08/05/2015

ALLGEIER SE / Key word(s): Half Year Results05.08.2015 13:11Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP – a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.—————————————————————————Munich, August 4, 2015 – During the first six months of its 2015 financialyear (January 1, 2015 to June 30, 2015), Allgeier SE (ISIN DE0005086300,WKN 508630) reports double-digit growth in total operating revenue fromcontinuing operations, according to preliminary figures. Followingfirst-quarter earnings that were still down year-on-year (ad hocannouncement of May 4, 2015), Allgeier achieved significant double-digitearnings growth during the second quarter of the year. Operating earnings(before extraordinary items and effects relating to other accountingperiods) for the first half of 2015 thereby achieve an overall level abovethe corresponding previous-year result.Q2 2015 business trendsThe Group reported significant revenue and earnings growth in the secondquarter of 2015 (April 1, 2015 to June 30, 2015). Revenue as reported on apreliminary basis was up by 20 percent year-on-year to EUR 121 million(prior-year continuing operations: EUR 101 million). Preliminary operatingEBITDA (before extraordinary items and effects relating to other accountingperiods) of EUR 8.0 million was more than 30 percent ahead of the previousyear’s result (previous-year continuing operations: EUR 6.1 million).Preliminary consolidated EBITDA amounted to EUR 7.5 million for the secondquarter, thereby 36 percent above the equivalent figure for theprevious-year period (prior-year period continuing operations: EUR 5.5million). Preliminary consolidated EBIT (earnings before interest and tax)of EUR 3.7 million reflect 54 percent year-on-year growth (previous-yearperiod continuing operations: EUR 2.4 million).H1 2015 business trends In sum, preliminary total operating revenue generated across the Groupduring the first half of 2015 grew by 16 percent compared with the firstsix months of 2014, to reach EUR 239 million (prior-year continuingoperations: EUR 206 million). Preliminary operating EBITDA (beforeextraordinary items and effects related to other reporting periods)reported year-on-year growth of 5 percent to EUR 12.1 million (prior-yearcontinuing operations: EUR 11.5 million). Preliminary consolidated EBITDA,including extraordinary items and effects relating to other accountingperiods, amounted to EUR 10.1 million (prior-year continuing operations:EUR 11.0 million). Preliminary consolidated EBIT (earnings before interestand tax) for the period stood at EUR 3.2 million, also down year-on-year(prior-year continuing operations: EUR 5.0 million). This was mainly due toa higher level of amortization charges arising from the first-timeinclusion of the companies acquired during the reporting half-year, as wellas investments in high-growth business operations at the sites in India.Outlook for H2 2015On the basis of its planning, the Management Board expects the year-on-yeargrowth to continue during the second half of 2015. Revenue is set toincrease by more than 20 percent during the second six months of 2015,according to Group planning. Group operating EBITDA (before extraordinaryitems and effects relating to other accounting periods) should grow at adisproportionately faster pace than the rate of revenue growth during thesecond half of 2015, according to planning.Key balance sheet financials as of June 30, 2015Preliminary equity rose to EUR 105 million as of June 30, 2015 (December31, 2014: EUR 100.7 million). The Allgeier Group had liquid assetsavailable of EUR 54 million (on the basis of preliminary figures) as of thebalance sheet date (December 31, 2014: EUR 98.0 million). Above and beyondoperating cash flows, this change chiefly reflects cash flows due toacquisition activities, the repayment of financial liabilities, earn-outpayments that have been made, and the dividend distribution. Preliminarytotal assets stood at EUR 331 million as of June 30, 2015 (December 31,2014: EUR 329.8 million).All of the aforementioned IFRS figures are preliminary. The interim reportof Allgeier SE for the first half of 2015 will be published on August 14,2015, when it can 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. Operating divisions, each with their individual specialist orsector-related focal points, work together for more than 3,000 customersfrom almost all sectors. With a highly flexible delivery model, Allgeiercovers the full range of IT services, from on-site and nearshore through tooffshore: A strong presence in India ensures flexibility and maximumscalability of the services, supplemented by highly qualified expertise inhigh-end software development. With more than 5,800 salaried employees andover 1,200 freelance IT experts, Allgeier, as a one-stop shop, offerscustomers a comprehensive portfolio of solutions and services. Allgeier’scustomers include globally operating groups as well as innovativemedium-sized operations that wish to secure strategic advantages throughhigh-performing IT solutions, intelligent software and flexible personnelservices. This high-growth company, which is based in Munich, Germany,operates 100 sites in the German-speaking region, and at further locationsin the rest of Europe, as well as in India, Singapore, Mexico and the USA.In 2014 Allgeier generated EUR 428 million of revenue (continuedoperations), according to preliminary figures. Allgeier SE was ranked firstin the Lünendonk(R) List 2014 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) 2014 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 available onthe company’s website at: www.allgeier.com.05.08.2015 The DGAP 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: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service —————————————————————————