Earnings Release • Jul 31, 2007
Earnings Release
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Corporate | 31 July 2007 13:05
ARQUES sells building component supplier, SKS Stakusit, to strategic investor
ARQUES Industries AG / Miscellaneous
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.
ARQUES sells building component supplier, SKS Stakusit, to strategic
investor
Starnberg, July 31, 2007 - The Starnberg-based equity investment company,
ARQUES Industries AG (ISIN DE0005156004), has sold its subsidiary, SKS
Stakusit, Duisburg, to the Gei-Immo AG, a company in the sphere of
influence of the Austrian HELLA Holding GmbH. The sales proceeds amount to
EUR 17 million and are thereby not only around EUR 16 million above the
purchase price of around EUR 1 million paid in 2005, but also above the net
asset value of EUR 16 million declared by ARQUES.
ARQUES took over SKS Stakusit, a leading European manufacturer of roller
shutters and insects protection systems, from the US-American Masco
Corporation. The company based in Duisburg was fundamentally restructured
by the ARQUES task force under the management of subsidiary manager, Dr.
Uwe Dombrowski. After the successful realignment, business activities most
recently focussed on the intensification of sales activities in France and
Spain as well as in eastern and south-eastern Europe. SKS Stakusit hereby
succeeded in substantially increasing revenues and becoming highly
profitable.
The SKS sale is the fifth exit within the last 12 months and confirms the
natural development within the ARQUES subsidiary portfolio by which a
growing number of companies are successfully restructured and become
saleable.
'This transaction illustrates that ARQUES can also successfully restructure
and sell companies in very cyclical industry surroundings such as the
building industry. The buyer profits both from the strong international
positioning and the qualitatively high-grade SKS products. We expect
further company sales in the current financial year', said Felix
Frohn-Bernau, ARQUES executive board member responsible for exits.
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround
specialist who focuses on the acquisition and the active restructuring of
companies in transitional situations, in order to develop these, with its
own team and own resources, to competitive enterprises with a positive
yield. ARQUES revitalises its subsidiaries' potential for creating value
for the benefit of all its stakeholders, taking on the relevant social
responsibility. ARQUES has made a duty of identifying underestimated
companies with reduced survivability but with high appreciation potential,
at the same time mastering complex company structures and transitional
situations. The shares of ARQUES Industries AG are traded in the regulated
market (Prime Standard) of the Frankfurt Stock Exchange under the symbol
'AQU' (ISIN: DE0005156004) and are listed in the SDAX since September 19,
2005.
Contact
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: [email protected]
Public Relations
Christian Schneider
Email: [email protected]
Tel.: +49 (0) 8151/ 651 0
DGAP 31.07.2007
Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: [email protected]
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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