Corporate | 11 August 2009 14:05
ARAGON AG / Miscellaneous
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- ARAGON subsidiary Jung, DMS & Cie. concludes a strategic partnership
with Ertrag & Sicherheit, Austria
- This sets Jung, DMS & Cie. on course to become the new market leader in
independent financial consulting in Austria
- Strong positive impact on ARAGON's sales and income
Jung, DMS & Cie. GmbH, Vienna (JDC Vienna), subsidiary of Aragon AG, and
Ertrag & Sicherheit Investmentfondsberatung Ges.m.b.H. (E&S), one of the
largest bank independent securities companies in Austria, have concluded a
wide-ranging strategic partnership.
In the wake of this collaboration, JDC Vienna will immediately take over
the entire settlement and administration of E&S's securities business. All
sales partners of E&S will be exclusively affiliated to JDC Vienna's
liability umbrella. At the same time, E&S will return its licence as a
securities company and will change its name to 'Ertrag & Sicherheit
Vermögensberatung Ges.m.b.H.'
Established in 1985, E&S ranks as one of the pioneers in the sale of
investment funds and securities in Austria. The company is operating at
over 30 locations in Austria with more than 1,000 independent financial
advisors (IFA). In addition, E&S maintains branches and representative
offices in Hungary and the Czech Republic with more than 150 IFAs in each
country. In 2008, E&S achieved revenues of over EUR 25m.
Through this strategic partnership, Aragon is on course to become the new
market leader in independent financial consulting in Austria via its
subsidiary JDC Vienna. In combination with the planned acquisition of MLP
Austria, which was announced yesterday, this will produce additional
revenue potential for Aragon of more than EUR 30m per annum and also, from
next year onwards, a potential annual contribution to profit in the range
of a low single-digit million amount. From 2010 onwards, Aragon's annual
potential new business will stand at over EUR 2bn. The JDC liability
umbrella with more than 2,500 tied agents is the new market leader in the
German-speaking area.
Dr. Sebastian Grabmaier, CEO of Aragon AG and Chairman of the Management
Board of Jung, DMS & Cie. AG, is delighted about the new partnership: 'JDC
and E&S complement each other ideally. E&S is the most effective company
for investment funds and securities in the Austrian market and we are
contributing our top quality settlement expertise as well as our liability
umbrella to the partnership. This will allow us to expand our market
position in Austria to become the new No. 1 in independent financial
consulting. Together, we also aim to develop the Eastern European market.
By means of this collaboration and the planned acquisition of MLP Austria
announced yesterday, both our annual potential sales and our income should
increase by about one third and this will also have a substantially
positive impact on our profit from 2010 onwards.'
Wulf Schütz, COO of Aragon AG, explains the strategic background of the
partnership: 'Now, our long-standing investment in our liability umbrella
and our settlement platform pay off. We consider ourselves pacemakers in
the consolidation of the German-speaking financial sales sector and we see
clearly the great opportunities that are offered by the current market
phase.'
About Aragon AG
Aragon AG is a broadly diversified financial services company, with the
divisions: Broker Pools, Financial Consulting, Institutional Sales and
Holding (incl. Banking & Banking Services). Aragon is active in the
marketplace with multiple independent subsidiaries. The company's aim is to
integrate various distribution models under one roof, without disturbing
the individual identity of each sales company. The result is a wide
diversification across various asset classes and distribution types, which
generates a high stability in corporate earnings. Further information about
the company and its subsidiaries can be viewed on the website:
www.aragon.ag.
About the Jung, DMS & Cie. Group
The Jung, DMS & Cie. Group is a network of more than 14,000 IFAs in Germany
and Austria. The advisers focus on consultancy and support for their
customers. The Jung, DMS & Cie. Group has a team of over 90 people based in
Wiesbaden, Grünwald near Munich and Vienna, who process all administrative
aspects relating to investment, equity investment and insurance products as
well as organising specialist training and continued professional
development for its partners.
About E&S - Ertrag und Sicherheit Vermögensberatung Ges.m.b.H.
Ertrag & Sicherheit Vermögensberatung Ges.m.b.H. (E&S), based in Graz, is
the largest independent Austrian investment consultant. Established in 1985
by Manfred Zettl and Leopold Krauthaufer, E&S ranks as one of the pioneers
among international investment funds in Austria. Today, its product range
includes innovative financing schemes as well as hedging products and
provisioning products for private clients in addition to investment funds.
The company, which is headquartered in Graz, has over 40 representative
offices and branches in Austria as well as offices in Hungary and the Czech
Republic.
Contact:
Aragon Aktiengesellschaft
Ralf Funke
Investor Relations
Tel.: +49(0)611 890 575-0
Fax: +49(0)611 890 575-99
E-Mail: ir@aragon.ag
11.08.2009 Financial News transmitted by DGAP
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