DGAP-News: AUTEV AG growth continues apace
(firmenpresse) - DGAP-News: AUTEV AG / Key word(s): Miscellaneous
AUTEV AG growth continues apace
25.07.2012 / 17:37
---------------------------------------------------------------------
AUTEV AG growth continues apace
- Order book of around EUR9.6 million confirms positive outlook
- Project delays cause postponement of sales to 2012/2013 financial year
- New growth and earnings potential through product range expansion
- Capital increase with issue volume of around EUR1.0 million completed
- New financial investor supports growth strategy
Brandenburg an der Havel, 25 July 2012 - AUTEV AG is systematically
pressing ahead with its planned growth strategy. The company's growth is
particularly reflected by the development of its order book, which
currently stands at EUR9.6 million. As a result of project delays, most of
the sales envisaged for the 2011/2012 financial year will be generated in
the current 2012/2013 financial year.
Another source of new growth impetus is the completed expansion of the
AUTEV product range. As part of an asset deal, AUTEV AG has acquired basic
modular LED systems for cost-effective road and industrial lights from the
assets of the insolvent iLEDs GmbH. The new products include highly
adaptable standard lights for exterior areas as well as a highly versatile
standard LED system for indoor and outdoor use. These products will be
assigned to the AuLed product series and produced and sold by AUTEV AG.
Adding cost-effective yet high-quality basic LED systems to the AUTEV
product range opens up new customer groups as well as new sales and
earnings potential for the company.
To finance the product acquisition from iLEDs GmbH, product enhancements
and forthcoming projects, a capital increase has been carried out by means
of a convertible bond issue. The total volume of the corporate action is
EUR1 million. In accordance with the payment schedule, AUTEV AG has already
received gross proceeds of around EUR0.75 million. The subscriber of the
convertible bond is an experienced financial investor that is pursuing a
long-term investment project with its commitment to AUTEV AG and also
supports the growth strategy of AUTEV AG.
'With the positive development of our order book of EUR9.6 million and the
generation of new sales and earnings potential by tapping into new customer
groups, we are firmly pressing ahead with our adopted growth strategy. In
addition, we are pleased to have gained an experienced financial investor
with long-term support for our growth plans. We regard this as vindication
of our adopted corporate strategy of generating sustainable growth through
ongoing internationalisation and tapping into new customer segments. In
view of these positive aspects, we confidently expect positive sales and
earnings in the current 2012/2013 financial year', commented Uwe Maiberg,
member of the Management Board of AUTEV AG.
The Management Board
About AUTEV AG
Over the years, AUTEV AG has developed into a high-performance and
international engineering and service company. The company also strives to
technology and market leadership in new fields. This approach allowed it to
successfully enter the market for energy-saving and CO2-reducing lighting
technology. After two years of research, AUTEV AG successfully launched the
AuLED - innovative and energy-saving street and industrial premises
lighting based on state-of-the-art LED technology already being widely
used.
Further information on AUTEV AG can be found at www.autev.de
Contact:
Company Contact:
AUTEV AG
Carl-Reichstein-Strasse 6
D-14770 Brandenburg/Havel
Germany
www.autev.de
Tel.: +49 (0)3381 80 43 630
Fax: +49 (0)3381 80 43 635
info(at)autev.de
Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
D-60329 Frankfurt/Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22
ir-autev(at)gfei.de
www.gfei.de
End of Corporate News
---------------------------------------------------------------------
25.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
179144 25.07.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Dalradian Resources Reports Positive Preliminary Economic Assessment for the Curraghinalt Gold Project in Northern IrelandDatum: 25.07.2012 - 17:37 Uhr
Sprache: Deutsch
News-ID 168642
Anzahl Zeichen: 5712
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 300 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: AUTEV AG growth continues apace"
steht unter der journalistisch-redaktionellen Verantwortung von
AUTEV AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
