DGAP-Adhoc

Allgeier SE: Supervisory Board approves the 2015 financial statements and proposes dividend; Q1 2016 revenue and earnings growth

ALLGEIER SE / Key word(s): Final Results/Quarter Results

02.05.2016 12:35

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Munich, 29 April 2016 - At its meeting today, the Supervisory Board of
Allgeier SE (ISIN DE0005086300, WKN 508630) approved the audited separate
and consolidated financial statements for Allgeier SE for the 2015
financial year. The annual financial statements are thereby adopted. The
finalized consolidated figures essentially correspond to the preliminary
figures that were announced in an ad hoc release on 18 March 2016. The
business units that have been sold during the past financial year, b+m
Informatik AG, Melsdorf, the Innsbruck-based terna Group, Austria, and the
Storage division of Allgeier (Schweiz) AG, which is based in Thalwil,
Switzerland, are reported as discontinued operations. Munich-based Talentry
GmbH is also reported under discontinued operations due to ongoing
negotiations about a modification to its shareholder base with a view to
its strategic further development.

Revenue and earnings trends (IFRS)

The sum of a total consolidated revenue from continuing and discontinued
operations in the 2015 financial year elapsed (1 January 2015 to 31
December 2015) rose by 9 per cent to EUR 498.9 million (previous year: EUR
456.5 million). Adjusted consolidated EBITDA (EBITDA before effects that
qualify operationally as extraordinary or as relating to other accounting
periods) from continuing and discontinued operations reported
disproportionately rapid year-on-year growth of 16 per cent to reach EUR
29.3 million (previous year: EUR 25.3 million). Consolidated EBITDA
increased by 13 per cent to EUR 27.1 million during the period under review
(previous year: EUR 24.0 million). Consolidated EBIT for the period stood
at EUR 12.7 million, 20 per cent above the previous year's result (previous
year: EUR 10.5 million). Excluding disposal gains, the Group generated EUR
8.8 million of earnings before tax (previous year: EUR 5.5 million). The
Allgeier Group achieved EUR 10.0 million of income before tax from the
disposal of the divested business units. The expense for income taxes
(excluding income taxes on the disposal gain) amounted to EUR 5.6 million
in the reporting period (previous year: EUR 5.4 million). Consequently, the