EQS-Adhoc: Allgeier SE increases total performance by 21% in fiscal year 2022 – earnings margin rises disproportionately

Business performance of continuing operations in the full year 2022

In fiscal year 2022, the Allgeier Group generated total operating performance of EUR 487 million in continuing operations (previous year: EUR 404 million), which corresponds to a growth of 21 percent. In this context, gross profit (defined as total performance less cost of sales and personnel expenses directly attributable to sales) increased disproportionately by 22 percent to EUR 157 million (previous year: EUR 129 million). Adjusted EBITDA (earnings before depreciation, amortization and impairment losses on property, plant and equipment, interest, and taxes, adjusted for extraordinary items and items relating to other periods) rose by 37 percent to EUR 62 million (previous year: EUR 45 million). EBITDA grew by 63 percent and amounted to EUR 62 million (previous year: EUR 38 million), corresponding to an EBITDA margin of 12.8 percent (previous year: 9.5 percent). EBIT amounted to EUR 35 million (previous year: EUR 20 million), representing an increase of 78 percent.

Key balance sheet data as of December 31, 2022

The Allgeier Group had cash and cash equivalents of EUR 87 million at the end of fiscal year 2022 (previous year: EUR 69 million). Current and non-current financial liabilities amounted to EUR 150 million as of the balance sheet date (previous year: EUR 138 million). Net financial liabilities decreased to EUR 105 million as of the balance sheet date (previous year: EUR 114 million), including liabilities from rental and leasing agreements of EUR 42 million to be recognized as liabilities under IFRS 16 (previous year: EUR 45 million). Total assets increased to EUR 512 million (previous year: EUR 485 million).

Confirmation of the 2023 guidance

Allgeier SE confirms the guidance for the 2023 financial year published in the ad hoc announcement of December 20, 2022. This envisages revenue in the range of EUR 500 to 540 million and adjusted EBITDA of between EUR 65 and 71 million in the 2023 financial year. In the medium term, the Management Board expects an average organic growth rate of 10 to 15 percent for the coming three-year period. The adjusted EBITDA margin is expected to grow further to 15 percent within this period.

Notes

The 2022 Annual Report of Allgeier SE will be published on April 28, 2023 and can then be viewed at www.allgeier.com.

All business figures for the 2022 financial year are preliminary and have not yet been conclusively audited by the Group's auditor. Information for periods after December 31, 2022 represents expectations of the Management Board based on assumptions and estimates. Future actual developments and future actual results may deviate from these assumptions and estimates. Allgeier SE assumes no guarantee and no liability that future developments and actual results achieved in the future will correspond to the assumptions and estimates expressed in this ad hoc announcement.

This document contains supplementary financial measures - not precisely defined in relevant accounting frameworks - that are or may be so-called alternative performance measures. These supplementary financial measures may be of limited use as an analytical tool and should not be used in isolation or as an alternative to the financial measures presented in the consolidated financial statements and determined in accordance with relevant accounting frameworks in assessing the financial position, financial performance, and cash flows of Allgeier SE. Other companies that present or report alternative performance measures with a similar title may calculate them differently and therefore they may not be comparable. For more information on the alternative performance measures used by Allgeier SE, please refer to the Annual Report 2021.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Einsteinstrasse 172
81677 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of Germany's leading technology companies for digital transformation: The fast-growing group guides its clients through the challenges of digital transformation to ensure their future success. Allgeier has a broad and stable customer base of global corporations, high-performing medium-sized companies and public sector clients at all federal levels. To its more than 2,000 customers, Allgeier offers a fully comprehensive software and IT services portfolio ranging from high-end software development to business efficiency solutions to support the digitization and transformation of business-critical processes. In doing so, Allgeier achieves breakthroughs towards new digital business models, defines strategic priorities and implements groundbreaking software and IT services projects with high flexibility and scalability to shape agile and intelligent organizations for the digital age. The two group segments Enterprise IT and mgm technology partners employ over 3,300 salaried staff at a total of 51 locations worldwide in the DACH region, France, Spain, Portugal, Poland and the Czech Republic, as well as in India, Vietnam and the USA. In fiscal year 2021, Allgeier generated a total performance of EUR 487 million in continuing operations. According to the Lünendonk® List 2022, Allgeier is one of the leading IT service companies in Germany. Allgeier SE is listed on the Regulated Market of the Frankfurt Stock Exchange in the General Standard (WKN A2GS63, ISIN DE000A2GS633). Further information at: www.allgeier.com

1578809  09-March-2023 CET/CEST