02.03.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS: Consolidated EBITDA for 2015 considerably higher than projected at EUR 266.0 million
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Preliminary Results
AURELIUS: Consolidated EBITDA for 2015 considerably higher than projected at
EUR 266.0 million
02.03.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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AURELIUS: Consolidated EBITDA for 2015 considerably higher than projected
at EUR 266.0 million
- Revenues pass EUR 2 billion mark for the first time
- Operative EBITDA also climbs to a new record at EUR 123.1 million
- Management to propose a dividend of EUR 1.45 per share
Munich, March 2 - The AURELIUS Group (ISIN DE000A0JK2A8) closed the 2015
financial year very successfully, based on preliminary, not yet audited
numbers. Consolidated revenues as well as earnings before interest, taxes,
depreciation, and amortization (EBITDA) were significantly higher than in
previous years. According to preliminary figures, consolidated revenues
rose by 31 percent to EUR 2,013.3 million (2014: EUR 1,531.8 million).
Annualized consolidated revenues, including portfolio companies acquired
before January 1, 2016, were EUR 2,960.4 million (2014: EUR 1,725.3
million).
Group EBITDA significantly higher than projected
Consolidated earnings before interest, taxes, depreciation, and
amortization (EBITDA) reached EUR 266.0 million in the 2015 financial
year, well over the EUR 220 million projection communicated by AURELIUS,
and 65 percent higher than the previous year (2014: EUR 161.4 million). The
30 percent improvement in group operating EBITDA to EUR 123.1 million
(2014: EUR 94.8 million) shows that the realignment of the group companies
is bearing fruit, and that subsidiaries are benefitting greatly from
AURELIUS' management experience and financial strength. Due to the high
amount of transaction activity, income from the reversal of negative
goodwill arising on capital consolidation ("bargain purchase income")
amounted to EUR 176.8 million in 2015, as against EUR 76.9 million in 2014.
In the 2015 financial year AURELIUS acquired six portfolio companies, and
two further company purchases were completed by closing on January 1, 2016.
Restructuring and non-recurring expenses amounted to EUR 63.3 million in
2015 (2014: EUR 59.8 million).
Balance sheet situation remains very solid
Due to the convertible bond issue on December 1, 2015 and revenue from the
sale of the hotel real-estate portfolio in 2015, the liquidity of the
AURELIUS group as at December 31, 2015 was EUR 549.0 million, another
record (December 31, 2014: EUR 333.3 million). The equity ratio went up to
28 percent (December 31, 2014: 26 percent).
Management to propose a dividend of EUR 1.45 per share; basic dividend
rises to EUR 0.90, special dividend at EUR 0.55 per share
Due to the very positive course of business in 2015, the Executive Board
will propose to the Supervisory Board for the annual shareholders' meeting
to be held on June 9, 2016 that the basic divided be raised to EUR 0.90 per
share (previous year: EUR 0.80 per share) and that a special dividend of
EUR 0.55 per share (previous year: EUR 1.20 per share) be paid from the
revenue with respect to the sale of the hotel real-estate portfolio.
Thus, the planned dividend pay-out will amount to EUR 45.9 million (2014:
EUR 62.8 million).
Optimistic outlook for 2016
"The gratifying growth of the market for corporate transactions will
continue in 2016. We plan five to seven new acquisitions for the current
year. There is also great interest in our existing subsidiaries," noted
AURELIUS Executive Board Chairman Dirk Markus. "AURELIUS is looking at
another growth year. With the high quality of our portfolio companies and
our attractive project pipeline, we are optimistic that we will continue to
be able to offer shareholders above-average dividends."
Key figures1
01/01-12/31/ 01/01-12/31/ (in millions of euros) 2015 2014 Consolidated revenues 2,013.3 1,531.8 Consolidated revenues, annualized 2,960.4 1,725.3 Consolidated EBITDA 266.0 214.6 - thereof bargain purchase income 176.8 76.9 - thereof restructuring and non-recurring expenses 63.3 59.8 - thereof sales of subsidiaries above book value 29.4 102.5 Consolidated operating EBITDA 123.1 94.8 12/31/2015 12/31/2014 Cash and cash equivalents 549.0 333.3 Equity ratio 28% 26%1) Ongoing exit processes may result in individual changes to the final end-of-year key indicators due to disclosure requirements under IFRS 5, Discontinued Operations. 2) Consolidated earnings of the previous year were adapted as per IFRS 3.45 et seq. for purposes of comparison. ABOUT 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 25 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] --------------------------------------------------------------------------- 02.03.2016 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 --------------------------------------------------------------------------- 441787 02.03.2016
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