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Aurelius SE & Co. KGaA
Earnings Release • Jul 6, 2017
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Earnings Release
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News Details
Ad-hoc | 6 July 2017 22:29
Executive Board of AURELIUS raises earnings forecast for the current business year 2017
AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Forecast
06-Jul-2017 / 22:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information according to Article 17 MAR
Key word(s): Raising of Forecast
Executive Board of AURELIUS raises earnings forecast for the current business year 2017
München, 6 July 2017 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) raises its earnings forecast for the current business year 2017. The Executive Board of AURELIUS Equity Opportunities expects to end the current business year 2017 with an EBITDA for the combined group of more than EUR 650 million (previously: more than EUR 500 million).
The reason for raising the forecast is the successful sale of AURELIUS’ subsidiary Getronics to strategic investor Bottega InvestCo S.à r.l., Luxembourg. With the sale, AURELIUS was able to achieve a cash multiple from invested capital of approx. 18.5x. According to provisional calculations, the transaction will presumably have a positive effect on AURELIUS’ 2017 EBITDA for the combined group of approx. EUR 160 million.
Contact:
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
Information and Explanation of the Issuer to this News:
ABOUT AURELIUS
AURELIUS Group is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Over the last ten years AURELIUS has grown from a local turnaround investor to an international multi-asset manager investing in a wide range of sectors and across the capital structure.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4) represents the listed entity within the AURELIUS Group that focusses on investing in Special Situations and MidMarket transaction opportunities. AURELIUS Equity Opportunities currently has 24 portfolio companies located across Europe which employ around 25,000 people and generate annual revenues of more than EUR 4.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.
With its group charity AURELIUS Refugee Initiative, AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.com
06-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | AURELIUS Equity Opportunities SE & Co. KGaA |
| Ludwig-Ganghofer-Straße 6 | |
| 82031 Grünwald | |
| Germany | |
| Phone: | +49 (0)89 544 799-0 |
| Fax: | +49 (0)89 544 799-55 |
| E-mail: | [email protected] |
| Internet: | www.aureliusinvest.de |
| ISIN: | DE000A0JK2A8 |
| WKN: | A0JK2A |
| Listed: | Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt |
| End of Announcement | DGAP News Service |