EQS-Adhoc

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. 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.