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DGAP-News: ALLGEIER SE / Key word(s): Statement
Munich, July 12, 2022 – BaFin announced today that it will review the consolidated financial statements of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) as of December 31, 2020, to determine whether the spin-off of Nagarro SE is recognized and presented in accordance with the affected IFRS requirements. The audit matters raised concern questions about the presentation of individual items in the income statement and the balance sheet with regard to the balance sheet recognition of the spin-off in the context of the discontinued operations. We are examining the points raised and will discuss them with BaFin as part of the examination procedure. According to our current knowledge, the relevant disclosure topics exclusively affect the disclosure for the financial year 2020. The implementation and validity of the spin-off as such and also the continuing operations of Allgeier SE as well as the annual and consolidated financial statements of Allgeier SE for 2021 and subsequent years are not affected. We will provide further information on the results of the audit at the appropriate time.
Allgeier SE is one of the leading technology companies for digital transformation: The fast-growing group with headquarters in Munich guides its clients through the challenges of digital transformation to ensure their future success. Allgeier has a broad and stable customer base of globally active corporations, high-performance medium-sized companies and public sector clients. To its more than 2,000 customers, Allgeier offers a fully comprehensive IT and software services portfolio ranging from high-end software development to business efficiency solutions to support the digitization and transformation of business-critical processes. In doing so, Allgeier achieves breakthroughs towards new digital business models, defines strategic priorities and implements groundbreaking projects with high flexibility and scalability to shape agile and intelligent organizations for the digital age. The two group segments Enterprise IT and mgm technology partners employ over 3,000 salaried staff and more than 1,000 freelance experts at a total of 42 locations worldwide in the DACH region, France and the Czech Republic, as well as in India, Vietnam and the USA. In fiscal year 2021, Allgeier generated revenues of EUR 403 million in continuing operations. According to the Lünendonk® List 2022, Allgeier is one of the leading IT service companies in Germany. Allgeier SE is listed on the Regulated Market of the Frankfurt Stock Exchange in the General Standard (WKN A2GS63, ISIN DE000A2GS633). Further information at: www.allgeier.com