ALLGEIER SE / Key word(s): Half Year Results
29.07.2014 14:35
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.
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Munich, 29 July 2014 - Allgeier SE (ISIN DE0005086300, WKN 508630) reports
a stable revenue trend during the first six months of the 2014 financial
year (1 January 2014 - 30 June 2014), according to preliminary figures.
EBITDA as reported on a preliminary basis fell slightly due to the business
trend in the Experts segment. The two other segments reported significant
growth in part, by contrast. Preliminary consolidated revenue, including
discontinued operations, remained nearly unchanged at EUR 226.6 million in
the first half-year of 2014 compared with the first six months of 2013 (EUR
227.3 million). Preliminary EBITDA, including discontinued operations, fell
by 7 percent to EUR 11.5 million in a year-on-year comparison (previous
year: EUR 12.3 million). Accordingly, preliminary earnings before interest
and tax (EBIT), including discontinued operations, dropped to EUR 5.0
million (previous year: EUR 6.2 million). Preliminary earnings before tax
(EBT), including discontinued operations, at EUR 3.3 million almost reached
the result of the prior-year period (previous year: EUR 3.5 million). After
deduction of preliminary tax expenses of EUR 1.5 million (previous year:
EUR 1.4 million), Allgeier generated a preliminary profit of EUR 1.8
million in the first half-year of 2014 (previous year: EUR 2.1 million).
Preliminary revenue generated by continuing operations (excluding
discontinued operations) stood at EUR 202.4 million in the first half-year
of 2014 (previous year: EUR 202.9 million). Preliminary EBITDA from
continuing operations (excluding discontinued operations) posted EUR 10.7
million during the period under review (previous year: EUR 11.8 million).
This business area, which is reported as a discontinued operation in the
half-year figures, is being deconsolidated in July 2014. The Allgeier Group
anticipates a disposal gain of around EUR 1 million from the sale of this
business.
Total assets decreased slightly in the first half year of 2014 to EUR 283.2
million as of 30 June 2014 (31 December 2013: EUR 289.3 million), according
to preliminary figures. The reduction in total assets is essentially
attributable to seasonal and reporting-date-related working capital
fluctuations, outgoing payments as part of acquisition activities occurred
during the first half-year of 2014, as well as the payment to the
shareholders of Allgeier SE of the dividend from the earnings for the 2013
fiscal year. The Allgeier Group had cash and cash equivalents of EUR 35.0
million as of the balance sheet date at its disposal (31 December 2013: EUR
46.7 million). Current and non-current financial liabilities increased to
EUR 77.9 million as of 30 June 2014 (31 December 2013: EUR 75.5 million).
Consolidated equity reported a slight reduction to EUR 93.3 million as of
30 June 2014 (31 December 2013: EUR 94.7 million).
The 2014 half-yearly financial report of Allgeier SE will be published on
August 14, 2014, and can then be viewed at 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 Lünendonk(R) List 2014 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.
29.07.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ALLGEIER SE
WehrlestraÃe 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
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DGAP-Adhoc: Allgeier SE: Allgeier reports half-yearly figures
| Source: EQS Group AG