{"id":6537,"date":"2012-08-31T08:16:30","date_gmt":"2012-08-31T08:16:30","guid":{"rendered":"https:\/\/allgeier-se.seowerk.net\/?p=6537"},"modified":"2025-09-03T20:14:25","modified_gmt":"2025-09-03T18:14:25","slug":"allgeier-se-allgeier-reports-further-growth-in-the-first-half-of-2012","status":"publish","type":"post","link":"https:\/\/allgeier-se.seowerk.net\/en\/adhoc-announcements\/allgeier-se-allgeier-reports-further-growth-in-the-first-half-of-2012\/","title":{"rendered":"Allgeier SE: Allgeier reports further growth in the first half of 2012"},"content":{"rendered":"<pre>\n<b>ALLGEIER SE  \/ Key word(s): Half Year Results<\/b>\n\n31.08.2012 10:16\n\nDissemination of an Ad hoc announcement according to \u00a7 15 WpHG, transmitted\nby DGAP - a company of EquityStory AG.\nThe issuer is solely responsible for the content of this announcement.\n\n---------------------------------------------------------------------------\n\nMunich, August 31, 2012 - Munich-based Allgeier SE (ISIN DE0005086300, WKN\n508630), one of the leading companies in the German IT sector, grew its\nsales revenue further in the first half of 2012 (January 1, 2012 to June\n30, 2012), and exceeded the EBITDA it generated in the first half of 2011,\nwhich already stood at a good level. Consequently, the Group continued to\nchart its growth course in the first half of 2012.\n\nSales revenue was up by 11.2 percent compared with the first half of 2011,\nto EUR 190.1 million (previous year: EUR 171.0 million). This revenue\ngrowth reflected operating growth at most of the companies that have\nbelonged to the Group for a longer period, and the corporate acquisitions\nrealized in 2011 and the first quarter of 2012. EBITDA grew 12.5 percent in\nthe first half of 2012 to EUR 9.9 million (previous year: EUR 8.8 million).\nEarnings before interest, tax and amortization relating to purchase price\nallocations, and from the earnings-effective adjustment of earnouts\npursuant to IFRS, (EBITA) grew by 4.0 percent compared with the prior-year\nperiod to EUR 7.8 million (H1 2011: EUR 7.5 million). By contrast, EBIT\n(earnings before interest and tax) fell 36.5 percent year-on-year to EUR\n3.3 million (H1 2011: EUR 5.2 million). This EBIT result reflects the\nimpact of acquisition activity, in particular. In accounting terms, these\nacquisitions resulted in a significant rise of around EUR 2.2 million in\nIFRS amortization applied to purchase price allocations (in other words,\namortization applied to order book positions, customer bases and products)\nto reach approximately EUR 4.5 million (previous year: EUR 2.3 million).\nThe higher level of an amortization is based on the high valuation of\ncustomer relationships of the companies acquired in 2011, which enjoy good\norder book positions and a large number of established customer\nrelationships.\n\nBetween January and June 2012, the company generated EUR 7.4 million of\ncash flow from operating activities before working capital changes\n(previous year: EUR 6.2 million). Cash flow from financing activities\namounted to a net inflow of EUR 42.8 million in the first half of 2012\n(previous year: EUR 2.7 million outflow). Significant individual items in\ncash flow from financing activities included the drawing down of a\nborrower's note loan in a net amount of EUR 69.0 million, the repayment of\nEUR 19.1 million of loans, and the EUR 4.2 million dividend that was\ndistributed to Allgeier SE shareholders. The total assets of the Allgeier\nGroup grew by EUR 46.6 million, from EUR 242.1 million as of December 31,\n2011, to EUR 288.7 million as of June 30, 2012. The Allgeier Group reports\na high level of liquid assets as of June 30, 2012. Liquid assets were up\nfrom EUR 31.9 million to EUR 71.7 million, mainly due to the aforementioned\nfinancing transactions in the first half of 2012. The Group intends to\ndeploy these funds for further corporate growth and the acquisition of new\nsubsidiaries.\n\nAllgeier SE continues to regard itself as well prepared and positioned for\nthe full 2012 year. Allgeier implemented a targeted expansion of its\nportfolio with smaller supplementary acquisitions in the first half of\n2012, and further strengthened forward-looking, future relevant topics such\nas Business Intelligence and ERP solutions.\n\nFollowing the end of the first half-year, on August 2, 2012, Allgeier SE\nhas reached agreement with the sole shareholder of tecops personal GmbH\nconcerning the purchase of all of the shares in the company, and has\nconcluded corresponding agreements. With the acquisition, Allgeier is\nfurther expanding its portfolio of products and services, as well as its\ncomprehensive geographic coverage in the growth market for IT personnel\nservices. TECOPS commands more than 20 years of experience in the\nallocation and mediation of specialist staff, and currently employs 1,400\nemployees at 12 locations. The company turned over EUR 50 million in 2010.\nWith a look to 2012, tecops personal GmbH is planning further sustainable\nrevenue and earnings growth.\n\nThe 2012 half-yearly report of Allgeier SE will be published today, August\n31, 2012, and can be viewed at www.allgeier.com.\n\n\nContact:\n\nAllgeier SE\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\nMunich-based Allgeier SE is one of the leading consulting and service\ncompanies for IT solutions and services in the German-speaking region. With\nmore than 2,600 employees and around 1,500 freelance IT experts, Allgeier\noffers its customers a complete service approach spanning design,\nimplementation, and through to the operation of IT landscapes. Fifteen\ncorporate units, each with its own specialist and sector-related focus,\nwork together for more than 2,000 customers from almost all sectors.\nAllgeier combines the service-orientation, proximity to customers, and\nflexibility of powerful medium-sized company units with the product width,\nsize and process strength of an international group. This high-growth\ncompany currently operates at more than 80 sites in the German-speaking\nregion, and at further locations in the rest of Europe, as well as in\nIndia, Mexico and the USA. Allgeier generated EUR 379 million of revenue in\n2011. The company is listed on the regular market of the Frankfurt Stock\nExchange in the General Standard segment (WKN 508630 \/ ISIN DE0005086300).\nFurther information is available on the company's website at:\nwww.allgeier.com.\n\n\n31.08.2012 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, August 31, 2012 &#8211; Munich-based Allgeier SE (ISIN DE0005086300, WKN 508630), one of the leading companies in the German IT sector, grew its sales revenue further in the first half of 2012 (January 1, 2012 to June 30, 2012), and exceeded the EBITDA it<\/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-6537","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\/6537","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=6537"}],"version-history":[{"count":4,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts\/6537\/revisions"}],"predecessor-version":[{"id":11135,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts\/6537\/revisions\/11135"}],"wp:attachment":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/media?parent=6537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/categories?post=6537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/tags?post=6537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}