Aurelius SE & Co. KGaA

Earnings Release • May 21, 2010

News Details

Corporate | 21 May 2010 08:35

AURELIUS with considerable increase in revenues in the first quarter

AURELIUS AG / Quarter Results

21.05.2010 08:35

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Press Release

AURELIUS with considerable increase in revenues in the first quarter

• Revenues rising by 33 percent to 186.6 million euros

• Cash and cash equivalents adding up to more than 168 million euros

Munich, 21 May 2010 - The Munich-based industrial holding AURELIUS AG
(ISIN: DE000A0JK2A8) has continued growing in the first quarter of the
current fiscal year. Consolidated revenues of continued operations rose by
32.8 percent to 186.6 million euros (previous year: 140.5 million euros) in
the first three months of the current fiscal year. This increase is mainly
due to the acquisition of new subsidiaries in 2009. EBITDA of 4.5 million
euros (previous year: 36.9 million euros) reflects positive operating
results from the subsidiaries. The reversal of negative goodwill recognized
on the acquisition of ISOCHEM group in the first quarter, the so-called
'bargain purchase', has not been included in the published consolidated
figures because of the still ongoing purchase price allocation. It is
expected to be a double-digit million euro amount. EBITDA does already
include negative one-off effects caused by restructuring expenses from the
subsidiaries, totalling 3.9 million euros (previous year: 4.1 million
euros).

Operating cash flow added up to 5.8 million euros in the first quarter of
FY 2010 (previous year: -22.0 million euros). Cash and cash equivalents
rose to 168.2 million euros (31 December 2009: 155.6 million euros). Equity
ratio remained stable at 34 percent compared to the end of fiscal year
2009. 'Due to its increased financial power AURELIUS is very well
positioned to realise its opportunities on the market,' says Dr Dirk
Markus, CEO of AURELIUS AG.

In the first quarter AURELIUS completed the acquisition of chemical group
ISOCHEM from French state-owned GROUPE SNPE. ISOCHEM is a leading provider
of fine chemicals as well as phosgene and phosgene derivatives for clients
of the pharmaceutical, cosmetics, agrochemical and intermediate sector. The
company recorded annual sales of 113 million euros with a total of 530
employees. Furthermore AURELIUS successfully sold its stake in home
shopping retailer Channel21.

                                           1/1-31/   1/1-31/03/

Key figures (million euros): 03/2010 2009*

Revenues 186.6 140.5 33%
EBITDA 4.5 36.9 -88%
EBIT -4.2 30.1 -114%
Share of profit attributable to shareholders
of the parent company -8.6 18.5 -146%
Operating cash flow 5.8 -22.0 126%

                                         31/03/2010  31/12/2009

Cash and cash equivalents 168.2 155.6 8%
Equity ratio 34% 34% -/-

* The figures of the previous year were adjusted according to IFRS 5.

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

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