Earnings Release • Feb 20, 2009
Earnings Release
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Corporate | 20 February 2009 11:02
AURELIUS successfully concludes growth year 2008
AURELIUS AG / Preliminary Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Munich, 20 February 2009 - Munich-based industrial holding AURELIUS
continued to grow profitably in fiscal year 2008. According to the
preliminary figures released today sales from continued operations rose to
about 580 million euro (previous year 266 million euro). Earnings before
interest, taxes, depreciation and amortization (EBITDA) increased to more
than 70 million euro (previous year 64 million euro). Most notably, the
operational proportion of earnings increased significantly. While in 2007
bargain purchase was still responsible for about 90 percent of EBITDA, its
proportion of EBITDA decreased to about 20 percent or roughly 14 million
euro in 2008.
The positive business development is also reflected in the financially
sound situation of the company. Cash and cash equivalents as of 31 December
2008 increased to 73 million euro (previous year 39 million euro).
Shareholders' equity almost doubled to about 150 million euro (previous
year 75 million euro) and thus is well above the market capitalization of
AURELIUS AG of currently round about 100 million euro.
Dr Dirk Markus, CEO of AURELIUS, sees the company well on track: 'Despite a
difficult economic environment, AURELIUS advanced significantly in 2008.
Our operational and financial strength now gives us the opportunity to
benefit from the current market. We want to keep growing in a cash flow
positive and profitable manner and the current crisis provides us with
optimal conditions for doing so.'.
The complete 2008 annual report as well as a detailed outlook on the
expected performance for the current fiscal year will be published by the
end of March.
For further information on AURELIUS please contact:
Ingo Middelmenne
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 56
Fax +49 (89) 544799 - 55
[email protected]
About AURELIUS AG
Munich-based AURELIUS AG acquires medium-sized companies and business units
that no longer belong to the core business of their previous owners.
AURELIUS acquires companies even in complex situations and actively
develops them. Through its operational in-house team, AURELIUS enhances the
value of its portfolio companies to the benefit of all stakeholders taking
into account corporate and social responsibility. The shares of AURELIUS AG
are traded on the open market of the Frankfurt stock exchange (ISIN:
DE000A0JK2A8).
20.02.2009 Financial News transmitted by DGAP
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