Munich, January 21, 2008
AURELIUS is satisfied with the positive business development –
Management board confirms the prognosis for 2007 and gives a positive outlook for 2008
The Munich based listed industrial holding AURELIUS AG is very satisfied with the business development of the past fiscal year. It altogether acquired eight companies in 2007, four of them during the last four months. By now, sales on an annual basis exceed EUR 650m. Given these positive developments, the management board confirms its prognosis for the fiscal year 2007 of at least EUR 310m in sales, EUR 55m in EBITDA and EUR 37m in annual net income after minorities.
In view of the current slow-down of the economy and of increasing credit restrictions, AURELIUS assumes that it will be able to purchase companies at attractive prices also in the coming months. “At present, we are looking at more than 40 investment opportunities. There is a multitude of attractive targets due to the current reserved bank lending policy“, comments Dr. Dirk Markus, CEO of AURELIUS.
The management board’s forecast for the business year 2008 predicts sales on an annual basis of more than EUR 1 bn. Annual net income is also expected to be significantly higher than in 2007.
To prepare the AURELIUS organization for the expected growth, the supervisory board already decided on an expansion of the management board last December, appointing Donatus Albrecht and Ulrich Radlmayr as new management board members with effect from January 1, 2008. Donatus Albrecht has been leading the acquisitions department at AURELIUS for almost two years and will continue to assume the responsibility for this department also in his function as board member. Ulrich Radlmayr will be in charge of the finance, legal and tax department.
All executive board members are committed to AURELIUS and bound by contract on a long-term basis.
In addition to the further development of its operative business, AURELIUS focuses on the intensification of capital market communication and of a regular dialogue with institutional investors this year. Furthermore visibility and liquidity of the share is to be improved by changing into the Prime standard.
AURELIUS AG, Munich (www.aureliusinvest.com), acquires mid-sized companies and corporate spin-offs which are no longer part of the core business of the previous owner. AURELIUS acquires companies even when they are in difficult and complex situations and actively grows and develops them. Using its own specialized Task Force, AURELIUS increases the value of its investments to the benefit of all parties, with particular awareness given to its social responsibility. The shares of AURELIUS AG trade under code AR4 (ISIN: DE000A0JK2A8) on the Open Market of the Frankfurt Stock Exchange.
Contact
AURELIUS AG
Investor Relations & Corporate Communication
Ingo Middelmenne
phone. +49 (0)89.5447.99.0
investor(at)aureliusinvest.de
