Investor Relations
DGAP-Adhoc: Allgeier SE: Allgeier lifts earnings and achieves double-digit revenue growth in the third quarter of 2017

10/27/2017

DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Quarter Results/9-month figures
Allgeier SE: Allgeier lifts earnings and achieves double-digit revenue
growth in the third quarter of 2017

27-Oct-2017 / 16:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, October 26, 2017 - According to preliminary figures, Munich-based
Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) reports double-digit growth in
its total operating revenue in the first nine months of the financial year
2017 (January 1, 2017 - September 30, 2017). The extensive investments in
growth that burdened the first half of 2017 began to pay off in the third
quarter of 2017. Allgeier therefore delivered a result in the third quarter
of 2017 that was again considerably higher than in the quarters of the first
half year, in line with planning.

Business trends in the third quarter of 2017

In the third quarter of 2017 (July 1, 2017 - September 30, 2017), the Group
reported an increase in total operating revenues of 16 percent to EUR 147
million compared with the year-earlier period (previous year: EUR 126
million; all year-earlier figures pertain to continuing operations).
Adjusted consolidated EBITDA (EBITDA before effects qualified as
extraordinary in operating terms or relating to other accounting periods)
amounted to EUR 10.2 million, reflecting growth of 8 percent compared with
the previous year's period (EUR 9.5 million). Consolidated EBITDA came in at
EUR 10.0 million, up 9 percent compared with the third quarter of 2016 (EUR
9.2 million). Consolidated EBIT (earnings before interest and tax) stood at
EUR 7.0 million (previous year: (EUR 6.7 million).

Business trends in the first nine months of 2017

Overall, the Group's total operating revenue climbed by 15 percent to EUR
423 million in the first nine months of 2017 compared with same period in
2016 (EUR 367 million).

According to the preliminary figures, value added (total operating
performance minus direct personnel and other costs) rose 16 percent in the
first nine months of 2017. As described in the adhoc announcement of August
8, 2017, the earnings position was impacted by extensive investments in the
first half of 2017. The third quarter saw the earnings position begin to
return to normal levels again on the back of revenue growth.

Adjusted consolidated EBITDA (EBITDA before effects qualified as
extraordinary in operating terms or relating to other accounting periods)
amounted to EUR 19.7 million in the period under review (previous year: EUR
24.8 million). Consolidated EBITDA stood at EUR 20.1 million (previous year:
EUR 22.6 million). Consolidated EBIT (earnings before interest and tax)
stood at EUR 10.9 million (previous year: EUR 14.8 million).

Key balance sheet financials as of September 30, 2017

Equity stood at EUR 124.2 million as of the reporting date on September 30,
2017 (December 31, 2016: EUR 116.9 million). The Allgeier Group had liquid
assets of EUR 56.2 million at its disposal as of the reporting date
(December 31, 2016: EUR 71.8 million). The balance sheet total amounted to
EUR 348.3 million (previous year: EUR 344.4 million).

Note

All of the aforementioned figures are determined in accordance with IFRS and
represent a preliminary status that may change in the period leading up to
the release of the interim report. All information on the previous year
pertains to continuing operations. A voluntary interim report of Allgeier SE
as of September 30, 2017 will be published on November 17, 2017 and can then
be viewed on the company's website 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 digital transformation:
with a growth strategy oriented to innovations and future trends, as well as
an integrative business model, Allgeier exploits the opportunities that
digitalization offers. Three operating segments with individual specialist
and sector-related focus areas work together for around than 3,000 customers
from almost all business sectors. With over 6,800 salaried employees and
more than 1,300 freelance experts, Allgeier offers its customers an
extensive one-stop-shop range of solutions and services. Based on a highly
flexible delivery model, Allgeier covers the entire IT service spectrum from
on-site through to nearshore and offshore: with 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 100 branches in the region of Germany, Austria and Switzerland, in nine
further European countries, as well as in India, Singapore, Vietnam,
Malaysia, Japan, Australia, Mexico and the USA. Allgeier generated EUR 498
million of revenue in its continuing operations in 2016. Allgeier SE ranks
first in the 2017 Lünendonk(R) special analysis of "Leading German
Medium-Sized IT Consultants and System Integrators". According to the
Lünendonk(R) 2017 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 A2GS63, ISIN
DE000A2GS633). For more information, visit: www.allgeier.com.


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   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:        DE000A2GS633
   WKN:         A2GS63
   Indices:     CDAX
   Listed:      Regulated Market in Frankfurt (General Standard);
                Regulated Unofficial Market in Berlin, Dusseldorf,
                Hamburg, Stuttgart, Tradegate Exchange



   End of Announcement    DGAP News Service
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623471 27-Oct-2017 CET/CEST