24.04.2018
ALLGEIER SE DE000A2GS633
DGAP-Adhoc: Allgeier SE: Supervisory Board approves FY 2017 financial statements and proposes dividend
DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Final Results
Allgeier SE: Supervisory Board approves FY 2017 financial statements and
proposes dividend
24-Apr-2018 / 18:21 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, April 23, 2018 - At its meeting today, the Supervisory Board of
Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) has approved the audited
separate and consolidated financial statements for Allgeier SE for the 2017
financial year. The separate annual financial statements have thereby been
adopted. The finalized consolidated figures essentially correspond to the
preliminary figures announced in an ad hoc release on March 15, 2018.
IFRS revenue and earnings trends
The Group reports double-digit growth in terms of both total operating
revenue and value creation in the 2017 financial year (January 1, 2017 -
December 31, 2017). The Group's total operating revenue grew year-on-year to
reach EUR 578.6 million in the 2017 financial year (previous year: EUR 501.0
million), representing 15 percent growth. Especially the Technology and
Enterprise Services business areas contributed to this growth. Thanks to the
acquisition of the business of Ciber Germany, the Enterprise Services
business area achieved revenue growth exceeding 100 percent in the financial
year elapsed. Consolidated value creation was up by 16 percent to EUR 156.8
million (previous year: EUR 135.9 million). Adjusted consolidated EBITDA
(EBITDA before effects that qualify operationally as extraordinary or
relating to other accounting periods) stood at EUR 29.3 million in the
reporting period (previous year: EUR 33.8 million). As communicated in
previous ad hoc announcements, the results for the first half of 2017 were
particularly burdened by the costs of reorganizing the Experts business area
as well as related hiring, representing an investment in future growth.
Consolidated EBITDA (earnings before interest, tax, depreciation and
amortization) amounted to EUR 26.5 million in the reporting year (previous
year: EUR 31.5 million). Consolidated EBIT (earnings before interest and
tax) stood at EUR 13.5 million in the year under review (previous year: EUR
17.8 million). The Group generated EUR 11.0 million of earnings before tax
in the reporting year (previous year: EUR 13.9 million). The expense for
income taxes amounted to EUR 6.5 million in the reporting period (previous
year: EUR 7.2 million). After deducting interest, the Group consequently
achieved EUR 4.5 million of net income in the period under review (previous
year: EUR 6.7 million). Earnings per share (adjusted for amortization
relating to acquisition activity, and with normalized taxes) amounted to EUR
1.09 during the reporting year (prior year: EUR 1.47).
Key balance sheet financials as of December 31, 2017
Equity stood at EUR 122.8 million as of the December 31, 2017 reporting date
(previous year: EUR 116.9 million). The Allgeier Group had liquid assets of
EUR 53.0 million at its disposal as of the 2017 year-end (previous year: EUR
71.8 million). Current and non-current financial liabilities have reduced to
EUR 108.8 million as of the reporting date (previous year: EUR 113.6
million). Total assets stood at EUR 337.9 million as of December 31, 2017
(December 31, 2016: EUR 344.4 million).
Application of profits
The Supervisory Board has today, April 23, 2018, passed a resolution to
propose to the Annual General Meeting to distribute a dividend of EUR 0.50
per share to the shareholders from the unappropriated net profit of EUR
27,188,374.40 as reported as of December 31, 2017 in the separate annual
financial statements of Allgeier SE. The remaining unappropriated net profit
is to be carried forward to a new account.
FY 2018 outlook
Current planning for the 2018 financial year reflects a continuation of the
positive trend during the second half of 2017. Accordingly, Allgeier SE
plans growth in its consolidated sales revenue of between 18 and 23 percent,
and an EBITDA margin between 6.0 and 6.5 percent, for the 2018 financial
year. These planning figures relate exclusively to the organic development
of the currently existing Group, including the company Anecon, which was
acquired in January 2018, and excluding other changes to the portfolio.
Further acquisitions in the individual business areas can make an additional
contribution to growth.
Note
The Allgeier 2017 annual report will be published on April 27, 2018, when it
can be viewed at www.allgeier.com.
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 582 million of
revenue in 2017. 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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678567 24-Apr-2018 CET/CEST
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