DGAP-News: Ekotechnika GmbH satisfied with operating performance in financial year 2012/2013
(firmenpresse) - DGAP-News: Ekotechnika GmbH / Key word(s): Bond/Preliminary Results
Ekotechnika GmbH satisfied with operating performance in financial
year 2012/2013
20.11.2013 / 08:40
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Ekotechnika GmbH satisfied with operating performance in financial year
2012/2013
- Ekotechnika reports year-on-year growth in sales of new machinery and
spare parts
- As expected, second half performance clearly improved compared to the
first half year
- Total 2012/2013 figures: Sales +20%, EBITDA +10%; EBIT +5%
- Russia remains one of the major growth markets for the sale of
agricultural machinery
Walldorf, 20 November 2013 - Ekotechnika GmbH, the German holding company
of Russia's largest dealer of international agricultural machinery, the
Ekoniva-Technika Group, sold more equipment in the financial year 2012/2013
(September 30) than in the prior-year period and performed ahead of the
overall market. Sales of new machinery rose by approximately 20 percent. An
approximately 10 percent rise in tractor sales was one of the factors
offsetting a slight decline in the sale of combined harvesters. The spare
parts business showed a very gratifying development as well, with sales up
by 35 percent.
Wolfgang Bläsi, Managing Director of Ekotechnika GmbH, said: 'In view of
our less than optimal trading environment, we are satisfied with our
operating performance in the financial year 2012/13.' Following on from the
more than 200 percent growth seen since 2009, the year 2013 saw the Russian
market for agricultural machinery consolidate at a high level.
In contrast to the overall market, the Ekotechnika Group continued to grow
in the financial year 2012/2013. According to preliminary computations,
Group sales rose by approximately 20% from EUR 169.6 million in the
prior-year period. Earnings before interest, taxes, depreciation and
amortisation (EBITDA) went up by approximately 10% from EUR 17.2 million.
Group earnings before interest and taxes (EBIT) improved by approximately
5% from EUR 15.4 million.
The net result for the second half of the year amounted to approximately
EUR 2.9 million. This means that the net result of EUR -4.6 million
reported for the first six months was improved to approximately EUR -1.7
million for the full year. The negative net result is exclusively due to
currency effects. Unrealized currency exchange losses are attributable to
the evaluation of machine inventory on the balance sheet date. Since the
machines are sold in dollars or euros, the company then achieves
correspondingly higher sales. Ekotechnika envisages publishing its complete
2012/2013 annual accounts in January 2014.
Russia remains one of the major growth markets for agricultural machinery
The agricultural sector is challenged to produce more high-quality
commodities from limited resources each year. A significant contribution to
this effort comes from constant innovation by manufacturers of agricultural
machinery, with Russia remaining one of the major growth markets for the
sale of equipment. This was also highlighted by last week's Agritechnica
trade fair which attracted some 2,900 exhibitors from 47 countries.
Ekotechnika shared a booth at with its affiliate, Ekosem-Agrar.
Ekotechnika's activities in its sales regions in Russia, the world's
largest country, focus on equipment made by John Deere, theworld's leading
manufacturer in this sector. Apart from John Deere, the company also sells
equipment from other industry leaders such as GEA, BvL and Grimme.
Wolfgang Bläsi commented: 'The modernisation of the Russian agricultural
sector is in full swing and continues to offer significant potential for
the sale and service of agricultural machinery.' In addition, the Russian
government has committed itself to the goal of producing 85 percent of all
key agricultural commodities domestically. In July 2012, it decided a new
8-year agricultural development programme with a volume of RUB 1.5 trillion
(EUR 37.5 billion) for the period thru 2020. 'Being the leading distributor
of agricultural machinery in Russia, the Ekotechnika Group will continue to
benefit from this programme.' The Group's growth is supported by a solid
financial foundation.
About Ekotechnika
Walldorf-based Ekotechnika GmbH is the German holding company of the
Ekoniva-Technika Group, the largest distributor of agriculture equipment in
Russia. The company's single most important supplier is John Deere&Co.,
the world's leading manufacturer in this field. In addition, Ekotechnika
sells equipment from another 11 market-leading manufacturers. Its main
business is in selling new equipment such as tractors but also milking
equipment and precision farming technology. In addition, the company sells
spare parts and provides service and maintenance. Ekotechnika's founder and
main shareholder is Stefan Dürr, who has been active in the Russian farming
sector since the late eighties and has been instrumental in its
modernisation over the past two decades. In 2011 the equipment business was
separated from the farming business, which now operates independently under
the name Ekosem-Agrar. Operating 12 locations in attractive Russian farming
regions, Ekotechnika today employs 625 people and generates sales of just
under EUR 170 million.
Contact
Ekotechnika GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
P: +49 (0) 6227 3 58 59 60
E: presse(at)ekotechnika.de
www.ekotechnika.de
Press / Investor Relations
Fabian Lorenz
IR.on AG
P: +49 (0) 221 9140 974
E: fabian.lorenz(at)ir-on.com
End of Corporate News
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Language: English
Company: Ekotechnika GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: info(at)ekotechnika.de
Internet: www.ekotechnika.de
ISIN: DE000A1R1A18
WKN: A1R1A1
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart (bondm); Frankfurt in Open Market
End of News DGAP News-Service
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240764 20.11.2013
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Datum: 20.11.2013 - 08:40 Uhr
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News-ID 318473
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