AUMANN AG (FRA:DE000A2D) Aumann AG: Aumann reports preliminary figures 2019 in line with guidance corridor and expects a decline in revenues and earnings in 2020 due to current market conditions

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03/03/2020 08:03

DGAP-Ad-hoc: Aumann AG / Key word(s): Preliminary Results/Forecast
Aumann AG: Aumann reports preliminary figures 2019 in line with guidance corridor and expects a decline in revenues and earnings in 2020 due to current market conditions

03-March-2020 / 08:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Aumann reports preliminary figures 2019 in line with guidance corridor and expects a decline in revenues and earnings in 2020 due to current market conditions

Beelen, 03 March 2020
Aumann AG ("Aumann", ISIN: DE000A2DAM03) achieved revenues of €259.6 million in 2019 and reached the upper end of the set guidance corridor, according to preliminary figures. Revenues in the strategically important E-mobility segment grew by 9.6 % to €115.1 million in 2019 and the segment's revenue share increased by 8.2 percentage points to 44.3 %. Revenues in E-mobility also grew in the fourth quarter of 2019 and stood at €29.4 million or 10.4 % above previous year's quarter. However, Aumann's total revenues of €58.8 million in the fourth quarter were 25.4 % below previous year, which reflects the challenging environment especially in the Classic segment.

Order intake in the E-mobility segment reached €119.0 million in 2019 or an increase of 4.9 % compared to last year. Measured against total order intake of €189.5 million, the segment's share significantly increaseed to 62.8 %. Whereas the E-mobility segment reached its highest order intake of a financial year, order intake collapsed in the Classic segment by 60.2 % compared to last year.

Aumann's EBITDA decreased by 34.6 % to €21.2 million in 2019, representing a margin of 8.2 %. Both segments showed a significant decline in EBITDA, whereas the E-mobility segment generated a margin of 8.0 % and a corresponding EBITDA of €9.2 million. Adjusted EBIT, which stood at €16.3 million and reached the lower end of the guidance corridor, also decreased. Despite the current market environment, Aumann generated an adjusted EBIT margin of 6.3 % in 2019.

For Aumann, 2020 will be a challenging year and the company will further focus on optimising its cost structure and production depth. In light of the challenging situation in the automotive industry and the effects of the coronavirus pandemic currently assessable, management expects revenues in 2020 to range between €180 and €200 million with a positive EBITDA margin of up to 5 %, prior to any one-of charges. Here, an intensification of the coronavirus pandemic is not taking into account. Despite the current challenges, Aumann sees itself well positioned for the transition to electromobility with its strategy, technology and balance sheet, also because of the availability of €95.3 million in cash and an equity ratio of 62.2 % at the end of 2019.

The complete Annual Financial Report 2019 will be published on 09 April 2020 at www.aumann.com.

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 on the Internet via www.aumann.com.

Aumann AG
Dieselstrasse 6
48361 Beelen
Germany
www.aumann.com

The Executive Board
Rolf Beckhoff (CEO)
Sebastian Roll (CFO)

The Supervisory Board
Gert-Maria Freimuth (Chairman)
Christoph Weigler
Dr. Christof Nesemeier

Court of registration
Münster Local Court, register number: HRB 16399


For further information, please contact

Investor Relations
André Schütz
+49 2586 888 7807
ir@aumann.com

03-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Aumann AG
Dieselstraße 6
48361 Beelen
Germany
Phone: +49 (0) 2586 888-7800
Fax: +49 (0) 2586 888-7805
E-mail: info@aumann.com
Internet: www.aumann.com
ISIN: DE000A2DAM03
WKN: A2DAM0
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 988047

 
End of Announcement DGAP News Service

988047  03-March-2020 CET/CEST

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