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Investor Relations
Allgeier SE: Allgeier reports revenue and earnings growth in first three quarters of 2016

10/28/2016

Munich, October 28, 2016, 15:43 h – During the first nine months of its 2016 financial year (January 1, 2016 to September 30, 2016), Allgeier SE (ISIN DE0005086300, WKN 508630) reports continued growth in its total operating revenue and results from its continuing operations, according to preliminary figures. Earnings trends in the third quarter 2016 were characterized by investments in building up the company and organic growth in the Experts and IT Solutions business areas. The Technology business area continues to register double-digit earnings growth.

Business trends during the first nine months of 2016

In sum, preliminary total operating revenue in continuing operations generated across the Group during the first three quarters of 2016 (January 1, 2016 – September 30, 2016) grew 12 percent compared with the first nine months of 2015 to reach EUR 367.2 million (previous year: EUR 328.2 million). Adjusted consolidated EBITDA (EBITDA before effects that qualify operationally as extraordinary or relating to other accounting periods) reported an increase of 22 percent to EUR 24.8 million (previous year: EUR 20.4 million). Preliminary consolidated EBITDA from continuing operations of EUR 22.6 million during the same period represents a 27 percent increase compared with the previous year’s result (previous year: EUR 17.8 million). Preliminary consolidated EBIT (earnings before interest and tax) in continuing operations of EUR 14.8 million in the reporting period reflect 67 percent year-on-year growth (previous year: EUR 8.9 million). Corresponding preliminary EBT (earnings before tax) for the accounting period amounted to EUR 12.0 million in the continuing operations (previous year: EUR 4.9 million).

Q3 2016 business trends

According to preliminary figures, consolidated total operating revenue in the continuing operations amounted to EUR 126.4 million in the third quarter of 2016 (July 1, 2016 – September 30, 2016), representing a 8 percent year-on-year rise (previous year: EUR 117.0 million). Adjusted consolidated EBITDA (EBITDA before effects that qualify operationally as extraordinary or relating to other accounting periods) of EUR 9.5 million was slightly above the previous year’s result (previous year: EUR 9.4 million). Preliminary consolidated EBITDA in continuing operations stood at EUR 9.2 million for the third quarter of 2016, EUR 0.2 million above the equivalent figure for the previous-year period (previous year: EUR 9.0 million). Preliminary consolidated EBIT (earnings before interest and tax) in continuing operations of EUR 6.7 million reflect a 20 percent increase compared with the prior-year period (previous year: EUR 5.6 million).

Key balance sheet financials as of September 30, 2016

Preliminary equity amounted to EUR 113.5 million as of September 30, 2016 (December 31, 2015: EUR 115.7 million). The Allgeier Group had EUR 61.0 million of liquid assets available (on the basis of preliminary figures) as of the reporting date (December 31, 2015: EUR 83.7 million). Preliminary total assets stood at EUR 328.2 million as of September 30, 2016 (December 31, 2015: EUR 328.0 million).

All of the aforementioned IFRS figures are preliminary. An interim report of Allgeier SE as of September 30, 2016 will be published on November 14, 2016, when it can be viewed at www.allgeier.com.