16.03.2018
ALLGEIER SE DE000A2GS633
DGAP-Adhoc: Allgeier SE: Allgeier reports revenue growth and value added in 2017
DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Preliminary Results
Allgeier SE: Allgeier reports revenue growth and value added in 2017
16-March-2018 / 15:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Munich, March 15, 2018 - According to its preliminary figures, Allgeier SE
(ISIN DE000A2GS633, WKN A2GS63) is reporting double-digit growth in its
total operating performance and value added in the 2017 fiscal year (January
1, 2017 - December 31, 2017). The preliminary figures largely correspond to
the full-year 2017 forecast published in the ad-hoc announcement of December
18, 2017.
Development of business in continuing operations
Overall, the Group's total operating performance rose to EUR 578 million in
the 2017 fiscal year (previous year: EUR 501 million), which corresponds to
a growth of 15 percent, with contributions in particular from the Technology
and Enterprise Services segments. The Enterprise Services segment achieved
revenue growth of more than 100 percent through the acquisition of Ciber
Germany's business in the fiscal year elapsed. According to the preliminary
figures, Group value added increased by 15 percent to EUR 156 million
(previous year: EUR 136 million). Adjusted consolidated EBITDA (EBITDA
before effects qualified as extraordinary in operating terms or relating to
other accounting periods) amounted to EUR 29.5 million in the reporting year
(previous year: EUR 33.8 million). As indicated in the ad-hoc announcements
of December 18, 2017 and August 8, 2017, the result of the first half of
2017 was burdened especially by the costs of reorganizing the Experts
segment and, in this context, hiring new staff as an investment in future
growth. Consolidated EBITDA came in at EUR 26.3 million (previous year: EUR
31.5 million). Consolidated EBIT (earnings before interest and tax) stood at
at EUR 13.2 million (previous year: EUR 17.8 million). The Group generated
preliminary EBT (earnings before tax) of EUR 10.9 million in the period
under review (previous year: EUR 13.9 million).
Key balance sheet financials as of December 31, 2017
Equity had climbed to EUR 122 million by the reporting date of December 31,
2017 (previous year: EUR 116.9 million). The Allgeier Group had liquid
assets of EUR 53.0 million at its disposal at the end of fiscal 2017
(previous year: EUR 71.8 million). Preliminary current and non-current
financial liabilities stood at EUR 109.9 million as of the reporting date
(previous year: EUR 113.6 million). The preliminary balance sheet total
posted EUR 338 million at year-end 2017 (previous year: EUR 344 million).
Outlook for the 2018 fiscal year
The current planning for the 2018 fiscal year indicates a development that
follows on from the positive trend in the second half of 2017. Accordingly,
Allgeier SE envisages growth of between 15 and 20 percent in consolidated
revenue and an EBITDA margin of between 6 and 6.5 percent in the 2018 fiscal
year. The budgeted figures pertain exclusively to the organic development of
the Group in its current status, including Anecon, a company acquired in
January 2018, without further changes to the portfolio. Further acquisitions
in the individual segments can make an additional contribution to growth.
Note
All IFRS figures cited in this announcement for the 2017 fiscal year are
preliminary and have not yet been finally audited by the Group's external
auditor. The statements pertaining to the 2018 fiscal year are based on
future expectations derived from the current planning that may or may not
come to fruition.
Contact:
Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Germany
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
e-mail: [email protected]
Web: www.allgeier.com
Allgeier SE is one of the leading IT companies for digital transformation:
with a growth strategy oriented to innovations and future trends, as well as
an integrative business model, Allgeier exploits the opportunities that
digitalization offers. Three operating segments with individual specialist
and sector-related focus areas work together for around 3,000 customers from
almost all business sectors. With more than 7,000 salaried employees and
around 1,400 freelance experts, Allgeier offers its customers an extensive
one-stop-shop range of solutions and services. Based on a highly flexible
delivery model, Allgeier covers the entire IT service spectrum from on-site
through to nearshore and offshore: with a strong business pillar in India,
the company secures flexibility and maximum scalability of services, as well
as highly qualified high-end software development expertise. Allgeier
customers include globally operating groups as well as innovative
medium-size business operations that aim to secure strategic advantages
through high-performance IT solutions, intelligent software and flexible
personnel services. This Munich-based, fast-growing Group maintains 120
branches in the region of Germany, Austria and Switzerland, in nine further
European countries, as well as in India, Singapore, Vietnam, Malaysia,
Japan, Australia, Mexico and the USA. Allgeier generated EUR 576 million of
revenue in its continuing operations in 2017 according to preliminary
figures. Allgeier SE ranks first in the 2017 Lünendonk(R) special analysis
of "Leading German Medium-Sized IT Consultants and System Integrators".
According to the Lünendonk(R) 2017 market segment study "The Market for
Recruiting, Mediating and Managing IT Freelancers in Germany", Allgeier
Experts ranks among Germany's top three IT personnel service providers.
Allgeier SE is listed on the Regulated Market of the Frankfurt Stock
Exchange (WKN A2GS63, ISIN DE000A2GS633). For more information, visit:
www.allgeier.com.
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Language: English
Company: ALLGEIER SE
Wehrlestraße 12
81679 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: [email protected]
Internet: http://www.allgeier.com
ISIN: DE000A2GS633
WKN: A2GS63
Indices: CDAX
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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