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DGAP-News: TAKKT AG / Key word(s): Preliminary Results TAKKT: Solid operating key figures in a difficult financial year
20.02.2014 / 07:29
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TAKKT: Solid operating key figures in a difficult financial year
- 1.3 percent increase in turnover in the reporting currency of euros, decline in organic turnover of 2.6 percent
- EBITDA margin at 12.9 (2012: 14.2) percent, at 14.1 percent when adjusted for one-off effects
- TAKKT cash flow reaches EUR 83.4 (92.7) million
- Earnings per share at EUR 0.80 (1.02)
Stuttgart, Germany, February 20, 2014. The financial year 2013 was shaped by the weak economic situation in Europe while the USA showed much stronger economic data. The fiscal disputes at the federal level in the USA did, however, have a negative impact on the US business of some TAKKT companies. In terms of the top line, TAKKT was able to increase consolidated turnover in the reporting currency by 1.3 percent to EUR 952.5 (939.9) million. Adjusted for acquisition and currency effects, consolidated turnover dropped by 2.6 percent. Felix Zimmermann, CEO of TAKKT AG, summed it up: 'The financial year 2013 was not easy for TAKKT due to the general economic conditions. The diversification of our business model proved itself in this environment once again. As a result, we are able to present solid operating key figures today.'
Gross profit margin higher than previous year; EBITDA margin decreased due to one-offs
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PRESS RELEASE: TAKKT: Solid operating key figures -2-
DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Miscellaneous Ferratum Group: Starting signal in Germany and Romania
20.02.2014 / 15:30
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Ferratum Group: Starting signal in Germany and Romania
- Legal requirements for commencement of operations in Germany and Romania completed
- As planned investing partial proceeds from bond issuance in business expansion
- Additional stability of the business model through further geographical diversification
Berlin, 20 February 2014 - Ferratum Group, a pioneer in mobile micro credits in Europe, has successfully laid the foundation for its market entry in Germany and Romania. The company is expecting the commencement of operations in these two markets within the upcoming weeks. Thereby Ferratum is continuing consequently its expansion strategy. This provides the company with potential to expand the customer base and with corresponding revenue and earnings growth. As scheduled, partial proceeds of the bond issuance of the German subsidiary Ferratum Capital Germany GmbH are used for a profitable and sustainable business development.
For the commencement of operations in Germany Ferratum Germany GmbH was established as a legally registered and authorized credit broker, which will serve as an online distribution platform. Owing to the certified licence for the brokerage of credits Ferratum Germany GmbH is able to offer a comprehensive range of services to credit interested parties: From help related to general questions, through detailed advice to the application of micro credits and related products. The services fulfil the demands and needs of a not yet adequately accessed customer segment: private individuals with a desire for easy, fast, unbureaucratic and discrete borrowing for short-term micro credits.
In February 2014, Ferratum has also received the required local credit license for the market entry in Romania. The Ferratum Group will start distribution in Germany and Romania after the successful implementation of the necessary IT infrastructure within the coming weeks.
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PRESS RELEASE: Ferratum Group: Starting signal in Germany and Romania
DGAP-News: Grammer AG / Key word(s): Preliminary Results Grammer AG with new record in 2013
20.02.2014 / 06:53
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Grammer AG with new record in 2013
12 percent revenue growth to EUR 1.265 billion EBIT disproportionately improved despite intensive up-front efforts EBIT margin increased to 4.6 percent
Amberg, February 20, 2014 - In 2013 fiscal year Grammer AG was able to once again substantially improve the previous year's good results despite ongoing volatile market conditions. On the basis of preliminary figures for fiscal year 2013, Grammer achieved new record revenue of EUR 1.265 billion at the group level, an increase of more than EUR 130 million (2012: EUR 1.133 billion). Total revenue was up 12 percent for fiscal year 2013, thus exceeding expectations considerably. Both divisions - Automotive and Seating Systems - contributed to this gratifying performance with strong growth rates. Revenue growth was mainly driven by China in particular as well as North and South America, the acquisition of Czech headrest specialist Nectec Automotive s.r.o. and the high number of development projects for future serial ramp-ups.
Despite the intensive up-front efforts to systematically implement the global growth strategy, the Grammer Group's profitability improved again in the previous business year. Preliminary consolidated operating earnings (EBIT) rose by a disproportionately strong 18 percent over the previous year to around EUR 58 million (2012: 49). At 4.6 percent, the EBIT margin within the Grammer Group was up on the previous year (2012: 4.3). In addition to the encouraging revenue performance, operating earnings were also influenced mainly by the set-up of new plants in China and the NAFTA region as well as optimization efforts initiated in Eastern Europe in particular.
Both divisions successfully continuing on their growth trend Revenue in the Automotive Division climbed by a sharp 14 percent to EUR 810 million (2012: 711), thus exceeding the previous year's record figure again substantially. Operating earnings in the Automotive Division came to EUR 33 million, well up on the previous year (2012: 30). Influenced by high up-front project efforts, EBIT margin reached 4.1 percent, almost on par with the previous year (2012: 4.3).
At EUR 470 million (2012: 439) and almost 7 percent increase in revenue the Seating Systems Division also achieved new record levels. With an EBIT of around EUR 37 million (2012: 26), the Seating Systems Division performed very well in fiscal year 2013. Supported by an overall positive market development in all segments and regions, the EBIT margin reached 8.0 percent, well in excess of the previous year (2012: 6.0).
Growth trend continued in the fourth quarter of 2013 At EUR 312 million, Group revenue remained at a gratifyingly high level in the fourth quarter (Q4 2012: 282). Consolidated EBIT rose to around EUR 15 million (Q4 2012: 14) in the fourth quarter. Group EBIT margin was 4.7 percent, almost on par with the previous year's high level (Q4 2012: 4.8).
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PRESS RELEASE: Grammer AG with new record in 2013