Press releases

Munich, 9 November 2007

AURELIUS posts strong growth in third quarter - 2007 forecast raised

 

Sales increased to EUR 181.7m in the first nine months

EBITDA increased to EUR 47.0m

Net income increased to EUR 30.6m

Munich based industrial holding AURELIUS AG has been continuing its dynamic growth path. In the first nine months of 2007, AURELIUS generated sales amounting to EUR 181.7m. This is an increase of 2,995% compared to 2006. The operating profit (EBITDA) of the investment company could be increased by 2,875% to EUR 47.0m.

 

Net income for the period (after taxes and minorities) came in at EUR 30.6m after the first nine months - Free cash flow for the period increased to EUR 10.9m (prior year: EUR 0.5m).

 

The corporate figures were significantly influenced by positive and negative one-time effects: Figures were positively affected by the realisation of negative goodwill amounting to EUR 44.1m, especially due to the initial consolidation of the newly acquired investments Wellman and Quelle France. Negative effects were caused by restructuring charges as well as accruals for future restructuring in the amount of EUR 9.5m.

"We are very proud of what we have achieved so far. We were not only able to realize strong sales growth due to new acquisitions, but also to increase profits and cash flows of the existing investments at the same time", says Dr. Dirk Markus, CEO of AURELIUS. "This shows the sustainable profitability of our business model!"

 

AURELIUS to benefit from current credit market situation

The current situation of the credit markets significantly deteriorates debt financing opportunities for certain M&A transactions. "As our acquisitions are almost completely financed with equity, we are able to offer high transaction security and a rapid conclusion of transaction processes", explains Dr. Markus. "For many sellers, this is an important selection criterion. At the same time, transaction security is a very important element of our "Good Home"-approach".

 

AURELIUS raises forecast for 2007

In consideration of the very positive business developments AURELIUS again raises its annual forecast for 2007. The industrial holding anticipates annual sales of EUR 310.0m, EBITDA of EUR 55.0m and net income (after minorities) of EUR 37.0m. Management is looking towards the coming business year with great optimism.

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