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    Allgeier SE

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Investor Relations
Allgeier SE: Allgeier reports stable development in the first quarter of 2014

04/28/2014

Munich, 28 April 2014 – According to preliminary figures, Allgeier SE (ISIN DE0005086300, WKN 508630) reports a stable development in the first three months of the financial year 2014 (1 January 2014 – 31 March 2014). The Group intends to divest part of its business, a decision reflected in the quarterly figures drawn up in accordance with IFRS as discontinued operations.

Preliminary consolidated revenue, including discontinued operations, rose slightly by 1 percent to EUR 111.0 million in the first quarter of 2014 compared with the first three months of 2013 (EUR 110.2 million). Preliminary EBITDA, including discontinued operations, climbed by 6 percent to EUR 5.1 million in a year-on-year comparison (previous year: EUR 4.8 million). Preliminary earnings before interest and tax (EBIT), including discontinued operations, advanced to EUR 2.0 million (previous year: EUR 1.8 million). Earnings before tax (EBT) increased to EUR 1.3 million (previous year: EUR 1.0 million). After deduction of tax expenses of EUR 0.6 million (previous year: EUR 0.5 million), Allgeier generated a preliminary profit of EUR 0.7 million in the first quarter of 2014 (previous year: EUR 0.4 million). Revenue generated by continuing operations (excluding discontinued operations) stood at EUR 100.4 million in the first quarter of 2014 (previous year: EUR 98.6 million). EBITDA from continuing operations (excluding discontinued operations) posted EUR 4.7 million during the period under review (previous year: EUR 4.8 million).

Equity had climbed to EUR 96.0 million by the reporting date of 31 March 2014 (31 December 2013: EUR 94.7 million). The Allgeier Group had cash and cash equivalents of EUR 39.6 million as of 31 March 2014 (excluding discontinued operations) at its disposal (31 December 2013: EUR 46.7 million). The lower level is largely attributable to a reduction in the use of the factoring of trade receivables and other changes in working capital. Current and non-current financial liabilities declined marginally to EUR 75.2 million as of 31 March 2014 (31 December 2013: EUR 75.5 million). The preliminary balance sheet total stood at EUR 292.6 million as of 31 March 2014 (31 December 2013: EUR 289.3 million).

All the aforementioned IFRS figures are preliminary. The Interim Statement of Allgeier SE as of 31 March 2014 will be released on 15 May 2014 and can be viewed at the company’s website under www.allgeier.com.