DGAP-News: AURELIUS continues on its path of success in the first quarter
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Quarter Results
AURELIUS continues on its path of success in the first quarter
07.05.2013 / 07:29
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AURELIUS continues on its path of success in the first quarter
- Consolidated sales revenue up 60 percent
- Operating EBITDA rises by 82 percent to EUR22.4 million
- Already four acquisitions in 2013
- Positive outlook for 2013
Munich, May 7, 2013 - The Munich-based AURELIUS Group (ISIN DE000A0JK2A8)
is off to a very good start in fiscal year 2013. In the first quarter of
2013, AURELIUS increased its consolidated sales revenue from continuing
operations by 60.1 percent to EUR377.0 million (Q1 2012: EUR235.5 million).
This already includes the sales of Studienkreis Group, which was acquired
as of January 1, 2013.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
from continuing operations increased by 12.3 percent to EUR15.5 million (Q1
2012: EUR13.8 million). In contrast to the prior year, this does not
include any income from the reversal of negative goodwill from the capital
consolidation ('bargain purchase') (Q1 2012: EUR6.1 million), but it does
include restructuring and non-recurring expenses in the amount of EUR6.9
million (Q1 2012: EUR4.6 million). As a result of the good development in
the group companies, operating EBITDA rose accordingly by 82.1 percent to
EUR22.4 million (Q1 2012: EUR12.3 million).
AURELIUS is off to a very successful start in 2013 with already four
acquisitions. In addition to the Studienkreis Group, which has belonged to
the AURELIUS Group since January 1, 2013, the takeover of the Finnish Tieto
Group's German and Dutch operations, the acquisition of TDS HR Services&Solutions GmbH from the Fujitsu subsidiary TDS Informationstechnologie AG,
and the purchase of the compressor manufacturer ACC Austria by the AURELIUS
subsidiary Secop were signed. All three transactions are to be completed in
the next few months. In total, the new acquisitions will contribute an
annualized amount of around EUR370 million to consolidated sales revenue.
Operating cash flows amounted to EUR15.6 million in the first quarter of
2012 (prior year: EUR-14.1 million). At EUR237.1 million, cash and cash
equivalents were just below the record amount of December 31, 2012
(EUR244.7 million). Equity as a percentage of assets as of March 31, 2013,
amounted to 29 percent (December 31, 2012: 30%).
Outlook
'I am very confident about 2013. Operationally, the first quarter was even
better than in the previous year. We will expand the Group through further
purchases and believe that 2013 will also be another successful year for
AURELIUS', said Dr. Dirk Markus, CEO of AURELIUS.
Key figures (in EUR millions)
1/1/ - 03/ 1/1/ - 3/31/¹The previous year's figures were adjusted for the purpose of comparison
31/2013 2012¹Change
Consolidated sales revenue 377.0 235.5 + 60%
EBITDA 15.5 13.8 + 12%
of which negative goodwill
from the capital consolidation
('bargain purchase') -/- 6.1 - 100%
of which restructuring and non-
recurring expenses 6.9 4.6 + 50%
Operating EBITDA 22.4 12.3 + 82%
Cash flow from operating activities 15.6 -14.1 + 211%
3/31/2013 12/31/2012 Change
Cash and cash equivalents 237.1 244.7 - 3%
Equity as a % of assets²29.3 30.2 - 3%
based on the requirements of IFRS 5²Incl. 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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