Aves One looks back on a strong 2018 fiscal year and forecasts significant sales and earnings growth in 2019
Group sales increase by 45% to EUR 77.7 million
EBITDA (adjusted) reaches EUR 54.7 million and is 88% above the previous year
Asset volume almost doubled to around EUR 821 million
Outlook 2019: Sales volume of over EUR 110 million and EBITDA of more than EUR 80 million
Aves One AG, a strongly growing logistics asset holder, looks back on a record year with the publication of its audited figures for the 2018 financial year. With a strong operating performance and the consistent expansion of the asset portfolio, all key figures were improved. Group sales rose by 45% to EUR 77.7 million (previous year: EUR 53.4 million). At the same time, EBITDA reached EUR 52.2 million - adjusted due to special effects from legal disputes, the figure reached EUR 54.7 million and thus exceeded the last year's figure by 88% (previous year: EUR 29.1 million). Adjusted EBT amounted to EUR 5.3 million (without currency effects and special effects from legal disputes). In addition, the value of the portfolio with logistics assets portfolio almost doubled to around EUR 821 million (previous year: EUR 448 million).
"Our business figures for 2018 confirm that we are on the right track. We exceeded the targets we had set ourselves and achieved sustainable profitability. We expect significant growth in sales and earnings and will continue to strengthen our portfolio with acquisitions," explains Jürgen Bauer, CEO of Aves One AG.
Further significant growth in group sales and EBITDA expected
Based on the measures currently being implemented and the full-year effect of the strong investment activity in the past 2018 financial year, the Executive Board expects higher sales revenues and a further improvement in the operating result for the current 2019 financial year. This sales growth is expected to result from the investments already made and the logistics assets still to be acquired in 2019. For the same reason, the operating result (EBITDA) is expected to increase further. The Executive Board is forecasting EBITDA of over EUR 80 million for the 2019 financial year. In addition to the expected positive development of the operating business, the portfolio is to be further strengthened with value-enhancing acquisitions and will reach a value of more than EUR 1 billion in the course of the financial year.
For further details of the key figures, please refer to the 2018 consolidated financial statements, which are available for download at https://www.avesone.com/en/finanzberichte.php.