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Publication of inside information pursuant to Art. 17 MAR
Munich, December 18, 2017 – The Management Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), Munich, has today approved its Group planning for 2018 and prepared a forecast for the 2017 year-end based on preliminary consolidated figures for November 2017, which have been available since today.
In the 2016 Annual Report, the Management Board issued the following forecast for 2017 for the Group’s individual divisions: the Solutions area (renamed Enterprise Services) is expected grow its revenue between 60 and 70% and achieve a 4% EBITDA margin; the Experts area is anticipated to report 4 to 5% revenue growth and generate a 3% EBITDA margin; the Technology area is expected to achieve 14% revenue growth and an EBITDA margin between 10 and 15%.
In terms of the current forecast for the full 2017 year, the specified targets are achieved as follows:
For the full 2017 year, the Management Board expects growth in consolidated total operating revenue of 15%, and value creation up 14%. The EBITDA margin will prospectively amount to 4.6%, and to around 4.9% before extraordinary costs and expenses relating to other accounting periods. As a consequence, the company expects total operating revenue of around EUR 582 million and EBITDA of EUR 26.6 million, or EBITDA of EUR 28.6 million before extraordinary costs and expenses relating to other accounting periods.
The planning for the 2018 financial year reflects a continuation of the positive trend during the second half of 2017:
Overall, the planning for 2018 for the Group generates planned revenue growth of 19% and an EBITDA margin between 6 and 6.5%. This signifies planned revenue EUR 685 million and budgeted EBITDA of around EUR 43 million.
This planning relates exclusively to organic Group growth. Acquisitions in the individual business areas can make an additional contribution to growth.
Please note that all of the aforementioned figures for 2017 represent expectations on the part of the Management Board, and are provisional as a consequence. All forward-looking statements relating to planning are based on assumptions and estimates made by the Group Management Board. Although the Management Board is of the opinion that such assumptions and estimates are appropriate, future actual developments and future actual results can differ considerably from such assumptions and estimates due to various factors. Examples of such factors include changes in the macroeconomic situation, exchange rates, interest rates as well as changes within market trends and competitive situations. Allgeier SE assumes no warranty and no liability for future developments and for results actually achieved in the future being consistent with the assumptions and estimates expressed in this ad hoc statement.