22.05.2014
Deufol SE DE000A1R1EE6
DGAP-News: Deufol SE: Results of the First Quarter 2014
DGAP-News: Deufol SE / Key word(s): Quarter Results
Deufol SE: Results of the First Quarter 2014
22.05.2014 / 11:05
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PRESS RELEASE
Deufol SE: Results of the First Quarter 2014
- Sales EUR 71.0 million (previous year EUR 76.4 million)
- EBITDA 2.9 million (previous year EUR 2.0 million)
- EBITA 1.1 million (previous year EUR 0.1 million)
- Net profit ‒ EUR 0.1 million (previous year ‒ EUR 1.3 million)
Hofheim, May 22, 2014
Sales trend
At EUR 71.0 million, total sales in the first quarter of 2014 were 7.2 %
lower than in the same period in the previous year. Adjusted for changes to
the scope of consolidation, the change amounts to - 4.1 %. Also adjusted
for the depreciation of the US dollar versus the euro, which averaged 3.7
%, this decline amounts to 3.4 %. In Germany (including the holding
company), sales amounted to EUR 39.7 million (previous year: EUR 43.3
million). Around EUR 2.5 million of this decline in the volume of sales is
attributable to changes to the scope of consolidation. In the Rest of
Europe, Deufol realized sales in the amount of EUR 18.3 million (previous
year: EUR 20.6 million). In the USA / Rest of the World segment, sales rose
to EUR 13.0 million (previous year: EUR 12.5 million).
Income significantly above previous year
Earnings before interest, taxes, depreciation and amortization (EBITDA)
were EUR 2.9 million in the first quarter (previous year: EUR 2.0 million).
Depreciation of tangible assets and amortization of other intangible assets
decreased from EUR 1.9 million to EUR 1.8 million.
The operating result (EBITA) amounted to EUR 1.1 million and was thus
significantly higher than the previous year's figure of EUR 0.1 million.
The results for the individual segments are not directly comparable with
the previous year, due to higher intragroup transfer payments. However, for
the purpose of improved comparability the adjusted results are indicated in
brackets. The individual segments developed as follows in the first three
months of the year: In Germany, EBITA amounts to EUR 0.6 million (adjusted:
EUR 1.8 million), compared to a figure in the previous year of EUR 1.7
million. In the Rest of Europe, EBITA amounted to EUR 0.5 million
(adjusted: EUR 0.7 million), compared to EUR 0.8 million in the previous
year. The USA / Rest of the World segment realized a result of EUR 0.2
million (adjusted: EUR 0.3 million), compared to - EUR 0.8 million in the
previous year. The EBITA loss realized by Deufol SE (the holding company)
fell to EUR 0.2 million (adjusted: EUR 1.7 million), compared to EUR 1.6
million in the previous year. This was mainly due to higher intragroup
transfer payments.
The result for the period amounted to - EUR 0.1 million (previous year: -
EUR 1.2 million). After deduction of the loss shares of noncontrolling
interests (EUR 0.01 million), there is a net loss of EUR 0.1 million
(previous year: EUR 1.3 million) attributable to the shareholders of Deufol
SE. Earnings per share in the first three months were - EUR 0.002 (previous
year: EUR 0.029).
Financial position
In the first three months, the cash flow provided by operating activities
amounted to - EUR 2.4 million and was thus higher than the level in the
previous year (- EUR 3.2 million).
The financial liabilities of the Deufol Group increased in the first three
months of the fiscal year by EUR 3.4 million to EUR 66.2 million. As cash
and financial receivables simultaneously decreased (- EUR 2.3 million), the
net financial liabilities rose somewhat more strongly, by EUR 5.7 million
from EUR 50.3 million at the end of the year to EUR 56.0 million.
Key data of the first quarter 2014
figures in EUR thousand Q1 2014 Q1 2013 change (%)
Sales 70,959 76,443 (7.2)
EBITDA 2,858 1,980 44.3
EBIT(A) 1,063 71 n/m
EBT 258 (678) n/m
Income for the period (92) (1,244) (92.6)
of which attributable to noncontrolling
interests (6) 22 n/m
of which attributable to equity holders of
parent (86) (1,266) (93.2)
Earnings per share (EUR) (0.002) (0.029) (93.2)
Operating cash flow (2,437) (3,221) (24.3)
Investments in tangible assets 1,945 1,292 50.5
Net financial liabilities 55,962 60,559 (7.6)
Employees (average) 2,469 2,694 (8.4)
Outlook - Planning confirmed
Deufol SE confirms its planning figures published for fiscal year 2014 in
its annual financial report 2013. These envisage sales of between EUR 290
million and EUR 310 million and an operating result (EBITDA) of between EUR
14 million and EUR 16 million.
Contact:
Deufol SE
Claudia Ludwig
Johannes-Gutenberg-Strasse 3-5
65719 Hofheim (Wallau)
Tel.: +49 (6122) 50 1228
E-mail: [email protected]
End of Corporate News
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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 News DGAP News-Service
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