Corporate | 30 November 2007 15:57
CFC Industriebeteiligungen GmbH & Co. KGaA / Quarter Results
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+++ CFC Industriebeteiligungen GmbH & KGaA after third quarter 2007 fully
in line
CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN DE000A0LBKW6) has taken
yet another successful turn in the third quarter 2007. Apart from other
attractive investments the realignment of the portfolio was continued – the
cookware producer BERNDES was already successfully repositioned during the
year 2007.
The annualized group turnover (pro-forma consideration) counts up to
90 million Euros for the first nine months. The profit and loss records
42.3 million Euros as turnover, whereof almost 50% in third quarter. For
the comparable previous year period no corresponding figures are available.
The highest share in turnover was contributed by the cookware producer
BERNDES. The segment already contributes operationally positive results.
The Kitchen furniture segment results were affected by the restructuring of
FORMAT KÜCHEN GmbH & Co. KG, which was acquired end of May. Accordingly
expected considerable losses were recorded. With the establishment of a new
management in September significant restructuring successes could already
be seen. The repositioning is expected to be completed with the
breaking-even of FORMAT in the first half of 2008. In the segment
Electronic Manufacturing Services the in July acquired ELCON Systemtechnik
GmbH was consolidated in the group accounts for the first time. It already
showed a positive EBITDA for the third quarter. ELCON´s development is
ideally complemented by the most recent take-over of VOGT LETRON Electronic
GmbH.
The group result after minorities for the first nine months is recorded
with 2.1 million Euros, meaning earnings per share for the period of
0.32 Euro.
Based on the successful investment strategy of CFC Industriebeteiligungen
und the positive development of the group companies a significant increase
of the results is expected for the fourth quarter. The management considers
the development fully in line with the plan.
As CFC Industriebeteiligungen is focussed on equity-based financing of
acquisitions of companies in 'incomplete situations' it is independent from
the current debt financing market situation and by this can be expected to
continue its investment growth path.
Marcus Linnepe, CEO of CFC Industriebeteiligungen, is happy with the
development CFC has taken in the third quarter and comments: 'We will
continue our successful development as well in the fourth quarter and have
established the necessary basis and structures to accomplish this. We have
a positive outlook for the year 2008.'
The complete quarterly report is available for download under
http://www.cfc-eu.com/en/investor_relations/finanzberichte.
+++
About CFC Industriebeteiligungen
CFC Industriebeteiligungen GmbH & Co. KGaA (CFC), Dortmund, is an
investment company listed in the regulated market (General Standard)
specialized on the acquisition and the active restructuring of medium-sized
entrepreneur companies or Carve-outs of businesses of conglomerates in
transitional situations. Investments are made only into companies that –
despite their transitional conditions – have a health core structure. With
own team and resources financial and operational measures are taken within
short timeframe to initiate a long term profitable development within the
CFC-group.
Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 95 25 373
eMail: fn@cfc.eu.com
30.11.2007 Financial News transmitted by DGAP
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Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Ruhrallee 9
44139 Dortmund
Deutschland
Phone: +49 (0)231-95 25 373
Fax: +49 (0)231-95 25 45
E-mail: info@cfc-eu.com
Internet: www.cfc-eu.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
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