DGAP-News: Aves One AG

Corporate News

Revenue growth with a simultaneous margin increase as drivers for a good result

- Revenues more than doubled compared to the previous year's period to around EUR 38.4 million

- More than proportional EBITDA growth to around EUR 21.5 million (9m in 2016: around EUR 6.4 million)

Hamburg, 27 November 2017 - Aves One AG (Aves) continued its upward operational trend again in the 3^rd quarter of 2017. The positive revenues trend is attributable not only to the continuing recovery of operating business in the container sector but also to the acquisition of ERR Rail Rent Vermietungs GmbH (ERR) in the fourth quarter of 2016 and led to a considerable improvement in the result.

In the first nine months of 2017, Aves was able to more than double revenues compared to the comparison period in 2016 from EUR 18.3 million to around EUR 38.4 million. The operating result (EBITDA) simultaneously improved by 236% to EUR 21.5 million (9m of 2016: EUR 6.4 million).

Aves also confirmed the positive trend on a quarterly basis. For example, revenues in the 3^rd quarter of 2017 compared to the 3^rd quarter of 2016 rose by 122% to around EUR 14.0 million (Q3 2016: EUR 7.1 million). The EBITDA improved in the same period of time by 226% to around 8.8 million (Q3 2016: EUR 2.7 million).

The 3^rd quarter of 2017 was also impaired by currency exchange rate effects affecting the Container segment in particular, due to the further rise in the strength of the Euro compared to the US Dollar. These effects, which are based on a currency in accordance with IFRS (USD in the Container Division) that differs from the local accountancy currency, are essentially attributable to the balance sheet date valuation of EUR accounts receivable and liabilities, and are thus largely non-cash-effective. These exchange rate effects in the financial result, amounting to EUR 16.9 million (Q3 2017: EUR 4.5 million), burdened the consolidated result in the first three quarters.

When adjusted for these currency effects in the financial result, and excluding special expenses connected with the non-cash capital increase (9m 2017: EUR -3.3 million), the after-tax result after the first nine months of 2017 amounted to EUR -2.5 million (9m 2016: EUR -7.3 million).

Management Board member Jürgen Bauer explains: "We are very satisfied with the business trend up to now. As already announced, Aves plans to expand the portfolio in the near future by purchasing the first logistics real estate. The Real Estate segment in the portfolio mix is then scheduled to grow more than proportionally in 2018, and consequently the company will generate additional stable cash flows through rents."

For further explanations of the key figures, we refer to the Report for the 3^rd quarter of 2017. This is available for download at www.avesone.com under the heading "Investors".
 

About Aves One AG:

Aves One AG is a stock exchange listed company headquartered in Hamburg. In particular, the Aves One AG Group's key activities focus on the Container, Rail, and Logistics Property business divisions. In this respect, the Aves One Group invests in long lifetime logistics assets with sustainably good cash flow performance in liquid markets. Very good access to the market, together with the management's comprehensive knowledge on the subject of financing and an excellent network of partners in both areas, are the foundation for the continuous enlargement and expansion of its business activities.

More information: www.avesone.com

Contact
Aves One AG
Jürgen Bauer, Management Board
Tel.: +49 (40) 696 528 350
Fax: +49 (40) 696 528 359
E-mail ir@avesone.com