Corporate | 14 August 2012 08:35
|
AURELIUS AG / Key word(s): Half Year Results
AURELIUS records higher consolidated revenues and profit in first half of 2012 – Half-year revenues up 27% to EUR577.4 million – EBITDA up 39% to EUR43.0 million – Pleasing performance in all three business activities – Further growth expected across 2012 as a whole Munich, August 14, 2012 – The Munich-based AURELIUS Group (ISIN: DE000A0JK2A8) increased its consolidated revenues by 27% in the first half of 2012 to EUR577.4 million (first half of 2011: EUR453.3 million). This increase can be attributed primarily to the acquisitions that have been completed over the last twelve months. The earnings before interest, taxes, depreciation and amortization (EBITDA) rose by a strong 39% to EUR43.0 million (first half of 2011: EUR30.9 million). This total includes income of EUR24.6 million (first half of 2011: EUR0 million) from the reversal of negative goodwill (bargain purchase income) from the companies acquired in the first half of 2012 – Thales CIS, the Feedback Group and Getronics – as well as restructuring and non-recurring expenses of EUR17.3 million (first half of 2011: EUR15.5 million). The operational EBITDA amounted to EUR35.7 million accordingly (first half of 2011: EUR46.4 million). In accordance with the provisions of IFRS 5, the operational EBITDA of the companies sold are no longer included in this total. The profit or loss of the Getronics activities that were acquired effective May 2, 2012 was only incorporated in the figures for the first half of 2012 for a period of two months accordingly. On account of the provisions of IFRS 5, the gain on the sale of Consinto to DATAGROUP on February 16, 2012 is, however, included in the profit/loss from discontinued operations and not recognized EBITDA. The gain on the sale of Schabmüller GmbH to the ZAPI Group will be posted in the third quarter, yielding a considerable contribution to profits worth several tens of millions of euros. The other key figures reflect the solid performance of AURELIUS. All in all, a consolidated profit of EUR16.0 million was achieved in the first half of 2012 (first half of 2011: loss of EUR10.8 million). The net cash outflow from operating activities totaled EUR1.1 million (first half of 2011: outflow of EUR11.1 million), while the cash and cash equivalents totaled EUR159.6 million (December 31, 2011: EUR154.4 million). After the dividend payment of EUR19.2 million, the Group equity ratio at the reporting date of June 30 amounted to 25% (December 31, 2011: 30%).
Pleasing performance in all three business activities
AURELIUS has already been very active in that regard, with the acquisition of IT consultancy Thales CIS, Madrid, Spain, in the first quarter, the acquisition of the Getronics activities in Europe and Asia from Netherlands-based KPN effective May 2, 2012 and the platform acquisition of the Feedback Group based in Crowborough, UK, for our LD Didactic subsidiary. The acquisition from BayerCropscience of its production facility in Norwich, UK, that was announced in April is scheduled for completion by the end of the third quarter. The operational development of the portfolio companies is for the most part going well. Two successfully restructured portfolio companies have already been sold during the current fiscal year, with the disposal of Consinto in February and Schabmüller at the end of July.
Further growth expected across 2012 as a whole
The complete report on the first half of 2012 is available to download at www.aureliusinvest.de . Key figures (EUR millions)
¹ The prior-year figures have been adjusted for comparison purposes, in accordance with the provisions of IFRS 5
About AURELIUS The AURELIUS Group specializes in acquiring companies with potential for development that can be unlocked with close operational support. AURELIUS concentrates on identifying, analyzing, creating and exploiting all the opportunities afforded by the market when acquiring its portfolio companies. The AURELIUS Group views itself as a long-term good home for its subsidiaries. AURELIUS does not focus on particular industrial sectors when making acquisitions, although it does concentrate primarily on the following segments: Industrial Enterprises, Chemicals, Business Services, Consumer Goods / Food & Beverage, and Telecoms, Media & Technology (TMT). AURELIUS has many years of investment and management experience in various industries and sectors. AURELIUS employs its management capacity and the necessary financial resources for product innovation, sales and research in order to develop the potential of its subsidiaries. With offices in Munich and London, and subsidiaries in Germany, the UK, France, Poland, Hungary, the Netherlands, Switzerland, Norway, Belgium, Luxembourg, Slovakia, Slovenia, the United States, China, Malaysia, India, Thailand and South Korea, AURELIUS operates throughout the world. The shares of AURELIUS AG are listed in the Open Market segment of the Frankfurt Stock Exchange and the m:access segment of the Munich Stock Exchange under ISIN DE000A0JK2A8. To find out more, visit our website at www.aureliusinvest.de .
Contact
End of Corporate News 14.08.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 181553 14.08.2012 |