DGAP-News: AURELIUS publishes annual report for record year 2012
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Final Results
AURELIUS publishes annual report for record year 2012
28.03.2013 / 08:30
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AURELIUS publishes annual report for record year 2012
- Consolidated revenues rise to EUR1,378.1 million (+9%)
- Fiscal year 2012 distinguished by successful transactions
- Operating EBITDA at record level of EUR114.0 million (+28%)
- Dividend up 105 percent to EUR4.10/share
- Positive outlook for the Group
Munich, March 28, 2013 - The Munich-based AURELIUS Group (ISIN
DE000A0JK2A8) published its annual report for the record year 2012.
AURELIUS finished the 2012 fiscal year with total consolidated revenues -
including subsidiaries sold and therefore deconsolidated in fiscal year
2012 - in the amount of EUR1,378.1 million (2011: EUR1,262.6 million). On
an annualized basis, consolidated revenues cleared the EUR1.5 billion mark
for the first time and rose by 18 percent to EUR1,583.7 (2011: EUR1,342.6
million).
In 2012, AURELIUS successfully sold two more companies with Schabmüller
GmbH in July 2012 - the largest exit in the Company's history - and the
sale of Consinto GmbH in February 2012. As for acquisitions, the portfolio
was expanded by the acquisition of Getronic's operations in Europe and
Asia, based in Amsterdam (the Netherlands), the IT consulting activities of
Thales Spain and the Spanish IT consultant Steria Iberica (both Madrid,
Spain) as well as the Briar Chemicals production site in Norwich (United
Kingdom) acquired from BayerCrop Science. AURELIUS' subsidiaries LD
Didactic and ISOCHEM also further consolidated their position through
so-called add-on acquisitions. Overall, the new acquisitions contributed
EUR500 million to consolidated revenues.
Operating EBITDA reached the record level of EUR114.0 million
In fiscal year 2012, the combined group's earnings before interest, taxes,
depreciation and amortization (EBITDA) rose by 152 percent to EUR163.5
million (2011: EUR64.8 million). This includes income from the reversal of
negative goodwill from the capital consolidation ('bargain purchase') in
the amount of EUR107.2 million (2011: EUR3.2 million) as well as
restructuring and non-recurring expenses in the amount of EUR57.7 million
(2011: EUR27.8 million). Accordingly, the combined group's operating EBITDA
reached a new record level of EUR114.0 million (2011: EUR89.4 million). In
total, consolidated earnings increased significantly to EUR90.0 million
(2011: EUR-63.9 million). Accordingly, diluted earnings per share amounted
to EUR5.22 after EUR-5.50 in 2011.
Proposal to increase dividend by 105 percent to EUR4.10 per share
Liquid funds reached the historical high level of EUR244.7 million at the
end of fiscal year 2012 due in particular to the successful exits of
Schabmüller and Consinto (December 31, 2011: EUR154.4 million). Thus, the
Company's Management Board and Supervisory Board will propose to the annual
shareholders' meeting to be held on May 16, 2013, that the dividend be
increased to EUR4.10/share (previous year: EUR2.00/share) from the retained
earnings of AURESIUS AG. The dividend comprises a 20 percent higher base
dividend of EUR1.80 (previous year: EUR1.50) and a special distribution of
EUR2.30 (previous year: EUR0.50). Thus, a total of EUR39.4 million will be
distributed (previous year: EUR19.2 million). The AURELIUS share currently
exhibits a dividend yield of around eight percent.
AURELIUS is well-equipped for further profitable growth. The Company is off
to a good start in fiscal year 2013 with the acquisition of Studienkreis
Group as of January 1, 2013, and Tieto Germany GmbH as well as the
associated operations in the Netherlands, Poland, and India from the
Finnish Tieto Group (closing planned in the second quarter of 2013).
AURELIUS expects additional transactions in the next few months. Overall,
the Company is positive about the Group companies' operating development in
the current year 2013 and is basing its planning on the assumption that the
consistent reorientation of the Group companies will lead to further
increases in net operating income given a positive environment.
Key figures (in EUR millions)
1/1 - 12/31/ 1/1 - 12/31/¹The previous year's figures were adjusted for the purpose of comparison
2012 2011¹Change
Total consolidated revenues 1,378.1 1,262.6 +9%
Consolidated revenues (annualized)²1,583.7 1,342.6 +18%
EBITDA, Group total 163.5 64.8 +152%
of which negative goodwill
from the capital consolidation
('bargain purchase') 107.2 3.2 +3,250%
of which restructuring and non-
recurring expenses 57.7 27.8 +108%
EBITDA, Group operating 114.0 89.4 +28%
Consolidated net income 90.0 -63.9 +241%
Earnings per share
basic¹'²(in EUR) 5.23 -5.50 +195%
diluted¹'²(in EUR) 5.22 -5.50 +195%
Cash flow from operating activities -16.5 54.9 -130%
Cash flow from investing activities 107.5 -39.5 +372%
Free cash flow 91.0 15.4 +491%
12/31/2012 12/31/2011 Change
Assets 1,173.3 943.6 +24%
of which cash and cash equivalents 244.7 154.4 +58%
Liabilities 818.6 661.1 +24%
of which financial liabilities 169.9 185.7 -9%
Equity³354.7 282.5 +26%
Equity as a percentage of assets³(in %) 30.2 29.9 +1%
Number of employees at the reporting
date 10,226 6,631 +54%
based on the requirements of IFRS 5²From continuing operations³Incl. non-controlling interests
About Aurelius
The AURELIUS Group specializes in acquiring companies with development
potential and providing them with operational support. With respect to the
acquisition of subsidiaries, AURELIUS strives to identify, analyze, develop
and exploit all available opportunities in the market. The AURELIUS Group
understands itself to be a GOOD HOME for its subsidiaries on a long-term
basis. Although its acquisition activities are not limited to a certain
sector, AURELIUS has placed a certain emphasis on the following sectors:
industrial enterprises, chemicals, business services, consumer goods/food&beverage and telecommunications, media&technology.
AURELIUS has many years of investment and management experience in
different industries and sectors. AURELIUS improves the performance of its
subsidiaries by providing management capacities and the necessary financial
resources for investing in innovative products, sales and research.
AURELIUS is a globally active company with offices in Munich and London and
subsidiaries in Germany, Great Britain, France, Poland, Hungary, the
Netherlands, Switzerland, Norway, Belgium, Luxembourg, Slovakia and
Slovenia, as well as the United States, China, Malaysia, India, Thailand
and South Korea. The shares of AURELIUS AG are traded in the m:access of
the Munich Stock Exchange under ISIN DE000A0JK2A8. Additional information
can be found at www.aureliusinvest.de.
Contact
Investor Relations&Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor(at)aureliusinvest.de
End of Corporate News
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