Corporate | 24 August 2006 11:25
ARQUES Industries AG publishes financial report for second quarter: Revenues and earnings exceed forecast
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
ARQUES Industries AG publishes financial report for second quarter
Revenues and earnings exceed forecast
Starnberg, August 24, 2006 – The Starnberg-based equity investment company,
ARQUES Industries AG (ISIN DE0005156004), has published its financial
report for the second quarter and the first half-year 2006.
In the second quarter ARQUES increased group revenues by 72.0% to EUR 183.5
million (previous year: EUR 106.7 million). The EBITDA (earnings before
interest, taxes, depreciation and amortisation) totalled EUR 27.4 million
compared to EUR 25.2 million in the second quarter 2005 (+ 8.7%). In
addition, a positive operational cash flow to the value of EUR 12.1 million
was reached in the second quarter compared to EUR -17.2 million in the
first quarter 2006. In the second quarter 2006 revenues and earnings of the
newly acquired companies, Georg Fischer Schwab, Fritz Berger, as well as
the print shop J.P. Bachem are included for the first time.
Based on the entire first half-year, ARQUES increased group revenues by
80.4% or EUR 144.2 million to EUR 323.6 million (previous year: EUR 179.4
million). The EBITDA amounted to EUR 50.3 million compared to EUR 30.4
million in the first half-year 2005 (+ 65.5%). The income from the reversal
of negative goodwill arising from capital consolidation amounted to EUR
41.4 million thereof. The EBIT increased by 61.2% to EUR 39.5 million
(previous year: EUR 24.5 million). The diluted earnings per share amounted
to EUR 1.57 which represents an increase of 45.4% compared to the half-year
2005 (previous year: EUR 1.08).
The half-year report is available as download under www.arques.de.
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround
specialist who focuses on the acquisition and the active restructuring of
companies in transitional situations, in order to develop these, with its
own team and own resources, to competitive enterprises with a positive
yield. ARQUES revitalises its subsidiaries’ potential for creating value
for the benefit of all its stakeholders, taking on the relevant social
responsibility. ARQUES has made a duty of identifying underestimated
companies with reduced survivability but with high appreciation potential,
at the same time mastering complex company structures and transitional
situations. The shares of ARQUES Industries AG are traded in the regulated
market (Prime Standard) of the Frankfurt Stock Exchange under the symbol
‘AQU’ (ISIN: DE0005156004) and are listed in the SDAX since September 19,
2005.
Contact:
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Tel.: +49 (0) 8151/ 651 0
Email: luedemann@arques.de
(c)DGAP 24.08.2006
—————————————————————————
Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: info@arques.de
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Stuttgart
End of News DGAP News-Service
—————————————————————————