CFC Industriebeteiligungen GmbH & Co. KGaA / Final Results
01.04.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CFC Industriebeteiligungen reports on preliminary figures
record results for 2007
- Group turnover increases to more than EUR 69,5 Mio.
- EBITDA up by to more than EUR 15,1 Mio.
Dortmund, April 1, 2008
CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6), Dortmund,
reports - based on preliminary unaudited figures - record results for
annual financials of 2007. Group consolidated turnover grew by 469 % to
more than EUR 69,5 Mio. compared to EUR 12,2 Mio. in 2006 shortened fiscal
year. The operational result before interest, tax, depreciation and
amortization (EBITDA) according to IFRS went up to EUR 15,1 Mio. (previous
year: EUR 0,6 Mio.). Group profit after tax reached top mark of EUR 13,1
Mio. or EUR 2,04 per share (previous year: EUR 2,0 Mio. or EUR 0,35 per
share) and exceeds market expectations by 56 %. Included in this result is
a non-recurring positive re-valuation of the corporate deferred taxes due
to changes in the corporate tax law in Germany.
CFC acquired last year four new companies, which increased the annualized
turnover by December 31, 2007 to more than EUR 150 Mio. The annualized
group turnover is a good indication of the development in the new financial
year.
In view of those acquisitions the Group results include gains from the
capital consolidation (so-called 'Bargain Purchases') in the amount of EUR
17,0 Mio. As is customary for the CFC business model, the newly acquired
companies usually show negative results in the first year of consolidation.
The success of the reorganisation of the subsidiaries is however evident
from the Group company Berndes which was already acquired in 2006 and which
reports after successful restructuring an EBITDA of EUR 1,8 Mio.
CFC expects a continuously positive development for the year 2008. A more
detailed outlook will be presented together with the publication of the
final audited financials for 2007 on April 30, 2008.
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Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 222 40 500
eMail: fn@cfc.eu.com
DGAP 01.04.2008
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Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Westfalendamm 9
44141 Dortmund
Deutschland
Phone: +49 (0)231-222 40 500
Fax: +49 (0)231-222 40 501
E-mail: info@cfc-eu.com
Internet: www.cfc-eu.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: CFC Industriebeteiligungen reports on preliminary figures
| Source: EQS Group AG