DGAP-Adhoc

Allgeier SE: Allgeier reports half-yearly figures

ALLGEIER SE / Key word(s): Half Year Results

29.07.2014 14:35

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The issuer is solely responsible for the content of this announcement.

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Munich, 29 July 2014 - Allgeier SE (ISIN DE0005086300, WKN 508630) reports
a stable revenue trend during the first six months of the 2014 financial
year (1 January 2014 - 30 June 2014), according to preliminary figures.
EBITDA as reported on a preliminary basis fell slightly due to the business
trend in the Experts segment. The two other segments reported significant
growth in part, by contrast. Preliminary consolidated revenue, including
discontinued operations, remained nearly unchanged at EUR 226.6 million in
the first half-year of 2014 compared with the first six months of 2013 (EUR
227.3 million). Preliminary EBITDA, including discontinued operations, fell
by 7 percent to EUR 11.5 million in a year-on-year comparison (previous
year: EUR 12.3 million). Accordingly, preliminary earnings before interest
and tax (EBIT), including discontinued operations, dropped to EUR 5.0
million (previous year: EUR 6.2 million). Preliminary earnings before tax
(EBT), including discontinued operations, at EUR 3.3 million almost reached
the result of the prior-year period (previous year: EUR 3.5 million). After
deduction of preliminary tax expenses of EUR 1.5 million (previous year:
EUR 1.4 million), Allgeier generated a preliminary profit of EUR 1.8
million in the first half-year of 2014 (previous year: EUR 2.1 million).
Preliminary revenue generated by continuing operations (excluding
discontinued operations) stood at EUR 202.4 million in the first half-year
of 2014 (previous year: EUR 202.9 million). Preliminary EBITDA from
continuing operations (excluding discontinued operations) posted EUR 10.7
million during the period under review (previous year: EUR 11.8 million).

This business area, which is reported as a discontinued operation in the
half-year figures, is being deconsolidated in July 2014. The Allgeier Group
anticipates a disposal gain of around EUR 1 million from the sale of this
business.

Total assets decreased slightly in the first half year of 2014 to EUR 283.2
million as of 30 June 2014 (31 December 2013: EUR 289.3 million), according
to preliminary figures. The reduction in total assets is essentially
attributable to seasonal and reporting-date-related working capital
fluctuations, outgoing payments as part of acquisition activities occurred