Allgeier SE Q1 2024: Transformation Boosts Gross Margins to New Heights

• Allgeier SE reported a Q1 2024 revenue of EUR 113 million, a decrease from EUR 124 million in the same period of the previous year.
• The decrease in revenue is attributed to the reduction of low-margin business in the Personnel Services business unit since Q2 2023.
• Gross profit remained stable at EUR 39 million, resulting in a higher gross margin of 33.7% compared to 31.5% in the previous year.
• Adjusted EBITDA amounted to EUR 11.2 million, corresponding to an adjusted EBITDA margin of 9.8%.
• As of March 31, 2024, Group equity was EUR 190 million, with cash and cash equivalents of EUR 46 million.
• Allgeier SE expects its full-year 2024 performance to align with the guidance published for 2024.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Allgeier is on 15.05.2024.

The price of Allgeier at the time of the news was 19,500EUR and was down -0,89 % compared with the previous day.
6 minutes after the article was published, the price was 19,000EUR this corresponds to a minus of -2,56 % since publication.

Allgeier

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-23,15 %

-17,36 %

+271,08 %

+450,15 %

+923,44 %

ISIN:DE000A2GS633WKN:A2GS63

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