EQS-News

AURELIUS Equity Opportunities reports results for the first nine months of 2022 - Seite 3

Other relevant developments in the first three quarters of 2022 include the opening of a new AURELIUS Office in Düsseldorf and the appointments of Santiago González as Head of Iberia and Henrik Gustafsson as Head of Nordics, which serve to strengthen the Group’s pan-European orientation.

Challenging outlook, continued vigilance is key

In the coming months, the AURELIUS Equity Opportunities Group anticipates a perpetually stressed market environment marked by obstacles, but also opportunities for many industries. In view of the strained geopolitical and economic situation of markets everywhere, adverse trends such as rising prices for energy and raw materials, interest rate hikes, supply chain disruptions, and rising inflation rates can be expected to continue. Therefore, the AURELIUS Equity Opportunities portfolio is currently exposed to a higher risk of restricted growth. The consolidated earnings of AURELIUS Equity Opportunities will be specifically impacted by the overall smaller earnings contribution of the AURELIUS Group’s portfolio companies.

“More than ever before, vigilance is called for. The strained macroeconomic situation will further dampen the transaction environment in the coming months. Our operational specialists are thus working hard for our portfolio companies. Currently, we do not feel pressured to pursue further transactions. The sale of Briar Chemicals in October was a very successful exit for us. Generally speaking, we find it difficult to provide a reliable estimate of future performance in view of the still tense economic situation and multiple geopolitical flashpoints. The current phase calls for diligent observation and the ability to act quickly if and when decisive parameters change,” said Matthias Täubl.

Key figures

(In EUR millions)	1/1 – 9/30/2021	1/1 – 9/30/2022
Total consolidated revenues	2,485.1	2,351.7
Consolidated revenues (annualized) 1,2	2,436.6	3,092.4
EBITDA of the combined Group	175.6	182.3
of which gains on bargain purchases	13.1	-/-
of which restructuring and non-recurring expenses	56.5	45.7
of which revaluation effect of co-investments accounted for at equity	-/-	14.1
of which gains on exits	37.6	50.1
Operating EBITDA of the combined Group	181.4	163.8
Consolidated profit/loss 1,³	29.5	58.1
Consolidated earnings per share (basic, in EUR) 1	1.04	2.11
	12/31/2021	9/30/2022
Assets	2,281.2	2,263.1
of which cash and cash equivalents	444.0	284.6
Liabilities	1,688.7	1,690.6
of which financial liabilities	379.4	430.8
Equity ³	592.5	572.5
Equity ratio ³ (in %)	26.0	25.3
Number of employees at the reporting date 2	11,141	10,340

1) The consolidated statement of comprehensive income for the first nine months of last year has been adjusted for comparison purposes in accordance with IFRS 5.