DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Forecast/Results Forecast
Allgeier SE: Forecast for 2017 and guidance for 2018
19-Dec-2017 / 16:58 CET/CEST
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The issuer is solely responsible for the content of this announcement.
_M__ünchen_, December 18, 2017 - The Management Board of Allgeier SE (ISIN
DE000A2GS633, WKN A2GS63), Munich, has today approved its Group planning for
2018 and prepared a forecast for the 2017 year-end based on preliminary
consolidated figures for November 2017, which have been available since
today.
In the 2016 Annual Report, the Management Board issued the following
forecast for 2017 for the Group's individual divisions: the Solutions area
(renamed Enterprise Services) is expected grow its revenue between 60 and
70% and achieve a 4% EBITDA margin; the Experts area is anticipated to
report 4 to 5% revenue growth and generate a 3% EBITDA margin; the
Technology area is expected to achieve 14% revenue growth and an EBITDA
margin between 10 and 15%.
In terms of the current forecast for the full 2017 year, the specified
targets are achieved as follows:
- The Enterprise Services business area will prospectively report revenue
growth of more than 100% in the 2017 financial year, generating an
approximately 5% EBITDA margin; the EBITDA margin will amount to almost 7%
before extraordinary costs incurred in establishing the SAP business.
- The Experts business area will prospectively report slightly more than 2%
revenue growth in 2017. Following a revenue reduction during the first half
of 2017, chiefly reflecting the loss of one client as well as the division's
reorganisation, the growth rate in the second half of the year will amount
to 7% year-on-year. The EBITDA margin for the full year will amount to
slightly more than 2% and is burdened by the planned costs of reorganising
the division and hiring in line with investment in future growth.
- The Technology business area will prospectively report approximately 10%
revenue growth and an EBITDA margin in excess of 12%. Both revenue and
earnings in 2017 are affected by the change in the exchange rates between
the euro the US dollar as well as the Indian rupee over the course of the
year.
For the full 2017 year, the Management Board expects growth in consolidated
total operating revenue of 15%, and value creation up 14%. The EBITDA margin
will prospectively amount to 4.6%, and to around 4.9% before extraordinary
costs and expenses relating to other accounting periods. As a consequence,
the company expects total operating revenue of around EUR 582 million and
EBITDA of EUR 26.6 million, or EBITDA of EUR 28.6 million before
extraordinary costs and expenses relating to other accounting periods.
The planning for the 2018 financial year reflects a continuation of the
positive trend during the second half of 2017:
- With the inclusion of the newly established SAP business for the full
financial year, the Enterprise Services business area anticipates continued
19% year-on-year revenue growth in 2018 and an EBITDA margin of almost 8%.
The target margin for the coming years amounts to in excess of 10%.
- The Experts business area plans 22% revenue growth in 2018 with an EBITDA
margin of 4%. The target margin for the coming years amounts to more than
5%.
- The Technology business area plans 13% revenue growth for the 2018
financial year with an EBITDA margin between 12 and 13%. The target margin
for the coming years amounts to in excess of 15%.
Overall, the planning for 2018 for the Group generates planned revenue
growth of 19% and an EBITDA margin between 6 and 6.5%. This signifies
planned revenue EUR 685 million and budgeted EBITDA of around EUR 43
million.
This planning relates exclusively to organic Group growth. Acquisitions in
the individual business areas can make an additional contribution to growth.
Note
Please note that all of the aforementioned figures for 2017 represent
expectations on the part of the Management Board, and are provisional as a
consequence. All forward-looking statements relating to planning are based
on assumptions and estimates made by the Group Management Board. Although
the Management Board is of the opinion that such assumptions and estimates
are appropriate, future actual developments and future actual results can
differ considerably from such assumptions and estimates due to various
factors. Examples of such factors include changes in the macroeconomic
situation, exchange rates, interest rates as well as changes within market
trends and competitive situations. Allgeier SE assumes no warranty and no
liability for future developments and for results actually achieved in the
future being consistent with the assumptions and estimates expressed in this
ad hoc statement.
Contact:
Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-Mail: ir@allgeier.com
Web: www.allgeier.com [1]
Allgeier SE is one of the leading IT companies for digital transformation:
with a growth strategy oriented to innovations and future trends, as well as
an integrative business model, Allgeier exploits the opportunities that
digitalization offers. Three operating segments with individual specialist
and sector-related focus areas work together for around than 3,000 customers
from almost all business sectors. With over 6,800 salaried employees and
more than 1,300 freelance experts, Allgeier offers its customers an
extensive one-stop-shop range of solutions and services. Based on a highly
flexible delivery model, Allgeier covers the entire IT service spectrum from
on-site through to nearshore and offshore: with a strong business pillar in
India, the company secures flexibility and maximum scalability of services,
as well as highly qualified high-end software development expertise.
Allgeier customers include globally operating groups as well as innovative
medium-size business operations that aim to secure strategic advantages
through high-performance IT solutions, intelligent software and flexible
personnel services. This Munich-based, fast-growing Group maintains more
than 100 branches in the region of Germany, Austria and Switzerland, in nine
further European countries, as well as in India, Singapore, Vietnam,
Malaysia, Japan, Australia, Mexico and the USA. Allgeier generated EUR 498
million of revenue in its continuing operations in 2016. Allgeier SE ranks
first in the 2017 Lünendonk(R) special analysis of "Leading German
Medium-Sized IT Consultants and System Integrators". According to the
Lünendonk(R) 2017 market segment study "The Market for Recruiting, Mediating
and Managing IT Freelancers in Germany", Allgeier Experts ranks among
Germany's top three IT personnel service providers. Allgeier SE is listed on
the Regulated Market of the Frankfurt Stock Exchange (WKN A2GS63, ISIN
DE000A2GS633). For more information, visit: www.allgeier.com.
19-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: ALLGEIER SE
Wehrlestraße 12
81679 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
End of Announcement DGAP News Service
640509 19-Dec-2017 CET/CEST
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(END) Dow Jones Newswires
December 19, 2017 10:58 ET (15:58 GMT)
