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Aumann AG
Earnings Release • Aug 23, 2019
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Earnings Release
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News Details
Corporate | 23 August 2019 07:32
Aumann AG: Aumann experiences investment restraint of automotive market in first half-year, but increases E-mobility revenues
DGAP-News: Aumann AG / Key word(s): Quarterly / Interim Statement
23.08.2019 / 07:32
The issuer is solely responsible for the content of this announcement.
Beelen, 23 August 2019
Aumann AG (“Aumann”, ISIN: DE000A2DAM03) matched previous year’s revenue level at EUR133.5 million in the first half of 2019, but grew revenues in the E-mobility segment by 16.0%. As a result of automotive OEM’s reluctance to invest, order intake declined to EUR86.1 million in the first half of the year. Aumann’s EBIT margin was down on the previous year at 8.6%, in particular due to increased customer cost sensitivity.
Against the background of declining vehicle sales and uncertain forecasts on the global automotive market, a pronounced reluctance to invest set in among car makers in the first half of 2019. Aumann felt this especially in its Classic segment, where revenue decreased to EUR76.8 million. By contrast, the E-mobility segment grew by 16.0% to EUR56.6 million, corresponding to a relative increase in its share of revenue of 5.8 percentage points to 42.4%. However, repeated postponements of contract awards also caused a decline in order intake in E-mobility to EUR38.0 million. The tenser market environment and the cost discipline this entails for car manufacturers and suppliers meant that the E-mobility segment’s EBIT margin fell to 8.9%.
Despite challenging conditions even in the E-mobility sector, the long-term trend towards electromobility is still ongoing. Among Aumann’s customers, this will increase demand for new innovative and highly automated manufacturing solutions. Aumann is excellently positioned for this in strategic terms, and is ideally equipped to further improve this position thanks to its extraordinarily high equity ratio of 63.7% and net liquidity of EUR64.6 million.
The complete financial report for the first half of 2019 is available at www.aumann.com/investor-relations.
About Aumann AG
Aumann is a world-leading manufacturer of innovative speciality machinery and automated production lines with a focus on e-mobility. The company combines unique winding technology for the highly efficient production of electric motors with decades of automation experience, particularly in the automotive industry. Leading companies around the world rely on Aumann solutions for the series production of purely electric and hybrid vehicle drives and on solutions for production automation.
Further information is available online at www.aumann.com.
Aumann AG
Dieselstrasse 6
48361 Beelen
Germany
www.aumann.com
The Managing Board
Rolf Beckhoff (CEO)
Sebastian Roll (CFO)
The Supervisory Board
Gert-Maria Freimuth (Chairman)
Christoph Weigler
Dr. Christof Nesemeier
Register Court
Münster District Court, Register number: HRB 16399
If you have any queries, please contact:
Investor Relations
André Schütz
+49 2586 888 7807
23.08.2019 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.
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| Language: | English |
| Company: | Aumann AG |
| Dieselstraße 6 | |
| 48361 Beelen | |
| Germany | |
| Phone: | +49 (0) 2586 888-7800 |
| Fax: | +49 (0) 2586 888-7805 |
| E-mail: | [email protected] |
| Internet: | www.aumann.com |
| ISIN: | DE000A2DAM03 |
| WKN: | A2DAM0 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 862079 |
| End of News | DGAP News Service |