Corporate | 7 November 2008 09:00
CFC Industriebeteiligungen GmbH & Co. KGaA / Quarter Results
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CFC Industriebeteiligungen presents interim report on the third quarter
2008
• Sales gone up by 70 percent against prior-year quarter
• EBITDA from operations at EUR 6.9 million distinctly positive
• Sufficient liquid funds for increasing takeover opportunities arising
due to finacial crisis
Dortmund, 7. November 2008
CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6), Dortmund,
increased in the third quarter of the year 2008 sales from operations
across the Group by 70 percent against prior-year quarter to EUR 41.2
million (prior-year quarter: EUR 24.2 million). In the first nine months of
the year sales have totalled to EUR 106.0 million on group level
(prior-year: 42.2 millions). The operating earnings before interest, taxes,
depreciation and amortization (EBITDA) of the reporting quarter amounted to
EUR 6.9 million (prior-year quarter: - 2.0 million) resulting in a total
for the year–to-date of EUR 8.2 million (prior year: 1.7 million). The
group result (after taxes, including minorities) amounted to EUR 4.1
million in the third quarter (prior-year quarter: EUR - 3.2 million) and
EUR 1.3 million in the first nine months of the year (prior year: EUR 0.1
million). The result includes a contribution in the amount of EUR 7.1
million from the sale of parts of three portfolio companies to Fonds
managed by the English investor Greenpark. On record date the group has an
equity share of more than 30 percent and holds liquid funds of EUR 11.1
million.
Marcus Linnepe, CEO der CFC Industriebeteiligungen: 'The third quarter was
a strong quarter for CFC. Sales and results have developed extreme
positive. We hold – not least by the successful transaction with
Greenpark, which has proven our investment approach and endorsed our
restructuring work, - sufficient liquid funds, thus being well prepared for
the current financial market situation and the increasing takeover
opportunities arising out of this. We are examining these offers very
carefully with regard to their economical background. We are intensively
doing this and we owe it to our investors to raise the bars very high for
an investment decision towards sustainable success.'
By decision of the shareholders meeting on November 6, 2008 Dr. Frank J.
Nellissen was duly appointed as Managing Director of CFC Industrie
Beteiligungen Verwaltungs GmbH in addition to Marcus Linnepe. Dr. Nellissen
is in charge of Finance and Legal at CFC-Group since mid of last year.
The full interim report on third quarter results is available for download
under the following address:
http://www.cfc-eu.com/en/investor_relations/finanzberichte/index_html
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Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 222 40 501
eMail: fn@cfc.eu.com
07.11.2008 Financial News transmitted by DGAP
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Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Westfalendamm 9
44141 Dortmund
Deutschland
Phone: +49 (0)231-22240 500
Fax: +49 (0)231-22240 501
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
End of News DGAP News-Service
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