02/16/2012

ALLGEIER HOLDING AG / Key word(s): Preliminary Results/Final Results16.02.2012 18:27Dissemination 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-based Allgeier Holding AG (ISIN : DE0005086300, WKN: 508630), one ofthe leading companies in the German IT sector, continued to achievesignificant growth in 2011 (January 1, 2011 until December 31, 2011),according to preliminary figures. Consolidated revenue on the basis of IFRSaccounting was up by EUR 70 million to reach EUR 379 million (previousyear: EUR 309 million), representing 23% growth.There was also significant growth in consolidated net income. OperatingEBITDA (before extraordinary items) was up by 34% to EUR 23.5 million(previous year: EUR 17.5 million).In addition, the Group registered considerable growth in operating EBITDA(after extraordinary items) to EUR 22.0 million (previous year: EUR 18.1million), equivalent to an increase of around 22%. The extraordinaryexpense of approximately EUR 1.5 million is primarily composed ofnon-cash-effective exchange-rate losses (book losses arising from thetranslation as of the reporting date of an earnout amount in US dollarsarising from the Nagarro acquisition), and from the expensed recognition ofthe increase in the earnout from the Terna acquisition in an amount ofaround EUR 0.8 million due to the company’s performance being far ahead ofbudget. Offsetting this, a residual amount of approximately EUR 1.1 millionrelating to the remaining earnout for another company was released throughthe income statement.The Allgeier Group achieved a 19% increase to EUR 18.6 million (previousyear: EUR 15.6 million) in terms of IFRS-based EBITA (earnings beforeinterest, taxes and impairment charges applied to purchase priceallocations, as well as from the earnings-effective reclassification ofearnouts).Earnings before interest and taxes (EBIT) of EUR 11.7 million reflectedlower growth of 6% (previous year: EUR 11.0 million), and was primarilyimpacted by acquisition activities in 2010 and 2011. In accounting terms,these acquisitions resulted in a rise of around EUR 2.3 million in IFRSimpairment charges applied to purchase price allocations (in other words,impairment charges applied to order book positions, customer bases andproducts) to reach approximately EUR 7.1 million (previous year: EUR 4.8million).Following the acquisitions of Nagarro Inc, 1eEurope, GEMED GmbH and BSH ITSolutions that were realised in the past financial year, the Allgeier Grouphas at its disposal liquid funds of around EUR 32 million (previous year:EUR 61 million) for further growth financing and acquisitions. Current andnon-current financial liabilities (including liabilities relating to profitparticipation rights) fell to EUR 41 million (previous year: EUR 45.5million).Equity was stable at around EUR 86 million as of December 31, 2011(previous year: EUR 85.5 million).Total assets increased to approximately EUR 240 million due to theacquisitions that were realised (previous year: EUR 204.1 million).Given today’s overall circumstances, the Management Board of AllgeierHolding AG is confident that it can continue to generate furthersustainable revenue and earnings growth in the current financial year.All of the IFRS figures referred to are preliminary, and have not yet beenaudited.Contact:Allgeier Holding AGHermann Graf CastellWehrlestr. 1281679 Munich / GermanyPhone +49 89 998421-0Fax +49 89 998421-11www.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 14 operational subsidiaries with over 2,450 employees as well as morethan 1,450 freelance experts serving some 2,000 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 of America. The company is listed at the Frankfurt StockExchange.16.02.2012 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 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 —————————————————————————