Information Technology Services / IT Consulting & Software Development
Strategic Profile
Allgeier combines strong market positioning in German-speaking regions with significant international reach through 50+ global locations and approximately 2,500 software developers. The company differentiates through full-service capabilities spanning design to implementation of IT solutions, with particular expertise in SAP, Microsoft, Oracle, and IBM integrations, while maintaining strategic flexibility in custom software development and nearshore/offshore delivery models.
Cyborg Score Rationale
Allgeier demonstrates solid fundamentals as a diversified IT services provider with established market position and stable customer base of over 2,000 clients. However, 2024 revenue declined 7.94% to €457M with earnings falling 43.84%, and elevated valuation multiples (P/E of 38.20) reflect market concerns about competitive headwinds in the IT services sector.
Top Insights
2024 showed strategic resilience: achieved earnings guidance despite 7.9% revenue decline, confirmed 2025 guidance early, and expanded SAP cloud ERP expertise through all4cloud acquisition (Evora)
Successful portfolio optimization: divested non-core personnel services business (Oct 2024) to focus on higher-margin software development and consulting
Global footprint expansion: 51 locations across Europe, Asia, Americas with ~2,500 developers positioned for nearshore/offshore competitive delivery model
Strong insider ownership (40.86%) aligned with long-term value creation strategy, though modest institutional support (21.89%) suggests investor caution on growth trajectory
Named Competitors
Consulting & Implementation Services — Global IT consulting and services powerhouse
System Integration & Digital Services — Multinational IT services and consulting leader
Enterprise IT Solutions — German-based ERP and digital transformation specialist
Custom Software Development — Software engineering specialist spun off from Allgeier in 2020
Recent Developments
(August 2025) Evora acquires SAP cloud ERP expert all4cloud, expanding Allgeier's public cloud and SAP portfolio strategy
(April 2025) Q1 2025 earnings target achieved and full-year guidance confirmed, signaling stabilization after 2024 challenges
(October 2024) Divested portion of personnel services business to refocus on higher-value IT solutions and development services