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Publication of inside information pursuant to Art. 17 MAR
Munich, December 11, 2018 – The Management Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), Munich, today approved the Group planning for 2019 and prepared a forecast for the end of 2018 based on the preliminary Group figures for October 2018.
In the Annual Report for 2017, the Management Board issued the following guidance for the Group for 2018: Group sales should grow by between 18 and 23 percent. Group EBITDA should grow disproportionately and reach an EBITDA margin of between 6.0 and 6.5 percent.
Measured against the current forecast for 2018 as a whole, the targets mentioned will be achieved as follows: For the Group as a whole (continuing and non-continuing operations), the Management Board expects revenue growth of 22 percent and value added growth of 27 percent for the 2018 financial year. Before extraordinary expenses and effects relating to other periods, the EBITDA margin is expected to be 6.5 percent. The EBITDA margin is expected to be 5.1 percent. For the Group as a whole, this means expected sales of around EUR 700 million, EBITDA of EUR 35.6 million and EBITDA adjusted for extraordinary expenses and effects relating to other periods of EUR 45.4 million. Due to the advanced stage of the decision regarding the announced separation of the Allgeier Experts segment (see ad hoc release dated July 09, 2018), the Experts segment is expected to be reported as non-continuing operations in the consolidated financial statements for 2018.
The planning for the 2019 financial year shows a development that continues the positive trend of the 2018 financial year: For the Group as a whole (continuing and non-continuing operations), revenue growth of 17 percent with an EBITDA margin of between 6.5 and 7.0 percent is planned. This means planned sales of around EUR 820 million and planned EBITDA of around EUR 56 million. The planning for the companies acquired in 2018 is still preliminary and will be finalised in the first quarter of 2019.
The planning relates exclusively to the organic growth of the Group. Future acquisitions in the individual divisions can make an additional contribution to growth.
It should be noted that all figures stated for 2018 represent expectations of the Management Board and are therefore preliminary. All forward-looking planning statements are based on assumptions and estimates made by the Group Management Board. Even if the Management Board has the opinion that these assumptions and estimates are correct, future actual developments and future actual results may differ considerably from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the overall economic situation, exchange rates, interest rates, market developments and competitive conditions. Allgeier SE does not warrant or represent that future developments and actual future results will be consistent with the assumptions and estimates contained in this ad hoc announcement.