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UNIWHEELS Holding Germany GmbH : UNIWHEELS Group with new sales records in the first half year 2014 - Seite 2
8.0 million), the Group operating EBIT improved by 117.7% to EUR 13.7
million in the first half of 2014 (previous year: EUR 6.3 million).
Accordingly, the EBIT margin increased to 7.9% (previous year: 3.9%).
The net profit of the UNIWHEELS Group amounted to EUR 8.1 million (previous
year: EUR 0.6 million) in the first half of 2014.
While the investments of last year were reduced as planned, the investments
in the first half of 2014 increased again but were still below depreciation
figures. A total of EUR 6.8 million was thereby invested in the fixed
assets of the Group. These related mainly directly to the production area
as a result of the targeted capacity expansion and process optimisation,
high quality standards of the Group as well as continuous improvement of
manufacturing processes. The investment ratio as the ratio of capital
expenditures to sales was 3.9% (previous year: 1.2%).
Key figures of the UNIWHEELS group (unaudited):
Any deviations in the summation result from rounding.
Liabilities to credit institutions increased by EUR 3.5 million to EUR 28.4
million compared as at 31st December 2013 mainly due to seasonal factors of
higher utilization of current account credit lines required for financing
of working capital. The equity increased by EUR 8.9 million to EUR 59.5
million compared to December 31, 2013, which is mainly due to the good
result for the period. The balancing item from the currency translation of
the appreciation of the Polish zloty amounts to EUR -8.3 million which is
at the previous year's level (as at 31st December 2013). The equity ratio
rose to 29.0% (31.12.2013: 26.2%).
Forecast
The UNIWHEELS group with its well-known brands ATS, RIAL, ALUTEC and ANZIO
is working intensively on expanding and consolidating its market leadership
in Germany. UNIWHEELS is also strengthening its business activities on the
major foreign markets, especially on the Eastern European markets and
in the first half of 2014 increased again but were still below depreciation
figures. A total of EUR 6.8 million was thereby invested in the fixed
assets of the Group. These related mainly directly to the production area
as a result of the targeted capacity expansion and process optimisation,
high quality standards of the Group as well as continuous improvement of
manufacturing processes. The investment ratio as the ratio of capital
expenditures to sales was 3.9% (previous year: 1.2%).
Key figures of the UNIWHEELS group (unaudited):
(in EUR million unless otherwise January-June January-June +/-
stated) 2014 2013
Revenues 173.4 164.7 5.3%
Sales volume (millions) 3.5 3.3 6.6%
EBITDA 21.6 14.4 50.0%
EBITDA-margin (% of turnover) 12.5% 8.7% 3.8pp
EBIT 13.7 6.3 117.7%
EBIT-margin (% of turnover) 7.9% 3.9% 4.0pp
Any deviations in the summation result from rounding.
Liabilities to credit institutions increased by EUR 3.5 million to EUR 28.4
million compared as at 31st December 2013 mainly due to seasonal factors of
higher utilization of current account credit lines required for financing
of working capital. The equity increased by EUR 8.9 million to EUR 59.5
million compared to December 31, 2013, which is mainly due to the good
result for the period. The balancing item from the currency translation of
the appreciation of the Polish zloty amounts to EUR -8.3 million which is
at the previous year's level (as at 31st December 2013). The equity ratio
rose to 29.0% (31.12.2013: 26.2%).
Forecast
The UNIWHEELS group with its well-known brands ATS, RIAL, ALUTEC and ANZIO
is working intensively on expanding and consolidating its market leadership
in Germany. UNIWHEELS is also strengthening its business activities on the
major foreign markets, especially on the Eastern European markets and
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