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DGAP-News: AURELIUS posts record results in the first quarter of 2014

May 11, 2014

DGAP-News: AURELIUS AG / Key word(s): Quarter Results AURELIUS posts record results in the first quarter of 2014 12.05.2014 / 07:00 --------------------------------------------------------------------- AURELIUS posts record results in the first quarter of 2014 - Highest EBITDA in the company's history: EUR 66.2 million (+327%) - Successful exits deliver positive earnings contribution of EUR 32.0 million - Despite the exits, operating earnings were up 15% - Further improvement of balance sheet ratios and cash position - Continued high level of transaction activity Munich, May 12, 2014 - The AURELIUS Group (ISIN DE000A0JK2A8) posted the best quarterly results in the company's history in the first quarter of 2014. Total consolidated revenues rose to EUR 390.5 million (Q1 2013: EUR 377.0 million). Annualized consolidated revenues came to EUR 1,648.3 million (Q1 2013: EUR 1,508.2 million). Groupwide EBITDA reaches a new record of EUR 66.2 million AURELIUS reported higher earnings in all operating segments. Groupwide EBITDA reached EUR 66.2 million, the highest quarterly result in the company's history (Q1 2013: EUR 15.5 million). The Group recognized income from the reversal of negative goodwill (bargain purchase income) on the acquisition of new portfolio companies in the amount of EUR 15.9 million (Q1 2013: EUR 0 million). Such income was recognized in respect of the acquisition of the IT consulting activities of Telvent in Spain and South America, and the add-on acquisition of Telenet GmbH Kommunikationssysteme, both of which were effected in the first quarter. Restructuring and non-recurring expenses for the turnaround of portfolio companies totaled EUR 7.2 million (Q1 2013: EUR 6.9 million). Substantial earnings effect of successful exits The successful sale of the Healthcare Division of brightONE to T-Systems effective January 31, 2014 and the sale of Reederei Peter Deilmann to Callista Private Equity produced a positive earnings effect of EUR 32.0 million (Q1 2013: EUR 0 million). The continued positive development of the AURELIUS portfolio companies was reflected in an operating EBITDA of EUR 25.5 million (Q1 2013: EUR 22.4 million). Cash flow from operating activities amounted to EUR 22.6 million, as compared to EUR 10.4 million in the first quarter of 2013. Further improvement in balance sheet indicators and cash position AURELIUS is ideally equipped for further profitable growth, with cash and cash equivalents of EUR 237.1 million (12/31/2013: EUR 223.9 million) and a Groupwide equity ratio of 33.8% (12/31/2013: 30.1 %). Continued high level of transaction activity The acquisition of the internationally active Swiss advertising marketing firm Publicitas that was announced in April should be completed in the second quarter. The acquisition of Individual Desktop Solutions GmbH (IDS) from T-Systems International should be completed by mid- 2014. In addition, the acquisition of AKAD, the No. 2 provider in the market for private distance instruction, should be completed during the course of the second quarter. These transactions will generate substantially positive earnings effects in Q2 and Q3 2014. "We have been very active in the first months of 2014, and we still see an exciting market environment. We expect to announce further successes, with respect to both company acquisitions and company sales, in the coming months," said Donatus Albrecht of the AURELIUS Executive Board. Key Figures (in euro millions) 01/01 - 03/ 01/01 - 03/ 31/2014 31/2013 Total consolidated revenues 390.5 377.0 Total Groupwide EBITDA 66.2 15.5 of which bargain purchase income 15.9 - / - of which restructuring and non-recurring expenses -7.2 -6.9 of which income on sales of equity investments above book value 32.0 / - Total Groupwide operating EBITDA 25.5 22.4 Cash flow from operating activities 22.6 10.4 03/31/2014 12/31/2013 Cash and cash equivalents 237.1 223.9 Equity ratio¹ (in %) 33.8 30.1 1) Including non-controlling interests. 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 CONTACT Anke Banaschewski Investor Relations & Corporate Communications Phone +49 (89) 544799 - 0 Fax +49 (89) 544799 - 55 End of Corporate News --------------------------------------------------------------------- 12.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------- 267672 12.05.2014

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Source: DGAP Corporate News

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