Gentherm Präzision SE
Alfmeier Präzision SE doubled its operating result in 2016 (news with additional features)
Press release Alfmeier Präzision SE doubled its operating result in 2016 – EBIT raised from Euro 8,2 Mio. Euro (2015) to 16,9 Mio. Euro – Free Cashflow significantly improved to 13,1 Mio. Euro – New private investor with a long-term oriented growth perspective
This increase in sales with 8.6 % amounting to 109.9 Mio. Euro was mainly driven by Fluid Systems. EBIT doubled to 16.9 Mio. Euro coming from 8.2 Mio. Euro in 2015. This corresponds to an EBIT-margin of 6.3 % (2015: 3.0%). Thanks to a significantly increased operating cashflow at 27.1 Mio Euro the free cashflow reached a level of 13.1 Mio. Euro (2015: 5.7 Mio. Euro). Thus, liquid funds rose from 18.3 Mio Euro to 24.4 Mio. Euro and we achieved a substantial reduction in the level of net financial debt. 2017 sales will increase of 2% according to global sales forecasts. EBIT-margin will remain at around the previous year’s level. Moreover, a balanced free cash flow based on higher investments can be expected. At the same time, Alfmeier is proud to announce a change within the group of shareholders which took place May 23rd: Yesterday, Elber GmbH belonging to a German real estate group, bought the shares of AF Investment Fünf GmbH, represented by Afinum in Munich. Following their investment into Alfmeier in 2012, the funds’ primary mission was successful: the capital-intensive growth and product development phase of the Alfmeier group was accomplished. Elber GmbH now owns 39.32% of the Alfmeier shares. The main shareholder, Gebhardt Holding GmbH, will further expand the successful business model together with Elber GmbH. Markus Gebhardt, shareholder and Chairman of Alfmeier Präzision SE comments: “2016 has been the most rewarding year in Alfmeier’s history so far. We thank Afinum for the trustful cooperation and we are looking forward to the future with optimism.” End of Media Release Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=XIUXQYILJD Document title: Press Release Issuer: Alfmeier Präzision SE Key word(s): Automobile
24.05.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Alfmeier Präzision SE |
Industriestraße 5 | |
91757 Treuchtlingen | |
Germany | |
Phone: | +49(0)9142 / 700 |
Fax: | +49(0)9142 / 977 999 |
E-mail: | info@alfmeier.de |
Internet: | www.alfmeier.de |
ISIN: | DE000A1X3MA5 |
WKN: | A1X3MA |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market (Basic Board) in Frankfurt |
End of News | DGAP Media |