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DGAP-News: Deufol SE: Results of the First Quarter 2014

May 22, 2014

DGAP-News: Deufol SE / Key word(s): Quarter Results Deufol SE: Results of the First Quarter 2014 22.05.2014 / 11:05 --------------------------------------------------------------------- PRESS RELEASE Deufol SE: Results of the First Quarter 2014 - Sales EUR 71.0 million (previous year EUR 76.4 million) - EBITDA 2.9 million (previous year EUR 2.0 million) - EBITA 1.1 million (previous year EUR 0.1 million) - Net profit ? EUR 0.1 million (previous year ? EUR 1.3 million) Hofheim, May 22, 2014 Sales trend At EUR 71.0 million, total sales in the first quarter of 2014 were 7.2 % lower than in the same period in the previous year. Adjusted for changes to the scope of consolidation, the change amounts to - 4.1 %. Also adjusted for the depreciation of the US dollar versus the euro, which averaged 3.7 %, this decline amounts to 3.4 %. In Germany (including the holding company), sales amounted to EUR 39.7 million (previous year: EUR 43.3 million). Around EUR 2.5 million of this decline in the volume of sales is attributable to changes to the scope of consolidation. In the Rest of Europe, Deufol realized sales in the amount of EUR 18.3 million (previous year: EUR 20.6 million). In the USA / Rest of the World segment, sales rose to EUR 13.0 million (previous year: EUR 12.5 million). Income significantly above previous year Earnings before interest, taxes, depreciation and amortization (EBITDA) were EUR 2.9 million in the first quarter (previous year: EUR 2.0 million). Depreciation of tangible assets and amortization of other intangible assets decreased from EUR 1.9 million to EUR 1.8 million. The operating result (EBITA) amounted to EUR 1.1 million and was thus significantly higher than the previous year's figure of EUR 0.1 million. The results for the individual segments are not directly comparable with the previous year, due to higher intragroup transfer payments. However, for the purpose of improved comparability the adjusted results are indicated in brackets. The individual segments developed as follows in the first three months of the year: In Germany, EBITA amounts to EUR 0.6 million (adjusted: EUR 1.8 million), compared to a figure in the previous year of EUR 1.7 million. In the Rest of Europe, EBITA amounted to EUR 0.5 million (adjusted: EUR 0.7 million), compared to EUR 0.8 million in the previous year. The USA / Rest of the World segment realized a result of EUR 0.2 million (adjusted: EUR 0.3 million), compared to - EUR 0.8 million in the previous year. The EBITA loss realized by Deufol SE (the holding company) fell to EUR 0.2 million (adjusted: EUR 1.7 million), compared to EUR 1.6 million in the previous year. This was mainly due to higher intragroup transfer payments. The result for the period amounted to - EUR 0.1 million (previous year: - EUR 1.2 million). After deduction of the loss shares of noncontrolling interests (EUR 0.01 million), there is a net loss of EUR 0.1 million (previous year: EUR 1.3 million) attributable to the shareholders of Deufol SE. Earnings per share in the first three months were - EUR 0.002 (previous year: EUR 0.029). Financial position In the first three months, the cash flow provided by operating activities amounted to - EUR 2.4 million and was thus higher than the level in the previous year (- EUR 3.2 million). The financial liabilities of the Deufol Group increased in the first three months of the fiscal year by EUR 3.4 million to EUR 66.2 million. As cash and financial receivables simultaneously decreased (- EUR 2.3 million), the net financial liabilities rose somewhat more strongly, by EUR 5.7 million from EUR 50.3 million at the end of the year to EUR 56.0 million. Key data of the first quarter 2014 figures in EUR thousand Q1 2014 Q1 2013 change (%) Sales 70,959 76,443 (7.2) EBITDA 2,858 1,980 44.3 EBIT(A) 1,063 71 n/m EBT 258 (678) n/m Income for the period (92) (1,244) (92.6) of which attributable to noncontrolling interests (6) 22 n/m of which attributable to equity holders of parent (86) (1,266) (93.2) Earnings per share (EUR) (0.002) (0.029) (93.2) Operating cash flow (2,437) (3,221) (24.3) Investments in tangible assets 1,945 1,292 50.5 Net financial liabilities 55,962 60,559 (7.6) Employees (average) 2,469 2,694 (8.4) Outlook - Planning confirmed Deufol SE confirms its planning figures published for fiscal year 2014 in its annual financial report 2013. These envisage sales of between EUR 290 million and EUR 310 million and an operating result (EBITDA) of between EUR 14 million and EUR 16 million. Contact: Deufol SEClaudia Ludwig Johannes-Gutenberg-Strasse 3-5 65719 Hofheim (Wallau) Tel.: +49 (6122) 50 1228 E-mail: Claudia.Ludwig@deufol.com End of Corporate News --------------------------------------------------------------------- 22.05.2014 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 www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Deufol SE Johannes-Gutenberg-Straße 3-5 65719 Hofheim (Wallau) Germany Phone: +49 (6122) 50 1228 Fax: +49 (6122) 50 1300 E-mail: Claudia.Ludwig@deufol.com Internet: www.deufol.com ISIN: DE000A1R1EE6 WKN: A1R1EE Indices: CDAX, Classic All Share, DAXsector All Transportation & Logistics, DAXsector Transportation & Logistics, DAXsubsector All Logistics, DAXsubsector Logistics, Prime All Share Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÜsseldorf, Hamburg, MÜnchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 269887 22.05.2014


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