DGAP-News: CFC Industriebeteiligungen AG / Key word(s): Quarter
Results
CFC Industriebeteiligungen AG: CFC Industriebeteiligungen AG continues
growth in the first half of 2011
19.08.2011 / 16:20
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- Revenues in the 1st half grow by 9 percent compared to the 1st half of
2010
- EBITDA in the 1st half at EUR 2.1mn (2010: EUR 2.2mn)
- EBITDA in the 2nd quarter at EUR 0.9mn (2010: EUR 1.5mn)
Dortmund, August 19th, 2011
In the first half of 2011, CFC Industriebeteiligungen AG (ISIN:
DE000A0LBKW6), Dortmund, continued the profitable growth.
Group sales for the first half of 2011 in the amount of EUR 41.9mn exceed
the sales volume of the same period of the previous year by 9 percent. The
increase mainly rests upon the acquisition of NewTal Elektronik und Systeme
GmbH as per January 2011.
For the first half of fiscal year 2011, EBITDA sums up to a total of EUR
2.1mn (2010: EUR 2.2mn). In the second quarter, an EBITDA of EUR 0.9mn has
been generated compared to EUR 1.5mn in the same period of the previous
year. The group's net income in the first half of 2011 was negative with
EUR 1.1mn.
In the first half of 2011, NewTal generated sales of EUR 5.5mn and achieved
a positive EBITDA of EUR 0.4mn. Despite a decline in sales compared to the
same period of 2010, Elcon achieved a significantly positive EBITDA of EUR
1.7mn at sales of EUR 14.6mn. Generating revenues of EUR 8.7mn Letron
achieved the operative turnaround with a balanced EBITDA of kEUR 31. In the
first half of 2011, Berndes managed to halve losses even though sales
slightly decreased to EUR 15.1mn. In the first six months, the company
realised an EBITDA of EUR -0.7mn. Despite the significant improvement as
far as profitability is concerned, the liquidity situation remains
challenging during the summer.
On June 30th 2011, total equity of the group amounted to EUR 4.3mn,
compared to roughly EUR 5.3mn at the end of fiscal year 2010. The equity
ratio of the group equals approx. 7.2 percent and the corresponding figure
of the parent company CFC Industriebeteiligungen AG approx. 46.2 percent.
The cash flow from operating activities was with EUR 2.4mn still negative
in the first half of 2011. Consequently, cash and cash equivalents in the
group decreased and amounted to EUR 4.5mn on June 30th 2011.
The accounts for the first half are available for download at the company
website (http://www.cfc.eu.com) under Investor Relations/Financial Reports.
The complete report for the first half of 2011 will be available at the
same place as of September 16th, 2011.
Contact:
CFC Industriebeteiligungen AG
Westfalendamm 9
44141 Dortmund
Jan Philipp Gieselberg
Phone: + 49 (0) 231 222 40 500
EMail: info@cfc.eu.com
End of Corporate News
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136362 19.08.2011
DGAP-News: CFC Industriebeteiligungen AG: CFC Industriebeteiligungen AG continues growth in the first half of 2011
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