DGAP-News: Aumann AG / Key word(s): Quarterly / Interim Statement
Aumann increases sales by 6.6% in the first quarter of 2019 despite difficult market environment
Beelen, 15 May 2019
In a market environment fraught with uncertainty, Aumann AG's ("Aumann", ISIN: DE000A2DAM03) revenue grew by 6.6% to EUR67.4 million, thereby giving the company its strongest first quarter in its history. With EBIT of EUR6.9 million, the EBIT margin for the first quarter was slightly higher than for 2018 as a whole at 10.2%. Against the backdrop of a challenging general economic situation and palpable restraint in the automotive industry, the E-mobility segment is becoming more and more significant.
Revenue in the E-mobility segment surged by around 35.0% year-on-year to approximately EUR26.7 million in the first quarter. The share of revenue generated by E-mobility was therefore around 40.0% for the first time. The segment's EBIT also developed positively and rose to around EUR3.5 million with an adjusted EBIT margin of 13.1%. The E-mobility segment thus contributed more than 50% to operating earnings.
Incoming orders in the first quarter reflect the current investment restraint in the automotive industry. Although incoming orders in the E-mobility segment are not affected as much by the uncertainty being felt by carmakers at this time, the segment was unable to counteract the decline in the Classic segment. At EUR41.8 million by March 2019, total incoming orders were significantly lower than in the same quarter of the previous year. The E-mobility share of incoming orders rose by 14.6 percentage points to 58.1%. As the offer situation is good despite everything, we are anticipating more dynamic incoming orders in the second and third quarters.
The complete financial report for the first quarter 2018 is available at www.aumann.com/investor-relations
About Aumann AG
Aumann is a world-leading manufacturer of innovative speciality machinery and automated production lines with a focus on e-mobility. The company combines unique winding technology for the highly efficient production of electric motors with decades of automation experience, particularly in the automotive industry. Leading companies around the world rely on Aumann solutions for the series production of purely electric and hybrid vehicle drives and on solutions for production automation.
Further information is available online at www.aumann.com.
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15.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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