous year (previous year: EUR
12.0 million). EBIT generated by the operating divisions (before holding
company costs) increased by 5 percent to EUR 17.5 million (previous year:
EUR 16.6 million). Earnings in the 2012 financial year included EUR 9.5
million of extraordinary items (previous year: EUR 7.0 million). IFRS
amortization applied to purchase price allocations (in other words,
amortization applied to order book positions, customer bases and products)
resulting from the acquisition activity comprised the largest effect. Such
charges were up by EUR 2.3 million to EUR 9.5 million (previous year: EUR
7.2 million).

Outside the scope of continuing operations, the Allgeier Group also
realized EUR 5.1 million of earnings before tax from the valuation of
ongoing claims and risks arising from the Personnel Services division,
which was sold in 2008. Together with the EUR 6.1 million of earnings
before tax from the continuing operations, the Group consequently generated
EUR 11.3 million of earnings before tax (previous year: EUR 9.5 million).
After deducting all taxes on income, the Group achieved EUR 8.8 million of
net income from both its discontinued and continuing operations, up by EUR
3.5 million compared with the previous year’s EUR 5.3 million.

Including the business that was sold, earnings per share rose by 91 percent
from EUR 0.52 in 2011 to EUR 1.00 in the reporting year. Earnings per share
after adjusting for amortization related to acquisition activity and other
extraordinary items were up by 47 percent to EUR 1.85 (previous year: EUR
1.27).

Equity increased by EUR 5.2 million to EUR 93.4 million as of December 31,
2012 (previous year: EUR 88.2 million). The Allgeier Group reported EUR
38.9 million of liquid assets at its disposal as of December 31, 2012
(previous year: EUR 31.9 million). Current and non-current finance debt
increased to EUR 73.8 million as of December 31, 2012 (previous year: EUR
41.4 million including liabilities arising from participation rights).
Total assets rose to EUR 289.6 million (previous year: EUR 242.1 million).
The main factors for the changes in the consolidated balance sheet included
the acquisitions of tecops personal GmbH and five further companies in the
financial year under review, the borrower’s note loan in a net amount of
EUR 69.0 million that was placed on the capital market in February 2012,
the repayment of an existing short-term bank loan in an amount of EUR 19.0
million, and the redemption of the on-balance sheet ABS program of EUR 10.6
million through off-balance sheet factoring of customer receivables in the
same amount.

All of the IFRS figures referred to are preliminary, and have not yet been
finally audited.

Contact:
Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE, which is based in Munich, Germany, is one of the leading IT
companies in the German-speaking region. With more than 4,200 salaried
employees and more than 1,500 freelance IT experts, Allgeier offers
customers a complete service approach and a comprehensive portfolio of
solutions and services. Operating divisions, each with their individual
specialist or sector-related focal points, work together for more than
2,000 customers from almost all sectors. Allgeier combines the advantages
of an international IT company, such as product breadth, and strength in
terms of performance and processes, with the flexibility, expertise and
customer-proximity of a powerful medium-sized-company provider. This
high-growth company currently operates at more than 90 sites in the
German-speaking region, and at further locations in the rest of Europe, as
well as in India, Mexico and the USA. Allgeier generated EUR 423 million of
revenue in 2012, according to preliminary figures. The company is listed on
the Regulated Market of the Frankfurt Stock Exchange in the General
Standard segment (WKN 508630 / ISIN DE0005086300). Further information is
available on the company’s website at: www.allgeier.com.

27.03.2013 DGAP’s Distribution Services include Regulatory Announcements,
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Language: English
Company: ALLGEIER SE
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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