Corporate | 23 November 2006 08:00
ARQUES Industries AG shows strong increase in profit in
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The issuer is solely responsible for the content of this announcement.
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ARQUES Industries AG shows strong increase in profit in third quarter
EBIT more than 350% above previous year / Revenues increased by
approximately 70%
Starnberg, November 23, 2006 – The Starnberg-based equity investment
company, ARQUES Industries AG (ISIN DE0005156004), increased its revenues
in the third quarter by approximately 70% to EUR 177.2 million (2005: EUR
104.5 million). The EBITDA (earnings before interest, taxes, depreciation
and amortisation) increased by EUR 25.1 million, or approximately 270%, to
EUR 34.4 million compared to the third quarter 2005. The EBIT rose by 350%
compared with of the previous year to EUR 28.8 million (2005: EUR 6.3
million). The financial figures of the newly acquired companies,
Farbendruck Weber AG, pwe Verlag GmbH, as well as the paper mill, Wolfsheck
(Salto Paper), are included for the first time in the third quarter 2006.
The chemicals company, Oxxynova, and the technical service provider, BEA
TDL, with annual revenues totalling approximately EUR 240 million, will be
consolidated into the ARQUES group in the fourth quarter.
Based on the first nine months of the financial year, ARQUES increased
group revenues by 76% to EUR 500.8 million (2005: EUR 283.9 million). The
EBITDA stands at EUR 84.7 million compared to EUR 39.7 million last year
(+113%). The EBIT increased by more than 120% to EUR 68.3 million (2005:
EUR 30.8 million). Altogether, ARQUES generated a consolidated net profit
to the value of EUR 64.9 million after the first nine months of the
financial year (2005: EUR 25.3 million). The earnings per share amounted to
EUR 2.67 (2005: EUR 1.14), which corresponds to an increase of 134%
compared to the same period last year.
Shareholder’s equity increased to EUR 198.5 million (Dec. 31, 2005: EUR
142.2 million) as at September 30, 2006, and the net asset value of the
ARQUES investment portfolio increased to EUR 310.1 million. The return on
equity increased to 50.8% (Dec. 31, 2005: 49.7%) and the return on revenues
to 13.6% (Dec. 31, 2005: 11.1%). The equity ratio amounted to 35.7% (Dec.
31, 2005: 38.7%) at the reporting date.
The goals for the financial year 2006 of annualised group revenues of more
than EUR 1 billion as well as an EBITDA of EUR 80 million have already been
substantially exceeded after the third quarter of the financial year.
ARQUES will host a press and analysts’ conference in Frankfurt/Main on
December 4, 2006. Further details will be published soon.
The report for the third quarter and the first nine months of the financial
year can be downloaded 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 23.11.2006
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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, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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