Corporate | 4 December 2006 08:02
ARQUES Industries AG substantially increases annual goals for 2006 and 2007ARQUES Industries AG:
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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– EBITDA 2006 increased to EUR 120 million and EBITDA 2007 to EUR 180
million
– Earnings per share 2006 above EUR 3.00
Starnberg, December 4, 2006 – The Starnberg-based equity investment
company, ARQUES Industries AG (ISIN DE0005156004), has substantially
increases its goals for the financial years 2006 and 2007. Profitability
will increase more than previously forecast. ARQUES increases its annual
EBITDA goal for 2006 from EUR 80 million by 50% to EUR 120 million. The
revenue target for 2006 to the value of EUR 780 million remains unchanged.
With revenues of EUR 1.5 billion in 2007 (previously EUR 1.3 billion),
ARQUES expects a further improvement of the EBITDA to EUR 180 million
(previously expected EUR 130 million). Compared with the financial year
2005, the new goals for the financial year 2006 correspond to an increase
in revenues of almost 90% (2005: EUR 417.5 million) as well as a doubling
of the EBITDA (2005: EUR 59.1 million). The earnings per share should
thereby substantially exceed EUR 3.00.
The company is also confident of continuing its profitable business
expansion in the coming years. This applies both to revenues as well as to
profitability. In addition, ARQUES is expecting larger acquisitions in
future which may, in individual cases, exceed a sales volume of 500 million
due to the revenues already generated to date and the good market
reputation. The ongoing trend of conglomerates parting with non-core
business activities, supports this expectation.
Successful initial public offer of SKW Metallurgie
The business dynamics within the ARQUES group were decisive for the
increase in the annual goals. By the end of the third quarter 2006, at the
end of September, the Starnberg-based equity investment company had
substantially exceeded its targets for 2006 regarding annualised group
revenues of more than EUR 1 billion, as well as an EBITDA of EUR 80
million. ARQUES improved the operational results of all 18 sub-groups
consolidated at the end of September. In addition, ARQUES expects further
external growth. In total, eleven acquisitions with a sales volume of more
than EUR 500 million were made from January to November. Further
acquisitions are planned for the remainder of the financial year.
In addition, ARQUES generated considerable contributions to earnings in
2006 from the sale of successfully developed subsidiaries. This applies in
particular to the IPO of the subsidiary, SKW Stahl-Metallurgie Holding AG,
on December 1, 2006. By way of this placement, ARQUES will receive an
operational profit of up to EUR 21.6 million as well as a group cash inflow
to the value of approximately EUR 55 million before costs of the initial
public offer by full exercising of the greenshoe. Likewise in the fourth
quarter ARQUANA International Print & Media AG shares were placed in the
course of a segment change to the Prime Standard and the related capital
increase led to a profit for ARQUES to the value of approximately EUR 4.4
million. The shareholders are also to profit from this positive development
by means of a significantly higher dividend. The exact amount of the
dividend for 2006 will be specified in time for the general meeting set for
June 21, 2007.
Further details regarding the strategy and outlook of ARQUES Industries AG
will be announced at a press and analysts’ conference in Frankfurt/Main
today.
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
ARQUES Industries AG
Public Relations & Corporate Communication
Christian Schneider
Tel.: +49 (0) 8151/ 651 0
Email: schneider@arques.de
(c)DGAP 04.12.2006
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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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