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Publication of inside information pursuant to Art. 17 MAR
Munich, November 10, 2020 – Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), Munich, announces that Nagarro, which is planned to be spun-off, targets the organic revenue growth rate to be in the region of 15% in 2021 and to return to historical levels (2017-2019) in the medium term according to current planning. In the medium term, Nagarro targets an adjusted EBITDA margin in the region of approximately 15%. The planning of the remaining Allgeier group for the financial year 2021 will be finalized in December 2020.
It is pointed out that statements for periods after September 30, 2020 represent expectations of the Management Board based on assumptions and estimates. Future actual developments and future actual results may differ from these assumptions and estimates. Neither Allgeier SE nor Nagarro SE warrant or represent that future developments and future actual results will be consistent with the assumptions and estimates expressed in this ad hoc release.