EQS-Adhoc
Allgeier SE: Guidance for the 2024 fiscal year and mid-term expectation
- Allgeier SE expects revenues of EUR 510-550 million in 2024 fiscal year.
- Adjusted EBITDA for 2024 is expected to be EUR 63-69 million.
- Management Board expects 10-15% organic growth rate and 15% adjusted EBITDA margin in medium term.
EQS-Ad-hoc: ALLGEIER SE / Key word(s): Forecast/Personnel Munich, December 14, 2023 – The Management Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), Munich, expects revenues in the range of EUR 510 to 550 million in the coming 2024 fiscal year according to the Group planning approved today. 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 percent and 13 percent. |
In the medium term, the Management Board expects an average organic growth rate in Group revenue of 10 percent to 15 percent over the next three years. The adjusted EBITDA margin is expected to increase further to 15 percent within this period.
All of the aforementioned plan figures and targets for the period from 2024 onwards relate to organic Group growth. Potential further acquisitions will provide an additional contribution to revenues and earnings growth.
The expectation for the business development in the current fiscal year 2023 corresponds to the guidance published in the ad hoc announcement of November 7, 2023.
The Supervisory Board of Allgeier SE has appointed Mr. Moritz Genzel as an additional member of the Management Board with effect from January 1, 2024. Moritz Genzel has been with the company since 2019. Previously, Mr. Genzel worked for an internationally operating Swiss investment bank and a law firm specialized in commercial law.
Notes
It should be noted that disclosures for periods after September 30, 2023 represent expectations of the Management Board based on assumptions and estimates. Future actual developments and future actual results may deviate from these assumptions and estimates. Allgeier SE provides no guarantee and assumes no liability that future developments and future actual results will be consistent with the assumptions and estimates expressed in this ad hoc announcement.