CFC Industriebeteiligungen GmbH & Co. KGaA / Interim Report/Quarter Results
26.05.2009
Release of a Corporate News, 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 releases interim report on the first quarter
2009
- Group sales amount to EUR 44.9 million
- Positive result from operations despite the challenging economic
environment
- Positive income from sale of interest in subsidiary Berndes
Dortmund, May 26, 2009
Today CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6),
Dortmund, released the interim report on the first quarter 2009.
In the first three months of the fiscal year, CFC achieved group sales of
roughly EUR 44.9 million (Q1/2008: EUR 41.9 million). The operating result
before interest, taxes, depreciation and amortization (EBITDA) of EUR 0.3
million was positive despite increasingly challenging market conditions in
the reporting period (Q1/2008: EUR 2.4 million). The result from ordinary
operations (EBIT) came to EUR -1.3 million (Q1/2008: EUR 1.0 million). The
group net result attributable to the stockholders was EUR -1.5 million
(Q1/2008: EUR 0.0 million). With an equity ratio of 33.1 % as of the
balance sheet date, the group had a sound equity base and EUR 10.2 million
in cash at its disposal.
In the fiscal year's first quarter, CFC recorded the successful sale of 49
% of its investment in cookware manufacturer Berndes to funds of the
investor Greenpark, Guernsey, for EUR 5.51 million. The valuation had been
determined last year within the framework of the overall transaction with
Greenpark, to now result in an operational income on group level of EUR 1.3
million.
As of the end of the quarter, the CFC Group had 1,042 employees (Q1/2008:
741 employees).
Marcus Linnepe, CEO of CFC Industriebeteiligungen, sums up the developments
of the first quarter 2009: 'Our companies' could not escape the challenging
general market environment, so that we are below last years quarter results
despite the profit we realized from the sale of the Berndes share to
Greenpark. Our measures initiated last year have already come to show
effect. We consider this development affirmed as well by the sale of
another minority interest to funds of investor Greenpark, which had already
invested in other companies of our portfolio in the past year. The proceeds
from this transaction have the effect that CFC continues to be very well
provided with liquidity, which in the current economic climate represents a
considerable competitive advantage for us and our investment portfolio.'
The complete interim report on the first quarter 2009 is available at the
company website (http://www.cfc.eu.com) under 'Investor Relations/Financial
reports'.
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Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 222 40 501
eMail: fn@cfc.eu.com
DGAP 26.05.2009
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Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Westfalendamm 9
44141 Dortmund
Deutschland
Phone: +49 (0)231-22240 500
Fax: +49 (0)231-22240 501
E-mail: info@cfc-eu.com
Internet: www.cfc-eu.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulierter Markt in Frankfurt; Freiverkehr in Berlin,
Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-News: CFC Industriebeteiligungen releases interim report on the first quarter 2009
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