Alfmeier Präzision SE, DE000A1X3MA5

Alfmeier Präzision SE, DE000A1X3MA5

24.05.2017 - 15:08:43

Alfmeier Präzision SE doubled its operating result in 2016

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

Treuchtlingen, May 24th 2017 - In 2016 Alfmeier Group generated a sales volume of 269.9 Mio. Euro and matched the previous year's level which was at 270.7 Mio. Euro. The loss of 13 Mio. USD in revenues in connection with the sale of the plant in Anderson was therefore fully compensated.

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 ReleaseAdditional features: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.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at

Language: English

Company: Alfmeier Präzision SE Industriestraße 5 91757 Treuchtlingen

Germany Phone: +49(0)9142 / 700 Fax: +49(0)9142 / 977 999 E-mail: Internet: 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

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