30.04.2014
Deufol SE DE000A1R1EE6
DGAP-Adhoc: Deufol SE: Annual Results 2013
Deufol SE / Key word(s): Final Results
30.04.2014 13:17
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The issuer is solely responsible for the content of this announcement.
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Deufol SE: Annual Results 2013
- Sales EUR 318.7 million (previous year EUR 333.0 million)
- EBITDA EUR 14.8 million (previous year EUR 15.0 million)
- EBITA from continuing operations 6.0 million (previous year EUR 6.2
million)
- Net result EUR 0.3 million (previous year EUR ‒ 0.3 million)
- Operating cash flow 17.2 million (previous year EUR 16.0 million)
Hofheim, 30. April 2014
Deufol SE announces today the final results for the fiscal year 2013 and
confirms the preliminary results which have been published on April 17.
Sales development
In a moderate overall economic environment, in the period under review
sales from continuing operations amounted to EUR 318.7 million (previous
year: EUR 333.0 million). We have thus achieved our planning targets, which
had envisaged sales in a corridor of between EUR 310 million and EUR 325
million.
Due to restructuring of the Data Packaging business, revenue in the USA
declined to EUR 62.7 million (previous year: EUR 71.1 million). In Germany
(incl. the holding company), at EUR 170.5 million the result was also lower
than in the previous year (EUR 176.0 million). The loss of the Euskirchen
location has deprived the Group of sales of a good EUR 5 million, and a
further amount of almost EUR 3 million is no longer included due to
deconsolidated companies. Accordingly, after adjustments this result
represents marginal growth. In the Rest of Europe, we were at almost the
same level as in the previous year (EUR 85.4 million, compared to EUR 85.9
million).
Net result above previous year
On the results side, in the past year Deufol faced several burdens. In
Belgium, one-off expenses amounting to a good EUR 1.1 million arose in
connection with a customer's relocation of capacities to Eastern Europe and
an associated reduction in our operations there. In the USA, the loss of a
customer in the gift card segment had a negative impact on income of almost
EUR 1 million, while in China the results of an internal investigation
resulted in valuation adjustments in the amount of EUR 0.9 million. The
operating result before goodwill amortization (EBITA) amounted to EUR 6.0
million in the reporting period (previous year: EUR 6.2 million).
The result for the period was of EUR 0.5 million (previous year: EUR 0.1
million). The profit share for noncontrolling interests is EUR 0.2 million
(EUR 0.3 million). Earnings attributable to the shareholders of Deufol SE
amounted to EUR 0.3 million in the period under review, compared to - EUR
0.3 million in the same period in the previous year. Earnings per share
were EUR 0.007 in 2013 (previous year: - EUR 0.006).
Financial position: Strong operating cash flow - Financial indebtness
decreased
The operating cash flow amounted to EUR 17.2 million in the period under
review and was thus higher than in the previous year (EUR 16.0 million).
In the past fiscal year the financial liabilities of the Deufol Group
clearly decreased, from EUR 70.9 million to EUR 62.8 million. Net financial
liabilities - defined as the total financial liabilities less financial
receivables and cash - decreased less strongly, by EUR 4.8 million from EUR
55.0 million on December 31, 2012 to EUR 50.2 million at the end of the
period under review. This was due to the decrease in cash held
(- EUR 2.3 million) and lower financial receivables (- EUR 1.0. million).
Key data of the year 2013
figures in EUR million 2013 2012 change(%)
Sales 318.7 333.0 (4.5)
EBITDA 14.8 15.0 (1.4)
EBIT(A) 6.0 6.2 (2.6)
EBT 2.7 2.8 (3.0)
Income from continuing operations 0.5 0.4 17.7
Loss from discontinued operation 0 (0.3) n/m
Income for the period 0.5 0.1 624.3
of which attributable to noncontrolling
interests 0.2 0.3 (46.7)
of which attributable to equity holders of
parent 0.3 (0.3) n/m
Earnings per share (EUR) 0.007 (0.006) n/m
Operating cash flow 17.2 16.0 7.4
Investments in tangible assets 9.0 8.7 3.1
Net financial liabilities 50.3 55.0 (8.6)
Employees (average) 2.704 2.764 (2.6)
Outlook
For fiscal year 2014 the Deufol Group plans sales in a corridor between EUR
290 million and EUR 310 million. Its operating result (EBITDA) will be
between EUR 14 and 16 million.
With regard to our results forecast, we expect our core business in the USA
to increase. This reflects improvements in our contracts with our Automated
Packaging customers which will now be reflected over the course of a full
year for the first time. In the Rest of Europe we expect slightly improving
results, now that one-off expenses in Belgium are no longer applicable. In
Germany, we likewise expect all of our services to report slightly improved
results.
The Interim Report for the first quarter of 2014 will not be published on
May 15, 2014 but on May 22, 2014.
Contact:
Deufol SE
Claudia Ludwig
Johannes-Gutenberg-Strasse 3-5
65719 Hofheim (Wallau)
Tel.: +49 (6122) 50 1228
E-mail: [email protected]
30.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Deufol SE
Johannes-Gutenberg-Straße 3-5
65719 Hofheim (Wallau)
Germany
Phone: +49 (6122) 50 1228
Fax: +49 (6122) 50 1300
E-mail: [email protected]
Internet: www.deufol.com
ISIN: DE000A1R1EE6
WKN: A1R1EE
Indices: CDAX, Classic All Share, DAXsector All Transportation &
Logistics, DAXsector Transportation & Logistics, DAXsubsector
All Logistics, DAXsubsector Logistics, Prime All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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