DGAP-News: msg life ag / Key word(s): Preliminary Results
msg life ag: msg life publishes provisional figures for 2014
02.04.2015 / 10:45
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msg life publishes provisional figures for 2014
Turnover and results fully in line with expectations - planned figures for
2015 forecast turnover of 105.0 million euros and EBITDA of 8.0 million
euros
(Leinfelden-Echterdingen, 2 April 2015) - msg life ag (ISIN DE0005130108)
published its provisional figures for the 2014 financial year today. The
report reveals that the company generated aggregate turnover of 104.3
million euros (2013: 131.3 million euros) and earnings before interest,
taxes, depreciation, and amortisation (EBITDA) of 11.4 million euros (2013:
-1.6 million euros). This EBITDA figure contains a seven-figure
non-recurring effect from the sale of the banking segment.
This means that both turnover and EBITDA are entirely in line with the
previous forecast - although neither figure can be compared with the
corresponding period last year. This is because the reporting period last
year still included the now-discontinued Banking segment and the
consolidation of the participating interest in plenum AG, which in the
meantime has also been disposed of. All of the figures are provisional and
have not undergone a final check by the auditor. The detailed final audited
results of the 2014 financial year will be published as part of the
consolidated financial statements on 28 April 2015.
Thanks to the company's corporate name change in October 2014, 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 measures for the
msg life Group's strategic realignment in the course of the 2014 financial
year.
Furthermore, the provisional figures for 2014 underline that the company
has successfully completed its economic turnaround. This is also reflected
in the planned figures for the 2015 financial year, which msg life ag also
released today: the company expects its aggregate turnover to increase -
compared to 2014 - to 105.0 million euros and a purely operative EBITDA of
approximately 8.0 million euros.
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 pension fund institutions. 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,
plus subsidiaries in the Netherlands, Austria, Switzerland, Slovakia,
Slovenia, Poland, the Czech Republic, Portugal and the USA. It currently
employs a workforce of almost 900.
Contact
msg life ag
Corporate Communications
Frank Fahrner
Humboldtstrasse 35
70771 Leinfelden-Echterdingen
Tel.: +49 (0)711 949 580
Email: presse@msg-life.com
Internet: www.msg-life.com
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News-Service
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341045 02.04.2015
DGAP-News: msg life ag: msg life publishes provisional figures for 2014
| Source: EQS Group AG