Investor Relations
DGAP-Adhoc: Allgeier SE: Allgeier reports growth in revenues and earnings, in the business year 2015

03/18/2016

ALLGEIER SE  / Key word(s): Preliminary Results

18.03.2016 12:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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

Munich, 18 March 2016 - Allgeier SE (ISIN DE0005086300, WKN 5086630)
records growth in revenues and EBITDA in the financial year 2015 (1 January
2015 - 31 December 2015), according to preliminary figures. In the past
business year, the group sold its subsidiaries b+m Informatik AG, Melsdorf,
and terna Group, based in Innsbruck, Austria, as well as the segment
Storage of the Allgeier (Switzerland) AG, based in Thawil, Switzerland.
These units are shown as discontinued operations. By selling these units,
the group yielded a return of EUR 10.0 million before tax, according to
preliminary figures. For the next general meeting, the Executive Board
takes this as an occasion to suggest besides the normal dividend a special
dividend of EUR 0.20 for each share. Furthermore, the Munich-based Talentry
GmbH, is also shown within the discontinued operations due to pending
negotiations about a change in the shareholder structure to achieve
strategic future development.

Group's business development

In total, the preliminary total revenues from continued and discontinued
operations in the past financial year 2015 increased by 9 per cent to EUR
498.9 million (previous year: EUR 456.5 million). The group's preliminary
operative EBITDA (before extraordinary effects and effects relating to
other periods) from continued and discontinued operations rose
disproportionately by 15 per cent to EUR 29.3 million, compared to the same
period the year before (previous year: EUR 25.3 million). Allgeier's
preliminary EBITDA including extraordinary effects and effects relating to
other periods improved by 13 per cent to EUR 27.1 million, during the
period (previous year: EUR 24.0 million). The group's preliminary EBIT of
the period was at EUR 12.6 million (previous year: EUR 10.5 million) and
was thus 20 per cent above previous year's EBIT. The Allgeier group
recorded preliminary earnings before tax to the amount of EUR 8.8 million
(previous year: EUR 5.5 million).

Performance of continued operations 

The preliminary group revenue from continued operations in the financial
year 2015 increased to EUR 452.2 million (continued operations previous
year: EUR 384.2 million) which means an increase of 18 per cent. The
group's preliminary operative EBITDA (before extraordinary effects and
effects relating to other periods) of the continued operations increased by
11 per cent to EUR 25.3 million (continued operations previous year: EUR
22.8 million). Allgeier's preliminary EBITDA from continued operations
including extraordinary effects and effects relating to other periods
improved by 10 per cent to EUR 23.2 million, during the period (continued
operations of the previous year: EUR 21.0 million). The group's preliminary
EBIT from continued operations was at EUR 10.4 million (continued
operations from the previous year: EUR 10.3 million). The Allgeier group
achieved preliminary earnings before tax from continued operations to the
amount of EUR 6.3 million (previous year: EUR 5.4 million).

Balance sheet benchmark data as of 31 December 2015

On the balance sheet date, 31 December 2015, preliminary equity rose to EUR
116 million (previous year: EUR 100.7 million). The Allgeier group had cash
and cash equivalents at its disposal as of the end of 2015 in the amount of
EUR 83.7 million, according to preliminary figures (previous year: EUR 98.0
million). Preliminary current and non-current financial liabilities on the
balance sheet closing date were at EUR 110.7 million (previous year: EUR
125.2 million). The preliminary balance sheet total at the end of the
financial year 2015 stood at EUR 328 million (previous year: EUR 329.8
million).

Outlook for the financial year 2016

The Executive Board expects a continuing growth for the business year 2016,
according to current plans. The group's revenues from continued operations
are expected to grow more than 10 per cent. The group's operative EBITDA
(before extraordinary effects and effects relating to other periods) from
continued operations is to grow disproportionately, according to Allgeier's
plans, which expect a moderate increase of the EBITDA margin. These
projections refer to the development of the actual group only. They do not
content changes in portfolio so far neither through additional acquisitions
nor additional disinvestments.

Note

All of the IFRS figures quoted in this announcement for financial year 2015
are preliminary and have not yet been conclusively verified by the group
auditor. The aforementioned annual results from continued operations are
not comparable with the Allgeier annual report 2014 owing to the
retrospective adjustment in the previous year to account for the disposal
of the units. Publication of the Allgeier annual report for 2015 is
scheduled for 29 April 2016. The statements on the year 2016 represent
expectations based on current plans and projections; there is no certainty
that they will be realized.

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
E-Mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for Business Performance
today: Allgeier combines the advantages of an international provider with
the merits of medium-sized companies with a growth strategy oriented
consistently to innovations and future trends, and an integrative business
model. Operating divisions, each with their individual specialist or
sector-related focal points, work together for more than 3,000 customers
from almost all sectors. With a highly flexible delivery model, Allgeier
covers the full range of IT services, from on-site and nearshore through to
offshore: A strong presence in India ensures flexibility and maximum
scalability of the services, supplemented by highly qualified expertise in
high-end software development. With more than 6,000 salaried employees and
around 1,300 freelance IT experts, Allgeier, as a one-stop shop, offers
customers a comprehensive portfolio of solutions and services. Allgeier's
customers include globally operating groups as well as innovative
medium-sized operations that wish to secure strategic advantages through
high-performing IT solutions, intelligent software and flexible personnel
services. This high-growth company, which is based in Munich, Germany,
operates more than 90 sites in the German-speaking region, and at further
locations in the rest of Europe, as well as in India, Singapore, Vietnam,
Mexico and the USA. In 2015 Allgeier generated EUR 452 million of revenue
(continued operations), according to preliminary figures. Allgeier SE was
ranked first in the Lünendonk(R) List 2015 of "Leading German medium-sized
IT consulting and system integration companies". The Allgeier Experts
division ranks among the top three IT personnel service-providers in
Germany according to the Lünendonk(R) 2015 market segment study "The market
for recruiting, mediating and managing IT freelancers in Germany". The
company is listed on the regular market of the Frankfurt Stock Exchange in
the General Standard segment (WKN 508630/ISIN DE0005086300). Further
information is available on the company's website at: www.allgeier.com.


18.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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 (General Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------