Deufol SE / Key word(s): Final Results 30.04.2014 13:17 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deufol SE: Annual Results 2013 - Sales EUR 318.7 million (previous year EUR 333.0 million) - EBITDA EUR 14.8 million (previous year EUR 15.0 million) - EBITA from continuing operations 6.0 million (previous year EUR 6.2 million) - Net result EUR 0.3 million (previous year EUR ‒ 0.3 million) - Operating cash flow 17.2 million (previous year EUR 16.0 million) Hofheim, 30. April 2014 Deufol SE announces today the final results for the fiscal year 2013 and confirms the preliminary results which have been published on April 17. Sales development In a moderate overall economic environment, in the period under review sales from continuing operations amounted to EUR 318.7 million (previous year: EUR 333.0 million). We have thus achieved our planning targets, which had envisaged sales in a corridor of between EUR 310 million and EUR 325 million. Due to restructuring of the Data Packaging business, revenue in the USA declined to EUR 62.7 million (previous year: EUR 71.1 million). In Germany (incl. the holding company), at EUR 170.5 million the result was also lower than in the previous year (EUR 176.0 million). The loss of the Euskirchen location has deprived the Group of sales of a good EUR 5 million, and a further amount of almost EUR 3 million is no longer included due to deconsolidated companies. Accordingly, after adjustments this result represents marginal growth. In the Rest of Europe, we were at almost the same level as in the previous year (EUR 85.4 million, compared to EUR 85.9 million). Net result above previous year On the results side, in the past year Deufol faced several burdens. In Belgium, one-off expenses amounting to a good EUR 1.1 million arose in connection with a customer's relocation of capacities to Eastern Europe and an associated reduction in our operations there. In the USA, the loss of a customer in the gift card segment had a negative impact on income of almost EUR 1 million, while in China the results of an internal investigation resulted in valuation adjustments in the amount of EUR 0.9 million. The operating result before goodwill amortization (EBITA) amounted to EUR 6.0 million in the reporting period (previous year: EUR 6.2 million). The result for the period was of EUR 0.5 million (previous year: EUR 0.1 million). The profit share for noncontrolling interests is EUR 0.2 million (EUR 0.3 million). Earnings attributable to the shareholders of Deufol SE amounted to EUR 0.3 million in the period under review, compared to - EUR 0.3 million in the same period in the previous year. Earnings per share were EUR 0.007 in 2013 (previous year: - EUR 0.006). Financial position: Strong operating cash flow - Financial indebtness decreased The operating cash flow amounted to EUR 17.2 million in the period under review and was thus higher than in the previous year (EUR 16.0 million). In the past fiscal year the financial liabilities of the Deufol Group clearly decreased, from EUR 70.9 million to EUR 62.8 million. Net financial liabilities - defined as the total financial liabilities less financial receivables and cash - decreased less strongly, by EUR 4.8 million from EUR 55.0 million on December 31, 2012 to EUR 50.2 million at the end of the period under review. This was due to the decrease in cash held (- EUR 2.3 million) and lower financial receivables (- EUR 1.0. million). Key data of the year 2013 figures in EUR million 2013 2012 change(%) Sales 318.7 333.0 (4.5) EBITDA 14.8 15.0 (1.4) EBIT(A) 6.0 6.2 (2.6) EBT 2.7 2.8 (3.0) Income from continuing operations 0.5 0.4 17.7 Loss from discontinued operation 0 (0.3) n/m Income for the period 0.5 0.1 624.3 of which attributable to noncontrolling interests 0.2 0.3 (46.7) of which attributable to equity holders of parent 0.3 (0.3) n/m Earnings per share (EUR) 0.007 (0.006) n/m Operating cash flow 17.2 16.0 7.4 Investments in tangible assets 9.0 8.7 3.1 Net financial liabilities 50.3 55.0 (8.6) Employees (average) 2.704 2.764 (2.6) Outlook For fiscal year 2014 the Deufol Group plans sales in a corridor between EUR 290 million and EUR 310 million. Its operating result (EBITDA) will be between EUR 14 and 16 million. With regard to our results forecast, we expect our core business in the USA to increase. This reflects improvements in our contracts with our Automated Packaging customers which will now be reflected over the course of a full year for the first time. In the Rest of Europe we expect slightly improving results, now that one-off expenses in Belgium are no longer applicable. In Germany, we likewise expect all of our services to report slightly improved results. The Interim Report for the first quarter of 2014 will not be published on May 15, 2014 but on May 22, 2014. Contact: Deufol SE Claudia Ludwig Johannes-Gutenberg-Strasse 3-5 65719 Hofheim (Wallau) Tel.: +49 (6122) 50 1228 E-mail: [email protected] 30.04.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deufol SE Johannes-Gutenberg-Straße 3-5 65719 Hofheim (Wallau) Germany Phone: +49 (6122) 50 1228 Fax: +49 (6122) 50 1300 E-mail: [email protected] Internet: www.deufol.com ISIN: DE000A1R1EE6 WKN: A1R1EE Indices: CDAX, Classic All Share, DAXsector All Transportation & Logistics, DAXsector Transportation & Logistics, DAXsubsector All Logistics, DAXsubsector Logistics, Prime All Share Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------