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Germany – Allgeier’s preliminary figures look positive

08 November 2013

Munich based IT staffing and software firm Allgeier SE (AEI: GER) has released preliminary figures for Q3 2013, ending 30 September 2013. Revenue is expected to have increased by +13% to €122.2 million from €107.7 million during the same period last year.

Revenue for the nine months to the end of September 2013 is anticipated to rise by +17% to €349.5 million, compared with €297.8 million last year. The increased revenue is as a direct result of increased operational growth and increased revenue contributions following corporate acquisitions in recent years. Net income for the nine months is forecast to reach €5.3 million, up from €1.6 million last year.

Allgeier SE is a holding company that operates in the information technology (IT) services sector. The company divides its activities into four business segments: IT Solutions, IT Services, IT Recruiting, and Project Solutions.

Based on its current share price of €16.45, the company has a market value of €148.8 million. 

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