Deufol SE / Key word(s): Quarter Results 14.05.2013 17:42 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deufol SE: Results of the First Quarter 2013 - Sales EUR 76.4 million (previous year EUR 79.4 million) - EBITDA 2.0 million (previous year EUR 3.7 million) - EBITA from continuing operations 0.1 million (previous year EUR 1.4 million) Hofheim, May 14, 2013 Sales trend At EUR 76.4 million, total sales in the first quarter of 2013 were 3.7 % lower than in the same period in the previous year. Adjusted for the slight depreciation of the US dollar versus the euro which averaged 0.7 %, this decline amounts to 3.6 %. In Germany (including the holding company), sales were at EUR 43.3 million 5.9 % lower than in the same quarter in the previous year. Around two-thirds of the decline in sales is attributable to the closure of the Euskirchen location. In the Rest of Europe, sales rose by 3.1 % to EUR 20.6 million. In the USA/Rest of the World, sales were 6.5 % lower than in the previous year, at EUR 12.5 million. Income trend Earnings before interest, taxes, depreciation and amortization (EBITDA) were EUR 2.0 million in the first quarter (previous year: EUR 3.7 million). Depreciation of tangible assets and amortization of other intangible assets decreased from EUR 2.2 million to EUR 1.9 million. The operating result (EBITA) amounted to EUR 0.1 million and was thus lower than the previous year's figure of EUR 1.4 million. This result includes one-off expenses in the amount of EUR 0.5 million in connection with the EUR 26 million action for damages versus former managers of the company. In the same quarter in the previous year, these expenses totaled EUR 1.10 million and were mainly incurred by the holding company. The individual segments developed as follows in the first three months of the year: In Germany, EBITA amounts to EUR 1.7 million (previous year: EUR 2.5 million). The lower results are mainly attributable to a lower volume of business at two key locations. Customer business has picked up more slowly here than in the previous year. In addition, the moderate economic trend and the tough winter have curbed business development in the first quarter. This has particularly affected our outdoor packaging activities. In the Rest of Europe, EBITA fell from EUR 1.0 million to EUR 0.8 million. This was mainly due to lower results for our Belgian location in Tienen. The USA/Rest of the World segment realized a result of - EUR 0.8 million (previous year: - EUR 0.3 million). Data Packaging suffered here following the cancellation of orders from a major client. The EBITA loss of Deufol SE (the holding company) was EUR 1.6 million, compared to EUR 1.7 million in the previous year. The result for the period amounted to - EUR 1.2 million (previous year: EUR 0.2 million). After deduction of the profit shares of noncontrolling interests (EUR 0.02 million), there is a net loss of EUR 1.3 million (previous year: profit of EUR 0.1 million) attributable to the shareholders of Deufol SE. Earnings per share in the first three months were - EUR 0.029 (previous year: EUR 0.002). Financial position In the first three months, the cash flow provided by operating activities amounted to - EUR 3.2 million and was thus lower than the level in the previous year (EUR 5.7 million). This decrease is mainly attributable to the EUR 7.3 million decrease in trade payables in the first quarter of 2013. The financial liabilities of the Deufol Group increased in the first three months of the fiscal year by EUR 4.5 million to EUR 75.4 million. As cash and financial receivables simultaneously decreased (- EUR 1.1 million), the net financial liabilities rose somewhat more strongly, by EUR 5.6 million from EUR 55.0 million at the end of the year to EUR 60.6 million. Key data of the first quarter 2013 figures in EUR thousand 2013 2012 change(%) Sales 76,443 79,407 (3.7) EBITDA 1,980 3,657 (45.9) EBIT(A) 71 1,437 (95.1) Adjusted EBIT* 539 2,537 (78.8) EBT (678) 813 n/m Income from continuing operations (1,244) 168 n/m Loss from discontinued operation 0 (14) n/m Income for the period (1,244) 154 n/m of which attributable to noncontrolling interests 22 79 (72.2) of which attributable to equity holders of parent (1,266) 75 n/m Earnings per share (EUR) (0.029) 0.002 n/m Operating cash flow (3,221) 5,730 n/m Investments in tangible assets 1,292 3,331 (61.2) Net financial liabilities 60,559 56,553 7.1 Employees (average) 2,694 2,693 0.0 * The adjusted EBIT for 2013 is adjusted for one-off expenses (EUR 0.47 million) and in 2012 for one-off expenses of EUR 1.1 million Outlook - Planning confirmed Deufol SE confirms its planning figures published for fiscal year 2013 in its annual financial report. These envisage sales of between EUR 310 million and EUR 325 million and an operating result (EBITDA) of between EUR 18 million and EUR 20 million. Contact: Deufol SE Claudia Ludwig Johannes-Gutenberg-Strasse 3-5 65719 Hofheim (Wallau) Tel.: +49 (6122) 50 1228 E-mail: [email protected] 14.05.2013 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 ---------------------------------------------------------------------------