Earnings Release • Aug 20, 2008
Earnings Release
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Corporate | 20 August 2008 09:57
CFC Industriebeteiligungen presents interim report on the first half year
CFC Industriebeteiligungen GmbH & Co. KGaA / Interim Report/Half Year Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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CFC Industriebeteiligungen presents interim report on the first half year
2008
Development of earnings of business right on schedule
EBITDA from operations at EUR 1.3 million distinctly positive
Partial sale of portfolio to Greenpark proofs investment approach and
offers additional opportunity for new acquisitions
Dortmund, August 20, 2008
CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6), Dortmund,
generated a distinctly positive result from operations in the first half of
the fiscal year 2008. Group sales increased to more than EUR 64.9 million.
The operating earnings before interest, taxes, depreciation and
amortization (EBITDA) amounted to EUR 1.3 million. The group result (after
taxes, including minorities) came down EUR -2.7 Mio. due to seasonal
effects. The result includes a single one-time effect from the capital
consolidation of negative differences ('bargain purchases') of acquired
kitchen supplier MEF Möbel-Elemente-Franz GmbH in the amount of EUR 0.4
million.
In the second quarter of the year 2008, CFC Industriebeteiligungen GmbH &
Co. KGaA gave proof of the fact that its investment approach and its
restructuring work are considered extremely successful and promising by
third parties as well. With the partial sale of 49 % of its portfolio
companies to funds of the English investor Greenpark Capital Ltd. CFC
achieved a purchase price of EUR 22,5 million and by this a return of the
total invested capital of 120 % within 13 months of holding. As the
transaction was completed end of July 2008 the results are not included in
the half year fiscal results.
Mr. Marcus Linnepe, CEO of CFC Industriebeteiligungen, comments: 'We have
thus topped off the added value chain of an industrial holding company as
we have shown that we cannot only acquire and restructure companies but
that our commitment leads to high returns through sale as well. We are
happy about this result, and we are happy for our shareholders in
particular. We will use the received funds to follow our investment
approach and continue the success story.'
You can receive the interim report on first quarter results under the
following link:
http://www.cfc-eu.com/en/investor_relations/finanzberichte/index_html
Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 222 40 501
eMail: [email protected]
Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Westfalendamm 9
44141 Dortmund
Deutschland
Phone: +49 (0)231-95 25 373
Fax: +49 (0)231-95 25 45
E-mail: [email protected]
Internet: www.cfc-eu.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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