11/10/2011

ALLGEIER HOLDING AG / Key word(s): Quarter Results10.11.2011 17:01Dissemination 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, November 10, 2011 – Allgeier Holding AG (ISIN DE000508630 / GermanSecurities Identification Number [WKN] 508630) continues to reportsignificant consolidated revenue and earnings growth in the first ninemonths of the current 2011 financial year (January 1, 2011 until September30, 2011) on an IFRS basis.Revenue was up by 24% in the first nine months to reach EUR 265.7 million(previous year: EUR 215.1 million). EBITA (earnings before interest, taxes,and amortisation of goodwill and purchase price allocations) grew by 30% toEUR 12.0 million (previous year: EUR 9.2 million). EBIT (earnings beforeinterest and taxes) increased by 38% to EUR 8.7 million in the period underreview (previous year: EUR 6.3 million). These earnings included a EUR 0.8million charge booked in the reporting period arising from a one-offreorganisation expense for one Group company.In the third quarter of 2011 (July 1, 2011 until September 30, 2011),Allgeier generated EUR 94.6 million of sales revenue compared with EUR 81.3million in the third quarter of 2010, representing 16% growth. EBITAamounted to EUR 4.5 million in the third quarter of 2011 (Q3 2010: EUR 5.0million), and EBIT stood at EUR 3.5 million in the reporting quarter (Q32010: EUR 3.6 million).Third-quarter EBITA included charges of EUR 0.6 million arising fromextraordinary effects due to currency differences connected with theaccounting treatment of earnout obligations, and charges of EUR 0.4 milliondue to incidental purchase costs incurred with the acquisition of Nagarro,which are not capitalised pursuant to IFRS. When adjusting for these items,the company generated operating EBITA of EUR 5.5 million, equivalent to a10% increase compared with the same quarter of the previous year.EBIT was also impacted by acquisitions that were realised in the thirdquarter of 2011, where the amortisation of capitalised intangible assetsrose to EUR 1.9 million (Q3 2010: EUR 1.3 million). The company alsoreported EUR 1.0 million of extraordinary income due to purchase priceadjustments applied to companies acquired in the 2010 financial year. Whenadjusting for these effects, EBIT amounted to EUR 4.1 million, representing14% growth compared with the comparable prior-year quarter.The total assets of the Allgeier Group grew by EUR 34.5 million, from EUR204.1 million on December 31, 2010, to EUR 238.6 million as of September30, 2011. Equity increased from EUR 85.5 million as of December 31, 2010 toEUR 86.9 million as at September 30, 2011. The equity ratio stood at 36.4%as of the balance sheet date (equity ratio on December 31, 2010: 41.9%).The interim announcement as of September 30, 2011 can be viewed online atwww.allgeier.com.Contact: Allgeier Holding AGWehrlestr. 1281679 MunichTel.: +49 (0)89/998421-0Fax: +49 (0)89/998421-11eMail: ir@allgeier-holding.de Web: www.allgeier.comAllgeier Holding AG, with its headquarters in Munich, is one of the leadingconsultancy and service companies in the German-speaking countries. Withtheir units IT Solutions, IT Services & Recruiting and Project Solutions,Allgeier offers a comprehensive range of services from the initial conceptthrough implementation to the operation of IT landscapes. Allgeier Grouphas 16 operational subsidiaries with over 2,200 employees as well as morethan 1,400 freelance experts serving some 3,000 customers in virtuallyevery area of the economy. In Germany, the Group runs 52 subsidiaries aswell as 25 offices in Austria, Belgium, France, the Netherlands, Romania,Sweden, Switzerland and the Czech Republic as well as in India, Mexico andUnited States. During the 2010 financial year, Allgeier achieved sales ofEUR 308.7 million. According to Lünendonk’s market segment survey in 2010,Allgeier ranks no. 2 among the medium-sized IT service companies and no. 2among IT recruitment companies in Germany. The company is listed at theFrankfurt Stock Exchange.10.11.2011 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 AG 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 —————————————————————————