ALLGEIER SE
ISIN: DE000A2GS633
WKN: A2GS63
05 November 2024 12:52PM

EQS-Adhoc: Allgeier SE: Business performance in the third quarter of 2024 continues to be influenced by a one-off effect in the public sector

ALLGEIER SE · ISIN: DE000A2GS633 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 2022907

EQS-Ad-hoc: ALLGEIER SE / Key word(s): 9 Month figures/Change in Forecast
Allgeier SE: Business performance in the third quarter of 2024 continues to be influenced by a one-off effect in the public sector

05-Nov-2024 / 12:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Munich, 05 November 2024 – The revenue and earnings development of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) in the third quarter of 2024 is still characterized by the special situation in the area of public-sector clients. The delayed implementation of digitalization projects also had a significant impact on the third quarter, particularly at our group company publicplan. The revenue generated in the third quarter was more than EUR 4 million lower than expected, which resulted in a negative impact on EBITDA of approximately EUR 2.5 million. As a result, revenue for the first nine months of the financial year was reduced by a total of approximately EUR 17 million due to the project delays. For this reason, EBITDA for the first nine months of 2024 was negatively impacted by approximately EUR 8 million.

Apart from the special situation at publicplan, the Allgeier Group otherwise achieved its earnings targets in the third quarter of 2024 as expected overall. It is very encouraging that business in the public sector at our group company mgm technology partners already picked up noticeably during the third quarter.

In the first nine months of the 2024 financial year, the group generated revenues totalling EUR 335 million. At EUR 37 million, adjusted EBITDA was around EUR 6 million below the originally planned level. If the special situation in the area of public-sector clients had been additionally adjusted for, adjusted EBITDA would have been above EUR 45 million in the first nine months of 2024 and thus ahead of the planned result. In the first nine months of 2023, adjusted EBITDA was EUR 40 million.

For the fourth quarter, publicplan expects a negative impact on revenues of approximately EUR 5 million and a negative impact on EBITDA of approximately EUR 3 million compared to the half-year forecast. Otherwise, the Allgeier Group expects a stable business development. Revenues for the fourth quarter of 2024 are expected to be in the range of EUR 120 to 125 million. Adjusted EBITDA for the fourth quarter is expected to be in the range of EUR 18 to 19 million. Without the extraordinary charge, the expectation in terms of adjusted EBITDA would be between EUR 21 and 22 million. In the fourth quarter of 2023, adjusted EBITDA stood at EUR 21 million.

For the full year 2024, this translates into consolidated revenues between EUR 455 and 460 million and adjusted EBITDA in the range of EUR 55 to 56 million, corresponding to an operating profit margin of around 12 percent. Excluding the exceptional charges from the public sector for the full year 2024, the expected adjusted EBITDA would be EUR 67 million.

For the extraordinary result of fiscal year 2024, in total a positive amount of approx. EUR 4 million is expected. In addition to extraordinary expenses for structural measures and cost reductions, the expected amount includes a positive earnings contribution from the new agreement of an earn-out provision for the subsidiary Evora. There, the departure of two of the four founders as minority shareholders and the acquisition of the minority interests by the two founders managing the company led to the conclusion of an amended shareholder agreement and an amended earn-out provision in the third quarter of 2024. As a result, the group's reported EBITDA for the 2024 financial year is expected to be in the region of EUR 60 million (previous year: EUR 58 million).

The business figures at the end of the third quarter of 2024 are presented in detail in the voluntary interim information for the Allgeier Group, which will be published on 14 November 2024.


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 2,000 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 3,400 employees work at a total of 47 locations worldwide in the DACH region, France, Spain, Portugal, Poland, Czechia and the Netherlands as well as in India, Vietnam and the USA. In the 2023 financial year, Allgeier generated revenue of EUR 488 million from 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



End of Inside Information

05-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: ALLGEIER SE
Einsteinstraße 172
81677 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: info@allgeier.com
Internet: http://www.allgeier.com
ISIN: DE000A2GS633
WKN: A2GS63
Indices: CDAX
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 2022907

 
End of Announcement EQS News Service

2022907  05-Nov-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2022907&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 687,98 378,49 351,69 403,61 480,36 488,82 458,00
EBITDA1,2 40,58 9,03 23,36 38,27 60,76 58,28 55,00
EBITDA-Margin3 5,90 2,39 6,64 9,48 12,65 11,92 12,01
EBIT1,4 18,40 -4,04 7,06 19,76 33,40 32,00 0,00
EBIT-Margin5 2,67 -1,07 2,01 4,90 6,95 6,55 0,00
Net Profit (Loss)1 6,42 -10,10 1,05 12,39 24,65 16,68 0,00
Net-Margin6 0,93 -2,67 0,30 3,07 5,13 3,41 0,00
Cashflow1,7 17,00 27,27 33,79 29,10 31,68 31,59 0,00
Earnings per share8 0,58 -0,82 0,01 1,02 1,68 1,13 1,82
Dividend per share8 0,50 0,50 0,50 0,50 0,50 0,50 0,50
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Lohr & Company

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Allgeier
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2GS63 DE000A2GS633 SE 174,38 Mio € 11.07.2000 Halten 8FWH4JPF+R6
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
8,09 22,39 0,36 20,00 1,31 5,52 0,36
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,50 0,50 0,50 3,29%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
25.06.2024 15.05.2024 15.08.2024 14.11.2024 30.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-3,80%
15,20 €
ATH 59,80 €
-2,73% -11,68% -29,30% -29,14% -32,44%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL