Aves One confirms preliminary figures and continues profitable growth
Group revenues increase by around 50 % to EUR 116.8 million
EBITDA increases by around 62 % and reaches EUR 84.6 million
Significant increase in adjusted EBT to EUR 11.1 million (previous year: EUR 2.8 million)
Positive outlook: Revenues and EBITDA at least at the 2019 level despite COVID-19
Aves One AG, a strongly growing logistics asset holder, today published its annual report with the audited figures for the 2019 financial year. Due to the very strong operating performance and the consistent growth of the asset portfolio, all key figures have been significantly increased. Consolidated revenues rose by around 50 % to EUR 116.8 million (previous year: EUR 77.7 million). EBITDA reached EUR 84.6 million (previous year: EUR 52.2 million), a significant increase of around 62 % over the previous year. The revenues and earnings forecast for the 2019 financial year was therefore significantly exceeded. It projected an increase in revenues to more than EUR 110.0 million and an EBITDA of more than EUR 80.0 million. The EBT adjusted for exchange rate effects reached EUR 11.1 million (previous year: EUR 2.8 million).
"Our business figures confirm that we are well positioned with a very young and optimally diversified logistics portfolio. Capacity utilization rates remain at a high level even in times of the COVID 19 pandemic. We plan to maintain our course and further strengthen our portfolio by focusing on the rail segment. Even in the currently challenging market environment, growth opportunities are arising for specialized investors like Aves One. We want to exploit these opportunities and further expand our rail portfolio in fiscal year 2020," says Jürgen Bauer, Executive Board member of Aves One AG.
The Executive Board remains cautious but optimistic in its forecast for the current financial year in times of the COVID 19 pandemic. Despite the current challenges, Aves One plans to at least reach the previous year's level in terms of revenues and EBITDA. The forecast will be more precise in the course of the year, although the impact of the COVID 19 pandemic on the course of business will be more concrete.