DGAP-News: CFC Industriebeteiligungen AG releases accounts for the third quarter 2011
(firmenpresse) - DGAP-News: CFC Industriebeteiligungen AG / Key word(s): Quarter
Results
CFC Industriebeteiligungen AG releases accounts for the third quarter
2011
04.11.2011 / 15:15
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- Revenues after nine months with EUR 61.5mn approx. 4.1 per-cent above
the comparable period of the previous year
- EBITDA after nine months at EUR 1.8mn (2010: EUR 3.3mn)
- Berndes achieves operative break-even in the third quarter
Dortmund, November 4th, 2011
In the first nine months of 2011, CFC Industriebeteiligungen AG (ISIN:
DE000A0LBKW6), Dortmund, has achieved the stabilization of the profit
situation for its subsidiaries despite the worsening of the general
economic climate. From an earnings perspective, especially the development
of Berndes has been considerable. The company reached a positive EBITDA of
EUR 0.4mn in the third quarter after extensive restructuring measures in
the past quarters.
Group sales for the first nine months amount to EUR 61.5mn, which
corresponds to an increase by 4.1% compared to the same period of the
previous year. Earnings before interest, tax, depreciation and amortization
(EBITDA) for the group declined to EUR 1.8mn by the end of the third
quarter. Net Income for the group was negative at EUR -3.2mn.
In addition to the promotion of operative optimizations on the group
company level, the management board also aims at streamlining the
portfolio. In view of this decision, the company considers the sale of
group companies. This would also result in positive effects for group
liquidity, which amounted to EUR 2.4mn as at September 30th, 2011.
The accounts for the third quarter are available for download at the
company website (http://www.cfc.eu.com) under Investor Relations/Financial
Reports.
Contact:
CFC Industriebeteiligungen AG
Westfalendamm 9
44141 Dortmund
Jan Philipp Gieselberg
Phone: + 49 (0) 231 222 40 500
E-Mail: info(at)cfc.eu.com
End of Corporate News
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