DGAP-News

3W Power/AEG Power Solutions reports results for Q1 2015 - Seite 2

UPS solutions across key vertical markets in critical infrastructure such
as Oil & Gas, Power Generation (including Nuclear), Transportation and Data
& IT. In addition, the Company continues to pursue key new technology
innovation in Grid & Storage applications including power to gas/heat and
battery energy storage solutions (BESS). In line with this vertical market
end-customer structure the Company is reinforcing and building out the
organization to better meet and serve the needs of its customers. To
reflect this business approach AEG Power Solutions Group has made a change
to its reportable segment structure starting with the current Q1 2015
publication of its operating results.

Group results

(in EUR million) Q1 2015 Q1 2014 Δ in % Q1 2015 Q4 2014 Δ in %

Order backlog 88.0 101.9 -13.6 88.0 85.7 2.7


Orders 43.4 64.1 -32.3 43.4 47.6 -8.8


Revenue 38.4 45.4 -15.4 38.4 57.5 -33.2


Book to Bill 1.1 1.4 -20.0 1.1 0.8 36.5


EBITDA (3.4) 3.7 na (3.4) (5.6) 39.3


EBITDA margin -8.9% 8.1% -8.9% -9.7%


Normalized EBITDA (3.7) (12.9) 71.3 (3.7) 1.8 na


Normalized EBITDA margin -9.6% -28.4% -9.6% 3.1%


Industrial Products and Services (IPS) ¹

(in EUR million) Q1 2015 Q1 2014 Δ in % Q1 2015 Q4 2014 Δ in %

Order backlog 88.0 94.8 -7.2 88.0 85.7 2.7


Orders 43.4 59.8 -27.4 43.4 47.6 -8.8


Revenue 38.4 41.6 -7.7 38.4 57.5 -33.2


Book to Bill 1.1 1.4 -21.4 1.1 0.8 36.5


EBITDA (1.4) 8.9 Na (1.4) (5.2) 73.1


EBITDA margin -3.6% 21.4% -3.6% -9.0%


Normalized EBITDA (2.6) (8.5) 69.4 (2.6) 3.2 na


Normalized EBITDA margin -6.8% -20.4% -6.8% 5.6%

¹For the IPS segment, Q1 2015 orders and revenue numbers correspond to
those of the Group, historical numbers of Q1 2014 and Q4 2014 have been
adjusted by adding the previous reportable RES and EES segments, adjusted
for the operating results of discontinued operations (sale of Skytron and
India), enabling a like-for-like comparison of the Company's operating
activities.


Unallocated

(in EUR million) Q1 2015 Q1 2014 Δ in % Q1 2015 Q4 2014 Δ in %

EBITDA (2.0) (4.6) 56.4 (2.0) 1.0 na


Normalized EBITDA (1.1) (4.0) 72.5 (1.1) 0.0 na


Geographical allocation

(in EUR million) Q1 2015 Q1 2014 Δ in % Q1 2015 Q4 2014 Δ in %

Orders


Europe excl. Germany 24.7 23.4 5.6 24.7 16.1 53.4