DGAP-Adhoc

Allgeier SE exceeds forecast for fiscal year 2021 according to preliminary figures - margin increases significantly - Seite 2

Key balance sheet data as of December 31, 2021

The Allgeier Group had cash and cash equivalents of EUR 69 million at the end of fiscal year 2021 (previous year: EUR 61 million). Current and non-current financial liabilities amounted to EUR 138 million as of the balance sheet date (previous year: EUR 29 million). The main reason for the increase is the financing of the acquisitions made in 2021. The lease liabilities to be recognized under IFRS 16 amounted to EUR 45 million (previous year: EUR 31 million). Total assets increased to EUR 471 million (previous year: EUR 244 million).

Confirmation of Guidance 2022

As of today, Allgeier SE confirms the guidance for the 2022 financial year published in the ad hoc announcement of December 17, 2021. This envisages revenues in the range of EUR 480 to 520 million in the financial year 2022. The expected adjusted EBITDA of Allgeier SE for 2022 is between EUR 63 million and EUR 69 million. The corresponding adjusted EBITDA margin is expected to increase to 13 to 14 percent in the current fiscal year. In the medium term, the Management Board is aiming for an annual organic growth rate of 10 to 15 percent and an adjusted EBITDA margin of 15 percent over the next three years.

Notes

The acquisitions are consolidated in the Group from the date of acquisition (closing). The acquisition of the Evora Group in December 2021 is consolidated as of December 31, 2021. This means that this acquisition does not yet have any effect on the income statement for 2021, but the initial consolidation is reflected in the statement of financial position as of December 31, 2021, including the acquisition transaction.

The 2021 Annual Report of Allgeier SE will be published on April 29, 2022, and can then be viewed at www.allgeier.com.

All financial figures for the financial year 2021 are preliminary and have not yet been conclusively audited by the Group's auditor. Figures for periods after December 31, 2021, represent expectations of the Management Board based on assumptions and estimates. Future actual developments and future actual results may differ 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.