Corporate | 7 May 2013 07:29
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AURELIUS AG / Key word(s): Quarter Results
AURELIUS continues on its path of success in the first quarter – Consolidated sales revenue up 60 percent – Operating EBITDA rises by 82 percent to EUR22.4 million – Already four acquisitions in 2013 – Positive outlook for 2013 Munich, May 7, 2013 – The Munich-based AURELIUS Group (ISIN DE000A0JK2A8) is off to a very good start in fiscal year 2013. In the first quarter of 2013, AURELIUS increased its consolidated sales revenue from continuing operations by 60.1 percent to EUR377.0 million (Q1 2012: EUR235.5 million). This already includes the sales of Studienkreis Group, which was acquired as of January 1, 2013. Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations increased by 12.3 percent to EUR15.5 million (Q1 2012: EUR13.8 million). In contrast to the prior year, this does not include any income from the reversal of negative goodwill from the capital consolidation (‘bargain purchase’) (Q1 2012: EUR6.1 million), but it does include restructuring and non-recurring expenses in the amount of EUR6.9 million (Q1 2012: EUR4.6 million). As a result of the good development in the group companies, operating EBITDA rose accordingly by 82.1 percent to EUR22.4 million (Q1 2012: EUR12.3 million). AURELIUS is off to a very successful start in 2013 with already four acquisitions. In addition to the Studienkreis Group, which has belonged to the AURELIUS Group since January 1, 2013, the takeover of the Finnish Tieto Group’s German and Dutch operations, the acquisition of TDS HR Services & Solutions GmbH from the Fujitsu subsidiary TDS Informationstechnologie AG, and the purchase of the compressor manufacturer ACC Austria by the AURELIUS subsidiary Secop were signed. All three transactions are to be completed in the next few months. In total, the new acquisitions will contribute an annualized amount of around EUR370 million to consolidated sales revenue. Operating cash flows amounted to EUR15.6 million in the first quarter of 2012 (prior year: EUR-14.1 million). At EUR237.1 million, cash and cash equivalents were just below the record amount of December 31, 2012 (EUR244.7 million). Equity as a percentage of assets as of March 31, 2013, amounted to 29 percent (December 31, 2012: 30%). Outlook ‘I am very confident about 2013. Operationally, the first quarter was even better than in the previous year. We will expand the Group through further purchases and believe that 2013 will also be another successful year for AURELIUS’, said Dr. Dirk Markus, CEO of AURELIUS. Key figures (in EUR millions)
¹ The previous year’s figures were adjusted for the purpose of comparison based on the requirements of IFRS 5
About Aurelius
The AURELIUS Group specializes in acquiring companies with development potential and providing them with operational support. With respect to the acquisition of subsidiaries, AURELIUS strives to identify, analyze, develop and exploit all available opportunities in the market. The AURELIUS Group understands itself to be a GOOD HOME for its subsidiaries on a long-term basis. Although its acquisition activities are not limited to a certain sector, AURELIUS has placed a certain emphasis on the following sectors: industrial enterprises, chemicals, business services, consumer goods/food & beverage and telecommunications, media & technology.
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