PIERER Mobility AG

Earnings Release • Mar 16, 2016

publication: 16.03.2016 12:40 source: http://adhoc.pressetext.com/news/1458128400396 keywords: CROSS Industries AG / annual result / Business year 2015

Adhoc announcement according to article 48d section 1 BörseG

CROSS Industries AG: CROSS Group 2015 still on record course! All time high in revenues and profit

Wels (pta020/16.03.2016/12:40) - Revenues: 1,223.6 mEur / + 13% to previous year

EBIT: 112.9 mEur / + 21% to previous year

Increase of the number of employees: + 501 employees

Positive outlook for business year 2016

Revenues and earnings in the business year 2015

In the business year 2015 the CROSS Industries Group surpassed the one billion mark again and generated revenues in the amount of 1,223.6 mEur (+13%), after 1,086.3 in the previous year. EBIT increased to a new record level and amounted to 112.9 mEur (+21%), after 93.0 mEur in the previous year. The profit after taxes amounted to 65.0 mEur (+14%). In the business year 2015 the focus was again on the strategic development of the majority interests.

	Revenues	EBIT
KTM AG	1,022.5	95.1
Pankl Racing	173.6	10.2
Systems AG
WP AG	144.6	9.7

The group companies achieved the following revenues and operating earnings in the business year 2015 (in mEur):

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Increase of the number of employees: + 501 employees

The employee development within the group is very positive. In the business year 2015 additional 501 employees could be hired, thereof 446 in Austria. As of December 31, 2015 the number of employees amounted to 4,553.

Streamlining of the Group structure and conclusion of long-term financing

After the company's streamlining of the Group structure, restructurings and after the successful merger of CROSS Industries AG with BF HOLDING AG in the business year 2015, CROSS Industries AG still continues to focus intensively on the automotive niche areas. In July 2015 the long-term financing was restructured and debt capital (with maturities between 5 and 10 years) in the amount of 86.5 mEur was raised. This liquidity mainly served to prematurely repurchase the perpetual bond in the amount of 59 mEur, which had been classified as equity capital until the repayment of the bond.

Dividend payout

At the Annual General Meeting on April 27, 2016, the Management Board will propose the payment of a dividend of Eur 0.03 per share. With 225,386,742 shares entitled to dividend, this would result in a dividend payout of approx. 6.8 mEur.

Positive outlook for the business year 2016

In the business year 2016 the CROSS Industries Group further concentrates on organic growth in all core areas. Based on the current order situation, the Management expects a continuing positive development of the business performance.

Key figures

Earnings figures		2014	2015	Chg. in %
Revenues	mEur	1,086.3	1,223.6	13
EBITDA	mEur	148.1	178.4	20
EBIT	mEur	93.0	112.9	21
EBITDA margin	in %	13.6%	14.6%	-
EBIT margin	in %	8.6%	9.2%	-
Balance sheet		31.12.2014	31.12.2015	Chg. in %
figures
Balance sheet total	mEur	1,031.1	1,177.6	14
Equity	mEur	370.9	386.6	4
Equity ratio	in %	36.0%	32.8%	-
Net debt	mEur	315.1	387.4	23
Gearing	in%	85.0%	100.2%	-

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From April 6, 2016 the annual financial report will be available on our website www.crossindustries.at under the link http://www.crossindustries.at/index.php/en/ir/berichte/annualfinancialreports. http://www.crossindustries.at/index.php/en/ir/berichte/annualfinancialreports.

Further information:

Investor Relations

Michaela Friepeß

Tel.: +43 (0)7242 / 69402

info@crossindustries.at

emitter:	CROSS Industries AG Edisonstraße 1 4600 Wels Austria
contact person:	Mag. Michaela Friepeß
phone:	+43 7242 69402
e-mail:	info@crossindustries.at
website:	www.crossindustries.at
ISIN(s):	AT0000500913 (bond), AT0000820659 (share), AT0000A0WQ66 (bond)
stock exchanges:	official trade in Vienna; open market (free market) in Frankfurt

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