DGAP-Adhoc: Allgeier SE: Allgeier reports stable

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News Desk 2018

Apr 28, 2014 at 12:30 PM

DGAP-Adhoc: Allgeier SE: Allgeier reports stable development in the first quarter of 2014

ALLGEIER SE / Key word(s): Quarter Results 28.04.2014 18:17 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, 28 April 2014 - According to preliminary figures, Allgeier SE (ISIN DE0005086300, WKN 508630) reports a stable development in the first three months of the financial year 2014 (1 January 2014 - 31 March 2014). The Group intends to divest part of its business, a decision reflected in the quarterly figures drawn up in accordance with IFRS as discontinued operations. Preliminary consolidated revenue, including discontinued operations, rose slightly by 1 percent to EUR 111.0 million in the first quarter of 2014 compared with the first three months of 2013 (EUR 110.2 million). Preliminary EBITDA, including discontinued operations, climbed by 6 percent to EUR 5.1 million in a year-on-year comparison (previous year: EUR 4.8 million). Preliminary earnings before interest and tax (EBIT), including discontinued operations, advanced to EUR 2.0 million (previous year: EUR 1.8 million). Earnings before tax (EBT) increased to EUR 1.3 million (previous year: EUR 1.0 million). After deduction of tax expenses of EUR 0.6 million (previous year: EUR 0.5 million), Allgeier generated a preliminary profit of EUR 0.7 million in the first quarter of 2014 (previous year: EUR 0.4 million). Revenue generated by continuing operations (excluding discontinued operations) stood at EUR 100.4 million in the first quarter of 2014 (previous year: EUR 98.6 million). EBITDA from continuing operations (excluding discontinued operations) posted EUR 4.7 million during the period under review (previous year: EUR 4.8 million). Equity had climbed to EUR 96.0 million by the reporting date of 31 March 2014 (31 December 2013: EUR 94.7 million). The Allgeier Group had cash and cash equivalents of EUR 39.6 million as of 31 March 2014 (excluding discontinued operations) at its disposal (31 December 2013: EUR 46.7 million). The lower level is largely attributable to a reduction in the use of the factoring of trade receivables and other changes in working capital. Current and non-current financial liabilities declined marginally to EUR 75.2 million as of 31 March 2014 (31 December 2013: EUR 75.5 million). The preliminary balance sheet total stood at EUR 292.6 million as of 31 March 2014 (31 December 2013: EUR 289.3 million). All the aforementioned IFRS figures are preliminary. The Interim Statement of Allgeier SE as of 31 March 2014 will be released on 15 May 2014 and can be viewed at the company's website under www.allgeier.com. Contact: Allgeier SE Dr. Christopher GroÃe WehrlestraÃe 12 81679 Munich, Germany Tel.: +49 (0)89/998421-0 Fax: +49 (0)89/998421-11 e-mail: ir@allgeier.com Web: www.allgeier.com Allgeier SE is one of the leading IT companies for Business Performance today: Allgeier combines the advantages of an international provider with the merits of medium-sized companies with a growth strategy oriented consistently to innovations and future trends, and an integrative business model. Operating divisions, each with their individual specialist or sector-related focal points, work together for more than 2,000 customers from almost all sectors. With more than 4,600 salaried employees and over 1,300 freelance IT experts, Allgeier, as a one-stop shop, offers customers a comprehensive portfolio of solutions and services. Allgeier's customers include globally operating groups as well as innovative medium-sized operations that wish to secure strategic advantages through high-performing IT solutions, intelligent software and flexible personnel services. This high-growth company, which is based in Munich, Germany, operates at more than 90 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Mexico and the USA. Allgeier generated EUR 478 million of revenue in 2013. Allgeier SE was ranked first in the LÃ¼nendonk(R) List 2013 of "Leading German medium-sized IT consulting and system integration companies". The Allgeier Experts Division ranks among the top three IT personnel service-providers in Germany according to the LÃ¼nendonk(R) 2013 market segment study "The market for recruiting, mediating and managing IT freelancers in Germany". The company is listed on the regular market of the Frankfurt Stock Exchange in the General Standard segment (WKN 508630/ISIN DE0005086300). Further information is available on the company's website at: www.allgeier.com. 28.04.2014 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 SE WehrlestraÃe 12 81679 MÃ¼nchen 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, DÃ¼sseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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