DGAP-News: AURELIUS: First quarter of 2012 characterized by growth and successful transactions
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Quarter Results
AURELIUS: First quarter of 2012 characterized by growth and successful
transactions
15.05.2012 / 08:30
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AURELIUS: First quarter of 2012 characterized by growth and successful
transactions
- Consolidated revenues increased to EUR 252.0 million
- Another successful exit: EUR 10.6 million profit from sale of Consinto
- Management Board member Ulrich Radlmayr will leave the board when his
contract expires
- Development of the corporate group overall encouraging
Munich, May 15, 2012 - The Munich-based AURELIUS Group (ISIN: DE000A0JK2A8)
succeeded in further increasing consolidated revenues in the first quarter
of 2012 to EUR 252.0 million (prior year: EUR 240.9 million). In accordance
with IFRS 5, this does not include revenues from subsidiaries sold before
the report was prepared. Earnings before interest, taxes, depreciation and
amortization (EBITDA) reached EUR 16.5 million (prior year: EUR 16.2
million). This EBITDA includes restructuring and non-recurring expenses in
the amount of EUR 4.6 million (prior year: EUR 7.0 million).
The profit of EUR 10.6 million from the sale of Consinto to DATAGROUP on
February 16, 2012, is also not included in this reported EBITDA due to the
provisions of IFRS 5. However, the EBITDA includes income from the reversal
of negative goodwill from the capital consolidation (bargain purchase) in
the amount of EUR 6.1 million from the takeover of the Spanish company
Thales CIS in March 2012.
Effects from the takeover of Getronics operations in Europe and Asia
('Getronics Europe and APAC') by Royal KPN, also announced in Q1 2012, are
not included in the figures from the first quarter of 2012, since this
transaction has meanwhile been fully executed and is consolidated as of May
1, 2012.
Operating cash flow amounted to EUR -13.0 million (prior year: EUR -12.5
million) in particular due to the increase in working capital in the first
quarter of 2012. Total cash and cash equivalents from continuing and
discontinued operations amounts to EUR 154.9 million (December 31, 2011:
EUR 162.4 million). The equity ratio was 31 percent compared to 30 percent
for the period ended December 31, 2011.
Ulrich Radlmayr, Management Board member responsible for the areas of
Finance, Legal, and Taxes since January 1, 2008, and previously providing
consultation, decided not to extend his management contract expiring on
June 30, 2012, for personal reasons. His areas of responsibility will be
divided among the remaining three board members in the future.
'Mr. Radlmayr functioned very successfully at AURELIUS in recent years. We
thank Mr. Radlmayr sincerely for his work and wish him well in his future
personal and professional endeavors', said Dirk Roesing, Chairman of the
Supervisory Board of AURELIUS AG.
Outlook
'Operating development is positive in most of the Group's companies. We
have a solid financial basis and expect further growth for the AURELIUS
Group by the end of the year - both organically as well as through
acquisitions. We will continue to be a reliable and stable GOOD HOME for
our equity investments in the future and are convinced that there will be
numerous new business opportunities for us,' said Dr. Dirk Markus, Chairman
of the Management Board of AURELIUS.
Key figures (in euro millions)
Q1 2012 Q1 2011 ChangeAbout AURELIUS
Consolidated sales revenue 252.0 240.9 5%
EBITDA 16.5 16.2 2%
Negative goodwill 6.1 -/-
from the capital consolidation ('bargain
purchase')
Restructuring and non-recurring expenses 4,6 7.0 -34%
Cash flow from operating activities -13.0 -12.5 -3%
Mar. Dec.
31,2012 31,2011 Change
Liquid assets from continuing and
discontinued operations 154.9 162.4 -5%
Equity ratio 31% 30% 3%
The AURELIUS Group is specialized in taking over companies with development
potential by accompanying them operationally. When purchasing companies,
AURELIUS concentrates on identifying, analyzing, developing, and taking
advantage of all existing opportunities on the market. The AURELIUS Group
sees itself as a long term GOOD HOME for its subsidiaries. AURELIUS does
not limit itself to a specific industry for its acquisitions; however, it
focuses on the following areas: industrial enterprises, chemicals, business
services, consumer goods/food&beverage, and telecommunications, media&technology (TMT).
AURELIUS has many years of experience in investment and management in
various industries and sectors and further develops its subsidiaries
through the use of management capacities and the necessary funds for
investment in innovative products, sales, and research. AURELIUS is active
worldwide, with offices in Munich and London as well as subsidiaries in
Germany, the United Kingdom, France, Poland, Hungary, the Netherlands,
Switzerland, Norway, Slovakia, and Slovenia as well as in China and
Malaysia. Shares of AURELIUS AG are traded on the Open Market of the
Frankfurt Stock Exchange as well as in the m:access segment of the Munich
Stock Exchange under ISIN DE000A0JK2A8. You can find information under
www.aureliusinvest.de.
Contact
Investor Relations&Corporate Communications
Telephone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor(at)aureliusinvest.de
End of Corporate News
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