Allgeier SE's First Half of 2025 Affected by Public Sector Delays

In the first half of 2025, Allgeier SE reported revenue of EUR 187 million, compared to EUR 198 million the previous year. The company's performance has been hampered by delays in public sector digitalization projects, partly due to a new federal government still in development. This delay resulted in a EUR 7 million shortfall against forecasts. Despite this, Allgeier has strategically invested in skills, staffing, and software development, anticipating increased project commencement later in the year.

Gross profit for the period was EUR 67 million, maintaining a 35% margin, while adjusted EBITDA stood at EUR 21 million, mirroring last year's margin. Extraordinary costs of EUR 5 million, primarily for public sector projects, reduced reported EBITDA to EUR 16 million. As of June 30, 2025, Allgeier's equity was EUR 183 million. Cash reserves were EUR 33 million, and net debt reached EUR 134 million.

Allgeier remains confident, retaining its 2025 fiscal guidance and looks forward to resolving current delays and implementing new projects shortly.