DGAP-News
AURELIUS reports preliminary numbers for 2014 and plans to raise its dividend to EUR 2.00 per share
DGAP-News: AURELIUS AG / Key word(s): Preliminary Results
AURELIUS reports preliminary numbers for 2014 and plans to raise its
dividend to EUR 2.00 per share
02.03.2015 / 07:30
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AURELIUS reports preliminary numbers for 2014 and plans to raise its
dividend to EUR 2.00 per share
- Consolidated revenues reach EUR 1,595.8 million in 2014 (+5%).
- Consolidated EBITDA climbs to a record EUR 207.8 million (+135%)
- Cash holdings reach a record level of EUR 328.4 million (2013: EUR
223.9 million).
- Management to propose a dividend of EUR 2.00 per share (2013: EUR
1.05).
Munich, March 2, 2015 - The Munich-based AURELIUS Group (ISIN DE000A0JK2A8)
closed financial year 2014 with record revenues and earnings. Based on
preliminary, not yet audited numbers, consolidated revenues rose by 5% to
EUR 1,595.8 million (2013: EUR 1,525.2 million). Annualized consolidated
revenues rose by an even stronger 8% to EUR 1,725.3 million (2013: EUR
1,602.2 million).
Consolidated EBITDA more than doubled
Consolidated EBITDA reached EUR 207.8 million, the highest amount in the
company's history and 135% higher than the prior-year figure (2013: EUR
88.6 million). While this result is higher than the original EBITDA
forecast of at least EUR 200 million, it is below the revised EBITDA
forecast, which was raised to EUR 240 million in November 2014. The main
reason for this development was the postponement to the first half of 2015
of a transaction that had originally been planned for the fourth quarter of
2014. Binding contracts have since been signed and the positive earnings
effect of this transaction will be reflected in the results for the first
half of 2015.
Consolidated operating earnings before interest, taxes, depreciation, and
amortization (EBITDA) reached EUR 94.8 million in 2014 (2013: EUR 106.2
million). This performance reflects the generally positive development of
the AURELIUS Group companies. Income from the reversal of negative goodwill
arising on capital consolidation ("bargain purchase income") amounted to
EUR 70.3 million (2013: EUR 41.2 million), while restructuring and
non-recurring expenses amounted to EUR 59.8 million (2013: EUR 58.8
million).
Consolidated operating EBITDA also included the gains on sales of Group
companies above book value, in the amount of EUR 102.5 million (2013: EUR 0
AURELIUS reports preliminary numbers for 2014 and plans to raise its
dividend to EUR 2.00 per share
- Consolidated revenues reach EUR 1,595.8 million in 2014 (+5%).
- Consolidated EBITDA climbs to a record EUR 207.8 million (+135%)
- Cash holdings reach a record level of EUR 328.4 million (2013: EUR
223.9 million).
- Management to propose a dividend of EUR 2.00 per share (2013: EUR
1.05).
Munich, March 2, 2015 - The Munich-based AURELIUS Group (ISIN DE000A0JK2A8)
closed financial year 2014 with record revenues and earnings. Based on
preliminary, not yet audited numbers, consolidated revenues rose by 5% to
EUR 1,595.8 million (2013: EUR 1,525.2 million). Annualized consolidated
revenues rose by an even stronger 8% to EUR 1,725.3 million (2013: EUR
1,602.2 million).
Consolidated EBITDA more than doubled
Consolidated EBITDA reached EUR 207.8 million, the highest amount in the
company's history and 135% higher than the prior-year figure (2013: EUR
88.6 million). While this result is higher than the original EBITDA
forecast of at least EUR 200 million, it is below the revised EBITDA
forecast, which was raised to EUR 240 million in November 2014. The main
reason for this development was the postponement to the first half of 2015
of a transaction that had originally been planned for the fourth quarter of
2014. Binding contracts have since been signed and the positive earnings
effect of this transaction will be reflected in the results for the first
half of 2015.
Consolidated operating earnings before interest, taxes, depreciation, and
amortization (EBITDA) reached EUR 94.8 million in 2014 (2013: EUR 106.2
million). This performance reflects the generally positive development of
the AURELIUS Group companies. Income from the reversal of negative goodwill
arising on capital consolidation ("bargain purchase income") amounted to
EUR 70.3 million (2013: EUR 41.2 million), while restructuring and
non-recurring expenses amounted to EUR 59.8 million (2013: EUR 58.8
million).
Consolidated operating EBITDA also included the gains on sales of Group
companies above book value, in the amount of EUR 102.5 million (2013: EUR 0
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