Allgeier (AEIN) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was EUR 95.6 million, down 4% year-over-year due to delayed public sector digitalization projects.

• Gross profit decreased by 8% to EUR 32.8 million, with a gross margin of 33.7%.

• Adjusted EBITDA fell 7% to EUR 9.8 million, with an adjusted margin of 10.0%.

• Net loss for the period was EUR -0.0 million, with undiluted EPS at EUR -0.07, unchanged from the prior year.

• Adjusted EPS was EUR 0.03, down from EUR 0.06 in Q1 2024.

Financial highlights

• EBIT dropped 34% year-over-year to EUR 2.3 million.

• EBT was EUR -0.2 million, compared to EUR 0.5 million in Q1 2024.

• Cash flow from operating activities rose to EUR 11.4 million from EUR 6.2 million a year earlier.

• Cash and cash equivalents decreased to EUR 34.7 million at quarter-end from EUR 52.4 million at year-end 2024.

• Net debt decreased to EUR 120.8 million from EUR 122.4 million at the end of 2024.

Outlook and guidance

• Guidance for full-year 2025 is confirmed as previously published.

• Management expects delayed public sector digitalization projects to resume in the second half of 2025.