DGAP-News: AURELIUS publishes provisional figures for 2016


 
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Preliminary Results AURELIUS publishes provisional figures for 2016 06.03.2017 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- AURELIUS publishes provisional figures for 2016 - Further robust growth of total consolidated revenues to EUR 2.9 billion - Satisfactory operating performance despite the acquisition of unprofitable and sale of profitable Group entities - Fiscal year 2016 characterized by eight company acquisitions and seven sales - Dividend proposal of EUR 2.00 per share, increase possible in the event of additional successful sales before the annual general meeting - Solid financial resources permit considerable expansion of the share buyback program Munich, March 6, 2017 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) generated total consolidated revenues of EUR 2,892.3 million based on the initial provisional annual figures in fiscal 2016, which corresponds to an increase of 44 percent compared to the prior year (2015: EUR 2,013.3 million). The annualized consolidated revenues increased to EUR 3,066.3 million. Satisfactory operating performance despite the sale of profitable Group entities Overall, AURELIUS Equity Opportunities achieved EBITDA for the combined group of EUR from 148.4 million (2015: EUR 266.1 million). The decrease can be largely attributed to the lower income from the reversal of negative goodwill from capital consolidation ("bargain purchase") compared to the prior year. Operating EBITDA reached EUR 114.0 million (2015: EUR 123.2 million) despite the acquisition of yet unprofitable and the sale of profitable Group entities and reflects the good operating performance of the Group entities. Fiscal year 2016 characterized by eight company acquisitions and seven sales AURELIUS Equity Opportunities acquired a total of eight Group entities in the 2016 fiscal year. Reuss-Seiffert & Hammerl, a manufacturer of consumables for the concrete construction industry, and Conaxess Trade, an exclusive distributor for consumer goods, were acquired effective January 1, 2016. The purchases of Calumet Photographic, a multi-channel retailer for all things related to photography, as well as Working Links, the leading provider of professional and social rehabilitation services in the UK, were carried out in June 2016. Four of the eight acquisitions were effected as part of the strategic add-on acquisitions to strengthen existing subsidiaries: The cloud business CMC (Colt Managed Cloud) of Colt Group S.A., the commercial activities of the Abelan Group, the British Hospital Group, and the BSB Group. Income from the reversal of negative goodwill from capital consolidation from the eight business acquisitions amounted to a total of EUR 69.7 million (2015: EUR 176.8 million). "With four transactions completed by our subsidiary in the United Kingdom in 2016 alone, we have also established ourselves as a valuable partner in complex pan-European corporate spin-offs", says Dr. Dirk Markus, Chairman of the Executive Board of AURELIUS Equity Opportunities. "The broad regional positioning of our investments, and our presence in various markets offer good diversification and limit the risk for the combined group." With a total of seven company sales, including fidelis HR, a provider for the outsourcing of human resource services, the Tavex Group, the Berentzen Group AG, and Dutch brightONE IT Services BV, income was generated in the 2016 fiscal year from sales in excess of the carrying amount of EUR 43.9 million (2015: EUR 29.4 million) as well as cash allocations in an amount considerably more than EUR 100 million. Dividend proposal of EUR 2.00 per share, increase possible in the event of additional successful sales before the annual general meeting The Executive Board will recommend to the Supervisory Board that the base dividend be raised once again to EUR 1.00 per share (prior year: EUR 0.90 per share) for the annual general meeting to be held on June 21, 2017, as well as the payment of a special dividend from the sales proceeds since the last annual general meeting in the amount of EUR 1.00 per share (prior year: EUR 1.55 per share). The amount of the special dividend would be increased correspondingly in the event of additional successful company sales before the 2017 annual general meeting. Solid financial resources also permit considerable expansion of the share buyback program At year-end 2016, AURELIUS Equity Opportunities had cash and cash equivalents in the amount of EUR 416.4 million (December 31, 2015: EUR 550.2 million) at its disposal. The consolidated equity ratio was 27 percent as of the reporting date December 31, 2016 (December 31, 2015: 33%). "Owing to our solid financial resources, we are very well-equipped for additional transactions in the current fiscal year. We once again expect at least six company acquisitions in 2017", says Dr. Dirk Markus. "We also set up two share buyback programs in the past year and at the beginning of 2017 with which we will repurchase AURELIUS shares worth up to EUR 52 million. A large portion of our profits will thereby remain in the Company and dividends will be distributed to fewer shares." With the acquisition of the European business of Office Depot as of January 1, 2017, the first acquisition in fiscal year 2017 and at the same time the largest takeover in the Company's history has already been completed. The annualized revenues of the AURELIUS Group therefore rose to a new magnitude and increased to around 4.5 billion euros. Office Depot Europe operates in 14 European countries with its three main activities and brands "Viking", Contract, and Retail. In March 2017 AURELIUS acquired Wex Photographic, a leading photographic retailer in the UK. Servicing half a million customers across the UK, Wex is the country's largest online specialist photographic retailer, with an annual turnover of EUR 84 million. Following the deal, Wex will be merged with Calumet Photographic, a multi-channel photographic retailer acquired by AURELIUS in June 2016, to create a leading omni-channel offering servicing the enthusiast and professional photographer market across the UK and Europe. Key figures 1

(in EUR millions)                            1/1-12/31/2016  1/1-12/31/2015
Total consolidated revenues                         2,892.3         2,013.3
Consolidated revenues, annualized                   3,066.3         2,960.4
EBITDA, Group total                                   148.4           266.1
- of which bargain purchase                            69.7           176.8
- of which restructuring and non-recurring             79.2            63.3
expenses
- of which sale of subsidiaries in excess              43.9            29.4
of their carrying amount
Operating EBITDA of the combined group                114.0           123.1
                                                 12/31/2016     12/31/20152
Cash and cash equivalents                             416.4           550.2
Equity ratio                                            27%             33%


1) The prior-year consolidated statement of comprehensive income was adjusted for comparison purposes according to the provisions set forth under IFRS 5 and IFRS 3.45 ff. The prior-year consolidated statement of financial position was adjusted according to IFRS 3.45 ff. ABOUT AURELIUS AURELIUS Group is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Over the last ten years AURELIUS has grown from a local turnaround investor to an international multi-asset manager investing in a wide range of sectors and across the capital structure. AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4) represents the listed entity within the AURELIUS Group that focusses on investing in Special Situations and MidMarket transaction opportunities. AURELIUS Equity Opportunities currently has 23 portfolio companies located across Europe which employ around 25,000 people and generate annual revenues of more than EUR 4.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges with a market capitalisation of c. EUR 2 billion as of February 2017. With its group charity AURELIUS Refugee Initiative, AURELIUS provides comprehensive support for refugees on their way towards a better life. To find out more, visit www.aureliusinvest.com CONTACT AURELIUS Group Anke Banaschewski Investor Relations & Corporate Communications Phone: +49 (89) 544799-0 Fax: +49 (89) 544799-55 E-Mail: [email protected] --------------------------------------------------------------------------- 06.03.2017 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: AURELIUS Equity Opportunities SE & Co. KGaA Ludwig-Ganghofer-Straße 6 82031 Grünwald Germany Phone: +49 (0)89 544 799-0 Fax: +49 (0)89 544 799-55 E-mail: [email protected] Internet: www.aureliusinvest.de ISIN: DE000A0JK2A8 WKN: A0JK2A Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt End of News DGAP News Service --------------------------------------------------------------------------- 550477 06.03.2017


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 2.998,35 2.902,94 3.612,00 1.932,90 2.560,80 2.995,00 0,00
EBITDA1,2 272,56 65,72 80,30 167,60 249,70 154,40 0,00
EBITDA-Marge3 9,09 2,26 2,22 8,67 9,75 5,16
EBIT1,4 202,00 11,69 -84,20 222,70 115,80 29,40 0,00
EBIT-Marge5 6,74 0,40 -2,33 11,52 4,52 0,98 0,00
Jahresüberschuss1 484,49 -39,52 18,27 121,60 151,80 78,70 0,00
Netto-Marge6 16,16 -1,36 0,51 6,29 5,93 2,63 0,00
Cashflow1,7 -132,16 -50,00 -76,10 227,50 42,90 -41,50 0,00
Ergebnis je Aktie8 5,98 -1,43 -3,43 3,62 4,86 2,99 1,65
Dividende8 5,00 3,00 0,00 1,00 1,50 0,05 4,00
Quelle: boersengefluester.de und Firmenangaben

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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: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Aurelius Equity Opportunities
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JK2A 13,740 Halten 374,69
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
6,87 7,79 0,89 6,87
KBV KCV KUV EV/EBITDA
0,62 - 0,13 2,99
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,05 0,25 1,82 20.09.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2023 10.08.2023 10.11.2022 27.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,32% 0,84% 1,03% -15,29%
    
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Beteiligungen , A0JK2A , AR4 , HAM:AR4