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UNIWHEELS Holding Germany GmbH : UNIWHEELS Group with new sales records in the first half year 2014

DGAP-News: UNIWHEELS Holding Germany GmbH / Key word(s): Half Year
Results
UNIWHEELS Holding Germany GmbH : UNIWHEELS Group with new sales
records in the first half year 2014

19.08.2014 / 09:59

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UNIWHEELS Group with new sales records in the first half year 2014

Consolidated turnover increased to EUR173.4 million
Significant improvement of results
Market position further strengthened
Positive outlook for the full year confirmed

Bad Durkheim, August 19th 2014: In the background of the positive economic
development of the Automobile industry especially in the premium area, the
Group's performance in the first half of 2014 was well above the results of
the previous year and it could consolidate its market position further as
the leading manufacturer of aluminium rims. Both the challenging delivery
of wheels in the supply business with car manufacturers (Automotive
Division), as well as the distribution of the Group's own design and brand
wheels to the global trading partners in the aftermarket (Accessory
Division) reached new highs.

In total, more than 3.5 million wheels were sold in the first half of 2014,
an increase of more than 0.2 million wheels or rather 6.6% in comparison to
the same period last year. 2.899 million wheels were supplied by the
Automotive Division in the first half year (previous year: 2.788 million
wheels), thus achieving about 4% increase in sales. The Accessory Division
was able to increase its sales volumes to 0.601 million wheels (previous
year: 0.495 million wheels), which corresponds to an outstanding increase
of more than 21%. Against such background the Accessory Division can
strengthen its market position further.

In line with sales volumes, the UNIWHEELS Group increased its consolidated
turnover by 5.3% to EUR 173.4 million in the first half of 2014 (previous
year: EUR 164.7 million).

Such a considerable improvement in sales resulted in an improved bottom
line. This represents a significant increase in earnings before interest,
taxes and depreciation and amortization (EBITDA) by more than 50% to
EUR 21.6 million in comparison to the previous year (EUR 14.4 million). The
Group also benefited from a more favorable product mix compared to the
first half of 2013 resulting in a lower by 3.1% cost of materials ratio.
The ratio of personnel expenses decreased by 1.1%, which is due to realised
efficiency and cost optimization.

With almost unchanged depreciation at EUR 7.9 million (previous year: EUR