DGAP-News: CFC Industriebeteiligungen AG releases financial figures for fiscal year 2011
(firmenpresse) - DGAP-News: CFC Industriebeteiligungen AG / Key word(s): Final Results
CFC Industriebeteiligungen AG releases financial figures for fiscal
year 2011
20.04.2012 / 16:00
---------------------------------------------------------------------
- EBITDA for the group with EUR 2.3mn significantly positive
- Sale of electronics division shall proceed in the near term
- Postponement of the publication date of the annual report of CFC
Industriebeteiligungen AG
Dortmund, April 20, 2012
Today, CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund,
presents the results for fiscal year 2011 and, hence, the audited
consolidated financial statements for the group (HGB) for the past business
year. As CFC is still in negotiations with various investors, the
publication of the annual report has for now been postponed to the end of
June.
CFC is currently in final negotiations with selected investors that are
interested in the electronics division. Furthermore, the recently
communicated concentration of CFC on the investment Berndes and the
acquisition of a significant amount of shares by CEO Marcus Linnepe have
drawn the interest of institutional investors, such that CFC now also
considers an involvement of investors with regard to the strategic
realignment of the group.
In fiscal year 2011 CFC generated group sales of EUR 79.3 million. This
roughly equals the sales volume of the previous year. The revenue
contribution of NewTal Elektronik und Systeme GmbH, consolidated for the
first time in 2011, was EUR 10.7 million. Therefore, as far as the
remaining portfolio companies are concerned, sales in fiscal year 2011 were
about 13 percent lower than in the previous year. The operating result
before interest, taxes, depreciation and amortization (EBITDA) was with EUR
2.3 million significantly positive again.
In the past year, the investment Berndes has shown quite a favorable
development. The company managed to improve the operating result (EBITDA)
by 4.4 million to -1.7 million EUR. Despite the still exceedingly
challenging liquidity situation, Berndes already recorded business in some
previously lost export markets in current business year 2012. According to
the company, Berndes has also had a very positive appearance at the trade
fair AMBIENTE in Frankfurt.
Elcon, for the first time in a long while, had to face a significant
decline in sales in the past fiscal year, thus, revenues for 2011 deceeded
those of the previous year by approximately 20%. From an earnings
perspective, Elcon was still able to demonstrate its earnings power and,
despite the challenging circumstances, managed to achieve an operating
profit (EBITDA) of EUR 3.6 million.
In fiscal year 2011, Letron once again showed a positive development. As in
the previous year, the company managed to increase sales in the
double-digit percentage range and significantly improved EBITDA. The latter
was with minus EUR 0.2 million only slightly negative in fiscal year 2011.
Furthermore, the sister company NewTal, which represents the latest
addition to the CFC group, was able to increase sales by roughly 14%
compared to the previous year. The company shows a positive result on the
level of net income already in the first year after the takeover by CFC.
The EBITDA for the past fiscal year was approximately EUR 0.5 million.
The service company Suconi, which was founded in late 2010, developed
satisfactorily in business year 2011. However, the company has not yet
arrived at the protected level. Suconi generated revenues of roughly EUR
1.0 million and achieved a negative operating profit (EBITDA) of EUR 0.2
million.
As per December 31st 2011, CFC has a total equity capital of EUR 0.2
million on the group level and total assets in the amount of EUR 50.2
million. In the current business year, a former shareholder has committed
himself to convert his receivables against CFC with a book value of roughly
EUR 3.8 million - if permissible - into equity, in order to strengthen the
equity base. Furthermore, CFC currently also considers the execution of
further corporate actions.
In consideration of minority interests in the result of the group, the net
income attributable to shareholders of CFC amounts to EUR -3.9 million.
This corresponds to a loss per share of EUR 0.47. The Cash flow from
operating activities was with EUR 1.9 million negative in 2011 and
represented a major challenge of the past fiscal year.
The complete financial figures (German version only) are available for
download from the company website (http://www.cfc.eu.com) under Investor
Relations/Financial reports.
Contact:
CFC Industriebeteiligungen AG
Westfalendamm 9
44141 Dortmund
Jan Philipp Gieselberg
Phone: + 49 (0) 231 222 40 500
E-Mail: info(at)cfc.eu.com
End of Corporate News
---------------------------------------------------------------------
20.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory 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
---------------------------------------------------------------------
165838 20.04.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.04.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 1105483
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 69 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: CFC Industriebeteiligungen AG releases financial figures for fiscal year 2011
"
steht unter der journalistisch-redaktionellen Verantwortung von
CFC Industriebeteiligungen AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
