05/10/2012

ALLGEIER HOLDING SE / Key word(s): Quarter Results10.05.2012 10:51Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP – a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.—————————————————————————Munich, May 10, 2012 – Allgeier Holding SE (ISIN DE0005086300, WKN 508630),one of the leading companies in the German IT sector, has posted asignificant increase in revenues in the first quarter of 2012 (January 1,2012 to March 31, 2012) and exceeded the extremely strong EBITA achieved inthe first quarter of 2011. Allgeier Holding SE has therefore continued itspositive development over the past few quarters and further strengthened itsposition vis-à-vis the competition.Revenues increased by 11% in the first quarter 2012 compared to the sameperiod in the previous year to reach EUR 92.7 million (1st quarter 2011: EUR83.4 million). EBITDA rose by 24% to EUR 6.1 million (1st quarter 2011: EUR4.9 million). EBITA (earnings before interest, taxes, amortization ofpurchase price allocations and earnings-effective adjustment of earnoutpursuant to IFRS) climbed by 20% to EUR 5.2 million (1st quarter 2011: EUR4.3 million). EBIT (earnings before interest and taxes) fell by 13% to EUR2.8 million in the period under review in line with expectations (1stquarter 2011: EUR 3.2 million). This earnings result for the first quarterwas also influenced by acquisitions made in 2011. These acquisitionsresulted in an increase in scheduled amortization to purchase priceallocations on the balance sheet pursuant to IFRS. The high levels ofamortization are based on the high measurement of the established customerrelationships of the companies acquired in 2011 which have strong orderbooks and a high number of established customer relationships.Cash flow from operating activities and before working capital changes ofEUR 6 million was posted in the first three months of 2012 (1st quarter2011: EUR 4.4 million). Including cash flows from working capital changes,cash flow from operating activities stands at EUR 0.9 million due toreporting date effects (1st quarter 2011: EUR 3.1 million). The AllgeierGroup posted high cash and cash equivalents of EUR 76.3 million as at March31, 2012 (December 31, 2011: EUR 31.9 million). The increase essentiallyresults from the inflow from the promissory note loan of EUR 69 million net,the repayment of a bank loan of EUR 19 million, expenditure on acquisitionsof EUR 2.1 million and financial investments of around EUR 3 million whichcannot be entered as cash on the balance sheet. The Group plans to deploythe available funds to achieve further company growth and to acquire newsubsidiaries. Equity increased to EUR 89.2 million in the first quarter 2012(December 31, 2011: EUR 88.2 million). Total assets rose by EUR 50.6 millioncompared to December 31, 2011 from EUR 242.1 million to EUR 292.7 million.Both the operational growth of the companies under longstanding Groupownership and the companies acquired in 2011 made significant contributionsto the increase in revenues and EBITA. The management is confident that thecourse of growth embarked upon will continue over the coming months.The interim report on the first quarter 2012 will be published today, May10, 2012, and can be viewed at www.allgeier.com.Contact:Allgeier Holding SEDr. Christopher GroßeWehrlestraße 1281679 Munich Tel.: +49 (0)89/998421-0Fax: +49 (0)89/998421-11Email: ir@allgeier-holding.de Web: www.allgeier.comMunich-based Allgeier Holding AG is one of the leading consulting andservice companies in the German-speaking region. With more than 2,500employees and around 1,500 freelance IT experts, Allgeier offers itscustomers a complete service approach spanning design, implementation, andthrough to the operation of IT landscapes. Fourteen corporate units, eachwith its own specialist and sector-related focus, work together for morethan 2,000 customers from almost all sectors. Allgeier combines theexpertise and local presence of medium-sized company units with theperformance strength and flexibility of a listed company. This high-growthcompany currently operates at more than 50 sites in the German-speakingregion, and at 23 further locations in the rest of Europe, as well as inIndia, Mexico and the USA. The company is listed on the regular market ofthe Frankfurt Stock Exchange in the General Standard segment (WKN 508630 /ISIN DE0005086300). Further information is available on the company’swebsite at: www.allgeier.com.10.05.2012 DGAP’s Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de————————————————————————— Language: EnglishCompany: ALLGEIER HOLDING SE Wehrlestraße 12 81679 München GermanyPhone: +49 (0) 89 – 99 84 21 0Fax: +49 (0) 89 – 99 84 21 11E-mail: info@allgeier.comInternet: http://www.allgeier.comISIN: DE0005086300WKN: 508630Indices: CDAXListed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service —————————————————————————