04/28/2014

ALLGEIER SE / Key word(s): Quarter Results

28.04.2014 18:17

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, 28 April 2014 – According to preliminary figures, Allgeier SE (ISIN
DE0005086300, WKN 508630) reports a stable development in the first three
months of the financial year 2014 (1 January 2014 – 31 March 2014). The
Group intends to divest part of its business, a decision reflected in the
quarterly figures drawn up in accordance with IFRS as discontinued
operations.

Preliminary consolidated revenue, including discontinued operations, rose
slightly by 1 percent to EUR 111.0 million in the first quarter of 2014
compared with the first three months of 2013 (EUR 110.2 million).
Preliminary EBITDA, including discontinued operations, climbed by 6 percent
to EUR 5.1 million in a year-on-year comparison (previous year: EUR 4.8
million). Preliminary earnings before interest and tax (EBIT), including
discontinued operations, advanced to EUR 2.0 million (previous year: EUR
1.8 million). Earnings before tax (EBT) increased to EUR 1.3 million
(previous year: EUR 1.0 million). After deduction of tax expenses of EUR
0.6 million (previous year: EUR 0.5 million), Allgeier generated a
preliminary profit of EUR 0.7 million in the first quarter of 2014
(previous year: EUR 0.4 million). Revenue generated by continuing
operations (excluding discontinued operations) stood at EUR 100.4 million
in the first quarter of 2014 (previous year: EUR 98.6 million). EBITDA from
continuing operations (excluding discontinued operations) posted EUR 4.7
million during the period under review (previous year: EUR 4.8 million).

Equity had climbed to EUR 96.0 million by the reporting date of 31 March
2014 (31 December 2013: EUR 94.7 million). The Allgeier Group had cash and
cash equivalents of EUR 39.6 million as of 31 March 2014 (excluding
discontinued operations) at its disposal (31 December 2013: EUR 46.7
million). The lower level is largely attributable to a reduction in the use
of the factoring of trade receivables and other changes in working capital.
Current and non-current financial liabilities declined marginally to EUR
75.2 million as of 31 March 2014 (31 December 2013: EUR 75.5 million). The
preliminary balance sheet total stood at EUR 292.6 million as of 31 March
2014 (31 December 2013: EUR 289.3 million).

All the aforementioned IFRS figures are preliminary. The Interim Statement
of Allgeier SE as of 31 March 2014 will be released on 15 May 2014 and can
be viewed at the company’s website under www.allgeier.com.

Contact:
Allgeier SE
Dr. Christopher Große
Wehrlestraße 12
81679 Munich, Germany
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
e-mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for Business Performance
today: Allgeier combines the advantages of an international provider with
the merits of medium-sized companies with a growth strategy oriented
consistently to innovations and future trends, and an integrative business
model. Operating divisions, each with their individual specialist or
sector-related focal points, work together for more than 2,000 customers
from almost all sectors. With more than 4,600 salaried employees and over
1,300 freelance IT experts, Allgeier, as a one-stop shop, offers customers
a comprehensive portfolio of solutions and services. Allgeier’s customers
include globally operating groups as well as innovative medium-sized
operations that wish to secure strategic advantages through high-performing
IT solutions, intelligent software and flexible personnel services. This
high-growth company, which is based in Munich, Germany, 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 478 million of revenue in 2013. Allgeier SE was ranked first
in the Lünendonk(R) List 2013 of “Leading German medium-sized IT consulting
and system integration companies”. The Allgeier Experts Division ranks
among the top three IT personnel service-providers in Germany according to
the Lünendonk(R) 2013 market segment study “The market for recruiting,
mediating and managing IT freelancers in Germany”. The company is listed on
the regular 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.

28.04.2014 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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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