Aves One with significant increases in sales and earnings in the first half of 2019 according to preliminary figures
Asset volume reaches around EUR 838 million
Revenues more than doubled to around EUR 67 million
EBITDA rises by more than 90% to around EUR 42 million
EBT more than six-fold increased to around EUR 6.8 million (adjusted)
According to preliminary figures, Aves One AG, a strongly growing portfolio holder in the field of long-lived logistics assets, looks back on a successful first half of 2019. Following an already successful 2018 financial year, the company is thus approaching another record year.
According to preliminary unaudited figures, revenues more than doubled to around EUR 67 million (previous year: EUR 32.4 million). At the same time, EBITDA rose from EUR 22.0 million to around EUR 42 million - an increase of more than 90%. EBT adjusted for exchange rate effects in the financial result rose even more significantly to EUR 6.8 million (previous year EUR 1.1 million). The strong sales and earnings growth confirm the positive operating development and the successful expansion of the asset portfolio at relatively constant fixed costs. With acquisitions of EUR 41 million, the asset volume increased slightly in the first half of 2019 (31.12.2018: EUR 820.9 million). Further acquisitions were made after the end of the reporting period, so that the expansion of the portfolio gained considerable momentum since then. With deliveries of around EUR 150 million already contractually agreed in the third quarter of 2019, the rail segment in particular will be significantly strengthened.
"We have continued our growth course in the first half of the year. This is reflected in the transactions that were successfully concluded this year. The preliminary half-year figures confirm our strategy. We intend to maintain the high pace of growth in the second half of the year and further increase our profitability and asset volume. I believe that we are on the right track to achieve the one billion Euro threshold line by the end of the year," explains Jürgen Bauer, CEO of Aves One AG.
For the current fiscal year, Aves One expects significantly higher revenues and a considerably higher EBITDA compared to the previous year. The Management Board confirms its forecast for the current business year 2019 to increase the revenues to more than EUR 110 million (2018: EUR 77.7 million) and to grow EBITDA to over EUR 80 million (2018: EUR 54.7 million).
The final figures for the first half of 2019 will be published at the end of September 2019.