11/08/2013

ALLGEIER SE / Key word(s): Quarter Results08.11.2013 16:19Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP – a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.—————————————————————————Munich, November 07, 2013 – According to preliminary results, Allgeier SE(ISIN DE0005086300, WKN 508630) continued to boost both its revenue andearnings during the first nine months of the 2013 financial year (January1, 2013 to September 30, 2013). Consequently, Allgeier continued to chart agrowth course and further bolstered its competitive position.Revenue during the first nine months of 2013 advanced to EUR 349.5 million,up 17 percent compared with the comparable period of 2012 (previous year:EUR 297.8 million). Both the revenue contribution from corporateacquisitions realised during the years under review and operating growthdrove this revenue growth.EBITDA increased by 33 percent year-on-year to reach EUR 21.4 million(previous year: EUR 16.1 million). EBIT during the period under review wasup by 96 percent to EUR 12.4 million as a result of a decrease inamortisation charges arising from purchase price allocation is (previousyear: EUR 6.3 million). At the same time, the EBIT earnings figurecontinued to be impacted by the amortisation charges applied to IFRSpurchase price allocations (amortisation of order book positions, customerbases and products), which comprise most of the amortisation anddepreciation of EUR 9.0 million (previous year: EUR 9.8 million).Interest expenses of EUR 3.9 million remained at the level in thecomparable prior-year period. A significant proportion of these interestexpenses relate to the borrower’s note loan that was taken out in March2012, and the reversal of discounts applied in previous periods to earn-outliabilities. After interest, Allgeier reported a 215 percent increase inEBT (earnings before tax) to EUR 8.8 million in the first nine months of2013 (previous year: EUR 2.8 million). After deducting EUR 3.3 million oftax expenses (previous year: EUR 1.2 million), and an item amounting to EUR0.2 million connected with the disposal of Allgeier DL (previous year: EUR0.0 million), Allgeier consequently achieved EUR 5.3 million of net incomeduring the first three quarters of 2013 (previous year: EUR 1.6 million).Final agreement and invoicing for the disposal in 2008 of Allgeier DLoccurred during the third quarter of the year, with its preliminaryaccounting having already occurred as of December 31, 2012.Basic earnings per share, calculated on the basis of the nine-monthearnings reduced to reflect the share of earnings attributable tonon-controlling shareholders, rose to EUR 0.60 (previous year: EUR 0.15).Cash flow from operating activities and before working capital changes grewby 21 percent to EUR 15.3 million in the period under review (previousyear: EUR 12.6 million).The Group continued its revenue and earnings growth during the thirdquarter of 2013 (July 1, 2013 – September 30, 2013). Revenue advanced by 13percent year-on-year to EUR 122.2 million (Q3 2012: EUR 107.7 million).EBITDA rose 48 percent to EUR 9.1 million (Q3 2012: EUR 6.1 million). EBITincreased by 106 percent compared with the same period of 2012 to reach EUR6.1 million (Q3 2012: EUR 3.0 million).The Allgeier Group enjoys solid financing and net asset positions as of thebalance sheet date. The total assets of the Allgeier Group were down by EUR12.7 million, from EUR 289.6 million on December 31, 2012 to EUR 276.9million on September 30, 2013. This primarily reflects both the decline innon-current assets due to amortisation arising from purchase priceallocation, which was not offset by any significant additions during thefirst nine months of 2013, and the decrease in current assets due tooutgoing payments as part of acquisition activities and dividends. Thetranslation of the net assets of Group companies that account in foreigncurrencies also contributed to the reduction in total assets.Equity amounted to EUR 87.8 million as of the September 30, 2013 reportingdate (December 31, 2012: EUR 93.4 million). This decline is attributable tothe distribution of the dividend to the shareholders of Allgeier SE, theacquisition of shares of non-controlling shareholders, effects on equitycarried directly to equity, and the addition of treasury shares. This wasoffset by the earnings for the first three quarters of 2013.All of the aforementioned IFRS figures are preliminary. The interim reportfor the third quarter of 2013 of Allgeier SE will be published on November14, 2013, and can then be viewed at www.allgeier.com.Contact:Allgeier SECorporate Communications & Investor RelationsDr. Christopher GrosseWehrlestrasse 1281679 MunichTel.: +49 (0)89/998421-0Fax: +49 (0)89/998421-11E-mail: ir@allgeier.comWeb: www.allgeier.comAllgeier SE is one of the leading IT companies for Business Performancetoday: Allgeier combines the advantages of an international provider withthe merits of medium-sized companies with a growth strategy orientedconsistently to innovations and future trends, and an integrative businessmodel. Six operating divisions, each with their individual specialist orsector-related focal points, work together for more than 2,000 customersfrom almost all sectors. With more than 4,400 salaried employees and over1,300 freelance IT experts, Allgeier, as a one-stop shop, offers customersa comprehensive portfolio of solutions and services. Allgeier’s customersinclude globally operating groups as well as innovative medium-sizedoperations that wish to secure strategic advantages through high-performingIT solutions, intelligent software and flexible personnel services. Thishigh-growth company, which is based in Munich, Germany, operates at morethan 90 sites in the German-speaking region, and at further locations inthe rest of Europe, as well as in India, Mexico and the USA. Allgeiergenerated EUR 423 million of revenue in 2012. Allgeier SE was ranked firstin the Lünendonk(R) List 2013 of ‘Leading German medium-sized IT consultingand system integration companies’. The Allgeier Experts Division ranksamong the top three IT personnel service-providers in Germany according tothe Lünendonk(R) 2013 market segment study ‘The market for recruiting,mediating and managing IT freelancers in Germany’. The company is listed onthe regular market of the Frankfurt Stock Exchange in the General Standardsegment (WKN 508630 / ISIN DE0005086300). Further information is availableon the company’s website at: www.allgeier.com.08.11.2013 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 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 —————————————————————————