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DGAP-News Aves One looks back on a directional financial year according to preliminary figures, exceptional write-downs shape consolidated result 2020

Nachrichtenquelle: EQS Group AG
22.04.2021, 18:57  |  110   |   |   

DGAP-News: Aves One AG / Key word(s): Preliminary Results
Aves One looks back on a directional financial year according to preliminary figures, exceptional write-downs shape consolidated result 2020

22.04.2021 / 18:57
The issuer is solely responsible for the content of this announcement.


Corporate News

Aves One looks back on a directional financial year according to preliminary figures, exceptional write-downs shape consolidated result 2020

  • Preliminary figures confirm strategic focus on rail business
  • Increase in Group turnover by about 6.1% to around EUR 123.9 million (previous year: EUR 116.8 million)
  • EBITDA remains high at around EUR 81.8 million (previous year: EUR 84.5 million) despite COVID-19 influences
  • EBT (adjusted) of around EUR -36.3 million burdened by exceptional write-downs in the sea container segment (previous year: EUR 11.1 million)
  • Cost reductions of more than EUR 1.5 million per year expected
  • Positive outlook: Significant expansion of rail business and increasing profitability planned

Hamburg, 22 April 2020 - Aves One AG, an asset owner of durable rail assets, publishes its preliminary figures for 2020. The preliminary figures confirm the strategic decision of the Management Board to sell the sea container business and to concentrate in future on the consistent expansion of the stable and profitable rail business. The sale of the sea container portfolio in March 2021 has an impact on the preliminary figures for 2020, as the effects on earnings were largely taken into account in the annual financial statements for 2020. In the course of focusing on the rail business, the Management Board expects cost reductions of more than EUR 1.5 million p.a. in the future. The company will also benefit from a reduction in the average nominal interest rate of debt financing by 0.3% to around 3.1% p.a.

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DGAP-News Aves One looks back on a directional financial year according to preliminary figures, exceptional write-downs shape consolidated result 2020 DGAP-News: Aves One AG / Key word(s): Preliminary Results Aves One looks back on a directional financial year according to preliminary figures, exceptional write-downs shape consolidated result 2020 22.04.2021 / 18:57 The issuer is solely …

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