UET United Electronic Technology AG

Earnings Release • Oct 21, 2010

News Details

Corporate | 21 October 2010 09:30

In the 3rd quarter of 2010 CFC Industriebeteiligungen AG continues the positive trend of the first six months

CFC Industriebeteiligungen AG / Key word(s): Interim Report/Quarter Results

21.10.2010 09:30

++ EBITDA in the 3rd quarter at EUR 1.0mn (2009: EUR -5.8mn)

++ EBITDA after nine months at EUR 3.3mn (2009: EUR -23.5mn)

++ Revenue after nine months with EUR 59.1mn approx. 23.5 percent above
the comparable period of the previous year

++ Cash flow from operating activities after nine months increases to EUR
5.0mn

Dortmund, October 21st, 2010

In the third quarter of 2010, CFC Industriebeteiligungen AG (ISIN:
DE000A0LBKW6), Dortmund, has continued the already positive trend of the
first half of 2010 and, once again, confirmed the operative turnaround. CFC
draws up the balance exclusively according to German GAAP.

In the third quarter, an EBITDA of EUR 1.0mn has been generated, compared
to minus EUR 5.8mn in the same period of the previous year. For the first
nine months of fiscal year 2010, EBITDA sums up to a total of EUR 3.3mn. By
comparison: In the first nine months of 2009 the group had a negative
EBITDA of EUR 23.5mn. Influenced by reductions in inventories the group's
net income in the first nine months of fiscal year 2010 amounted to minus
EUR 0.1mn, after minus EUR 31.7mn in the same period of the previous year.

Group sales for the first three quarters of 2010 in the amount of EUR
59.1mn exceed the sales volume today's portfolio companies generated in the
same period of the previous year by 23.5 percent.

On September 30th 2010, total equity of the group amounted to EUR 12.7mn,
compared to roughly EUR 12.6mn at the end of fiscal year 2009. The equity
ratio of the group equals approx. 24.3 percent.

The cash flow from operating activities was with EUR 5.0mn significantly
positive in the first nine months of 2010, compared to minus EUR 18.7mn in
the same period of 2009. Cash and cash equivalents in the group further
increased and amounted to roughly EUR 7.0mn on September 30th 2010.

CFC continuously feels vindicated in the course it adopted in 2009 - the
concentration on its core segments - by the results of the third quarter
and finds itself well positioned for the future. In the next months, the
achieved results on the portfolio company level will be further developed
and the portfolio, by means of acquisitions, specifically enhanced.

The accounts for the third quarter are available for download at the
company website (http://www.cfc.eu.com) under Investor Relations/Financial
Reports.

Contact:

CFC Industriebeteiligungen AG
Westfalendamm 9
44141 Dortmund

Jan Philipp Gieselberg

Phone: + 49 (0) 231 222 40 500
E-Mail: info@cfc.eu.com

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