Rise in sales revenues ensures increased result for Aves in Quarter 1 of 2018
All key figures increased by relevant amounts
Positive trend expected to continue
Aves One AG (Aves), listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange, substantially increased sales revenues and the result in the 1st quarter of
2018, thus completing the operational turnaround.
Compared to the previous year’s quarter, sales revenues at group level in the first three months of
the 2018 business year rose substantially by around 30% to EUR 15.6 million (previous year: EUR 12.0
million). In addition to enlargement of the existing portfolio, the improved revenues situation is
attributable to the portfolio’s continuously increased capacity utilisation. Aves is operating in a very
positive market environment in both the Container segment and the Rail segment.
The improved revenue situation is also reflected in the Aves Group’s cash flow and earning power.
Cash flow from ongoing operating activities rose by around 49% to EUR 6.7 million (previous year:
EUR 4.5 million) in the period under review. As a result of the operational improvement in the first
quarter of 2018, earnings before interest, taxes, depreciation, and amortization (EBIDTA) rose by
around 80% to EUR 9.9 million (previous year: EUR 5.5 million). The result from operating activities
before interest and taxes (EBIT) rose more than proportionally by around 314% to EUR 5.8 million
(previous year: EUR 1.4 million). On the bottom line in the opening quarter of 2018, Aves achieved a
pretax profit (EBT)1 amounting to EUR 0.2 million and a consolidated result1 amounting to EUR 0.4
million. Thus the consolidated result1 improved by around EUR 4.8 million compared to the previous
Aves One AG Management Board member Jürgen Bauer explains: “We are very satisfied with the
first quarter’s operating trend. We have succeeded to manage a solid turnaround now also on
adjusted EBT-basis through growth in rental incomes at the same time at stable fixed costs. We plan
to continue this trend. Thus the result should continue its positive trend in the future.”
For further explanations of the key figures, please refer to the Quarterly Report Q1/2018. This is
available for download at www.avesone.com under the heading “Investors”.
January to March 2018
in Mio. EUR
January to March 2017
in Mio. EUR
Consolidated result *
Cash flow from operating activities
* Adjusted for losses arising from currency exchange rate effects in the financial result amounting to EUR 5.1 million in 2018 and EUR 1.9 million in 2017. The majority of these exchange rate effects are non-cash-effective.