04/17/2012

ALLGEIER HOLDING AG / Key word(s): Final Results17.04.2012 / 18:00———————————————————————Munich, April 17, 2012 – Munich-based Allgeier Holding AG, one of theleading IT service companies in the German-speaking region, continued toreport significant revenue and earnings growth in the 2011 financial year.The Group is well positioned to continue its growth over the coming yearsthrough consistently occupying positions in important future IT sectortrend areas.Ten years ago, Allgeier achieved revenue of less than EUR 10 million in itsIT segment. The high-growth Group reported EUR 379 million of revenue inthe past 2011 financial year, representing 23 percent year-on-year growth.Operating cash flow (before working capital changes) grew by 31 percentfrom EUR 21.6 million in the previous year to EUR 28.4 million. EBITDA asreported in the consolidated financial statements also underwent ayear-on-year improvement of 23 percent to reach EUR 22.3 million. ‘Allgeieris firmly established as one of the leading IT service companies on theGerman market,’ commented Georg Dürschmidt, CEO of Allgeier Holding AG, asthe annual financial statements were approved on Tuesday today. ‘Over thelast few years, the company has not only reported strong organic growth,but we have also accelerated this growth through stringently selectedacquisitions, and we have further expanded our portfolio of services.’ TheManagement Board regards the good results as confirmation of the path thatthe company has pursued. It believes that the Allgeier Group is correctlypositioned in all key growth markets to continue this positive trend intothe future.Companies today are concentrating more than ever on technologies that makethem more streamlined, more productive, and more effective. Informationtechnology has significantly changed the working methodologies of almostevery industry and public-sector administration over the last few years. ITis now the most important innovation driver in almost all sectors. Newmanager generations think increasingly in terms of networking and ITstructures. This trend is still in its infancy, and requires that workingenvironments be adjusted, and that the IT services on offer be developedfurther. The Management Board expects that the IT service industry, andAllgeier, as an innovative and powerful service-provider, will benefit fromsuch changes.The takeover of the US/Indian Nagarro Group last summer will contribute inthis context. Capacity bottlenecks in terms of highly qualified IT expertsalready exist in Allgeier’s core market of Germany, Austria andSwitzerland. At the same time, customers are making ever greaterrequirements of IT service providers in terms of supply capacity andquality. ‘With Nagarro, we have secured valuable access to outstandinglyqualified IT experts at global locations, and we have significantlyexpanded our international presence,’ the Management Board commented.High-end software service-provider Nagarro employees around 1,000 ITexperts in India, and aims to further expand its staff base over the comingyears. With last year’s acquisition of 1eEurope AG, which is based inSwitzerland, the Allgeier Group has gained a leading IT service provider ofcollaboration software (such as SharePoint). Allgeier has bolstered itsposition in the growth market of health care with the acquisition of GEMEDGmbH.Application of unappropriated retained earningsThe Management and Supervisory boards have passed a resolution today, April17, 2012, 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 41,419,801.12 as reported in the financialstatements of Allgeier Holding AG as of December 31, 2011. The remainingretained earnings are to be carried forward to a new account.OutlookThe Management Board expects sustained consolidated earnings growth in thelow double-digit percentage range for the 2012 financial year, withearnings rising at a faster rate.Concurrent with the publication of the annual financial statements,Allgeier Holding AG also announces a change to the Management Board. Dr.Holger von Daniels has chosen to discontinue his Management Boardactivities at the company as of April 30, 2012, in order to devote himselfto a new business challenge within his family environment in the future.Dr. von Daniels has made a considerable contribution to the company’ssuccessful further development during his period of Management Boardactivity. His Supervisory Board and Management Board colleagues would liketo thank Dr. von Daniels for his services over the course of the recentyears.’The past years have been characterised by strong growth at the AllgeierGroup. It has been a great pleasure for me to be able to accompany thecompany’s strong development over this time. I would like to extend my warmthanks to all of my colleagues at the Group for their personal commitment,and for the positive way in which we have worked together over the years,’Daniels went on to comment. Dr. von Daniels will continue to be availableas anadviser to the Group following his departure. The remaining ManagementBoard members Georg Dürschmidt und Dr. Marcus Goedsche will take over Dr.von Daniels’ Management Board tasks and areas of responsibility. Thecompany will continue to pursue its existing strategy.Contact:Allgeier Holding AGDr. Christopher GrosseWehrlestrasse 1281679 MunichTel.: +49 (0)89/998421-0Fax: +49 (0)89/998421-11E-mail: ir@allgeier-holding.de Web: www.allgeier.comMunich-based Allgeier Holding AG is one of the leading consulting andservice companies in the German-speaking region. The Allgeier Group’sservices are divided into the three segments of IT Solutions, IT Services &Recruiting, and Project Solutions. With more than 2,500 employees and over1,500 freelance IT experts, the Allgeier Group offers its customers acomplete service approach spanning design, implementation, and through tothe operation of IT landscapes. Fourteen corporate units, each with its ownspecialist and sector-related focus, work together for around 2,000customers from almost all sectors. This high-growth company currentlyoperates at more than 50 sites in the German-speaking region, and at 23further locations in the rest of Europe, as well as in India, Mexico andthe USA. The company is listed on the regular market of the Frankfurt StockExchange in the General Standard segment. Further information is availableon the company’s website at: www.allgeier.com.End of Corporate News———————————————————————17.04.2012 Dissemination of a Corporate News, transmitted by DGAP – acompany of EquityStory AG.The issuer is solely responsible for the content of this announcement.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: English Company: ALLGEIER HOLDING AG Wehrlestraße 12 81679 München Germany Phone: +49 (0) 89 – 99 84 21 0 Fax: +49 (0) 89 – 99 84 21 11 E-mail: info@allgeier.com Internet: http://www.allgeier.com ISIN: DE0005086300 WKN: 508630 Indices: CDAX Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ——————————————————————— 165349 17.04.2012