DGAP-News: Aves One AG: Rise in sales revenues ensures increased result for Aves in Quarter 1 of 2018

Rise in sales revenues ensures increased result for Aves in Quarter 1 of 2018

- Turnaround completed

- All key figures increased by relevant amounts

- Positive trend expected to continue

Hamburg, 1 June 2018 - Aves One AG (Aves), listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange, substantially increased sales revenues and the result in the 1^st quarter of 2018, thus completing the operational turnaround.

Compared to the previous year's quarter, sales revenues at group level in the first three months of the 2018 business year rose substantially by around 30% to EUR 15.6 million (previous year: EUR 12.0 million). In addition to enlargement of the existing portfolio, the improved revenues situation is attributable to the portfolio's continuously increased capacity utilisation. Aves is operating in a very positive market environment in both the Container segment and the Rail segment.

The improved revenue situation is also reflected in the Aves Group's cash flow and earning power. Cash flow from ongoing operating activities rose by around 49% to EUR 6.7 million (previous year: EUR 4.5 million) in the period under review. As a result of the operational improvement in the first quarter of 2018, earnings before interest, taxes, depreciation, and amortization (EBIDTA) rose by around 80% to EUR 9.9 million (previous year: EUR 5.5 million). The result from operating activities before interest and taxes (EBIT) rose more than proportionally by around 314% to EUR 5.8 million (previous year: EUR 1.4 million). On the bottom line in the opening quarter of 2018, Aves achieved a pretax profit (EBT)¹ amounting to EUR 0.2 million and a consolidated result¹ amounting to EUR 0.4 million. Thus the consolidated result¹ improved by around EUR 4.8 million compared to the previous year's quarter.

Aves One AG Management Board member Jürgen Bauer explains: "We are very satisfied with the first quarter's operating trend. We have succeeded to manage a solid turnaround now also on adjusted EBT-basis through growth in rental incomes at the same time at stable fixed costs. We plan to continue this trend. Thus the result should continue its positive trend in the future."

For further explanations of the key figures, please refer to the Quarterly Report Q1/2018. This is available for download at www.avesone.com under the heading "Investors".
 

About Aves One AG:
Aves One AG is a Prime Standard stock exchange listed company headquartered in Hamburg. The Group invests in a portfolio holding of long-lifetime logistics assets, especially in the Rail, Container and Logistics Property business divisions. The intention is for Aves to continue the growth course consistently through further purchased acquisitions in the coming years. Doubling assets to a volume of around EUR 1 billion by 2020 is planned.

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