Allgeier SE: Allgeier achieves double-digit growth in the software and IT
services business in the 2023 financial year

EQS-Ad-hoc: ALLGEIER SE / Key word(s): Preliminary Results/Annual Results
Allgeier SE: Allgeier achieves double-digit growth in the software and IT
services business in the 2023 financial year

07-March-2024 / 11:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, March 07, 2024 - Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) further
continued the transformation of the Group in the 2023 financial year
(January 1, 2023 - December 31, 2023) and, according to preliminary figures,
achieved the result announced in November 2023. At EUR 496 million, total
operating performance was slightly above the previous year's level. The
composition of the various business areas has changed further. The software
and IT services business fields achieved significant sales growth of more
than 20% and an adjusted EBITDA margin of 19% before holding costs in the
reporting year. Sales in the personnel services and personnel
services-related project business were reduced by 21% in the reporting year
as part of the ongoing transformation.

Business performance of continuing operations for the full year 2023

The Allgeier Group generated total operating performance of EUR 496 million
in the 2023 financial year (previous year: EUR 486 million). The software
and IT services business accounted for EUR 326 million (previous year: EUR
270 million) and the personnel services and personnel services-related
project business for EUR 170 million (previous year: EUR 216 million). The
Group's gross profit (defined as total operating performance less sales and
personnel costs directly attributable to sales) rose disproportionately by
4% to EUR 164 million (previous year: EUR 157 million), corresponding to a
gross margin of 33% (previous year: 32%). Adjusted EBITDA (EBITDA before
effects that are classified as extraordinary or relating to other accounting
periods) was unchanged from the previous year at EUR 61 million. The Group's
EBITDA was burdened by extraordinary expenses from the transformation and
therefore amounted to EUR 58 million (previous year: EUR 62 million).
Allgeier thus achieved EBIT of EUR 32 million (previous year: EUR 35
million). The main effect of the measures already implemented to reduce
costs in the personnel services and personnel services-related project
business will be seen in the 2024 financial year.

Key balance sheet data as at December 31, 2023

The Allgeier Group had cash and cash equivalents of EUR 83 million at the
end of the 2023 financial year (previous year: EUR 87 million). Current and
non-current financial liabilities amounted to EUR 154 million as at the
reporting date (previous year: EUR 150 million). Net financial liabilities
increased to EUR 117 million as at the reporting date (previous year: EUR
106 million), including liabilities from rental and lease agreements of EUR
46 million (previous year: EUR 43 million) to be recognized in accordance
with IFRS 16. Total assets amounted to EUR 523 million (previous year: EUR
512 million).

Confirmation of the 2024 guidance

Allgeier SE today confirms as of today the guidance for the financial year
2024, which was published in the ad hoc announcement of December 14, 2023.
This envisages sales in the range of EUR 510 million to EUR 550 million in
the current financial year 2024. The expected adjusted EBITDA for 2024 is
between EUR 63 million and EUR 69 million. The corresponding adjusted EBITDA
margin is expected to be between 12% and 13%. In the medium term, the
Management Board expects average organic sales growth of 10% to 15% over the
next three years. The adjusted EBITDA margin is expected to increase further
to 15% within this period.

Notes

The 2023 Annual Report of Allgeier SE will be published on April 30, 2024
and can then be viewed at www.allgeier.com.

All business figures for the 2023 financial year are preliminary and have
not yet been conclusively audited by the Group auditor. Figures for periods
after December 31, 2023 represent expectations of the Management Board based
on assumptions and estimates. Actual future developments and actual future
results may deviate from these assumptions and estimates. Allgeier SE
provides no guarantee and assumes no liability that future developments and
the actual results achieved in the future will correspond to the assumptions
and estimates expressed in this ad hoc announcement.

This document contains supplementary financial key figures - not precisely
defined in relevant accounting frameworks - which are or may be so-called
alternative performance measures. These supplementary financial measures may
be of limited use as an analytical tool and should not be used in isolation
or as an alternative to the financial measures presented in the consolidated
financial statements and determined in accordance with relevant accounting
frameworks in assessing the financial position, financial performance and
cash flows of Allgeier SE. Other companies that present or report
alternative performance measures with a similar title may calculate them
differently and therefore they may not be comparable. For more information
on the alternative performance measures used by Allgeier SE, please refer to
the Annual Report 2022.


Contact:

Allgeier SE

Corporate Communications & Investor Relations
Dr. Christopher Große
Einsteinstrasse 172
81677 Munich
Tel.: +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 Germany's leading technology companies for digital
transformation: The fast-growing group guides its clients through the
challenges of digital transformation to ensure their future success.
Allgeier has a broad and stable customer base of global corporations,
high-performing medium-sized companies and public sector clients at all
federal levels. To its more than 2,000 customers, Allgeier offers a fully
comprehensive software and IT services portfolio ranging from high-end
software development to business efficiency solutions to support the
digitization and transformation of business-critical processes. In doing so,
Allgeier achieves breakthroughs towards new digital business models, defines
strategic priorities and implements groundbreaking software and IT services
projects with high flexibility and scalability to shape agile and
intelligent organizations for the digital age. The two group segments
Enterprise IT and mgm technology partners employ more than 3,500 salaried
staff at a total of 44 locations worldwide in the DACH region, France,
Spain, Portugal, Poland and Czechia, as well as in India, Vietnam and the
USA. In the 2023 financial year, Allgeier generated total operating
performance of EUR 496 million in continuing operations according to
preliminary and as yet unaudited figures. According to the Lünendonk® List
2023, Allgeier is one of the leading IT service companies in Germany.
Allgeier SE is listed on the Regulated Market of the Frankfurt Stock
Exchange in the General Standard (WKN A2GS63, ISIN DE000A2GS633). Further
information at: www.allgeier.com


End of Inside Information

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   Language:       English
   Company:        ALLGEIER SE
                   Einsteinstraße 172
                   81677 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
   EQS News ID:    1853759

End of Announcement EQS News Service
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1853759 07-March-2024 CET/CEST