EQS-News AURELIUS Equity Opportunities reports results for the first nine months of 2022
EQS-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Quarter Results
AURELIUS Equity Opportunities reports results for the first nine months of 2022
- Total consolidated revenues rise to EUR 2,351.7 million
- Operating EBITDA comes to EUR 163.8 million, net asset value (net) falls to EUR 909.0 million
- Already seven add-on acquisitions, five co-investments and four (partial) exits in 2022
- Subdued transaction environment expected in the coming months
Munich, November 10, 2022 – AURELIUS Equity Opportunities SE & Co. KGaA (“AURELIUS”; ISIN DE000A0JK2A8) has published its results for the first nine months of 2022. Total consolidated revenues came to EUR 2,351.7 million, that being slightly below the level of the year-ago comparison period (Q1-Q3 2021: EUR 2,485.1 million), as expected in view of the market situation and the changes having occurred in the consolidation group. Annualized consolidated revenues from continued operations reached EUR 3,092.4 million (Q1-Q3 2021: EUR 2,436.6 million).
Operating EBITDA comes to EUR 163.8 million, almost 10 percent lower than the year-ago figure
The operating EBITDA of the combined Group in the first nine months of the current year came to EUR 163.8 million (Q1-Q3 2021: EUR 181.4 million). The year-on-year decline in the operating result was particularly influenced by persistent macroeconomic disruptions.
The restructuring and non-recurring expenses of EUR 45.7 million were less than the year-ago figure (Q1-Q3 2021: EUR 56.5 million). The net result of company exits amounted to EUR 50.1 million (Q1-Q3 2021: EUR 37.6 million), most of which being the proceeds on the sale of AKAD University. The EBITDA of the combined Group rose to EUR 182.3 million from the corresponding figure for the year-ago comparison period (Q1-Q3 2021: EUR 175.6 million). No bargain purchase gains were included in this figure, unlike the year-ago figure which included EUR 13.1 million in bargain purchase gains.