Corporate | 21 August 2007 08:14
Müller - Die lila Logistik AG / Half Year Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Besigheim, 21 August 2007. Müller - Die lila Logistik AG closed the first six months of 2007 with sales revenues amounting to 40,802 k€. Earnings before interest and taxes (EBIT) compared with the prior-year period rose to 1,169 k€ (previous year: 1,047 k€), the EBIT margin increased to 2.9 percent (previous year: 2.6 percent). The net profit for the period under review improved to 911 k€ (previous year: 607 k€) during the first six months. Development of the business segments The planning and consulting operations (Logistics Design) segment of Müller - Die lila Logistik AG was able to increase sales by 5.2 % in comparison with the previous year. Sales revenues amounted to 1,331 k€ (previous year: 1,265 k€), the resulting earnings before interest and taxes (EBIT) were 214 k€ (previous year 196 k€). Sales in the Logistics Operating segment (providing operating logistics services) reached 39,584 k€ and thus the prior-year level (previous year: 39,320 k€). Earnings before interest and taxes (EBIT) of Logistics Operating grew by 12.2% to 955 k€ (previous year: 851 k€). Cash flow and equity ratio As at 30 June 2007, liquid assets of the Lila Logistik Group amounted to 2,754 k€ (previous year: 1,574 k€). The cash flow from operating activities during the 6-month period 2007 was 348 k€ (previous year 445 k€). Particularly due to the investment activities of the subsidiary in Poland, the cash outflow in the period under review totalled 8,099 k€ (previous year: 1,619 k€). On the other hand, there were cash inflows from finance activities amounting to 6,154 k€ (previous year: 1,657 k€) during the same period. The balance sheet total rose to 51,566 k€ (31/12/2006: 40,420 k€) as a result of which the equity ratio decreased to 28.7 % (31/12/2006: 34.3 %) during the first half of 2007. Capital expenditure, depreciation and amortisation Primarily due to the construction of the Logistics Service Center in Poland, the Lila Logistik Group invested 8,194 k€ (previous year 1,821 k€) during the first six months of 2007. Writedowns of tangible fixed assets and intangible assets amounted to 708 k€ (previous year: 967 k€). Personnel As at the key date 30 June 2007, the Lila Logistik Group employed 930 staff (previous year 947). Outlook Michael Müller, Chairman of the Management Board: 'The development in the first half of 2007 was according to the plans of the Lila Logistik Group. After a construction period of just under one year, we now look forward to meeting the operational challenges of our customers at our Logistics Service Center in Gliwice.' The company stands by the forecast given in the Annual Report 2006 as well as in the 3-month report 2007 for the total year 2007. In the third quarter of the current financial year, the investment phase implemented in 2006 shall be completed. For the current financial year 2007, the company expects a slight increase in sales revenues. Adjusted for the special effect in the first half of the year 2007, the development of results during the third quarter will be weaker in line with existing plans. In this respect, the forecast takes account of the first positive contributions to the results from the Logistics Service Center in Poland by the end of 2007. The six-month report 2007 is available on the Internet at www.lila-logistik.com. Müller - Die lila Logistik AG Ingo Hey Tel.: +49 (0) 7143 / 810 - 125 ingo.hey@lila-logistik.com www.lila-logistik.com 21.08.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Müller - Die lila Logistik AG Ferdinand-Porsche-Straße 4 74354 Besigheim-Ottmarsheim Deutschland Phone: +49 (0)7143 810-0 Fax: +49 (0)7143 810-198 E-mail: investor@lila-logistik.com Internet: www.lila-logistik.com ISIN: DE0006214687 WKN: 621468 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------