DGAP-News: AUTEV AG publishes 2010/2011 Annual Report
(firmenpresse) - DGAP-News: AUTEV AG / Key word(s): Final Results
AUTEV AG publishes 2010/2011 Annual Report
23.04.2012 / 19:15
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AUTEV AG publishes 2010/2011 Annual Report
- Sales up 21% to EUR6.8 million (previous year: EUR5.6 million)
- Total operating performance climbs 14% to EUR7.0 million (previous
year: EUR6.1 million)
- Net profit for the period clearly positive at EUR0.33 million (previous
year: EUR0.35 million) despite substantial investments in growth
- Systematic implementation of internationalisation and growth strategy
- Positive outlook for the 2011/2012 financial year
Brandenburg an der Havel, 23 April 2012 - In the 2010/2011 financial year
(1 July 2010 - 30 June 2011), AUTEV AG succeeded in systematically pressing
ahead with its growth strategy. Sales increased by around 21% to EUR6.8
million in the reporting period (previous year: EUR5.6 million), while
total operating performance rose by around 14% year-on-year, from EUR6.1
million to EUR7.0 million. Although earnings development was impacted by
the high level of investment in growth, which related in particular to the
expansion of the sales structure and production, AUTEV AG recorded a
clearly positive net profit for the period of EUR0.33 million (previous
year: EUR0.35 million).
As at 30 June 2011, total assets amounted to EUR8.7 million (30 June 2010:
EUR6.1 million), a year-on-year increase of EUR2.6 million. The equity
ratio at the same date was 39.1% (30 June 2010: 30.9%).
All of the company's divisions (LED Technology, Industrial Technology and
Environmental Technology) were expanded as part of its growth strategy. LED
Technology in particular is enjoying increasingly positive development. In
the current 2011/2012 financial year, the AUTEV licence model is being
implemented for the first time with the conclusion of a contract in the
Czech Republic for the planning and construction of production facilities
and a state-of-the-art research and development laboratory for LED
technology. The project has a total volume of around EUR8.4 million and
represents a milestone in the history of AUTEV AG.
The company is continuing to systematically press ahead with the
development of the Eastern European market and the implementation of its
international strategy with additional infrastructure projects in the Czech
Republic and Bulgaria.
At an operational level, planned company growth is being supported by
various measures aimed at expanding the product range while strengthening
AUTEV AG's sales base. For example, the existing LED Technology product
portfolio is being expanded to include additional road and industrial
lights that will allow new customer segments to be addressed. At the same
time, the company's sales strength is being increased through the
conclusion of new alliances, including a planned cooperation with energy
providers. The measures initiated on the capital markets are aimed at
expanding the investor base. The company is seeking to move into the Entry
Standard of the Frankfurt Stock Exchange in 2012. AUTEV AG is also starting
to focus on other capital markets and has held initial discussions with US
investors, among other things. This is intended to provide AUTEV AG with
access to additional growth capital for the continued implementation of its
growth strategy.
'In the 2010/2011 financial year, we succeeded in further developing AUTEV
AG with a view to the future. In addition to the operational expansion of
our business activities, one particular achievement of note was the
implementation of our licensing model and the resulting positioning of
AUTEV AG on the Eastern European market. This has laid the foundations for
further profitable growth. In light of the measures we have initiated to
strengthen our sales structure, improve our financial strength and expand
our product range, we are confident that we will be able to leverage the
existing sales and earnings potential in the medium to long term.
Accordingly, we look forward to further positive developments in the
current financial year 2011/2012,' commented Tim David, member of the
Management Board of AUTEV AG.
The Management Board
AUTEV AG's 2010/2011 Annual Report can be downloaded from the company's
website at http://www.autev.de/downloads.html.
About AUTEV AG
Over the years, the AUTEV AG has developed into an efficient and
internationally operating engineering and service company. Additionally,
the company is striving to achieve technology and market leadership in new
fields of business. As a result the company successfully entered the market
for energy efficient and CO2 reducing lighting technology. Following two
years of research, the AUTEV AG successfully introduced AuLED into the
market. AuLED is an innovative and energy saving lamp for streets and
industrial buildings, based on ultra-modern LED technology, which is
already currently being widely used.
Additional information about AUTEV AG can be found at www.autev.de
Contact:
Company Contact:
AUTEV AG
Carl-Reichstein-Strasse 6
D-14770 Brandenburg/Havel
Germany
www.autev.de
Tel.: +49 (0)3381 80 43 630
Fax: +49 (0)3381 80 43 635
info(at)autev.de
Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
D-60329 Frankfurt/Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22
ir-autev(at)gfei.de
www.gfei.de
End of Corporate News
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