ALLGEIER HOLDING AG \/ Key word(s): Half Year Results<\/b><\/p>\n
11.08.2011 12:36<\/p>\n
Dissemination of an Ad hoc announcement according to \u00a7 15 WpHG, transmitted
\nby DGAP – a company of EquityStory AG.
\nThe issuer is solely responsible for the content of this announcement.<\/p>\n
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Munich, 11 August 2011 – Allgeier Holding AG (ISIN DE000508630 \/ WKN
\n508630) has been able to significantly increase both sales and earnings in
\nthe first half of 2011 (1 January 2011 – 30 June 2011).<\/p>\n
The group increased sales by 28% to EUR 171 million in the first half of
\n2011, compared to the figure from the previous year of EUR 133.7 million.
\nThis increase is partly the result of organic growth of 17% in the first
\nhalf of the year (taking account of the assets acquired in two insolvent
\ncompanies: BSH Systemhaus GmbH and the IPS Information- und Prozesssysteme
\nbusiness division of MCE Computer Peripherie GmbH). In addition, sales were
\nfurther boosted by the full consolidation of the BSR & Partner und Terna
\ngroup companies, which were acquired in 2010. In June 2011, 1eEurope
\nSwitzerland AG, which was acquired in May, was also consolidated into the
\ngroup of companies. During the first half year, EBITDA (earnings before
\ninterest, taxes, depreciation and amortisation) grew by 69% to EUR 8.8
\nmillion, compared with last year’s figure of EUR 5.2 million. EBITA
\n(earnings before interest, taxes and amortisation on purchase price
\nallocations) grew by 79% to EUR 7.5 million, compared with last year’s
\nfigure of EUR 4.2 million, while the EBIT (earnings before interest and
\ntaxes) grew by 93% to EUR 5.2 million, up from EUR 2.7 million last year.<\/p>\n
In the second quarter (1 April 2011 – 30 June 2011), sales increased by 22%
\nto EUR 87.6 million, up from last year’s figure of EUR 71.7 million. EBIT
\ngrew by 28% to EUR 3.2 million, compared with EUR 2.5 million in 2010),
\nwhile EBIT grew by 18% to EUR 2.0 million from last year’s figure of EUR
\n1.7 million. In the second quarter results were affected by the lower
\nnumber of working days. Furthermore, one-off reorganisation costs were
\nincurred in one of the companies in the group amounting to EUR 150,000 in
\nthe first quarter and to EUR 650,000 in the second quarter.<\/p>\n
The report on the first half of the year can be viewed at www.allgeier.com.<\/p>\n
Contact:
\nAllgeier Holding AG
\nWehrlestr. 12
\n81679 Munich
\nPhone: +49 (0)89\/998421-0
\nFax: +49 (0)89\/998421-11
\nE-mail: ir@allgeier-holding.de
\nWeb: www.allgeier.com<\/p>\n
Allgeier Holding AG, with its headquarters in Munich, is one of the leading
\nconsultancy and service companies in the German-speaking countries. With
\ntheir units IT Solutions, IT Services & Recruiting and Project Solutions,
\nAllgeier offers a comprehensive range of services from the initial concept
\nthrough implementation to the operation of IT landscapes. Allgeier Group
\nhas 16 operational subsidiaries with over 2,200 employees as well as more
\nthan 1,400 freelance experts serving some 3,000 customers in virtually
\nevery area of the economy. In Germany, the Group runs 52 subsidiaries as
\nwell as 25 offices in Austria, Belgium, France, the Netherlands, Romania,
\nSweden, Switzerland and the Czech Republic as well as in India, Mexico and
\nUnited States. During the 2010 financial year, Allgeier achieved sales of
\nEUR 308.7 million. According to L\u00fcnendonk’s market segment survey in 2010,
\nAllgeier ranks no. 2 among the medium-sized IT service companies and no. 2
\namong IT recruitment companies in Germany. The company is listed at the
\nFrankfurt Stock Exchange.<\/p>\n
11.08.2011 DGAP’s Distribution Services include Regulatory Announcements,
\nFinancial\/Corporate News and Press Releases.
\nMedia archive at www.dgap-medientreff.de and www.dgap.de<\/p>\n
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Language: English
\nCompany: ALLGEIER HOLDING AG
\n Wehrlestra\u00dfe 12
\n 81679 M\u00fcnchen
\n Germany
\nPhone: +49 (0) 89 – 99 84 21 0
\nFax: +49 (0) 89 – 99 84 21 11
\nE-mail: info@allgeier.com
\nInternet: http:\/\/www.allgeier.com
\nISIN: DE0005086300
\nWKN: 508630
\nIndices: CDAX
\nListed: Regulierter Markt in Frankfurt (General Standard);
\n Freiverkehr in Berlin, D\u00fcsseldorf, Hamburg, Stuttgart<\/p>\n
End of Announcement DGAP News-Service<\/p>\n
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Munich, 11 August 2011 – Allgeier Holding AG (ISIN DE000508630 \/ WKN 508630) has been able to significantly increase both sales and earnings in the first half of 2011 (1 January 2011 – 30 June 2011). The group increased sales by 28% to EUR 171 milli<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":219,"menu_order":0,"comment_status":"close","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-10891","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n