05/16/2013

ALLGEIER SE / Key word(s): Quarter Results16.05.2013 14:34Dissemination 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, May 15, 2013 – Allgeier SE (ISIN DE0005086300, WKN 508630) reportedfurther revenue growth in the first quarter of 2013 (January 1, 2013 -March 31, 2013), although its EBITDA fell short of the very good resultreported in the first quarter of 2012 primarily as a consequence of anon-cash currency translation loss on a long-term dollar liability arisingfrom its Nagarro acquisition. Consequently, the Allgeier Group continued toreport growth during the first quarter of 2013 financial year and furtherbolstered its competitive position.Revenue in the first three months of 2013 grew significantly, by 19 percentcompared with the first quarter of 2013, to reach EUR 110.2 million(previous year: EUR 92.7 million). This revenue growth reflected operatinggrowth at most of the companies that have belonged to the Group for alonger period, and the corporate acquisitions realised in 2012. EBITDA fellshort of the very good result reported in the comparable period of 2012,falling to EUR 4.8 million (previous year: EUR 6.1 million). Thisdivergence is mainly attributable to currency differences arising from thetranslation of a long-term purchase price liability deriving from theacquisition of the Nagarro Group in 2011. The constellation of exchangerates on the respective quarter-end reporting dates fed through to a EUR1.1 million charge in the first quarter of 2013 resulting from valuationdifferences. EBIT (earnings before interest and tax) also fellcorrespondingly year-on-year to EUR 1.8 million (previous year: EUR 2.8million). The EBIT earnings figure continued to be impacted in 2013 byamortisation charges applied to IFRS purchase price allocations pursuant(amortisation of order book positions, customer bases and products), whichcomprise most of the amortisation and depreciation of EUR 3.1 million(previous year: EUR 3.3 million). This continued high level of amortisationis based mainly on the valuation of customer relationships and acquiredhidden reserves in products and developments, which was performed pursuantto IFRS on the initial consolidation date of the acquired companies.The Allgeier Group continues to enjoy robust financing and net assetpositions as of the March 31, 2013 reporting date. Total assets reportedfurther slight growth of EUR 5.5 million, from EUR 289.6 million onDecember 31, 2012, to EUR 295.1 million on March 31, 2013. Equity posted amodest increase of EUR 1.7 million to EUR 95.1 million on the balance sheetdate (December 31, 2012: EUR 93.4 million). At EUR 5.3 million, cash flowfrom operating activities before working capital changes in the first threemonths of the year was approximately at the level of the prior-yearcomparable period (previous year: EUR 6.0 million). The Allgeier Groupcontinues to report a high level of liquid assets of EUR 33.6 million as ofMarch 31, 2013 (December 31, 2012: EUR 38.9 million). Along with outgoingpayments related to investment activities, this fall in liquid assets ismainly connected with the increase in working capital related to thereporting date, including liquidity not required due to a lower volume ofreceivables sold as part of factoring.The Management Board expects the entire Group to report sustainedabove-average growth revenue in the low double-digit percentage range forthe 2013 financial year, with earnings rising at a faster rate.The interim report for the first quarter of 2013 of Allgeier SE is to bepublished today, May 15, 2013, and 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 Performance:Allgeier combines the advantages of an international provider with themerits 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/Business Software, Experts and Software Development for more than2,000 customers from almost all sectors. With more than 4,200 salariedemployees and around 1,500 freelance IT experts, Allgeier, as a one-stopshop, offers customers a comprehensive portfolio of solutions and services.Allgeier’s customers include globally operating groups as well asinnovative medium-sized operations that wish to secure strategic advantagesthrough intelligent IT solutions 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. The company is listed on theregular 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.16.05.2013 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 —————————————————————————