ALLGEIER SE / Key word(s): 9-month figures/Quarter Results
28.10.2016 18:17
Disclosure of an inside information according to Article 17 MAR,
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, 29 April 2016 - At its meeting today, the Supervisory Board of
Allgeier SE (ISIN DE0005086300, WKN 508630) approved the audited separate
and consolidated financial statements for Allgeier SE for the 2015
financial year. The annual financial statements are thereby adopted. The
finalized consolidated figures essentially correspond to the preliminary
figures that were announced in an ad hoc release on 18 March 2016. The
business units that have been sold during the past financial year, b+m
Informatik AG, Melsdorf, the Innsbruck-based terna Group, Austria, and the
Storage division of Allgeier (Schweiz) AG, which is based in Thalwil,
Switzerland, are reported as discontinued operations. Munich-based Talentry
GmbH is also reported under discontinued operations due to ongoing
negotiations about a modification to its shareholder base with a view to
its strategic further development.
Revenue and earnings trends (IFRS)
The sum of a total consolidated revenue from continuing and discontinued
operations in the 2015 financial year elapsed (1 January 2015 to 31
December 2015) rose by 9 per cent to EUR 498.9 million (previous year: EUR
456.5 million). Adjusted consolidated EBITDA (EBITDA before effects that
qualify operationally as extraordinary or as relating to other accounting
periods) from continuing and discontinued operations reported
disproportionately rapid year-on-year growth of 16 per cent to reach EUR
29.3 million (previous year: EUR 25.3 million). Consolidated EBITDA
increased by 13 per cent to EUR 27.1 million during the period under review
(previous year: EUR 24.0 million). Consolidated EBIT for the period stood
at EUR 12.7 million, 20 per cent above the previous year's result (previous
year: EUR 10.5 million). Excluding disposal gains, the Group generated EUR
8.8 million of earnings before tax (previous year: EUR 5.5 million). The
Allgeier Group achieved EUR 10.0 million of income before tax from the
disposal of the divested business units. The expense for income taxes
(excluding income taxes on the disposal gain) amounted to EUR 5.6 million
in the reporting period (previous year: EUR 5.4 million). Consequently, the
Group generated earnings for the period (including the disposal gain) of
EUR 12.8 million (previous year: EUR 2.6 million). Earnings per share for
the entire Allgeier Group amounts to EUR 1.39 for the 2015 reporting year
(previous year: EUR 0.23).
Business trends in continuing operations
In the Allgeier Group's continuing operations, IFRS consolidated revenue
increased to EUR 452.2 million during the 2015 financial year (previous
year continuing operations: EUR 384.2 million), reflecting 18 per cent
growth. Adjusted consolidated EBITDA for continuing operations were up by
11 per cent to EUR 25.3 million (previous year continuing operations: EUR
22.8 million). Consolidated EBITDA in the continuing operations increased
by 10 per cent to EUR 23.2 million in the reporting period (previous year
continuing operations: EUR 21.0 million). Consolidated EBIT from continuing
operations stood at EUR 10.3 million for the period under review (previous
year continuing operations: EUR 10.3 million). The Group generated EUR 6.3
million of earnings before tax from its continuing operations (previous
year continuing operations: EUR 5.4 million). The results include EUR 0.3
million of income from claims asserted against third parties abusing the
company's software rights. Further cases of this type are being legally
examined and pursued, and can result in further income in the future in the
six or seven digit range. Earnings per share from the continuing operations
(adjusted for amortization relating to acquisition activity, and with
normalized taxes) amounted to EUR 1.09 during the reporting year (previous
year: EUR 1.00).
Key balance sheet financials as of 31 December 2015
Equity stood at EUR 115.7 million as of the 31 December 2015 reporting date
(previous year: EUR 100.7 million). The Allgeier Group had liquid assets
available of EUR 83.7 million as of the end of the 2015 financial year
(previous year: EUR 98.0 million). Current and non-current financial
liabilities have reduced to EUR 110.7 million as of the reporting date
(previous year: EUR 125.2 million). Total assets amounted to EUR 328.0
million as of the reporting date (previous year: EUR 329.8 million).
Application of profits
The Supervisory Board has today, 29 April 2016, passed a resolution to
propose to the Annual General Meeting to distribute a dividend of EUR 0.70
per share to the shareholders from the unappropriated net profit of EUR
34,452,551.90 as of 31 December 2015, as reported in the annual financial
statements of Allgeier SE. The remaining unappropriated profit is to be
carried forward to a new account.
Q1 2016 revenue and earnings trends
In the first quarter of 2016 (1 January 2016 to 31 March 2016), preliminary
total operating revenue from continuing operations amounted to EUR 116.1
million, up 14 per cent on the previous year's level (previous year
continuing operations: EUR 101.7 million). This growth derives from organic
growth and from the consolidation of companies that were not yet acquired,
and consolidated, in the previous year's first quarter. Adjusted
consolidated EBITDA (EBITDA before effects that qualify operationally as
extraordinary or relating to other accounting periods) from continuing and
discontinued operations reported disproportionately rapid year-on-year
growth of 22 per cent to EUR 4.7 million (previous year: EUR 3.8 million).
As no negative extraordinary effects, especially from currency
fluctuations, were incurred as of the end of the first quarter 2016 - by
contrast with the previous year's first quarter - preliminary EBITDA for
the period stands at EUR 5.4 million (previous year continuing operations:
EUR 2.2 million). Accordingly, preliminary EBIT from continuing operations
amounted to EUR 2.6 million (previous year continuing operations: EUR -0.5
million).
Key balance sheet financials as of March 31, 2016
Preliminary equity amounted to EUR 114 million as of 31 March 2016
(December 31, 2015: EUR 115.7 million). The Allgeier Group had liquid
assets available of EUR 60.5 million (on the basis of preliminary figures)
as of the balance sheet date (31 December 2015: EUR 83.7 million).
Preliminary current and non-current financial liabilities amounted to EUR
110.3 million as of 31 March 2016 (31 December 2015: EUR 110.7 million).
Preliminary total assets stood at EUR 320 million as of 31 March 2016 (31
December 2015: EUR 328.0 million).
Note
The aforementioned previous year's results from continuing operations are
not comparable with the Allgeier 2014 Annual Report due to the restatement
of the previous year to reflect the divested units. The IFRS figures for
the first quarter of 2016 are preliminary. The 2015 annual report will be
issued today, 29 April 2016, and can be viewed at www.allgeier.com. An
interim report of Allgeier SE as of 31 March 2016 will be published on 17
May 2016, 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
Email: ir@allgeier.com
Web: www.allgeier.com
Allgeier SE is one of the leading IT companies for Business Performance:
with a growth strategy oriented to innovations and future trends, as well
as an integrative business model, Allgeier combines the benefits of an
international provider with the benefits and strengths of a medium-size
business operation. Operative business divisions with individual specialist
or sector-related focuses work together for more than 3,000 customers from
almost all business sectors. With around 6,000 salaried employees and more
than 1,200 freelance experts, Allgeier offers its customers an extensive
one-stop-shop range of solutions and services. Drawing on a highly flexible
delivery model, Allgeier covers the entire IT service range 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. The rapidly-growing, Munich-based Group maintains more
than 90 branches in German-speaking countries, the rest of Europe, as well
as in India, Singapore, Vietnam, Mexico and the USA. Allgeier generated EUR
452 million of revenue in 2015 (continuing operations). Allgeier SE ranks
first in the 2015 Lünendonk(R) list of "Leading German Medium-Sized IT
Consultants and System Integrators". According to the Lünendonk(R) 2015
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 508630, ISIN DE0005086300). For
more information, visit: www.allgeier.com.
28.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: info@allgeier.com
Internet: http://www.allgeier.com
ISIN: DE0005086300
WKN: 508630
Indices: CDAX
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market in
Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate
Exchange
End of Announcement DGAP News-Service
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DGAP-Adhoc: Allgeier SE: Supervisory Board approves the 2015 financial statements and proposes dividend; Q1 2016 revenue and earnings growth
| Source: EQS Group AG