DGAP-News

3W Power/AEG Power Solutions reports results for Q4 and fiscal year 2014

DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Final
Results
3W Power/AEG Power Solutions reports results for Q4 and fiscal year
2014

26.03.2015 / 08:00

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March 26, 2015

3W Power/AEG Power Solutions reports results for Q4 and fiscal year 2014
- Revenue of more than EUR 200 million in 2014 meets expectation

- Year-on-year decrease of orders and revenue due to restructuring

- Positive Normalized EBITDA in Q4 2014 in remaining industrial core
business

- Continuous and sustainable improvement remains highest priority despite
recent challenges in key end markets

Group results

(in EUR million) 12M 2014 12M 2013 Δ in %

Order backlog 85.7 85.2 0.6


Orders 210.0 228.5 -8.1


Revenue 203.3 260.3 -21.9


Book to Bill 1.03 0.88 17.7


EBITDA (12.2) (23.6) 48.2


EBITDA margin -6.0% -9.1%


Normalized EBITDA (17.7) (5.3)


Normalized EBITDA margin -8.7% -2.0%

(in EUR million) Q4 2014 Q4 2013 Δ in % Q4 2014 Q3 2014 Δ in %

Order backlog 85.7 85.2 0.6 85.7 99.9 -14.2


Orders 47.6 52.1 -8.6 47.6 43.9 8.6


Revenue 57.5 62.3 -7.7 57.5 47.6 20.8


Book to Bill 0.83 0.84 -1.0 0.83 0.92 -10.1


EBITDA (5.6) (13.4) 57.8 (5.6) (1.1)


EBITDA margin -9.8% -21.5% -9.8% -2.2%


Normalized EBITDA 1.8 1.8 1.8 1.8 (1.2) na


Normalized EBITDA margin 3.1% 2.9% 3.1% -2.5%

Luxembourg/ Zwanenburg, The Netherlands - March 26, 2015. 3W Power S.A.
(ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions
Group, a global provider of UPS systems and power electronic solutions for
industrial, commercial, renewable and distributed energy markets, today
announced results for Q4 and fiscal year 2014.

AEG Power Solutions finished fiscal year 2014 with EUR 210.0 million in
orders and EUR 203.3 million in revenue. Compared to 2013, orders were down
8.1% (2013: EUR 228.5 million) and revenue was down 21.9% (2013: EUR 260.3
million). Variance was in line with expectations, and the year-on-year
decreases were mainly due to the Company's comprehensive restructuring
measures. The revenue level reported for 2014 in fact met the guidance the