Aurelius SE & Co. KGaA

Earnings Release • Nov 24, 2010

News Details

Corporate | 24 November 2010 08:30

AURELIUS remains on track for solid growth

AURELIUS AG / Key word(s): Quarter Results

24.11.2010 08:30

AURELIUS remains on track for solid growth

• Group revenues of 624.5 million euros (+ 17 per cent in the first nine
  months)
• Operating Cash Flow of 31.2 million euros (previous year -37.3 million
  euros)
• Cash and cash equivalents of 162.1 million euros provide solid base for
  further growth

Munich, 24 November 2010 - The industrial holding AURELIUS AG (ISIN:
DE000A0JK2A8) continues to grow in the first nine months of 2010. Group
revenues increased by 17 per cent to 624.5 million euros (previous year:
532.8 million euros). These figures do not include the shipping company
Peter Deilmann and their cruise liner MS DEUTSCHLAND whose closing took
place on 5 October and the acquisition of the Danfoss Household Compressors
Group concluded on 5 November 2010. As of 29 November 2010 the Danfoss
Household Compressors Group will operate under the name of 'Secop' and
launch a completely new brand.

In the fourth quarter both groups will be included in the consolidated
financial statement of AURELIUS AG for the very first time. Due to the
acquisition of these companies as well as of the French ISOCHEM Group in
March 2010 the annualised group revenues have clearly exceeded the one
billion mark. With cash and cash equivalents of 162.1 million euros (31
December 2009: 155.6 million euros) and a constant equity ratio of 34 per
cent compared to fiscal year 2009 AURELIUS has strong financial power for
its further growth.

Earnings before interest, tax, depreciation and amortisation (EBITDA)
totaled 50.7 million euros during the reporting period (previous year:
158.7 million euros) with their reduction mainly resulting from the lower
earnings of the reversal of negative goodwill recognised on subsidiaries
('bargain purchase') on a year-on-year comparison.
In the fourth quarter a considerably positive effect is expected due to the
acquisition of the Danfoss Household Compressors Group. Furthermore, the
current EBITDA already includes the negative one-off effects of 9.6 million
euros (previous year: 11.0 million euros) caused by restructuring expenses
from the portfolio companies. Operating cash flow rose to 31.2 million
euros (previous year: -37.3 million euros) in the first nine months of
2010.

AURELIUS AG
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor@aureliusinvest.de

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