{"id":6517,"date":"2013-11-08T15:19:49","date_gmt":"2013-11-08T15:19:49","guid":{"rendered":"https:\/\/allgeier-se.seowerk.net\/?p=6517"},"modified":"2025-09-03T20:14:25","modified_gmt":"2025-09-03T18:14:25","slug":"allgeier-continues-to-grow-during-first-nine-months-of-2013","status":"publish","type":"post","link":"https:\/\/allgeier-se.seowerk.net\/en\/adhoc-announcements\/allgeier-continues-to-grow-during-first-nine-months-of-2013\/","title":{"rendered":"Allgeier continues to grow during first nine months of 2013"},"content":{"rendered":"<pre>\n<b>ALLGEIER SE  \/ Key word(s): Quarter Results<\/b>\n\n08.11.2013 16:19\n\nDissemination of an Ad hoc announcement according to \u00a7 15 WpHG, transmitted\nby DGAP - a company of EQS Group AG.\nThe issuer is solely responsible for the content of this announcement.\n\n---------------------------------------------------------------------------\n\nMunich, November 07, 2013 - According to preliminary results, Allgeier SE\n(ISIN DE0005086300, WKN 508630) continued to boost both its revenue and\nearnings during the first nine months of the 2013 financial year (January\n1, 2013 to September 30, 2013). Consequently, Allgeier continued to chart a\ngrowth course and further bolstered its competitive position.\n\nRevenue during the first nine months of 2013 advanced to EUR 349.5 million,\nup 17 percent compared with the comparable period of 2012 (previous year:\nEUR 297.8 million). Both the revenue contribution from corporate\nacquisitions realised during the years under review and operating growth\ndrove this revenue growth.\n\nEBITDA increased by 33 percent year-on-year to reach EUR 21.4 million\n(previous year: EUR 16.1 million). EBIT during the period under review was\nup by 96 percent to EUR 12.4 million as a result of a decrease in\namortisation charges arising from purchase price allocation is (previous\nyear: EUR 6.3 million). At the same time, the EBIT earnings figure\ncontinued to be impacted by the amortisation charges applied to IFRS\npurchase price allocations (amortisation of order book positions, customer\nbases and products), which comprise most of the amortisation and\ndepreciation of EUR 9.0 million (previous year: EUR 9.8 million).\n\nInterest expenses of EUR 3.9 million remained at the level in the\ncomparable prior-year period. A significant proportion of these interest\nexpenses relate to the borrower's note loan that was taken out in March\n2012, and the reversal of discounts applied in previous periods to earn-out\nliabilities. After interest, Allgeier reported a 215 percent increase in\nEBT (earnings before tax) to EUR 8.8 million in the first nine months of\n2013 (previous year: EUR 2.8 million). After deducting EUR 3.3 million of\ntax expenses (previous year: EUR 1.2 million), and an item amounting to EUR\n0.2 million connected with the disposal of Allgeier DL (previous year: EUR\n0.0 million), Allgeier consequently achieved EUR 5.3 million of net income\nduring the first three quarters of 2013 (previous year: EUR 1.6 million).\nFinal agreement and invoicing for the disposal in 2008 of Allgeier DL\noccurred during the third quarter of the year, with its preliminary\naccounting having already occurred as of December 31, 2012.\n\nBasic earnings per share, calculated on the basis of the nine-month\nearnings reduced to reflect the share of earnings attributable to\nnon-controlling shareholders, rose to EUR 0.60 (previous year: EUR 0.15).\nCash flow from operating activities and before working capital changes grew\nby 21 percent to EUR 15.3 million in the period under review (previous\nyear: EUR 12.6 million).\n\nThe Group continued its revenue and earnings growth during the third\nquarter of 2013 (July 1, 2013 - September 30, 2013). Revenue advanced by 13\npercent year-on-year to EUR 122.2 million (Q3 2012: EUR 107.7 million).\nEBITDA rose 48 percent to EUR 9.1 million (Q3 2012: EUR 6.1 million). EBIT\nincreased by 106 percent compared with the same period of 2012 to reach EUR\n6.1 million (Q3 2012: EUR 3.0 million).\n\nThe Allgeier Group enjoys solid financing and net asset positions as of the\nbalance sheet date. The total assets of the Allgeier Group were down by EUR\n12.7 million, from EUR 289.6 million on December 31, 2012 to EUR 276.9\nmillion on September 30, 2013. This primarily reflects both the decline in\nnon-current assets due to amortisation arising from purchase price\nallocation, which was not offset by any significant additions during the\nfirst nine months of 2013, and the decrease in current assets due to\noutgoing payments as part of acquisition activities and dividends. The\ntranslation of the net assets of Group companies that account in foreign\ncurrencies also contributed to the reduction in total assets.\n\nEquity amounted to EUR 87.8 million as of the September 30, 2013 reporting\ndate (December 31, 2012: EUR 93.4 million). This decline is attributable to\nthe distribution of the dividend to the shareholders of Allgeier SE, the\nacquisition of shares of non-controlling shareholders, effects on equity\ncarried directly to equity, and the addition of treasury shares. This was\noffset by the earnings for the first three quarters of 2013.\n\nAll of the aforementioned IFRS figures are preliminary. The interim report\nfor the third quarter of 2013 of Allgeier SE will be published on November\n14, 2013, and can then be viewed at www.allgeier.com.\n\nContact:\nAllgeier SE\nCorporate Communications &amp; Investor Relations\nDr. Christopher Grosse\nWehrlestrasse 12\n81679 Munich\nTel.: +49 (0)89\/998421-0\nFax: +49 (0)89\/998421-11\nE-mail: ir@allgeier.com\nWeb: www.allgeier.com\n\nAllgeier SE is one of the leading IT companies for Business Performance\ntoday: Allgeier combines the advantages of an international provider with\nthe merits of medium-sized companies with a growth strategy oriented\nconsistently to innovations and future trends, and an integrative business\nmodel. Six operating divisions, each with their individual specialist or\nsector-related focal points, work together for more than 2,000 customers\nfrom almost all sectors. With more than 4,400 salaried employees and over\n1,300 freelance IT experts, Allgeier, as a one-stop shop, offers customers\na comprehensive portfolio of solutions and services. Allgeier's customers\ninclude globally operating groups as well as innovative medium-sized\noperations that wish to secure strategic advantages through high-performing\nIT solutions, intelligent software and flexible personnel services. This\nhigh-growth company, which is based in Munich, Germany, operates at more\nthan 90 sites in the German-speaking region, and at further locations in\nthe rest of Europe, as well as in India, Mexico and the USA. Allgeier\ngenerated EUR 423 million of revenue in 2012. Allgeier SE was ranked first\nin the L\u00fcnendonk(R) List 2013 of 'Leading German medium-sized IT consulting\nand system integration companies'. The Allgeier Experts Division ranks\namong the top three IT personnel service-providers in Germany according to\nthe L\u00fcnendonk(R) 2013 market segment study 'The market for recruiting,\nmediating and managing IT freelancers in Germany'. The company is listed on\nthe regular market of the Frankfurt Stock Exchange in the General Standard\nsegment (WKN 508630 \/ ISIN DE0005086300). Further information is available\non the company's website at: www.allgeier.com.\n\n\n08.11.2013 DGAP's Distribution Services include Regulatory Announcements,\nFinancial\/Corporate News and Press Releases.\nMedia archive at www.dgap-medientreff.de and www.dgap.de\n\n---------------------------------------------------------------------------\n \nLanguage:     English\nCompany:      ALLGEIER SE\n              Wehrlestra\u00dfe 12\n              81679 M\u00fcnchen\n              Germany\nPhone:        +49 (0) 89 - 99 84 21 0\nFax:          +49 (0) 89 - 99 84 21 11\nE-mail:       info@allgeier.com\nInternet:     http:\/\/www.allgeier.com\nISIN:         DE0005086300\nWKN:          508630\nIndices:      CDAX\nListed:       Regulierter Markt in Frankfurt (General Standard);\n              Freiverkehr in Berlin, D\u00fcsseldorf, Hamburg, Stuttgart\n \nEnd of Announcement                             DGAP News-Service\n \n---------------------------------------------------------------------------\n\n<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Munich, November 07, 2013 &#8211; According to preliminary results, Allgeier SE (ISIN DE0005086300, WKN 508630) continued to boost both its revenue and earnings during the first nine months of the 2013 financial year (January 1, 2013 to September 30, 2013). Consequent<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[56],"class_list":["post-6517","post","type-post","status-publish","format-standard","hentry","category-adhoc-announcements","tag-adhoc-announcements"],"_links":{"self":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts\/6517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/comments?post=6517"}],"version-history":[{"count":4,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts\/6517\/revisions"}],"predecessor-version":[{"id":11129,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts\/6517\/revisions\/11129"}],"wp:attachment":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/media?parent=6517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/categories?post=6517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/tags?post=6517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}