DGAP-Adhoc: Allgeier SE: Allgeier remains on growth path in

ALLGEIER SE / Key word(s): Half Year Results 14.08.2013 14:54 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, August 14, 2013 - Allgeier SE (ISIN DE0005086300, WKN 508630) reports further revenue and earnings growth in the first half of 2013 (January 1, 2013 - June 30, 2013). Consequently, Allgeier continued to report growth during the first half of 2013 and further bolstered its competitive position. Revenue in the first half of 2013 grew to EUR 227.3 million, up 20 percent compared with the first six months of 2012 (previous year: EUR 190.1 million). Both operating growth and the corporate acquisitions that have been realized in the past years drove this earnings growth. All three Allgeier operating segments reported operating growth in this context. EBITDA grew by 24 percent year-on-year to reach EUR 12.3 million (previous year: EUR 9.9 million). EBIT (earnings before interest and taxes) increased by 88 percent to EUR 6.2 million in the period under review (previous year: EUR 3.3 million). The EBIT growth reflects a drop in amortization charges arising from the purchase price allocation. Despite this decline in amortization charges, the EBIT earnings figure continued to be impacted in by the amortization charges applied to IFRS purchase price allocations pursuant (amortization of order book positions, customer bases and products), which comprise most of the amortization and depreciation of EUR 6.1 million (previous year: EUR 6.6 million). Interest expenses of EUR 2.7 million remained at the level in the comparable prior-year period. After interest, Allgeier reported a 441 percent increase in EBT (earnings before tax) to EUR 3.5 million in the first six months of 2013 (previous year: EUR 0.6 million). After deducting EUR 1.4 million of tax expenses (previous year: EUR -0.6 million), Allgeier consequently achieved EUR 2.1 million of net income in the first half of 2013 (previous year: EUR 0.0 million). Basic earnings per share, calculated on the basis of the half-yearly earnings reduced to reflect the share of earnings attributable to non-controlling shareholders, rose to EUR 0.24 in the first half of 2013 (previous year: EUR -0.03). The total assets of the Allgeier Group were down slightly from EUR 289.6 million on December 31, 2012 to EUR 283.3 million on June 30, 2013. The dividend payout and outgoing payments as part of acquisition activities comprise the main reasons for this reduction in total assets. Equity reduced accordingly to EUR 88.0 million as of the balance sheet date (December 31, 2012: EUR 93.4 million). The Allgeier Group reports liquid assets of EUR 30.8 million as of June 30, 2013 (December 31, 2012: EUR 38.9 million). Cash flow from operating activities grew to EUR 4.3 million in the period under review (previous year: EUR 3.4 million). The 2013 half-yearly report of Allgeier SE will be published today, August 14, 2013, and can be viewed at www.allgeier.com. Contact: Allgeier SE Corporate Communications & Investor Relations Dr. Christopher Grosse Wehrlestrasse 12 81679 Munich 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. Six 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 4,300 salaried employees and around 1,400 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 423 million of revenue in 2012. Allgeier SE was ranked first in the Lünendonk(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 Lünendonk(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. 14.08.2013 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: English Company: ALLGEIER SE Wehrlestra�e 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 Announcement DGAP News-Service ---------------------------------------------------------------------------