Aves One AG

  • WKN: A16811
  • ISIN: DE000A168114
  • Land: Deutschland

Nachricht vom 27.09.2019 | 10:16

Aves One publishes its final figures for the first half of 2019 and confirms its forecast

Aves One AG / Key word(s): Half Year Results/Forecast
Aves One publishes its final figures for the first half of 2019 and confirms its forecast

27-Sep-2019 / 10:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Aves One publishes its final figures for the first half of 2019 and confirms its forecast

Hamburg, 27 September 2019 - Aves One AG, a strongly growing logistics asset holder, publishes its final figures for the first half of 2019. EBITDA increased by 90 percent to EUR 41.8 million (previous year EUR 22.0 million). EBT, adjusted by exchange rate effects reported in the financial result, grew even more significantly to EUR 6.8 million (previous year EUR 1.1 million). Revenues from the leasing of assets also grew significantly in the reporting period from EUR 32.4 million to EUR 55.6 million. The significant growth in revenues and earnings underlines the positive operating development and the successful expansion of the asset portfolio.

With the publication of the final figures, Aves One confirms the earnings results (EBITDA and adjusted EBT) communicated on 9 September 2019. With regard to revenues, there was a change in the recognition of the sale of a logistics property in the amount of EUR 11.1 million compared to the preliminary figures. The result from this transaction is no longer recorded gross, i.e. in the amount of the aforementioned revenue and the corresponding expense, but net as a net result under other operating income. This adjustment has no effect on the earnings figures (EBITDA and adjusted EBT). The logistics property, which was held as a financial investment, was sold in the reporting period in order to focus on the core business areas.

Aves One confirms its forecasts for the current fiscal year 2019. The Management Board forecasts a significant increase in revenues and a significantly higher EBITDA compared to the previous year. Revenues are expected to rise to more than EUR 110 million (2018: EUR 77.7 million) and EBITDA to more than EUR 80 million (2018: EUR 54.7 million).

The half-year report will be published on the website at the following link in the course of the day: https://www.avesone.com/de/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 optimization 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).

Further information

Aves One AG
Jürgen Bauer, CEO
T +49 (40) 696 528 350
F +49 (40) 696 528 359
E ir@avesone.com

27-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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