19.01.2017 Auden AG  DE000A161440

DGAP-News: Auden AG invests in JimDrive digital auto club


 
DGAP-News: Auden AG / Key word(s): Investment Auden AG invests in JimDrive digital auto club 19.01.2017 / 10:33 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Auden secures investment position in excess of 10% in Stuttgart-based, Europe-wide digital auto service network - Disruptive, alternative business model for an established market - Dynamic, high-margin growth company with prominent investors Berlin - Auden AG, the Berlin-based investment company, has taken a new position in the latest financing round for JimDrive, a Stuttgart-based start-up venture providing a digital alternative to traditional automobile clubs. Under the terms of the convertible loan, Auden can convert its position at any time into shares, which based on the portfolio company's current valuation equates to a shareholding of over ten per cent. JimDrive has positioned itself for rapid growth with strong margins as it competes with Germany's ADAC, Europe's largest automobile club with some 18.9 million members. With thousands of new customers each month, JimDrive is growing rapidly as it offers the same range of road services as the long-time market leader - but with significantly lower pricing. It should thus come as no surprise that this newcomer is already being referred to in the German media as the "digital ADAC". By focusing on what is actually important to customers, and by offering fast, unbureaucratic service based on streamlined processes, JimDrive's business model is perfectly tailored to the internet generation. Moreover, by avoiding the massive expenses of a bricks-and-mortar branch network, member magazines and club structures, the start-up company, founded just one year ago, is able to offer its comprehensive range of automotive breakdown and support services at low prices while achieving consistently high levels of customer satisfaction. In addition to its basic service package for Germany (EUR 29.99), supported by a nationwide fleet of more than 1,900 service vehicles, JimDrive also offers a comprehensive Europe-wide package (EUR 49.99), including the complete range of breakdown and accident-related benefits offered by its larger rival, such as emergency service, towing, vehicle removal and transportation, pick-up service, and substitute rental car. These and all other benefits also apply to the customer's spouse or domestic partner when driving the insured vehicle. The equivalent service package offered by the market leader costs more than EUR 80. With some 54 million licensed drivers in Germany, and some 560 million in Europe, the market potential is immense. From the very start, the concept behind JimDrive's disruptive business model for seizing share in the large and established market for automotive road services attracted such prominent investors as Motor Presse Stuttgart, the founders of Germany's Check24 portal group and ProSiebenSat.1 Media group. With the completion of the latest capital raising round, the company's investors now anticipate even more rapid growth at JimDrive. JimDrive has set ambitious growth goals for itself. Under its plans, the exponential growing membership acquisition rates to date are to be significantly further boosted in 2018 and 2019, with a medium-term target of one million paying members. Christofer Radic, CEO of Auden AG, says of the new portfolio company: "JimDrive fits superbly into our portfolio of digital company with high growth potential. What attracts us particularly to this company is that it has a disruptive business model which should be able to rapidly seize share from a long-established and rather antiquated industry with its far more efficient digital alternative." About Auden AG: Auden AG, headquartered in the German federal capital of Berlin, invests in carefully selected companies with extraordinary growth potential. The firm follows an active investment approach focused on value generation by providing continuous support to its portfolio companies through its network and expertise. Through stringent pre-selection of targets and active involvement with its portfolio companies, Auden AG offers family offices, institutional and private investors a route to participate in investment opportunities in a high-returns market which, for outsiders, is not only highly complex to understand but difficult to penetrate without a standing network. Auden AG, a publicly listed investment firm, is majority owned and capitalized by its senior management, ensuring complete alignment of interests between investors and the investment manager. The alignment is further enhanced by the investment manager not charging investors fund management fees, carried interest or other types of profit shares. Disclaimer: This release may contain forward-looking statements and information which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions which may be subject to variety of risks and uncertainties. The results actually achieved by Auden AG may substantially differ from these forward-looking statements. Auden AG assumes no obligation to update these forward-looking statements or to correct them in case of developments which differ from those anticipated. Contact: Auden AG Am Kupfergraben 6 10117 Berlin Germany Phone: + 49 30 80494800 Fax: + 49 30 80494809 Email: ir@auden.com --------------------------------------------------------------------------- 19.01.2017 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Auden AG Am Kupfergraben 6 10117 Berlin Germany Phone: + 49 30 80494800 Fax: + 49 30 80494809 E-mail: info@auden.com Internet: www.auden.com ISIN: DE000A161440 WKN: A16144 Listed: Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service --------------------------------------------------------------------------- 537641 19.01.2017


Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
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KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
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Dividende '18 in € Dividende '19e in € Div.-Rendite '18
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Beteiligungen , A16144 , AD1 , XETR:AD1