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).<\/p>\n
The group increased sales by 28% to EUR 171 million in the first half of 2011, compared to the figure from the previous year of EUR 133.7 million. This increase is partly the result of\u00a0 organic growth of 17% in the first half of the year (taking account of the assets acquired in two insolvent companies: BSH Systemhaus GmbH and the IPS Information- und\u00a0 Prozesssysteme business division of MCE Computer Peripherie GmbH). In addition, sales were further boosted by the full consolidation of the BSR & Partner und Terna group\u00a0 companies, which were acquired in 2010. In June 2011, 1eEurope Switzerland AG, which was acquired in May, was also consolidated into the group of companies. During the first half\u00a0 year, EBITDA (earnings before interest, taxes, depreciation and amortisation) grew by 69% to EUR 8.8 million, compared with last year’s figure of EUR 5.2 million. EBITA (earnings before interest, taxes and amortisation on purchase price allocations) grew by 79% to EUR 7.5 million, compared with last year’s figure of EUR 4.2 million, while the EBIT\u00a0\u00a0 (earnings before interest and taxes) 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% to EUR 87.6 million, up from last year’s figure of EUR 71.7 million. EBIT grew by 28% to EUR 3.2 million,\u00a0 compared with EUR 2.5 million in 2010), while EBIT grew by 18% to EUR 2.0 million from last year’s figure of EUR 1.7 million. In the second quarter results were affected by the lower number of working days. Furthermore, one-off reorganisation costs were incurred in one of the companies in the group amounting to EUR 150,000 in the first quarter and to EUR\u00a0 50,000 in the second quarter.<\/p>\n