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Investor Relations
Allgeier reports double-digit growth in aggregate output and earnings in Q3 2015

11/03/2015

Munich, 03 November2015 – Provisional figures show that Allgeier SE (ISIN DE0005086300, WKN 508630) recorded double-digit growth in aggregate output from continued operations in the first nine months of financial year 2015 (01 January – 30 September 2015). Having achieved clear double-digit growth in earnings in the third quarter of 2015, Allgeier also posted an increase of similar magnitude in operating profits before taking exceptional items and other-period effects in the first nine months into account.

Business developments in Q3 2015

In the third quarter of 2015 (01 July 2015 – 30 September 2015) the Group again recorded substantial growth in sales and earnings. Aggregate output provisionally climbed 17.3 percent relative to the same period last year to stand at EUR 130.6 million (output from operations continued from last year: EUR 111.3 million). Operating EBITDA, again provisionally, (before exceptional items and other-period effects) for the third quarter came in at EUR 10.6 million, up by 32.5 percent over the previous year’s result (operations continued from last year: EUR 8.0 million). Consolidated EBITDA for the third quarter provisionally amounted to 10.1 million euro, representing an increase of 24.7 percent over the same period last year (operations continued from last year: EUR 8.1 million).Provisional consolidated earnings before interest and taxes (EBIT) at EUR 6.1 million was 24.5 percent higher than last year (operations continued from last year: EUR 4.9 million).

Development in business in the first nine months of 2015

Aggregate output for the Group in the first nine months of 2015 provisionally climbed 16.4 percent relative to the same period in 2014 to stand at EUR 369.2 million (operations continued from last year: EUR 317.2 million). Consolidated operating EBITDA, again provisionally, (before exceptional items and other-period effects) was recorded as standing 17.0 percent higher than in the same period last year at EUR 22.7 million (operations continued from last year: EUR 19.4 million). Provisional consolidated EBITDA including exceptional items and other-period effects amounted to EUR 20.2 million (operations continued form last year: EUR 19.3 million). As a result of increased amortisations following the first-time consolidation of the companies acquired in the first half of 2015, as well as higher investments, provisional consolidated earnings before taxes (EBIT) for the period came in somewhat below the previous year’s figure at EUR 9.3 million (operations continued form last year EUR 10.2 million).

Key balance sheet figures to 30 September 2015

Equity as of the qualifying date of 30 September 2015 provisionally stood at EUR 104.8 million (31 December 2014: EUR 100.7 million). Again on the qualifying date, preliminary figures show that the Allgeier Group had liquidity at its disposal in the amount of EUR 51.5 million (31 December 2014: EUR 98.0 million). Besides the cash flow from operations, the change is essentially due to payments made in connections with acquisitions, the repayment of debt, earn-out payments and the dividend distribution. The provisional balance sheet total on 30 September 2015 amounted to EUR 326.5 million (31 December 2014: EUR 329.8 million).

All IFRS figures quoted are provisional. This interim business report by Allgeier SE as at 30 September 2015 is published on 16 November 2015 and will thereafter be available for inspection at www.allgeier.com.