Corporate | 25 March 2011 11:50
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CFC Industriebeteiligungen AG / Key word(s): Final Results
– EBITDA for the group with EUR 2.5mn significantly positive – Revenue grew 7.9% in 2010 based on comparable figure of the previous year – Cash flow from operating activities increased to EUR 5.0mn – Positive developments of portfolio companies provide a good position for the future Dortmund, March 25, 2010 Today, CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund, releases the annual report 2010 and presents the audited consolidated financial statements (HGB) for the past fiscal year. In fiscal year 2010 CFC generated group sales of EUR 79.2 million. Compared to the previous year, this corresponds to a decrease in sales of 35.5 percent. However, in fiscal year 2009 group sales included considerable revenues of meanwhile divested companies. As far as the remaining portfolio companies are concerned, group sales exceeded the sales volume generated in the previous year by 7.9 percent. Earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 2.5 million were significantly positive again. Hence, CFC also continued the operational turnaround on a full year basis. As per December 31 st 2010, CFC has a total equity capital of EUR 5.3 million on the group level. This corresponds to an equity ratio of roughly 10.1 percent, given total assets in the amount of EUR 52.6 million. In consideration of minority interests in the result of the group, the net income attributable to shareholders of CFC amounts to KEUR -596. This corresponds to a loss per share of EUR 0.07. The Cash flow from operating activities amounted to EUR 5.0 million and was significantly positive in 2010, compared to EUR -19.2 million in the same period of 2009. Cash and cash equivalents in the group amounted to EUR 6.3 million on December 31 st 2010. CFC feels vindicated in the course it adopted in 2009 by the results of 2010 and finds itself well positioned for the future. In the next months, the achieved results on the portfolio company level will be further developed and the portfolio, by means of acquisitions, specifically enhanced. The complete annual group report 2010 (German version only) will be made available for download from the company website (http://www.cfc.eu.com) under Investor Relations/Financial reports by end of business of March 25 th 2010. Contact:
CFC Industriebeteiligungen AG
Jan Philipp Gieselberg
Phone: + 49 (0) 231 222 40 500
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