AUTEV AG
AUTEV AG announces provisional figures for 2010/2011 financial year
AUTEV AG / Key word(s): Preliminary Results AUTEV AG announces provisional figures for 2010/2011 financial year – Sales climb 21 % to EUR 6.8 million (previous year: EUR 5.6 million) – Total operating performance at record level of EUR 9.5 million (up 56 %) (previous year: EUR 6.1 million) – EBT stable year-on-year at EUR 0.49 million (previous year: EUR 0.50 million) despite growth investments Brandenburg an der Havel, December 7, 2011 – AUTEV AG has succeeded in significantly expanding its business volume in the past 2010/2011 financial year (June, 30, 2010 – June 30, 2011). According to provisional figures, sales rose by around 21 % in the reporting period to EUR 6.8 million after EUR 5.6 million in the same period of the previous year. Total operating performance increased by EUR 3.4 million to a record level of EUR 9.5 million (previous year: EUR 6.1 million), corresponding to growth of 56 %. EBT was also clearly positive at EUR 0.49 million (previous year: EUR 0.50 million), although earnings development was squeezed by high capital expenditure for growth. Above all, this included investments in the expansion of the sales structure and production. As at June, 30 2011, total assets amounted to EUR 8.8 million (June 30, 2010: EUR 6.1 million), a year-on-year increase of EUR 2.7 million. AUTEV AG has therefore successfully and profitably advanced the company's expansion in the year of its tenth anniversary. All company divisions (LED Technology, Industrial Technology, Environmental Technology) are developing in line with internal planning. Although earnings performance was reduced by capital expenditure as part of the implementation of the company's chosen growth strategy, AUTEV AG is on the right path. This is highlighted by the positive development in incoming orders, which already amount to EUR 6.3 million (as at the end of November 2011). 'In addition to this positive trend, we are also benefiting from the new European energy policy environmental law requirements and prohibitions, which mean further growth potential for AUTEV AG. Especially with regard to these developments, we feel the company is well positioned for its future progress and are looking to the current 2011/2012 financial year with optimism,' commented Tim David, CEO of AUTEV AG.
About AUTEV AG Over the years, the AUTEV AG has developed into an efficient and internationally operating engineering and service company. Additionally, the company is striving to achieve technology and market leadership in new fields of business. As a result the company successfully entered the market for energy efficient and CO2 reducing lighting technology. Following two years of research, the AUTEV AG successfully introduced AuLED into the market. AuLED is an innovative and energy saving lamp for streets and industrial buildings, based on ultra-modern LED technology, which is already currently being widely used.
Additional information about AUTEV AG can be found at www.autev.de
Company Contact:
AUTEV AG
Carl-Reichstein-Strasse 6
D-14770 Brandenburg/Havel
www.autev.de
Tel.: +49 (0)3381 80 43 630
Fax: +49 (0)3381 80 43 635
info@autev.de
Investor Relations Contact:
GFEI Aktiengesellschaft
D-60329 Frankfurt/Main
Tel.: +49 (0)69 – 74 30 37 00
Fax: +49 (0)69 – 74 30 37 22
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