07.12.2011

  • Sales climb 21 % to € 6.8 million (previous year: € 5.6 million)
  • Total operating performance at record level of € 9.5 million (up 56 %) (previous year: € 6.1 million)
  • EBT stable year-on-year at € 0.49 million (previous year: € 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 € 6.8 million after € 5.6 million in the same period of the previous year. Total operating performance increased by € 3.4 million to a record level of € 9.5 million (previous year: € 6.1 million), corresponding to growth of 56 %. EBT was also clearly positive at € 0.49 million (previous year: € 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 € 8.8 million (June 30, 2010: € 6.1 million), a year-on-year increase of € 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 € 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.

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