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Investor Relations
Allgeier SE: Allgeier reports significant H1 2016 revenue and earnings growth


ALLGEIER SE / Key word(s): Half Year Results04.08.2016 17:02Disclosure of an inside information according 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, August 3, 2016 – During the first six months of its 2016 financialyear (January 1, 2016 to June 30, 2016), Allgeier SE (ISIN DE0005086300,WKN 508630) reports double-digit growth in its total operating revenue andresults from its continuing operations, according to preliminary figures.The good development of the first quarter of year has continued into thesecond quarter of 2016.Q2 2016 business trendsAfter Allgeier had already reported double-digit revenue and earningsgrowth in the first quarter of 2016, the Group has continued to advancerevenue and earnings at a significant rate during the second quarter of2016 (April 1, 2016 – June 30, 2016). Total preliminary operating revenuewas up 12 per cent compared with the previous year’s equivalent period toreach EUR 127 million (previous year: EUR 113 million). Adjustedconsolidated Group-EBITDA (EBITDA before effects that qualify operationallyas extraordinary or relating to other accounting periods) of EUR 10.1million was up by 42 per cent compared with the previous year’s result(previous year: EUR 7.1 million). Preliminary consolidated EBITDA incontinuing operations amounted to EUR 7.6 million for the second quarter,19 per cent above the equivalent figure for the previous-year period(previous year: EUR 6.4 million). Preliminary consolidated EBIT (earningsbefore interest and tax) in continuing operations of EUR 4.8 millionreflect 50 per cent year-on-year growth (previous year: EUR 3.2 million).H1 2016 business trendsIn sum, preliminary total operating revenue in continuing operationsgenerated across the Group during the first half of 2016 increased by 13per cent compared with the first six months of 2015 to reach EUR 243million (previous year: EUR 215 million). Adjusted consolidated Group-EBITDA (EBITDA before effects that qualify operationally as extraordinaryor relating to other accounting periods) reported a rise of 38 per cent toEUR 14.8 million (previous year: EUR 10.7 million). Preliminaryconsolidated Group-EBITDA from continuing operations of EUR 12.9 millionrepresents 49 per cent growth compared with the previous year’s result(previous year: EUR 8.6 million). Preliminary consolidated EBIT (earningsbefore interest and tax) in continuing operations of EUR 7.3 million in theaccounting period under review are also up significantly on the previousyear (previous year: EUR 2.8 million).Key balance sheet financials as of June 30, 2016Preliminary equity amounted to EUR 111.8 million as of June 30, 2016(December 31, 2015: EUR 115.7 million). The Allgeier Group had EUR 64.2million of liquid assets available (on the basis of preliminary figures) asof the balance sheet date (December 31, 2015: EUR 83.7 million). Thischange is mainly due to changes in working capital and tax payments.Preliminary total assets stood at EUR 331.4 million as of June 30, 2016(December 31, 2015: EUR 328.0 million).Outlook for H2 2016On the basis of its plans, the Executive Board expects the year-on-yeargrowth to continue during the second half of 2016. Total operating revenueis set to increase by around 10 per cent during the second six months of2016, according to Group planning. Adjusted consolidated Group-EBITDA(EBITDA before effects that qualify operationally as extraordinary orrelating to other accounting periods) should continue to report a fasterrate of growth in the second half 2016 than the topline growth rate,according to planning.All of the aforementioned IFRS figures are preliminary. The Allgeierinterim report for the first half of the year 2016 will be published onAugust 16, 2016, when it can be viewed at SECorporate Communications & Investor RelationsDr. Christopher GrosseWehrlestrasse 1281679 MunichTel.: +49 (0)89/998421-0Fax: +49 (0)89/998421-11Email: ir@allgeier.comWeb: www.allgeier.comAllgeier SE is one of the leading IT companies for Business Performance:with a growth strategy oriented to innovations and future trends, as wellas an integrative business model, Allgeier exploits the opportunities thatdigitalisation offers. Three operating segments with individual specialistand sector-related focuses work together for more than 3,000 customers fromalmost all business sectors. With 6,100 salaried employees and more than1,300 freelance experts, Allgeier offers its customers an extensive one-stop-shop range of solutions and services. With a highly flexible deliverymodel, Allgeier covers the entire IT service spectrum from on-site throughto nearshore and offshore: based on a strong business pillar in India, thecompany secures flexibility and maximum scalability of services, as well ashighly qualified high-end software development expertise. Allgeiercustomers include globally operating groups as well as innovative medium-size business operations that aim to secure strategic advantages throughhigh-performance IT solutions, intelligent software and flexible personnelservices. This Munich-based, fast-growing Group maintains more than 90branches in German-speaking countries, the rest of Europe, as well as inIndia, Singapore, Vietnam, Mexico and the USA. Allgeier generated EUR 452million of revenue in 2015 (continuing operations). Allgeier SE ranks firstin the 2016 Lünendonk(R) list of “Leading German Medium-Sized ITConsultants and System Integrators”. According to the Lünendonk(R) 2016market segment study “The Market for Recruiting, Mediating and Managing ITFreelancers in Germany”, Allgeier Experts ranks among Germany’s top threeIT personnel service providers. Allgeier SE is listed on the RegulatedMarket of the Frankfurt Stock Exchange (WKN 508630, ISIN DE0005086300). Formore information, visit: The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at————————————————————————— Language: EnglishCompany: ALLGEIER SE Wehrlestraße 12 81679 München GermanyPhone: +49 (0) 89 – 99 84 21 0Fax: +49 (0) 89 – 99 84 21 11E-mail: info@allgeier.comInternet: http://www.allgeier.comISIN: DE0005086300WKN: 508630Indices: CDAXListed: Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service —————————————————————————