24.03.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS publishes the 2015 annual report and looks back on a record year
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Final Results
AURELIUS publishes the 2015 annual report and looks back on a record year
24.03.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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AURELIUS publishes the 2015 annual report and looks back on a record year
- Group expanding rapidly: Total consolidated revenues of EUR 2,013.3
million for the fiscal year with an annualized amount of EUR 2,960.4
million generated by 22,898 employees
- Total EBITDA of EUR 266.2 million and operating EBITDA of EUR 123.1
million up considerably year-on-year
- Dividend proposal of EUR 1.45 per share
- Net Asset Value increased to EUR 1,252.7 million
Munich, March 24, 2016 - The AURELIUS Group (ISIN DE000A0JK2A8) published
its annual report today for the 2015 fiscal year and reports on the most
successful fiscal year so far in the Company's history. AURELIUS
accordingly increased its total consolidated revenues by 31 percent to EUR
2,013.3 million (2014: EUR 1,531.8 million). Annualized consolidated
revenues increased to EUR 2,960.4 million (2014: EUR 1,725.3 million). This
can be attributed largely to a total of 8 acquisitions in the past 12
months. EBITDA for the combined group reached EUR 266.1 million (2014: EUR
161.4 million). Operating EBITDA also rose considerably due to the solid
performance of most of the Group entities with an increase of 30 percent to
EUR 123.2 million (2014: EUR 95.1 million).
Business portfolio considerably expanded as a result of eight acquisitions
AURELIUS once again positioned itself successfully as a well-known partner
of major corporations in the acquisition of complex, pan-European corporate
spin-offs in the 2015 fiscal year just ended. In addition to the European
operations of Tavex SA, a producer of denim fabrics for well-known jeans
manufacturers, the solid board and graphic board operations of the Smurfit
Kappa Group (today: SOLIDUS Solutions) and the European craft business of
British Coats plc (today: MEZ) were acquired. AURELIUS' continued strong
presence in the United Kingdom also paid off. In the second half of 2015,
AURELIUS acquired Regain Polymers, the leading British recycler of hard
plastic waste, Transform Medical, a provider of surgical and non-surgical
cosmetic procedures, and Allied Healthcare, the largest provider of home
care services. Since January 1, 2016, the trade operations of Swiss Valora
Group (today: Conaxess) and the Reuss-Seifert & Hammerl Group also belong
to AURELIUS.
At EUR 176.8 million, the income from the reversal of negative goodwill
from the capital consolidation ("bargain purchase gain") from the
subsidiaries consolidated for the first time in fiscal year 2015 clearly
exceeded the previous year's level (2014: EUR 76.8 million). Restructuring
and non-recurring expenses amounted to EUR 63.3 million (2014: EUR 59.8
million).
Successful sale of the hotel property portfolio results in special dividend
of EUR 0.55 per share
AURELIUS sold a portfolio of four hotel properties in Munich and Hannover
in the 2015 fiscal year just ended, thereby realizing a positive
contribution to earnings in the double digit millions. The shareholders
will share directly in this success in line with the current dividend
policy. The Company's Executive Board and Supervisory Board will therefore
propose a dividend distribution in the total amount of EUR 1.45 per share
(2014: EUR 2.00) from the net retained profits at the annual general
meeting to be held on June 9, 2016, in Munich. The dividend comprises an
increased base dividend of EUR 0.90 (2014: EUR 0.80) as well as a special
dividend from the aforementioned purchases of EUR 0.55 (2014: EUR 1.20).
The planned distribution thus amounts to EUR 45.9 million (2014: EUR 63.4
million).
Strong financial basis for further growth
As a result of the convertible bond issued in November 2015 and the sales
proceeds for the hotel property portfolio sold in 2015, the portfolio of
liquid assets in the AURELIUS Group reached the record level of EUR 548.9
million as of the reporting date December 31, 2015 (December 31, 2014: EUR
333.3 million). The equity ratio increased to 28 percent (December 31,
2014: 26 percent).
The net asset value of the Group entities was increased to EUR 1,252.7
million (December 31, 2014: EUR 1,150.6 million).
Optimistic outlook
"We assume that the environment in the market for corporate transactions
will remain positive for the 2016 fiscal year. We are planning on five to
eight new acquisitions in the current year. We managed the first highly
successful exit from our portfolio with the sale of our subsidiary fidelis
HR in March 2016. In addition, we placed around 20 percent of our listed
subsidiary Berentzen Group AG with institutional investors," said Dr. Dirk
Markus, Chief Executive Officer of AURELIUS. "We have made a very good
start to the current year. We will also continue to grow this year and let
our shareholders share in this development with an attractive dividend."
Key figures 1
1/1 - 12/ 1/1 - 12/31/ (in EUR millions) 31/2015 2014 ¹ Total consolidated revenues 2,013.3 1,531.8 Consolidated revenues, annualized 2,960.4 1,725.3 EBITDA, Group total 266.1 214.6 - of which bargain purchase gain 176.8 76.8 - of which restructuring and non-recurring expenses - 63.3 - 59.8 - of which sale of subsidiaries in excess of their carrying amount 29.4 102.5 Operating EBITDA of the combined group 123.2 95.1 Consolidated profit or loss ³ 154.9 107.6 Earnings per share (in EUR) ¹,² 4.95 3.28 Cash flows from operating activities 2 138.0 109.9 Cash flows from investing activities 2 15.6 45.7 Free cash flow 2 153.7 155.7 12/31/2015 12/31/20141 Assets 1,921.4 1,462.4 of which cash and cash equivalents 548.9 333.3 Liabilities 1,384.3 1,075.1 of which financial liabilities 345.4 164.4 Equity ³ 537.1 387.3 Equity ratio ³ (in %) 28.0 26.5 Number of employees at the reporting date 22,898 12,4421) The prior-year consolidated statement of comprehensive income and consolicated statement of financial position was adjusted for comparison purposes according to the provisions set forth under IFRS 3.45 ff. 2) From continuing operations. 3) Incl. non-controlling interests. Net Asset Value of the AURELIUS Group entities (in EUR millions) Group entities/units NAV as of 12/31/2015 SECOP 249.2 UK Chemicals 153.7 IT Services 166.7 GHOTEL Group 86.3 German Education Business 67.9 fidelis HR 60.5 Scholl Footwear 57.5 B+P Gerüstbau 29.4 Berentzen Group 36.9 LD Didactic 24.7 Publicitas 21.5 ISOCHEM Group 26.1 HanseYachts 24.4 UK Polymers 23.0 SOLIDUS 28.9 TAVEX Europe 14.0 UK Healthcare 40.1 MEZ 0.0 Other (incl. net funds) 141.9 Total 1,252.7ABOUT AURELIUS AURELIUS is one of the leading European investment groups. From its offices in Munich, London, Stockholm and Madrid, AURELIUS acquires participations with development potential. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation in order for them to fully develop their potential. Currently, the AURELIUS Group consists of 23 subsidiaries with locations in Europe, Asia, and the U.S.A. These include numerous traditional consumer brands, services businesses and a number of industrial enterprises. Companies are acquired based on strict investment criteria without focusing on any particular industry. Shares of AURELIUS SE & Co. KGaA are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock markets under ISIN DE000A0JK2A8. To find out more, visit www.aureliusinvest.com CONTACT Anke Banaschewski Investor Relations & Corporate Communications Phone +49 (89) 544799 - 0 Fax +49 (89) 544799 - 55 [email protected] --------------------------------------------------------------------------- 24.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 448475 24.03.2016
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