Allgeier (AEIN) Q4 2025 earnings summary

Executive summary

• Revenue from continuing operations rose 1.2% year-over-year to €327.6 million, with adjusted EBITDA at €44.8 million and an adjusted EBITDA margin of 13.4%.

• Strategic focus sharpened by divesting infrastructure managed services and acquiring all4cloud, strengthening SAP cloud capabilities.

• Net debt was reduced by over 50% to €40 million, and the equity ratio improved to 50.9%.

• The company launched a share buyback program for up to 5% of shares and maintained a stable dividend of €0.50 per share.

Financial highlights

• Revenue from continuing operations: €327.6 million (2024: €323.8 million).

• Adjusted EBITDA: €44.8 million (2024: €45.9 million); margin 13.4%.

• EBIT: €17.5 million (2024: €26.9 million); net income from continuing operations: €6.8 million (2024: €13.3 million).

• Adjusted EPS: €1.44 (2024: €0.99); reported EPS: €0.51 (2024: €0.66).

• Order backlog increased to €99.6 million (2024: €80.1 million).

• Net debt reduced to €40 million (2024: €91.8 million).

• Equity: €205 million (2024: €194.2 million); equity ratio: 50.9%.

Outlook and guidance

• 2026 revenue guidance for continuing operations: €350–390 million, with adjusted EBITDA of €47–53 million.

• Medium-term target: 10% annual organic revenue growth and adjusted EBITDA margin rising to 15%.

• Both segments expected to contribute to growth, with Enterprise IT targeting €220–250 million revenue and mgm technology partners €130–140 million.