DGAP-Adhoc

Allgeier SE exceeds forecast for fiscal year 2021 according to preliminary figures - margin increases significantly

DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Preliminary Results/Annual Results Allgeier SE exceeds forecast for fiscal year 2021 according to preliminary figures - margin increases significantly 10-March-2022 / 14:22 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Munich, March 10, 2022 - According to preliminary and as yet unaudited figures, the Allgeier Group exceeds its earnings forecast for fiscal year 2021 (January 1, 2021 - December 31, 2021), which was last published in an ad hoc announcement on December 17, 2021. Allgeier recorded double-digit revenue growth in the past 2021 financial year and was able to increase the earnings margin of adjusted EBITDA to over 10 percent for the first time. Business performance of continuing operations in full year 2021 In fiscal year 2021, the Allgeier Group generated total operating performance of EUR 404 million in continuing operations (previous year: EUR 353 million), which is equivalent to growth of 15 percent. Gross profit (defined as total operating performance less cost of sales and personnel expenses directly attributable to sales) rose disproportionately by 27 percent to EUR 129 million (previous year: EUR 102 million). The Group thus increased its gross margin to 32 percent (previous year: 29 percent). Adjusted EBITDA (EBITDA before effects that are extraordinary or relate to other periods) increased by 48 percent to EUR 45 million (previous year: EUR 30 million), corresponding to a margin of 11.1 percent (previous year: 8.6 percent). The main adjustments in fiscal 2021 were expenses from the valuation of stock options issued in 2021. EBITDA grew by 63 percent and amounted to EUR 38 million (previous year: EUR 23 million). EBIT amounted to EUR 20 million (previous year: EUR 7 million), corresponding to an increase of 179 percent.