Munich, April 23, 2018 – At its meeting today, the Supervisory Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) has approved the audited separate and consolidated financial statements for Allgeier SE for the 2017 financial year. The separate annual financial statements have thereby been adopted. The finalized consolidated figures essentially correspond to the preliminary figures announced in an ad hoc release on March 15, 2018.

IFRS revenue and earnings trends

The Group reports double-digit growth in terms of both total operating revenue and value creation in the 2017 financial year (January 1, 2017 – December 31, 2017). The Group’s total operating revenue grew year-on-year to reach EUR 578.6 million in the 2017 financial year (previous year: EUR 501.0 million), representing 15 percent growth. Especially the Technology and Enterprise Services business areas contributed to this growth. Thanks to the acquisition of the business of Ciber Germany, the Enterprise Services business area achieved revenue growth exceeding 100 percent in the financial year elapsed. Consolidated value creation was up by 16 percent to EUR 156.8 million (previous year: EUR 135.9 million). Adjusted consolidated EBITDA (EBITDA before effects that qualify operationally as extraordinary or relating to other accounting periods) stood at EUR 29.3 million in the reporting period (previous year: EUR 33.8 million). As communicated in previous ad hoc announcements, the results for the first half of 2017 were particularly burdened by the costs of reorganizing the Experts business area as well as related hiring, representing an investment in future growth. Consolidated EBITDA (earnings before interest, tax, depreciation and amortization) amounted to EUR 26.5 million in the reporting year (previous year: EUR 31.5 million). Consolidated EBIT (earnings before interest and tax) stood at EUR 13.5 million in the year under review (previous year: EUR 17.8 million). The Group generated EUR 11.0 million of earnings before tax in the reporting year (previous year: EUR 13.9 million). The expense for income taxes amounted to EUR 6.5 million in the reporting period (previous year: EUR 7.2 million). After deducting interest, the Group consequently achieved EUR 4.5 million of net income in the period under review (previous year: EUR 6.7 million). Earnings per share (adjusted for amortization relating to acquisition activity, and with normalized taxes) amounted to EUR 1.09 during the reporting year (prior year: EUR 1.47).

Key balance sheet financials as of December 31, 2017

Equity stood at EUR 122.8 million as of the December 31, 2017 reporting date (previous year: EUR 116.9 million). The Allgeier Group had liquid assets of EUR 53.0 million at its disposal as of the 2017 year-end (previous year: EUR 71.8 million). Current and non-current financial liabilities have reduced to EUR 108.8 million as of the reporting date (previous year: EUR 113.6 million). Total assets stood at EUR 337.9 million as of December 31, 2017 (December 31, 2016: EUR 344.4 million).

Application of profits

The Supervisory Board has today, April 23, 2018, passed a resolution to propose to the Annual General Meeting to distribute a dividend of EUR 0.50 per share to the shareholders from the unappropriated net profit of EUR 27,188,374.40 as reported as of December 31, 2017 in the separate annual financial statements of Allgeier SE. The remaining unappropriated net profit is to be carried forward to a new account.

FY 2018 outlook

Current planning for the 2018 financial year reflects a continuation of the positive trend during the second half of 2017. Accordingly, Allgeier SE plans growth in its consolidated sales revenue of between 18 and 23 percent, and an EBITDA margin between 6.0 and 6.5 percent, for the 2018 financial year. These planning figures relate exclusively to the organic development of the currently existing Group, including the company Anecon, which was acquired in January 2018, and excluding other changes to the portfolio. Further acquisitions in the individual business areas can make an additional contribution to growth.

Note

The Allgeier 2017 annual report will be published on April 27, 2018, when it can be viewed at www.allgeier.com.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Germany
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
e-mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for digital transformation: with a growth strategy oriented to innovations and future trends, as well as an integrative business model, Allgeier exploits the opportunities that digitalization offers. Three operating segments with individual specialist and sector-related focus areas work together for around 3,000 customers from almost all business sectors. With more than 7,000 salaried employees and around 1,400 freelance experts, Allgeier offers its customers an extensive one-stop-shop range of solutions and services. Based on a highly flexible delivery model, Allgeier covers the entire IT service spectrum from on-site through to nearshore and offshore: with a strong business pillar in India, the company secures flexibility and maximum scalability of services, as well as highly qualified high-end software development expertise. Allgeier customers include globally operating groups as well as innovative medium-size business operations that aim to secure strategic advantages through high-performance IT solutions, intelligent software and flexible personnel services. This Munich-based, fast-growing Group maintains 120 branches in the region of Germany, Austria and Switzerland, in nine further European countries, as well as in India, Singapore, Vietnam, Malaysia, Japan, Australia, Mexico and the USA. Allgeier generated EUR 582 million of revenue in 2017. Allgeier SE ranks first in the 2017 Lünendonk(R) special analysis of “Leading German Medium-Sized IT Consultants and System Integrators”. According to the Lünendonk(R) 2017 market segment study “The Market for Recruiting, Mediating and Managing IT Freelancers in Germany”, Allgeier Experts ranks among Germany’s top three IT personnel service providers. Allgeier SE is listed on the Regulated Market of the Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633). For more information, visit: www.allgeier.com.