DGAP-News: AURELIUS publishes good earnings for Q1 2017

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Quarter
Results
AURELIUS publishes good earnings for Q1 2017

02.05.2017 / 07:00
The issuer is solely responsible for the content of this announcement.

------------------------------------------------------------------------------

AURELIUS publishes good earnings for Q1 2017

- Quarterly figures positively impacted by the first-time consolidation of
Office Depot Europe

- EBITDA for the combined group nearly tripled at EUR 293.2 million (Q1 2016:
EUR 101.2 million)

- Operating EBITDA rises 69 percent for Group entities to EUR 41.3 million (Q1
2016: EUR 24.5 million)

- Successful SECOP exit: dividend proposal increased to EUR 4.00 per share,
new share repurchase program launched

Munich, May 2, 2017 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN
DE000A0JK2A8) published figures today for the first quarter of 2017. Total
consolidated revenues increased by 68 percent to EUR 1,153.8 million (Q1 2016:
EUR 684.6 million). At EUR 4,052.4 million, consolidated revenues on an
annualized basis also increased considerably (Q1 2016: EUR 2,640.6 million).

EBITDA for the combined group increased disproportionately in the first
quarter of 2017 to EUR 293.2 million (Q1 2016: EUR 101.2 million). As a result
of the very good operating performance of the Group entities, in particular by
Getronics, Studienkreis, HanseYachts AG, and SECOP, operating earnings before
interest, tax, depreciation and amortization (EBITDA) for the combined group
increased by 69 percent to EUR 41.3 million in the first quarter of 2017 (Q1
2016: EUR 24.5 million).

EBITDA for the combined group also includes income from the reversal of
negative goodwill from capital consolidation ("bargain purchase") in the
amount of EUR 265.1 million from the entities acquired in the first quarter of
2017 (Q1 2016: EUR 27.3 million). In particular, the European business
activities ("Office Depot Europe") of U.S.-based Office Depot, Inc., acquired
as of January 1, 2017, contributed to this. The purchase price allocations for
the entities acquired in the first quarter of 2017 are not yet completed and
are therefore provisional.

At the end of April 2017, AURELIUS announced the sale of its subsidiary SECOP
to the Nidec Group, which is based in Kyoto (Japan). With this sale, AURELIUS
increased the capital it invested by around 11 times. AURELIUS will realize a
positive impact on earnings of around EUR 100 million from this sale.

In light of this successful transaction and based on well-advanced plans for
additional sales in the coming months, the Executive Board will double its
dividend proposal for the Annual General Meeting to EUR 4.00 per share (EUR
1.00 base dividend plus a EUR 3.00 special dividend per share) (from
previously EUR 2.00 per share (EUR 1.00 base dividend plus a EUR 1.00 special
dividend per share)). This signifies an increase of 63 percent compared with
previous year (EUR 2.45 per share).

A new share repurchase program in the total amount of up to EUR 50 million was
also started on April 27, 2017.

Liquid funds amounted to EUR 473.8 million as of March 31, 2017 (December 31,
2016: EUR 416.4 million); the equity ratio was 26.6 percent (December 31,
2016: 27.1%). The net asset value of Group entities increased to EUR 1,437.0
million (December 31, 2016: EUR 1,420.9 million).

Key figures (in EUR millions)

                                               1/1 - 3/31/2017 1/1 - 3/31/2016
Total consolidated revenues                            1,153.8           686.4
Consolidated revenues (annualized) ¹                   4,052.4         2,640.6
EBITDA combined group                                    293.2           101.2
of which negative goodwill                               265.1            27.3
from capital consolidation ("bargain                                          
purchase")
of which restructuring and non-recurring                 -13.2            -8.2
expenses
of which income from the disposal of equity                -/-            57.6
investments in excess of the carrying amounts
EBITDA combined group operating                           41.3            24.5
                                                  3/31/2017      12/31/2016
Liquid funds                                             473.8           416.4
Equity ratio² (in %)                                      26.6            27.1

 

¹ From continuing operations.

² Incl. non-controlling interests.

Net Asset Value of AURELIUS Group entities (in EUR millions)

Group entities            NAV as of 3/31/2017
IT Services and Systems                 221.7
Chemicals                               162.2
Education and Training                  118.4
Health and Beauty Care                   54.5
Retail and Consumer Goods               212.5
Construction                             51.1
Industrial                              258.8
Hospitality                              45.4
Other                                   312.4
Total                                 1,437.0

 

ABOUT AURELIUS
AURELIUS Group is a pan-European asset manager with offices in Munich, London,
Stockholm and Madrid. Over the last ten years AURELIUS has grown from a local
turnaround investor to an international multi-asset manager investing in a
wide range of sectors and across the capital structure.

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker
Symbol: AR4) represents the listed entity within the AURELIUS Group that
focusses on investing in Special Situations and MidMarket transaction
opportunities. AURELIUS Equity Opportunities currently has 24 portfolio
companies located across Europe which employ around 25,000 people and generate
annual revenues of more than EUR 4.0 billion. The shares of AURELIUS Equity
Opportunities are traded on all German stock exchanges.

With its group charity AURELIUS Refugee Initiative, AURELIUS provides
comprehensive support for refugees on their way towards a better life.

To find out more, visit www.aureliusinvest.com

CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: investor@aureliusinvest.de

Contact:
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: investor@aureliusinvest.de

------------------------------------------------------------------------------

02.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

------------------------------------------------------------------------------

Language: English
Company:  AURELIUS Equity Opportunities SE & Co. KGaA
          Ludwig-Ganghofer-Straße 6
          82031 Grünwald
          Germany
Phone:    +49 (0)89 544 799-0
Fax:      +49 (0)89 544 799-55
E-mail:   info@aureliusinvest.de
Internet: www.aureliusinvest.de
ISIN:     DE000A0JK2A8
WKN:      A0JK2A
Listed:   Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate
          Exchange; Open Market in Frankfurt


 
End of News DGAP News Service


569077  02.05.2017 

fncls.ssp?fn=show_t_gif&application_id=569077&application_name=news&site_id=bloomberg8
Press spacebar to pause and continue. Press esc to stop.