DGAP-News
AURELIUS reports good start in the first quarter of 2015
DGAP-News: AURELIUS AG / Key word(s): Quarter Results
AURELIUS reports good start in the first quarter of 2015
13.05.2015 / 07:30
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AURELIUS reports good start in the first quarter of 2015
- Consolidated revenues up 11 percent to EUR 433.9 million (Q1 2014: EUR
390.5 million)
- Operating EBITDA raised to EUR 26.7 million (Q1 2014: EUR 25.5 million)
despite several successful company disposals
- Three acquisitions already completed in 2015 - further busy deal
activity planned
- International strategy: conversion into SE & Co. KGaA planned
Munich, May 13, 2015 - The AURELIUS Group (ISIN DE000A0JK2A8) has made a
very good start to the 2015 fiscal year, increasing its total consolidated
revenues by 11 percent in the first quarter of 2015 to EUR 433.9 million
(Q1 2014: EUR 390.5 million). On an annualized basis, consolidated revenues
rose by 5 percent to EUR 1,735.6 million (Q1 2014: EUR 1,648.3 million).
Earnings before interest, taxes, depreciation and amortization (EBITDA) for
the Group as a whole increased by 5 percent in the first quarter of 2015 to
EUR 26.7 million (Q1 2014: EUR 25.5 million). This was achieved even though
several profitable companies were sold and new, as yet unprofitable
subsidiaries were purchased during the 2014 fiscal year. The restructuring
and non-recurring expenses for the reorganization of the Group companies
amounted to EUR 10.9 million in the reporting period (Q1 2014: EUR 7.2
million). As no company acquisitions were closed and there were no exits in
the first quarter of 2015, no income from the reversal of negative goodwill
(bargain purchase income) or income from the disposal of companies accrued.
Two of the three acquisitions already announced in the 2015 fiscal year -
the European operations of the Tavex Group, the European Crafts business of
Coats, and the solid board and graphic board activity of the Smurfit Kappa
Group - were already completed in the second quarter of 2015. The
acquisition of the European Crafts business of Coats is similarly scheduled
for closing in the next few weeks.
Together with cash and cash equivalents of EUR 304.2 million (December 31,
2014: EUR 328.4 million), an equity ratio of 25.4 percent (December 31,
2014: 26.2 percent) at March 31, 2015 forms a solid foundation for further
growth.
As no further Group companies were acquired or divested in the first
AURELIUS reports good start in the first quarter of 2015
- Consolidated revenues up 11 percent to EUR 433.9 million (Q1 2014: EUR
390.5 million)
- Operating EBITDA raised to EUR 26.7 million (Q1 2014: EUR 25.5 million)
despite several successful company disposals
- Three acquisitions already completed in 2015 - further busy deal
activity planned
- International strategy: conversion into SE & Co. KGaA planned
Munich, May 13, 2015 - The AURELIUS Group (ISIN DE000A0JK2A8) has made a
very good start to the 2015 fiscal year, increasing its total consolidated
revenues by 11 percent in the first quarter of 2015 to EUR 433.9 million
(Q1 2014: EUR 390.5 million). On an annualized basis, consolidated revenues
rose by 5 percent to EUR 1,735.6 million (Q1 2014: EUR 1,648.3 million).
Earnings before interest, taxes, depreciation and amortization (EBITDA) for
the Group as a whole increased by 5 percent in the first quarter of 2015 to
EUR 26.7 million (Q1 2014: EUR 25.5 million). This was achieved even though
several profitable companies were sold and new, as yet unprofitable
subsidiaries were purchased during the 2014 fiscal year. The restructuring
and non-recurring expenses for the reorganization of the Group companies
amounted to EUR 10.9 million in the reporting period (Q1 2014: EUR 7.2
million). As no company acquisitions were closed and there were no exits in
the first quarter of 2015, no income from the reversal of negative goodwill
(bargain purchase income) or income from the disposal of companies accrued.
Two of the three acquisitions already announced in the 2015 fiscal year -
the European operations of the Tavex Group, the European Crafts business of
Coats, and the solid board and graphic board activity of the Smurfit Kappa
Group - were already completed in the second quarter of 2015. The
acquisition of the European Crafts business of Coats is similarly scheduled
for closing in the next few weeks.
Together with cash and cash equivalents of EUR 304.2 million (December 31,
2014: EUR 328.4 million), an equity ratio of 25.4 percent (December 31,
2014: 26.2 percent) at March 31, 2015 forms a solid foundation for further
growth.
As no further Group companies were acquired or divested in the first
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