Ad hoc: Allgeier SE: Forecast 2018 and guidance for 2019

Munich, December 11, 2018 - The Management Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), Munich, today approved the Group planning for 2019 and prepared a forecast for the end of 2018 based on the preliminary Group figures for October 2018.  

In the Annual Report for 2017, the Management Board issued the following guidance for the Group for 2018: Group sales should grow by between 18 and 23 percent. Group EBITDA should grow disproportionately and reach an EBITDA margin of between 6.0 and 6.5 percent.  

Measured against the current forecast for 2018 as a whole, the targets mentioned will be achieved as follows: For the Group as a whole (continuing and non-continuing operations), the Management Board expects revenue growth of 22 percent and value added growth of 27 percent for the 2018 financial year. Before extraordinary expenses and effects relating to other periods, the EBITDA margin is expected to be 6.5 percent. The EBITDA margin is expected to be 5.1 percent. For the Group as a whole, this means expected sales of around EUR 700 million, EBITDA of EUR 35.6 million and EBITDA adjusted for extraordinary expenses and effects relating to other periods of EUR 45.4 million. Due to the advanced stage of the decision regarding the announced separation of the Allgeier Experts segment (see ad hoc release dated July 09, 2018), the Experts segment is expected to be reported as non-continuing operations in the consolidated financial statements for 2018.  

The planning for the 2019 financial year shows a development that continues the positive trend of the 2018 financial year: For the Group as a whole (continuing and non-continuing operations), revenue growth of 17 percent with an EBITDA margin of between 6.5 and 7.0 percent is planned. This means planned sales of around EUR 820 million and planned EBITDA of around EUR 56 million. The planning for the companies acquired in 2018 is still preliminary and will be finalised in the first quarter of 2019.  

The planning relates exclusively to the organic growth of the Group. Future acquisitions in the individual divisions can make an additional contribution to growth.  

Reference

It should be noted that all figures stated for 2018 represent expectations of the Management Board and are therefore preliminary. All forward-looking planning statements are based on assumptions and estimates made by the Group Management Board. Even if the Management Board has the opinion that these assumptions and estimates are correct, future actual developments and future actual results may differ considerably from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the overall economic situation, exchange rates, interest rates, market developments and competitive conditions. Allgeier SE does not warrant or represent that future developments and actual future results will be consistent with the assumptions and estimates contained in this ad hoc announcement.  

Contact:

Allgeier SE Corporate Communications & Investor Relations Dr. Christopher Große Wehrlestraße 12 81679 Munich 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 and China, 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 around 140 branches in the DACH region, eleven other European countries and in India, China, Singapore, Vietnam, Malaysia, Japan, the United Arab Emirates, South Africa, Australia, Mexico and the USA. In fiscal 2017, Allgeier generated consolidated sales of EUR 574 million from continuing operations. 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.