EQS-Adhoc: Allgeier SE achieves earnings target in first quarter of 2025 and confirms guidance

Munich April 30, 2025 – Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) has largely achieved its targets for the first quarter of 2025 (January 1, 2025 – March 31, 2025) and, according to preliminary figures, generated revenue of EUR 96 million from continuing operations (previous year: EUR 99 million). The development compared to the first quarter of the previous year was still significantly influenced by the special situation resulting from the delayed implementation of planned digitalization projects in the public sector. Against the backdrop of the expected digitalization budgets, particularly at the federal level, we assume that this situation will gradually resolve itself in the second half of the year and that the new projects already won will be implemented. The Allgeier Group's gross profit (defined as total operating performance less sales and personnel costs directly attributable to sales) amounted to EUR 33 million in the first three months of 2025 (previous year: EUR 36 million). This resulted in a gross margin of 34 percent (previous year: 35 percent). Adjusted EBITDA (EBITDA before effects that are classified as extraordinary or relating to other accounting periods) amounted to EUR 10 million (previous year: EUR 10 million), corresponding to an adjusted EBITDA margin of 10 percent (previous year: 10 percent). EBITDA for the first quarter of 2025 was EUR 9 million (previous year: EUR 10 million), corresponding to an EBITDA margin of 9 percent (previous year: 10 percent).

Key balance sheet figures as of March 31, 2025

As of the balance sheet date of March 31, 2025, consolidated equity amounted to EUR 192 million (December 31, 2024: EUR 194 million). At the end of the first quarter of 2025, the Allgeier Group had cash and cash equivalents of EUR 40 million (December 31, 2024: EUR 57 million). Interest-bearing financial liabilities (excluding liabilities from rental and lease agreements) decreased to EUR 146 million as of March 31, 2025 (December 31, 2024: EUR 149 million). Net debt (including liabilities from rental and lease agreements) amounted to EUR 138 million at the end of the first quarter (December 31, 2024: EUR 128 million). Total assets amounted to EUR 457 million as of the reporting date (December 31, 2024: EUR 471 million).

Outlook

Allgeier SE confirms the guidance for the 2025 fiscal year published in the ad hoc announcement dated December 20, 2024, and in the 2024 Annual Report.

Notes

The detailed financial figures for the end of the first quarter of 2025 will be presented in the voluntary interim statement for the Allgeier Group, which will be published on May 15, 2025.

The figures in the income statement for the previous year refer to the Group's continuing operations.

Contact:

Allgeier SE
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 a technology company for digital transformation. Allgeier Group companies guide their customers in Germany and abroad through the challenges of digital change with comprehensive software and IT services and support the digitalization and transformation of business-critical processes. With more than 2,500 customers, the broad and stable customer base consists of global corporations, high-performance medium-sized companies and public sector clients at all federal levels. The service portfolio ranges from the company's proprietary software products and high-end software development to consulting, conception and long-term support for software applications in the cloud or other environments. In the two Group segments Enterprise IT and mgm technology partners, more than 3,100 employees work at a total of 48 locations worldwide in the DACH region, France, Spain, Portugal, Poland, Czechia and the Netherlands as well as in India, Vietnam, the USA and Canada. In the 2024 financial year, the Allgeier Group generated sales of EUR 403 million in continuing operations. According to the Lünendonk® List 2024, 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