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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