DGAP-News: msg life ag / Key word(s): 9-month figures
msg life ag: msg life ag publishes nine-month report 2014
20.11.2014 / 12:49
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msg life ag publishes nine-month report 2014
(Leinfelden-Echterdingen, 20 November 2014) - msg life ag (ISIN
DE0005130108) published its nine-month report for 2014 today. The report
reveals that the company generated aggregate turnover of 75.4 million euros
as at 30 September 2014 (prior-year period: 95.1 million euros) and
earnings before interest, taxes, depreciation and amortisation (EBITDA)
amounting to 10.0 million euros (prior-year period: -5.7 million euros).
This means that both turnover and EBITDA are entirely in line with the
budget for the year - although the turnover and earnings figures cannot be
compared to those of the corresponding period last year. This is because
that reporting period in 2013 still included the now-discontinued Banking
segment and the consolidation of the participating interest in plenum AG,
which in the meantime has likewise been disposed of.
All in all, msg life generated consolidated earnings of 12.7 million euros
as at 30 September 2014 (prior-year period: -10.7 million euros) and
consequently earnings per share of 0.31 euros (prior-year period: 0.25
euros). A similarly positive trend was shown by cash flow from operating
activity, which again improved year-on-year and totalled 16.3 million euros
(30 September 2013: 10.3 million euros).
Equity as at 30 September 2014 totalled 53.4 million euros, 9.8 million
euros higher than at the end of the 2013 financial year. The equity ratio
as at 30 September 2014 was 59.1 per cent, representing an increase of 16.5
per cent in comparison with 31 December 2013. This, too, illustrates the
positive course of business in 2014 so far and the Group's successful
turnaround.
As at the end of the third quarter of 2014, the msg life Group's workforce
consists of 871 employees (prior-year period: 1,118 employees). This
reduction in employee numbers can likewise be attributed to the fact that
the Banking subsidiary and plenum ag, together with the latter's
subsidiaries, are no longer part of the msg life ag consolidation group.
Thanks to the company's corporate name change in October, the sale of the
Banking subsidiary and the disposal of the former participating interests
in plenum AG and B+S Banksysteme Aktiengesellschaft, msg life ag has
completed the most important previously outstanding strategic measures for
the msg life Group's realignment in the course of the 2014 financial year.
In view of the current market and sales situation, the company is still
expecting to generate turnover of around 100.0 million euros and earnings
before interest, taxes, depreciation and amortisation (EBITDA) of some 11.0
million euros in the current 2014 financial year. This EBITDA figure
contains a non-recurring effect from the sale of the Banking segment.
About msg life
As part of the independent, internationally active msg Group, msg life ag
and its subsidiaries are among the leading software and consulting
companies for the European insurance sector and concentrate primarily on
life insurance companies and institutions providing private retirement
pensions. Their product and service spectrum ranges from standard software
through consulting services to the assumption of responsibility for IT
operations (software as a service).
The msg life Group has its head office in Leinfelden-Echterdingen and
offices in Munich, Aachen, Düsseldorf, Hamburg, Cologne and St. Georgen, as
well as subsidiaries in the Netherlands, Austria, Switzerland, Slovakia,
Slovenia, Poland, the Czech Republic, Portugal and the USA. It currently
employs a workforce of nearly 900.
Contact
msg life ag
Corporate Communications
Frank Fahrner
Humboldtstrasse 35
70771 Leinfelden-Echterdingen
Germany
Tel.: +49 (0)711 949 580
E-mail: presse@msg-life.com
Internet: www.msg-life.com
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20.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: msg life ag
HumboldtstraÃe 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations@msg-life.com
Internet: www.msg-life.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
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298349 20.11.2014
DGAP-News: msg life ag: msg life ag publishes nine-month report 2014
| Source: EQS Group AG