DGAP-News: COR&FJA AG / Key word(s): Preliminary Results
COR&FJA AG: COR&FJA announces provisional figures for 2013 financial
year
14.02.2014 / 12:57
---------------------------------------------------------------------
COR&FJA announces provisional figures for 2013 financial year
(Leinfelden-Echterdingen, 14 February 2014) - COR&FJA AG presented its
provisional figures for the financial year ended. They reveal that the
company generated an aggregate turnover of 132 million euros (2012: 136.7
million euros) and a break-even figure for earnings before interest, taxes,
depreciation and amortisation (EBITDA) in 2013 (2012: -9.1 million euros).
Both turnover and EBITDA are, therefore, conform with the previous
forecast. All of the figures are provisional and have not yet been reviewed
by the auditor. The final, audited results for the 2013 financial year will
be announced in detail when the consolidated financial statements are
presented on 29 April 2014.
In view of the ongoing cost-cutting programme, as well as the strategic
realignment which has almost been completed, COR&FJA is assuming that with
the transitional year of 2013 behind it, the company will show a healthy
economic trend from 2014 onwards. In future, the company is going to
concentrate on its core business of developing and marketing standard
software solutions for life insurance companies. In the past, COR&FJA has
achieved its greatest successes and generated a large part of its
outstanding reputation with customers in this business segment.
Also today, the company published its target figures for 2014, according to
which it is anticipating an aggregate turnover of around 100 million euros
and earnings before interest, taxes, depreciation and amortisation (EBITDA)
of about 11 million euros.
These target figures no longer include the shareholding in the Banking
segment, sold in 2013, that was transferred to COR&FJA Banking Solutions
GmbH. The contribution to turnover and earnings made by the COR&FJA
shareholding in plenum AG, which was removed from the COR&FJA AG
consolidated group at the end of the 2013 financial year and is, therefore,
now accounted for using the equity method rather than being fully
consolidated, is also no longer included in the target figures.
About COR&FJA
The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies and providers of company pension funds. Its service spectrum
ranges from standard software and the provision of consultancy services to
the handling of IT operations (i.e. application service providing). The
COR&FJA Group has its head office in Leinfelden-Echterdingen and offices in
Munich, Aachen, Düsseldorf, Frankfurt, Hamburg, Cologne and St. Georgen, as
well as subsidiaries in the Netherlands, Denmark, Austria, Switzerland,
Slovakia, Slovenia, Poland, the Czech Republic, Portugal and the USA. It
currently employs a workforce of nearly 1,100.
Contact
COR&FJA AG
Corporate Communications
HumboldtstraÃe 35
70771 Leinfelden-Echterdingen, Germany
Tel. +49 711 94958-0
E-mail: presse@cor.fja.com
Internet: www.cor.fja.com
End of Corporate News
---------------------------------------------------------------------
14.02.2014 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: COR&FJA AG
HumboldtstraÃe 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations@cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
252716 14.02.2014
DGAP-News: COR&FJA AG: COR&FJA announces provisional figures for 2013 financial year
| Source: EQS Group AG