3W Power S.A. / AEG Power Solutions
3W Power S.A. / AEG Power Solutions: 3W Power/AEG Power Solutions reports results for Q1 2016
DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Quarter Results
– Orders EUR51.5 million, 18.8% increase year on year, 1.39 book to bill ratio – Revenue EUR37.1 million, flat year on year on a like-for-like basis – Expected profitability improvement as cost savings take hold Luxembourg / Zwanenburg, The Netherlands – May 11, 2016. 3W Power S.A. (ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions Group, a global provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets, today announced its results for Q1 2016. Group results *
Industrial Products and Services (IPS) *
Unallocated *
Orders by geographical area (Quarterly comparison) *
Revenue by geographical area (Quarterly comparison) *
* All numbers are rounded to millions.
Group EBITDA for Q1 2016 was EUR0.4 million compared to Q1 2015 EBITDA of – EUR3.4 million. The first quarter Normalized EBITDA, which is EBITDA adjusted for one-time transactions was -EUR3.6 million, up 3.2% compared to -EUR3.7 million in Q1 2015. The reported EBITDA of Q1 2016 includes a capital gain from the sale of Fluxpower GmbH and Primetech Srl. of EUR4.9 million in February 2016 (Q1 2015 included EUR1.0 million capital gain from Advanced Energy Systems). The Group’s cash position was EUR31.2 million as at 31 March 2016, compared to EUR30.3 million as at December 31, 2015 (March 31, 2015: EUR25.8 million). There is a certain resiliency in the Oil & Gas markets but the company definitely observes a shift to Gas infrastructure. There is also a much greater activity amongst EPC’s based in middle east/far east including China vs traditional western participants. The company benefits from good diversification both in terms of product offering and geographic reach which contributes to a certain stability. Still, “quarterly results do not indicate a trend” says Jeffrey Casper, CEO. “One must look at 2-3 quarters of data to get a realistic view of the overall direction of our business. We are encouraged by the strong order intake for Q1, we have a healthy backlog. Our margins will improve as we focus on continuous improvement in processes and cost optimization.” Outlook For further enquiries please contact: Christian Hillermann
2016-05-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | 3W Power S.A. / AEG Power Solutions | |
19, rue Eugène Ruppert | ||
L-2453 Luxemburg | ||
Grand Duchy of Luxembourg | ||
Phone: | +31 20 4077 800 | |
Fax: | +31 20 4077 801 | |
E-mail: | janine.rechel@aegps.com | |
Internet: | www.aegps.com | |
ISIN: | LU1072910919, DE000A1A29T7, | |
WKN: | A114Z9 , A1A29T, | |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Tradegate Exchange | |
End of News | DGAP News Service |