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DGAP-News: Aves One AG / Key word(s): Quarter Results
Aves One starts the fiscal year with record results and expects significant growth in 2019
29.05.2019 / 08:00
The issuer is solely responsible for the content of this announcement.
Corporate News
Aves One starts the fiscal year with record results and expects significant growth in 2019
- Q1 revenue rose by 74% to EUR 27.2 million
- EBITDA more than doubled to EUR 20.6 million
- EBT (adjusted) clearly positive at EUR 3.4 million
- Forecast confirmed, significant further growth expected in 2019
Hamburg, May 29, 2019 - Aves One AG, a strongly growing logistics asset holder, showed a good start into the 2019 financial year. Both sales and earnings increased considerably compared to the same period last year. The company expects significant growth in the course of the year.
In the first three months of the ongoing financial year, sales reached around EUR 27.2 million - an increase of approximately 74 % compared to the same period of the previous year (EUR 15.6 million). In addition to the expansion of the portfolio through acquisitions, the significant improvement in the revenue performance is the result of the positive operating development and the unchanged high utilization of the freight wagon and container portfolios. The market environment in the rail and container segments remains positive.
This positive development is also reflected in the earnings figures for the first quarter of 2019: EBITDA more than doubled to EUR 20.6 million (previous year: EUR 9.9 million). EBT adjusted by exchange rate effects in the financial result rose even more significantly to EUR 3.4 million (previous year: EUR 0.2 million). Consolidated net income also improved strongly compared to the same quarter of the previous year to EUR 6.7 million (previous year: EUR -4.7 million).
"We have started the year 2019 very well and have taken another important step towards achieving our targets for the full year 2019 - consolidated sales of over EUR 110 million and EBITDA of more than EUR 80 million. The quarterly result shows that we have significantly strengthened our portfolio through acquisitions and are very well positioned at the operating level," says Jürgen Bauer, CEO of Aves One AG. "With a strong deal pipeline, we intend to continue on this path and to reach the billion-euro threshold in our portfolio value in the course of the year. The path remains set for growth," adds Aves One Board member Bauer.
For further details of the key figures, please refer to the report Q1-2019, which can be downloaded at the following link: https://www.avesone.com/en/aves_investoren_publikationen_finanzberichte.php
About Aves One AG
Aves One AG is a strongly expanding holder of long-life logistics assets with a focus on freight cars. The portfolio also includes containers and swap bodies. The company plans to increase the value of its assets to more than EUR 1 billion by the end of 2019. With a young, profitable freight car portfolio, Aves One is one of the leading holders of rail logistics assets in Europe. The strategy is geared to constant optimisation of Aves One's stock and further expansion of the logistics portfolio. Based in Hamburg, Aves One AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (ISIN: DE000A168114; WKN: A16811).
For further information
www.avesone.com
Contact
Aves One AG
Jürgen Bauer, CEO
T +49 (40) 696 528 350
F +49 (40) 696 528 359
E [email protected]
29.05.2019 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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