DGAP-News

AURELIUS Equity Opportunities reports its numbers for the first nine months of 2020 - Seite 2

The operating EBITDA of the combined Group in the amount of EUR 100.2 million (Q1-Q3 2019: EUR 134.6 million) proves that the AURELIUS portfolio is strongly positioned and that the Group companies have done a good job of navigating the ongoing COVID-19 pandemic so far, thanks in no small part to the dedicated efforts of the AURELIUS functional specialists.

The net asset value of the AURELIUS portfolio amounted to EUR 950.7 million, one percent less than at the end of the preceding quarter.

Outlook: Effects of the new lockdowns in the COVID-19 pandemic cannot yet be estimated; well-filled pipeline of acquisition opportunities

The COVID-19 pandemic and its consequences continue to dampen global economic growth. Many companies are still struggling. Due to the renewed restrictions imposed in many European countries, which are having a profound impact on the real economy and the manufacturing sector, the outlook for the AURELIUS Group companies is subject to considerable uncertainty. Therefore, the further outlook will depend in large part on the pace of economic recovery in the markets in which the Group's companies operate.

On the other hand, the companies' efforts to adapt to the new situation - also in the current crisis - often lead to spin-offs of unprofitable or peripheral divisions. "AURELIUS has successfully managed the restructuring of companies in exceptional situations for many years. I am therefore highly confident that we will not only successfully master the COVID-19 crisis with the backing of our operational experience accumulated over many years and our financial stability, but also emerge stronger from the crisis as a result of attractive new acquisitions," said Executive Board member Matthias Täubl.
 

Key figures

(in EUR millions)	1/1 - 9/30/2019	1/1 - 9/30/2020
Total consolidated revenues	2,720.4	2,405.2
Annualized consolidated revenues 1,2	2,874.6	3,193.3
EBITDA of the combined Group	187.4	301.5
- of which gains on bargain purchases	15.4	180.5
- of which restructuring and non-recurring expenses	-61.0	-59.7
- of which gains on exits	98.4	80.5
Operating EBITDA of the combined Group	134.6	100.2
	12/31/2019	9/30/2020
Cash and cash equivalents	435.7	417.5
Equity ratio3 (in %)	16.8	21.2