Investor Relations
DGAP-Adhoc: Allgeier SE: Allgeier reports significant H1 2016 revenue and earnings growth

08/04/2016

ALLGEIER SE  / Key word(s): Half Year Results

04.08.2016 17:02

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Munich, August 3, 2016 - During the first six months of its 2016 financial
year (January 1, 2016 to June 30, 2016), Allgeier SE (ISIN DE0005086300,
WKN 508630) reports double-digit  growth in its total operating revenue and
results from its continuing operations, according to preliminary figures.
The good development of the first quarter of year has continued into the
second quarter of 2016.

Q2 2016 business trends

After Allgeier had already reported double-digit revenue and earnings
growth in the first quarter of 2016, the Group has continued to advance
revenue and earnings at a significant rate during the second quarter of
2016 (April 1, 2016 - June 30, 2016). Total preliminary operating revenue
was up 12 per cent compared with the previous year's equivalent period to
reach EUR 127 million (previous year: EUR 113 million). Adjusted
consolidated Group-EBITDA (EBITDA before effects that qualify operationally
as extraordinary or relating to other accounting periods) of EUR 10.1
million was up by 42 per cent compared with the previous year's result
(previous year: EUR 7.1 million). Preliminary consolidated EBITDA in
continuing operations amounted to EUR 7.6 million for the second quarter,
19 per cent above the equivalent figure for the previous-year period
(previous year: EUR 6.4 million). Preliminary consolidated EBIT (earnings
before interest and tax) in continuing operations of EUR 4.8 million
reflect 50 per cent year-on-year growth (previous year: EUR 3.2 million).

H1 2016 business trends

In sum, preliminary total operating revenue in continuing operations
generated across the Group during the first half of 2016 increased by 13
per cent compared with the first six months of 2015 to reach EUR 243
million (previous year: EUR 215 million). Adjusted consolidated Group-
EBITDA (EBITDA before effects that qualify operationally as extraordinary
or relating to other accounting periods) reported a rise of 38 per cent to
EUR 14.8 million (previous year: EUR 10.7 million). Preliminary
consolidated Group-EBITDA from continuing operations of EUR 12.9 million
represents 49 per cent growth compared with the previous year's result
(previous year: EUR 8.6 million). Preliminary consolidated EBIT (earnings
before interest and tax) in continuing operations of EUR 7.3 million in the
accounting period under review are also up significantly on the previous
year (previous year: EUR 2.8 million).

Key balance sheet financials as of June 30, 2016

Preliminary equity amounted to EUR 111.8 million as of June 30, 2016
(December 31, 2015: EUR 115.7 million). The Allgeier Group had EUR 64.2
million of liquid assets available (on the basis of preliminary figures) as
of the balance sheet date (December 31, 2015: EUR 83.7 million). This
change is mainly due to changes in working capital and tax payments.
Preliminary total assets stood at EUR 331.4 million as of June 30, 2016
(December 31, 2015: EUR 328.0 million).

Outlook for H2 2016

On the basis of its plans, the Executive Board expects the year-on-year
growth to continue during the second half of 2016. Total operating revenue
is set to increase by around 10 per cent during the second six months of
2016, according to Group planning. Adjusted consolidated Group-EBITDA
(EBITDA before effects that qualify operationally as extraordinary or
relating to other accounting periods) should continue to report a faster
rate of growth in the second half 2016 than the topline growth rate,
according to planning.

All of the aforementioned IFRS figures are preliminary. The Allgeier
interim report for the first half of the year 2016 will be published on
August 16, 2016, when it can be viewed at www.allgeier.com.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
Email: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for Business Performance:
with a growth strategy oriented to innovations and future trends, as well
as an integrative business model, Allgeier exploits the opportunities that
digitalisation offers. Three operating segments with individual specialist
and sector-related focuses work together for more than 3,000 customers from
almost all business sectors. With 6,100 salaried employees and more than
1,300 freelance experts, Allgeier offers its customers an extensive one-
stop-shop range of solutions and services. With a highly flexible delivery
model, Allgeier covers the entire IT service spectrum from on-site through
to nearshore and offshore: based on a strong business pillar in India, the
company secures flexibility and maximum scalability of services, as well as
highly qualified high-end software development expertise. Allgeier
customers include globally operating groups as well as innovative medium-
size business operations that aim to secure strategic advantages through
high-performance IT solutions, intelligent software and flexible personnel
services. This Munich-based, fast-growing Group maintains more than 90
branches in German-speaking countries, the rest of Europe, as well as in
India, Singapore, Vietnam, Mexico and the USA. Allgeier generated EUR 452
million of revenue in 2015 (continuing operations). Allgeier SE ranks first
in the 2016 Lünendonk(R) list of "Leading German Medium-Sized IT
Consultants and System Integrators". According to the Lünendonk(R) 2016
market segment study "The Market for Recruiting, Mediating and Managing IT
Freelancers in Germany", Allgeier Experts ranks among Germany's top three
IT personnel service providers. Allgeier SE is listed on the Regulated
Market of the Frankfurt Stock Exchange (WKN 508630, ISIN DE0005086300). For
more information, visit: www.allgeier.com.


04.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---------------------------------------------------------------------------
 
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:       Regulated Market in Frankfurt; Regulated Unofficial Market in
              Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate
              Exchange
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------