Earnings Release • Jul 1, 2014
Earnings Release
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Corporate | 1 July 2014 07:00
AURELIUS publishes net asset value of Group companies for the first time
AURELIUS AG / Key word(s): Miscellaneous
01.07.2014 / 07:00
AURELIUS publishes net asset value of Group companies for the first time
– Aggregate NAV currently totals EUR 1,067.6 million
– 26 percent higher than present market capitalization
Munich, July 1, 2014 – As requested by numerous investors, the AURELIUS Group (ISIN DE000A0JK2A8) is today publishing net asset values (NAVs) for the corporate group as a whole and individual subsidiaries for the first time. At EUR 1,067.6 million, the aggregate NAV of the AURELIUS Group is well (26 percent) above the present market capitalization of around EUR 850 million. The NAV figures for the individual Group companies can be found in the table at the end of this press release. AURELIUS intends to calculate and publish the NAVs at regular intervals going forward.
The calculation was made using a discounted cash flow model taking account of the budgets of the Group companies for the next three years (2014-2016). The growth rates assumed after this detailed planning period are in a moderate range of up to 2.0 percent. The weighted average cost of capital (WACC) used as underlying discount rates was calculated as of June 2014 on the basis of individual peer groups, totaling between 5.3 and 10.2 percent. The listed Group companies Berentzen-Gruppe AG and HanseYachts AG were included with their proportionate market capitalization at the reporting date of June 30, 2014 plus a control premium of 20 percent.
Net asset value of AURELIUS Group companies:
| Group companies / units | NAV at June 30, 2014 (EUR millions) |
| Secop | 244.4 |
| UK Chemicals | 147.7 |
| Getronics Group | 110.6 |
| German Education Business | 79.4 |
| GHOTEL | 76.5 |
| ISOCHEM/Framochem Group | 61.5 |
| Fidelis HR | 51.9 |
| Connectis Switzerland | 45.0 |
| HanseYachts AG | 37.7 |
| brightONE | 34.3 |
| Berentzen | 29.4 |
| LD Didactic | 28.7 |
| Publicitas | 8.0 |
| Blaupunkt Car Radio | 5.1 |
| Other (incl. net funds) | 107.4 |
| Total | 1,067.6 |
ABOUT AURELIUS
AURELIUS has been successfully operating in the international market for company acquisitions for many years. The focus is on companies and corporate spin-offs in markets with plenty of potential for development. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation and their potential developed. Building on active operational support, the subsidiaries benefit from the management experience and financial strength of the parent company. This is what makes AURELIUS a “good home” for companies and their employees.
At present, the AURELIUS Group encompasses 20 subsidiaries around the globe with facilities in Europe, Asia and the United States. Among others, these include traditional names like Blaupunkt and Berentzen together with numerous industrial enterprises. Companies are acquired in accordance with strict investment criteria, although there is no specific industry focus. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock exchanges under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.de .
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 – 0
Fax +49 (89) 544799 – 55
End of Corporate News
01.07.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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275901 01.07.2014
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