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22.03.2019 14:16:59 - dpa-AFX: DGAP-Adhoc: Allgeier SE: Allgeier shows significant growth in sales and earnings in 2018 fiscal year (english)

Allgeier SE: Allgeier shows significant growth in sales and earnings in 2018
fiscal year

DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Preliminary Results/Forecast
Allgeier SE: Allgeier shows significant growth in sales and earnings in 2018
fiscal year

22-March-2019 / 14:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, 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, March 22, 2019 - According to preliminary figures, Allgeier SE (ISIN
DE000A2GS633, WKN A2GS63) recorded double-digit growth in total revenues,
value creation and earnings in fiscal year 2018 (January 01, 2018 - December
31, 2018). Compared to the forecast published in the ad hoc release of
December 11, 2018, the preliminary figures for the full year 2018 for the
Experts segment show a lower level, while the Enterprise Services and
Technology segments are in the range of the forecast.

Business development in continuing operations

Overall, the Group's total operating performance in the 2018 financial year
rose year-on-year to EUR 690 million (previous year: EUR 579 million),
representing growth of 19 percent. According to preliminary figures, Group
value creation rose by 24 percent to EUR 195 million (previous year: EUR 157
million). Adjusted Group EBITDA (EBITDA before effects that from a business
perspective are extraordinary or relate to other periods) amounted to EUR 41
million in the reporting period, 39 percent above the comparable figure for
the prior year (previous year: EUR 29 million). Group EBITDA amounted to EUR
30 million (previous year: EUR 26 million) and EBIT to EUR 16 million
(previous year: EUR 13 million).

In an "as-if" analysis, in which the companies acquired in 2018 are included
in the Group figures for the full year 2018, adjusted Group EBITDA amounts
to EUR 45 million and Group EBITDA to EUR 34 million.

Key balance sheet data as of December 31, 2018

The Allgeier Group had cash and cash equivalents of EUR 77 million at its
disposal at the end of the 2018 financial year (previous year: EUR 53
million). Preliminary current and non-current financial liabilities amounted
to EUR 182 million at the balance sheet date (previous year: EUR 110
million). The preliminary balance sheet total at the end of 2018 was EUR 476
million (previous year: EUR 338 million).

Outlook for the 2019 financial year

The planning for the 2019 financial year envisages Group revenue growth in
the region of 15 to 20 percent with an EBITDA margin of between 6.5 and 7
percent. The forecast made in the ad hoc announcement of 11 December 2018 is
maintained.

The spin-off of the Allgeier Experts segment (see ad-hoc releases of July 9,
2018 and January 31, 2019) remains the goal. However, the weaker performance
of the segment in 2018 compared with the original planning and the currently
increased uncertainty on the capital markets create greater uncertainty for
the timing of implementation. The Management Board has therefore decided not
to present this segment separately as a discontinued operation in the
consolidated financial statements for 2018.

Reference

All IFRS figures mentioned in this release relate to continuing operations.
All business figures for the 2018 financial year are preliminary and have
not yet been conclusively audited by the Group auditor. The statements for
the 2019 financial year represent future expectations based on the present
planning, the occurrence of which cannot, however, be expected with
certainty.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich, Germany
Phone: +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 digital transformation.
With a growth strategy focused on innovations and future trends and an
integrative entrepreneurial model, Allgeier is seizing the opportunities of
digitization. Four segments with individual technical and industry-related
focal points work together for around 3,000 customers from almost all
industries. With more than 9,000 employees and more than 1,300 freelance
experts, Allgeier offers its customers a comprehensive portfolio of
solutions and services as a one-stop shop. Allgeier uses a highly flexible
delivery model to map the complete IT service spectrum from onsite to
nearshore to offshore: With strong footholds in India, China and Eastern
Europe, flexibility and maximum scalability of services as well as highly
qualified expert knowledge in high-end software development are ensured.
Allgeier's customers include global corporations as well as innovative
medium-sized companies that want to secure strategic advantages through
high-performance IT solutions, intelligent software and flexible personnel
services. The fast-growing group, headquartered in Munich, has more than 140
branches in the DACH region, eleven other European countries as well as in
India, China, Singapore, Vietnam, Thailand, Malaysia, Japan, the United Arab
Emirates, South Africa, Mauritius, Australia, Mexico, Canada and the USA.
According to preliminary figures, Allgeier achieved a total operating
performance of approximately EUR 690 million in continuing operations in the
2018 fiscal year. According to the Lünendonk(R) List 2018, Allgeier SE is
one of the ten leading IT consulting and system integration companies in
Germany. According to Lünendonk(R) Market Segment Study 2018 "The Market for
Recruiting, Placement and Management of IT Freelancers in Germany", Allgeier
Experts is among the TOP 3 IT personnel service providers in Germany.
Allgeier SE is listed in the General Standard of the Regulated Market of the
Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633). Further
information is available at: www.allgeier.com.


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22-March-2019 CET/CEST 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:        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
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790741 22-March-2019 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ALLGEIER SE NA O.N. A2GS63 Xetra 25,600 18.04.19 17:35:59 -0,100 -0,39% 0,000 0,000 25,700 25,600

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