27.10.2017 - 16:55:06

Allgeier SE: Allgeier lifts earnings and achieves double-digit revenue growth in the third quarter of 2017

Munich, October 26, 2017 - According to preliminary figures, Munich-based Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) reports double-digit growth in its total operating revenue in the first nine months of the financial year 2017 (January 1, 2017 - September 30, 2017). The extensive investments in growth that burdened the first half of 2017 began to pay off in the third quarter of 2017. Allgeier therefore delivered a result in the third quarter of 2017 that was again considerably higher than in the quarters of the first half year, in line with planning.  

Business trends in the third quarter of 2017  

In the third quarter of 2017 (July 1, 2017 - September 30, 2017), the Group reported an increase in total operating revenues of 16 percent to EUR 147 million compared with the year-earlier period (previous year: EUR 126 million; all year-earlier figures pertain to continuing operations). Adjusted consolidated EBITDA (EBITDA before effects qualified as extraordinary in operating terms or relating to other accounting periods) amounted to EUR 10.2 million, reflecting growth of 8 percent compared with the previous year's period (EUR 9.5 million). Consolidated EBITDA came in at EUR 10.0 million, up 9 percent compared with the third quarter of 2016 (EUR 9.2 million). Consolidated EBIT (earnings before interest and tax) stood at EUR 7.0 million (previous year: (EUR 6.7 million).  

Business trends in the first nine months of 2017  

Overall, the Group's total operating revenue climbed by 15 percent to EUR 423 million in the first nine months of 2017 compared with same period in 2016 (EUR 367 million).  

According to the preliminary figures, value added (total operating performance minus direct personnel and other costs) rose 16 percent in the first nine months of 2017. As described in the adhoc announcement of August 8, 2017, the earnings position was impacted by extensive investments in the first half of 2017. The third quarter saw the earnings position begin to return to normal levels again on the back of revenue growth.  

Adjusted consolidated EBITDA (EBITDA before effects qualified as extraordinary in operating terms or relating to other accounting periods) amounted to EUR 19.7 million in the period under review (previous year: EUR 24.8 million). Consolidated EBITDA stood at EUR 20.1 million (previous year: EUR 22.6 million). Consolidated EBIT (earnings before interest and tax) stood at EUR 10.9 million (previous year: EUR 14.8 million).  

Key balance sheet financials as of September 30, 2017  

Equity stood at EUR 124.2 million as of the reporting date on September 30, 2017 (December 31, 2016: EUR 116.9 million). The Allgeier Group had liquid assets of EUR 56.2 million at its disposal as of the reporting date (December 31, 2016: EUR 71.8 million). The balance sheet total amounted to EUR 348.3 million (previous year: EUR 344.4 million).  


All of the aforementioned figures are determined in accordance with IFRS and represent a preliminary status that may change in the period leading up to the release of the interim report. All information on the previous year pertains to continuing operations. A voluntary interim report of Allgeier SE as of September 30, 2017 will be published on November 17, 2017 and can then be viewed on the company's website at  

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: Web:  

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 than 3,000 customers from almost all business sectors. With over 6,800 salaried employees and more than 1,300 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 more than 100 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 498 million of revenue in its continuing operations in 2016. 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:


27-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at

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: Internet: 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

623471  27-Oct-2017 CET/CEST


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