12.05.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS: First quarter of 2016 characterized by successful sales of companies
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Quarter Results
AURELIUS: First quarter of 2016 characterized by successful sales of
companies
12.05.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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AURELIUS: First quarter of 2016 characterized by successful sales of
companies
- EBITDA of the combined group rises to EUR 101.2 million (+ 541% vs. Q1
2015)
- Income of EUR 57.6 million from the sale of fidelis HR
- Dividend proposal of EUR 2.45 per share (prior year: EUR 2.00 per
share)
- Net Asset Value rises to EUR 1,282.5 million
- Positive outlook for the current 2016 fiscal year
Munich, May 12, 2016 - The AURELIUS Group (ISIN DE000A0JK2A8) is off to an
extremely successful start in fiscal year 2016. Total consolidated revenues
for the first quarter of 2016 increased by 58 percent year-over-year to EUR
686.4 million (Q1 2015: EUR 433.9 million). At EUR 2,640.6 million,
consolidated revenues on an annual basis exceeded the prior-year figure by
52 percent (Q1 2015: 1,735.6 EUR million).
EBITDA for the combined group increased considerably in the first quarter
of 2016 to EUR 101.2 million (Q1 2015: EUR 15.8 million). It includes
income from the sale of Group entities in excess of the carrying amount in
the amount of EUR 57.6 million (Q1 2015: EUR 0 million) from the sale of
the HR service provider fidelis HR. In addition, it includes income from
the reversal of negative goodwill from the capital consolidation ("bargain
purchase") from the acquisitions of Swiss Valora Trade (today: Conaxess)
and the business activities of the Reuss-Seifert & Hammerl Group, which
were completed on January 1, 2016, in the amount of EUR 27.3 million (Q1
2015: EUR 0 million). Since there were no business acquisitions or sales in
Q1 2015, there was no income at the time from the reversal of negative
goodwill from the capital consolidation ("bargain purchase"), nor any
income from the sale of equity investments. Restructuring costs and non-
recurring charges for the reorientation of Group entities decreased to EUR
8.2 million in the reporting period (Q1 2015: EUR 10.9 million). Earnings
before interest, taxes, depreciation and amortization (EBITDA) for the
combined group was EUR 24.5 million in the first quarter of 2016 (Q1 2015:
EUR 26.7 million).
As a result of the successful exits from fidelis HR and the Berentzen
Group, the Executive Board and Supervisory Board of AURELIUS decided at the
end of April 2016 to propose a total dividend distribution of EUR 2.45 per
share to the Annual General Meeting taking place on June 9, 2016. In
addition to the base dividend of EUR 0.90 (prior year: EUR 0.80), a special
dividend of EUR 1.55 (prior year: EUR 1.20) is to be proposed. This would
correspond to a record distribution of EUR 76.6 million (prior year: EUR
62.8 million).
Cash and cash equivalents amounted to EUR 521.2 million as of March 31,
2016 (December 31, 2015: EUR 548.9 million); the equity ratio was 31.1
percent (December 31, 2015: 28.0%).
The Net Asset Value of Group entities increased to EUR 1,282.5 million
(December 31, 2015: EUR 1,252.7 million).
Positive outlook
"The start in the 2016 fiscal year exceeded our expectations and we can
look back on a very good first quarter. We also want our shareholders to
participate in this success with a clearly increased dividend", says Dr.
Dirk Markus, Chief Executive Officer of AURELIUS. "The second quarter is
also off to a promising start with an additional partial exit from our
listed subsidiary Berentzen Group AG and the successful completion of the
acquisition of Colt's cloud business. With a view to the current project
pipeline, we expect intensive acquisition activities in the current fiscal
year 2016 as well as the sale of additional Group subsidiaries."
Key figures (in EUR millions)
1/1 - 3/31/2016 1/1 - 3/31/2015 Total consolidated 686.4 433.9 revenues Consolidated revenue 2,640.6 1,735.6 (annualized) ¹ EBITDA, Group total 101.2 15.8 of which negative goodwill 27.3 - / - from the capital consolidation ("bargain purchase") of which restructuring and -8.2 -10.9 non-recurring expenses of which income from the 57.6 - / - disposal of equity investments over the carrying amounts EBITDA, Group operating 24.5 26.7 3/31/2016 12/31/2015 Cash and cash equivalents 521.2 548.9 Equity ratio ² (in %) 31.1 28.01) From continuing operations. 2) Incl. non-controlling interests Net Asset Value of AURELIUS Group entities (in EUR millions) Group entities/units 3/31/2016 12/31/2015 SECOP 255.6 249.2 UK Chemicals 154.4 153.7 IT Services 169.8 166.7 GHOTEL Group 46.6 86.3 German Education Business 68.6 67.9 fidelis HR . / . 60.5 Scholl Footwear 54.7 57.5 B+P Gerüstbau 29.8 29.4 Berentzen Group 17.0 36.9 LD Didactic 22.3 24.7 Publicitas 19.0 21.5 ISOCHEM Group 23.4 26.1 HanseYachts 26.0 24.4 UK Polymers 20.6 23.0 Solidus 30.2 28.9 Tavex 16.2 14.0 UK Healthcare 38.3 40.1 MEZ 21.3 0.0 Reuss-Seifert 4.6 . / . Conaxess 23.4 . / . Other (incl. net cash 240.6 141.9 funds) *) Total 1,282.5 1,252.7*) The outstanding convertible bond is also recognized as a liability item as of March 31, 2016. 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 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] --------------------------------------------------------------------------- 12.05.2016 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 --------------------------------------------------------------------------- 462571 12.05.2016
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