DGAP-News: Youbisheng Green Paper AG: Revenue growth exceeds 20%
(firmenpresse) - DGAP-News: Youbisheng Green Paper AG / Key word(s): Preliminary
Results
Youbisheng Green Paper AG: Revenue growth exceeds 20%
04.04.2012 / 09:12
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Munich, 4 April 2012. Youbisheng Green Paper AG, the German holding company
of a Chinese manufacturer of environmentally friendly linerboard for the
growing Chinese consumer goods industry, has achieved strong growth in
2011. According to preliminary figures, revenues increased by 22% from EUR
75.5 million to EUR 92.2 million. EBIT was up by 16% to EUR 20.5 million in
2011. This represents an EBIT margin of 22%. Adjusted for the one-off IPO
expenses (EUR 0.9 million) the EBIT margin was 23.2%.
These financials are well above the outlook communicated during the IPO in
July 2011: The management had expected sales of EUR 78 million and an EBIT
of approx. EUR 18 million. Based on the strong results of the first nine
months of 2011, Youbisheng had significantly raised full year guidance to
revenues of more than EUR 94 million and an EBIT margin above 23.5%. The
financial results 2011 are just slightly below the ambitious updated
outlook. Some packaging clients decided to close production for a longer
period than usual during Chinese New Year. This led to a postponement of
orders into the first quarter of 2012. Also, due to the strong sales
increase and limited production capacities, Youbisheng had to subcontract
more of the production volume, leading to slightly lower margins.
The company maintains a strong balance sheet with a group equity of EUR
47.6 million and an equity ratio of 80%. The cash position amounted to EUR
30.9 million as of 31 December 2011 (2010: EUR 9.1 million). This increase
is mainly due to the profit generated from operations.
The company is still moving in line with its goal to increase sales in
other provinces of China. In 2011, the company has raised its sales to
outside Fujian and Quangdong province, selling the products to the
provinces Anhui, Sichuan, Zhejiang, Hunan and Hubei. Youbisheng's
innovative high margin products, the double-sided testliner, the new heavy
testliner and the new anti-counterfeit testliner, all made of up to 100%
recycled paper, will dominate the growth in 2012.
The guidance for 2012 and the complete annual report 2011 of Youbisheng
Green Paper AG will be published on 30 April 2012.
About Youbisheng Green Paper AG
Youbisheng Green Paper AG is the German holding company of a Chinese
clean-tech leader of environmentally friendly produced linerboard from up
to 100% recovered fibres. The high-quality linerboard innovations of
Youbisheng take up a special position in the Chinese market and are
produced in the own production plant near Quanzhou City. They are used in
the packaging industry in the Fujian and Guangdong Province (together about
141 million inhabitants), especially for visually attractive sales
packaging and carrier bags of high-quality consumer goods.
Youbisheng has been operating as a paper producer since 2000. In fiscal
year 2010 and with its production plants operating at full capacity, it
manufactured almost 150,000 metric tons of linerboard, making it one of the
biggest linerboard producers in Fujian and Guangdong Provinces.
For further information:
Kirchhoff Consult AG
Jens Hecht
Phone: +49 (0)40 60 91 86 0
jens.hecht(at)kirchhoff.de
Youbisheng Green Paper AG
Gustav-Heinemann-Ring 44
81739Munich
Germany
contact(at)youbisheng-greenpaper.de
Disclaimer concerning prognoses
This communication contains forward-looking statements Forward-looking
statements are statements that are not historical facts instead they
reflect the current views and expectations of Youbisheng Green Paper AG and
the assumptions underlying them about future events. Forward-looking
statements are subject to many risks and uncertainties. If any of such
risks and uncertainties materialize or if the assumptions underlying any of
the forward-looking statements of Youbisheng Green Paper AG are proving to
be incorrect, the actual results of Youbisheng Green Paper AG may be
materially different from those expressed or implied by such
forward-looking statements. Youbisheng Green Paper AG does not intend or
assume any obligation to update these forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made.
End of Corporate News
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04.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Youbisheng Green Paper AG
Gustav-Heinemann-Ring 44
81739 München
Germany
Phone: 089 - 451 63992
Fax: 089 - 451 63993
E-mail: contact(at)youbisheng-greenpaper.de
Internet: www.youbisheng-greenpaper.de
ISIN: DE000A1KRLR0
WKN: A1KRLR
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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163849 04.04.2012
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Datum: 04.04.2012 - 09:12 Uhr
Sprache: Deutsch
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