AURELIUS-Group with considerable increase in sales, earnings, cash flow and liquidity in first six months
- Positive operational result additionally emphasized by positive non-recurring effects
- Free cash flow rising by over 100 million euros
Munich, August 25, 2009. Industrial holding AURELIUS has successfully closed the first six months of the 2009 financial year and has considerably increased group sales, earnings, cash flow and liquidity.
In a year-on-year comparison AURELIUS group in the first six months achieved the following results:
Group sales increased from 257 million euros to 442.8 million euros (+72.3%). Earnings before interest, taxes, depreciation and amortization (EBITDA) of 54.8 million euros exceeded by far last year’s result of 16.3 million euros (+236.2%). Free cash flow rose to 103.6 million euros (+2.058.3%). Liquid assets are now totaling 174.3 million euros (+140.1% compared to December 31, 2008).
Rising sales mainly result from the acquisitions of the last 12 months – Berentzen-Group, connectis, BCA, Consinto (former Thales Information Systems), Blaupunkt, LD Didactic and sit-up TV and their initial consolidations. The positive non-recurring effects resulting from initial consolidations of the first six months, the so-called negative differences accruing from capital consolidation (“Bargain Purchase”), totaled 50.1 million euros (previous year: 1.7 million euros). As the initial consolidation of Blaupunkt has not been finalized yet, the “Bargain Purchase” of this company has not been included in the result. The negative non-recurring effects resulting from the restructuring costs of the new group subsidiaries already accrued and the provision to be expected added up to 7.7 million euros (previous year: 2.9 million euros).
AURELIUS intends to make use of the currently very positive conditions for the acquisition of further subsidiaries and has all necessary financial resources in place to do so.
The full 2009 half-year report is available for downloading on the company’s website at www.aureliusinvest.de