AUTEV AG
AUTEV AG publishes 2010/2011 Annual Report
AUTEV AG / Key word(s): Final Results AUTEV AG publishes 2010/2011 Annual Report – Sales up 21% to EUR6.8 million (previous year: EUR5.6 million) – Total operating performance climbs 14% to EUR7.0 million (previous year: EUR6.1 million) – Net profit for the period clearly positive at EUR0.33 million (previous year: EUR0.35 million) despite substantial investments in growth – Systematic implementation of internationalisation and growth strategy – Positive outlook for the 2011/2012 financial year Brandenburg an der Havel, 23 April 2012 – In the 2010/2011 financial year (1 July 2010 – 30 June 2011), AUTEV AG succeeded in systematically pressing ahead with its growth strategy. Sales increased by around 21% to EUR6.8 million in the reporting period (previous year: EUR5.6 million), while total operating performance rose by around 14% year-on-year, from EUR6.1 million to EUR7.0 million. Although earnings development was impacted by the high level of investment in growth, which related in particular to the expansion of the sales structure and production, AUTEV AG recorded a clearly positive net profit for the period of EUR0.33 million (previous year: EUR0.35 million). As at 30 June 2011, total assets amounted to EUR8.7 million (30 June 2010: EUR6.1 million), a year-on-year increase of EUR2.6 million. The equity ratio at the same date was 39.1% (30 June 2010: 30.9%). All of the company's divisions (LED Technology, Industrial Technology and Environmental Technology) were expanded as part of its growth strategy. LED Technology in particular is enjoying increasingly positive development. In the current 2011/2012 financial year, the AUTEV licence model is being implemented for the first time with the conclusion of a contract in the Czech Republic for the planning and construction of production facilities and a state-of-the-art research and development laboratory for LED technology. The project has a total volume of around EUR8.4 million and represents a milestone in the history of AUTEV AG. The company is continuing to systematically press ahead with the development of the Eastern European market and the implementation of its international strategy with additional infrastructure projects in the Czech Republic and Bulgaria. At an operational level, planned company growth is being supported by various measures aimed at expanding the product range while strengthening AUTEV AG's sales base. For example, the existing LED Technology product portfolio is being expanded to include additional road and industrial lights that will allow new customer segments to be addressed. At the same time, the company's sales strength is being increased through the conclusion of new alliances, including a planned cooperation with energy providers. The measures initiated on the capital markets are aimed at expanding the investor base. The company is seeking to move into the Entry Standard of the Frankfurt Stock Exchange in 2012. AUTEV AG is also starting to focus on other capital markets and has held initial discussions with US investors, among other things. This is intended to provide AUTEV AG with access to additional growth capital for the continued implementation of its growth strategy. 'In the 2010/2011 financial year, we succeeded in further developing AUTEV AG with a view to the future. In addition to the operational expansion of our business activities, one particular achievement of note was the implementation of our licensing model and the resulting positioning of AUTEV AG on the Eastern European market. This has laid the foundations for further profitable growth. In light of the measures we have initiated to strengthen our sales structure, improve our financial strength and expand our product range, we are confident that we will be able to leverage the existing sales and earnings potential in the medium to long term. Accordingly, we look forward to further positive developments in the current financial year 2011/2012,' commented Tim David, member of the Management Board of AUTEV AG. The Management Board AUTEV AG's 2010/2011 Annual Report can be downloaded from the company's website at http://www.autev.de/downloads.html. 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.
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