04/17/2013

Munich, April 17, 2013 – The Supervisory Board of Allgeier SE (ISIN DE0005086300 / WKN 508630) has approved the audited separate and consolidated annual financial statements of Allgeier SE for the 2012 financial year at its meeting held on April 17, 2013. The separate annual financial statements have been adopted as a consequence. The final consolidated figures correspond to the preliminary figures announced in the ad hoc announcement of March 26, 2013.

IFRS revenue and earnings trends

Allgeier SE continued to report significant growth in its 2012 financial year (January 1, 2012 to December 31, 2012). IFRS consolidated revenue was up by EUR 44.0 million to EUR 422.8 million (previous year: EUR 378.8 million), representing 12 percent growth. Consolidated EBITDA grew 3 percent to EUR 22.9 million (previous year: EUR 22.3 million). EBITDA generated by its operating divisions (before holding company costs) increased by 17 percent to EUR 31.3 million (previous year: EUR 26.9 million). Consolidated EBIT (earnings before interest and tax) of EUR 9.1 million was weaker than in the previous year (previous year: EUR 12.0 million). EBIT generated by the operating divisions (before holding company costs) increased by 5 percent to EUR 17.5 million (previous year: EUR 16.6 million). Earnings in the 2012 financial year included EUR 9.5 million of extraordinary items (previous year: EUR 7.0 million). IFRS amortization applied to purchase price allocations (in other words, amortization applied to order book positions, customer bases and products) resulting from the acquisition activity comprised the largest effect. Such charges were up by EUR 2.3 million to EUR 9.5 million (previous year: EUR 7.2 million). Outside the scope of continuing operations, the Allgeier Group also realized EUR 5.1 million of earnings before tax from the valuation of ongoing claims and risks arising from the Personal Services division, which was sold in 2008. Together with the EUR 6.1 million of earnings before tax from the continuing operations, the Group consequently generated EUR 11.3 million of earnings before tax (previous year: EUR 9.5 million). After deducting all taxes on income, the Group achieved EUR 8.8 million of net income from both its discontinued and continuing operations, up by EUR 3.5 million compared with the previous year’s EUR 5.3 million. Including the business that was sold, earnings per share rose by 92 percent from EUR 0.52 in 2011 to EUR 1.00 in the reporting year. Earnings per share after adjusting for amortization related to acquisition activity and other extraordinary items were up by 46 percent to EUR 1.85 (previous year: EUR 1.27).

Key balance sheet figures

Equity 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 EUR 38.9 million of liquid assets at its disposal as of December 31, 2012 (previous year: EUR 31.9 million). Current and non-current finance debt increased to EUR 73.8 million as of December 31, 2012 (previous year: EUR 41.4 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 included the acquisitions of tecops personal GmbH and five further companies in the financial year under review, the borrower’s note loan in a net amount of EUR 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 19.0 million, and the redemption of the on-balance sheet ABS program of EUR 10.6 million through off-balance sheet factoring of customer receivables in the same amount.

Application of unappropriated retained earnings

The Management and Supervisory boards have passed a resolution today, April 17, 2013, to propose to the AGM that it approves the distribution of a dividend of EUR 0.50 per share to shareholders from the unappropriated retained earnings of EUR 35,922,911.78 as reported in the separate annual financial statements of Allgeier SE as of December 31, 2012. The remaining retained earnings are to be carried forward to a new account.

Outlook

The Management Board expects sustained further consolidated revenue and earnings growth for the 2013 financial year. Allgeier intends to respond with an adjusted strategy to the further change in the IT sector market environment, which is gauged as positive overall. The greater bundling of business activities into divisions as major corporate units, and these divisions’ focus on products and services that enjoy above-average demand, as well as some sector megatrends, are intended to help Allgeier to continue to report above-average growth in the future, and to exploit opportunities arising from the sector’s advancing consolidation. The company is to concentrate more strongly on profitable growth with above-average improvements in key earnings figures in this context.

The 2012 annual report will be published on April 26, 2013, and will then be available on the company’s website at www.allgeier.com.