04/18/2013

ALLGEIER SE / Key word(s): Final Results18.04.2013 12:32Dissemination 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, April 17, 2013 – The Supervisory Board of Allgeier SE (ISINDE0005086300 / WKN 508630) has approved the audited separate andconsolidated annual financial statements of Allgeier SE for the 2012financial year at its meeting held on April 17, 2013. The separate annualfinancial statements have been adopted as a consequence. The finalconsolidated figures correspond to the preliminary figures announced in thead hoc announcement of March 26, 2013.IFRS revenue and earnings trendsAllgeier SE continued to report significant growth in its 2012 financialyear (January 1, 2012 to December 31, 2012). IFRS consolidated revenue wasup by EUR 44.0 million to EUR 422.8 million (previous year: EUR 378.8million), representing 12 percent growth. Consolidated EBITDA grew 3percent to EUR 22.9 million (previous year: EUR 22.3 million). EBITDAgenerated by its operating divisions (before holding company costs)increased by 17 percent to EUR 31.3 million (previous year: EUR 26.9million). Consolidated EBIT (earnings before interest and tax) of EUR 9.1million was weaker than in the previous year (previous year: EUR 12.0million). EBIT generated by the operating divisions (before holding companycosts) increased by 5 percent to EUR 17.5 million (previous year: EUR 16.6million). Earnings in the 2012 financial year included EUR 9.5 million ofextraordinary items (previous year: EUR 7.0 million). IFRS amortizationapplied to purchase price allocations (in other words, amortization appliedto order book positions, customer bases and products) resulting from theacquisition activity comprised the largest effect. Such charges were up byEUR 2.3 million to EUR 9.5 million (previous year: EUR 7.2 million).Outside the scope of continuing operations, the Allgeier Group alsorealized EUR 5.1 million of earnings before tax from the valuation ofongoing claims and risks arising from the Personal Services division, whichwas sold in 2008. Together with the EUR 6.1 million of earnings before taxfrom the continuing operations, the Group consequently generated EUR 11.3million of earnings before tax (previous year: EUR 9.5 million). Afterdeducting all taxes on income, the Group achieved EUR 8.8 million of netincome from both its discontinued and continuing operations, up by EUR 3.5million compared with the previous year’s EUR 5.3 million.Including the business that was sold, earnings per share rose by 92 percentfrom EUR 0.52 in 2011 to EUR 1.00 in the reporting year. Earnings per shareafter adjusting for amortization related to acquisition activity and otherextraordinary items were up by 46 percent to EUR 1.85 (previous year: EUR1.27).Key balance sheet figuresEquity increased by EUR 5.2 million to EUR 93.4 million as of December 31,2012 (previous year: EUR 88.2 million). The Allgeier Group reported EUR38.9 million of liquid assets at its disposal as of December 31, 2012(previous year: EUR 31.9 million). Current and non-current finance debtincreased to EUR 73.8 million as of December 31, 2012 (previous year: EUR41.4 million including liabilities arising from participation rights).Total assets rose to EUR 289.6 million (previous year: EUR 242.1 million).The main factors for the changes in the consolidated balance sheet includedthe acquisitions of tecops personal GmbH and five further companies in thefinancial year under review, the borrower’s note loan in a net amount ofEUR 69.0 million that was placed on the capital market in February 2012,the repayment of an existing short-term bank loan in an amount of EUR 19.0million, and the redemption of the on-balance sheet ABS program of EUR 10.6million through off-balance sheet factoring of customer receivables in thesame amount.Application of unappropriated retained earningsThe Management and Supervisory boards have passed a resolution today, April17, 2013, to propose to the AGM that it approves the distribution of adividend of EUR 0.50 per share to shareholders from the unappropriatedretained earnings of EUR 35,922,911.78 as reported in the separate annualfinancial statements of Allgeier SE as of December 31, 2012. The remainingretained earnings are to be carried forward to a new account.OutlookThe Management Board expects sustained further consolidated revenue andearnings growth for the 2013 financial year. Allgeier intends to respondwith an adjusted strategy to the further change in the IT sector marketenvironment, which is gauged as positive overall. The greater bundling ofbusiness activities into divisions as major corporate units, and thesedivisions’ focus on products and services that enjoy above-average demand,as well as some sector megatrends, are intended to help Allgeier tocontinue to report above-average growth in the future, and to exploitopportunities arising from the sector’s advancing consolidation. Thecompany is to concentrate more strongly on profitable growth withabove-average improvements in key earnings figures in this context.The 2012 annual report will be published on April 26, 2013, and will thenbe available on the company’s website at www.allgeier.com.Contact:Allgeier SEDr. 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 in the three segments ofSolutions, Experts and Projects for more than 2,000 customers from almostall sectors. With more than 4,200 salaried employees and over 1,500freelance IT experts, Allgeier, as a one-stop shop, offers customers acomprehensive portfolio of solutions and services. Allgeier’s customersinclude globally operating groups as well as innovative medium-sizedoperations that wish to secure strategic advantages through intelligent IT.This high-growth company operates at more than 90 sites in theGerman-speaking region, and at further locations in the rest of Europe, aswell as in India, Mexico and the USA. Allgeier generated EUR 423 million ofrevenue in 2012. The company is listed on the Regulated Market of theFrankfurt Stock Exchange in the General Standard segment (WKN 508630 / ISINDE0005086300). Further information is available on the company’s websiteat: www.allgeier.com.18.04.2013 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 —————————————————————————