02.05.2018 Aves One AG  DE000A168114

DGAP-News: Aves One AG: Operational business greatly improved in 2017 business year

DGAP-News: Aves One AG / Key word(s): Final Results/Development of Sales
Aves One AG: Operational business greatly improved in 2017 business year

02.05.2018 / 10:46
The issuer is solely responsible for the content of this announcement.


Operational business greatly improved in 2017 business year

- Consolidated sales revenues almost doubled in 2017

- Improved capacity utilisation and margin in the container segment

- Real estate as an additional investment focus

- Positive outlook

Hamburg, 2 May 2018 - Aves One AG (Aves), listed in Frankfurter Stock
Exchange's regulated market (Prime Standard), has published audited figures
for the 2017 business year.

Aves again successfully expanded operational business considerably in the
2017 business year. Sales revenues at group level in the reporting year 2017
increased significantly to EUR 53.4 million (previous year: EUR 28.7
million), attributable essentially to consolidation for the first time of
Aves Rail GmbH for a whole business year. Sales revenues were distributed
almost equally between the Rail division with EUR 26.3 million (previous
year: EUR 7.6 million) and the Container division with EUR 24.1 million
(previous year: EUR 21.8 million).

Improved capacity utilisation and increased rentals in the Container segment
as drivers

Growth in capacity utilisation and increased rental rates in the Container
unit had a positive effect on sales revenues, whereby rental rates and
capacity utilisation both showed a clearly rising trend at the year end. The
Rail unit was also characterised by stable sales revenues and high capacity
utilisation of almost 100% in 2017.

Strong growth in operating result (EBITDA) in 2017 compared to the previous

For the business units that were continued in 2017, the effects resulting
from operational improvements in the Rail and Container segments described
above led to a marked increase in earnings before interest, taxes,
depreciation, and amortisation (EBITDA) to EUR 29.1 million (previous year:
EUR 10.3 Mio). While Earnings before interest and taxes (EBIT) rose to EUR
9.4 million (previous year: EUR 1.8 million), the Group's financial result
changed from EUR -8.2 million to EUR -46.7 million This change in the
financial result arises essentially from largely non-cash-effective currency
effects amounting to EUR 21.6 million, other costs of EUR 3.4 million
connected with non-cash capital increases carried out in the year under
review, and interest expenses amounting to EUR 21.8 million (previous year:
EUR 14.1 million). This results in pre-tax earnings (EBT) for the 2017
Business year amounting to EUR -37.3 million (previous year: EUR -6.5
million). The consolidated net loss remaining after taxes amounts to EUR
-35.0 million (previous year: EUR -7.7 million). Disregarding special
effects such as currency effects, expenses arising from non-cash capital
increases and non-recurring depreciations due to depot rationalisation in
the Container segment, Aves earned an improved consolidated result of EUR
-6.2 million (previous year: EUR -13.7 million).

Rationalising the container portfolio will ensure increased future earnings

Non-rented containers were disposed of in the past business year to avoid
future depot costs. This involved a total of around 7,000 containers.
Although the sale entailed a one-off expense due to special depreciations
amounting to about EUR 3.8 million in 2017, this measure will ensure future
annual depot cost savings of around EUR 1.5 million. In addition, it was
possible to use the liquidity generated thereby to invest in new containers
carrying more attractive rental contracts. Thus this measure makes a further
contribution to better capacity utilisation and rejuvenation of the
container fleet.

Focus on further growth continues in the 2018 business year

As already announced some time ago, Aves plans to invest in the Real Estate
segment alongside the Rail and Container segments. The announced entry into
holding a portfolio of logistics real estate properties was implemented by
the recent acquisition of a logistics real estate property in Alsdorf
Business Park near Aachen. Logistics properties with an asset volume of
around EUR 100 million are currently at the purchasing due diligence stage.
The plan is for a further big expansion of the managed portfolio of around
EUR 448 million (end of 2017) by further build-up of as-new logistics assets
and the acquisition of logistics real estate properties by the end of 2018.
Based on measures currently being implemented, the management board expects
higher sales revenues and further improvement in the operating result for
the current business year 2018. For further explanations of the key figures,
we refer to the Annual Report 2017. This is available for download at
www.avesone.com under the heading "Investors".

About Aves One AG:
Aves One AG is a Prime Standard stock exchange listed company headquartered
in Hamburg. The Group invests in a portfolio holding of long-lifetime
logistics assets, especially in the Rail, Container and Logistics Property
business units. The intention is for Aves to continue the growth course
consistently through further purchased acquisitions in the coming years.
Doubling assets to a volume of around EUR 1 billion by 2020 is planned.

More information: www.avesone.com

Aves One AG
Jürgen Bauer, Management Board
Tel.: +49 (40) 696 528 350
Fax: +49 (40) 696 528 359
E-mail [email protected]


02.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:    English
   Company:     Aves One AG
                Große Elbstrasse 45
                22767 Hamburg
   Phone:       040 696528 350
   Fax:         040 696528 359
   E-mail:      [email protected]
   Internet:    www.avesone.com
   ISIN:        DE000A168114
   WKN:         A16811
   Listed:      Regulated Market in Frankfurt (Prime Standard), Hamburg,
                Hanover; Regulated Unofficial Market in Berlin,
                Dusseldorf, Stuttgart; London

   End of News    DGAP News Service

681371 02.05.2018

Aves One
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A16811 8,650 Kaufen 112,58
KGV 2019e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,30 18,95 0,939 266,67
6,26 4,63 2,11 19,672
Dividende '17 in € Dividende '18e in € Div.-Rendite '17
in %
0,00 0,00 0,00 21.08.2018
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Mai 2018 Sept. 2018 Okt. 2018 30.04.2018
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
27,96% 29,78% 19,72% 28,64%

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