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Investor Relations
Allgeier SE: Supervisory Board approves annual financial statements and makes dividend proposal

04/28/2014

Munich, 28 April 2014 – In its meeting on 28 April 2014, the Supervisory Board of Allgeier SE (ISIN DE0005086300, WKN 508630) ratified the audited financial statements of Allgeier SE at company and at Group level for the financial year 2013. The annual financial statements are thereby adopted. The final consolidated figures largely correspond to the preliminary figures announced in the ad-hoc release dated 18 March 2014.

Development of revenue and profit pursuant to IFRS

Allgeier SE reported further growth in the financial year 2013 (1 January 2013 to 31 December 2013). The Group intends to divest part of its business, a decision reflected as discontinued operations in the annual financial statements prepared in accordance with IFRS.

Consolidated revenues in 2013 from continuing and discontinued operations under IFRS rose to EUR 477.6 million (previous year: EUR 422.8 million), which corresponds to growth of 13 percent. Group EBITDA from continuing and discontinued operations climbed by 28 percent to EUR 30.1 million (previous year: EUR 23.5 million). Group EBIT (earnings before interest and tax) from continuing and discontinued operations soared by 61 percent to EUR 15.6 million (previous year: EUR 9.7 million). Net of interest, the Group achieved earnings before tax from continuing and discontinued business of EUR 11.4 million (previous year: EUR 6.7 million). Including the result of EUR -0.3 million from operations already divested (previous year: EUR 5.1 million), the Group reported an after-tax profit of EUR 3.7 million for the period under review (previous year: EUR 9.2 million). Revenue from continuing operations stood at EUR 421.3 million in the financial year ended (previous year: EUR 374.8 million). EBITDA from continuing operations posted EUR 27.9 million during the period under review (previous year: EUR 23.3 million).

Earnings per share from continuing and discontinued operations therefore stood at EUR 0.42 in the reporting year (previous year: EUR 1.05). Earnings per share from continuing and discontinued operations adjusted for depreciation and amortisation from acquisition activities and other extraordinary effects came in at EUR 1.63 (previous year: EUR 1.91).

Key balance sheet figures

Equity had risen to EUR 94.7 million by 31 December 2013 (previous year: EUR 93.4 million). As of 31 December 2013, the Allgeier Group had cash and cash equivalents of EUR 46.7 million (excluding discontinued operations) at its disposal (previous year: EUR 38.9 million). Current and non-current financial liabilities rose marginally to EUR 75.5 million as of the reporting date (previous year: EUR 73.8 million). The balance sheet total amounted to EUR 289.3 million (previous year: EUR 289.6 million).

Application of unappropriated retained earnings

The Management and Supervisory boards have passed a resolution today, April 28, 2014, to put forward a proposal to the Annual General Meeting concerning the distribution of dividend of EUR 0.50 per share from the unappropriated retained earnings of EUR 27,381,862.33 as reported in the financial statements of Allgeier SE as at 31 December 2013. The remaining retained earnings are to be carried forward to new account.

The figures for 2012 have been adjusted accordingly to take account of IFRS amendments. The Annual Report 2013 will be issued on 30 April 2014 and can be viewed on the company’s website at www.allgeier.com.