DGAP-News: Aumann AG: Aumann with revenues of EUR200.8 million and adjusted EBIT of EUR14.8 million in first nine months
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DGAP-News: Aumann AG
/ Key word(s): Quarterly / Interim Statement/9 Month figures
Beelen, 14 November 2019 Aumann AG ("Aumann", ISIN: DE000A2DAM03) has generated revenues of EUR200.8 million and an adjusted EBIT of around EUR14.8 million in first nine months of 2019. The E-mobility segment accounted for 43% of revenues and 44% of EBIT in the first nine months. The company is therefore on track to achieve the forecasts revised earlier in the year. Incoming orders decreased to EUR145.6 million on account of continuing strong investment restraint in the automotive industry. By contrast, incoming orders in the E-mobility segment are significantly higher than in the previous year at EUR88.4 million. Aumann generated revenue of EUR67.3 million in the third quarter of 2019, roughly level with the first two quarters. Adjusted EBIT is lower than in the preceding quarters at EUR3.3 million on account of greater cost sensitivity among customers. The market situation - characterised by falling sales figures and postponements - has not improved in the last few months. Nonetheless, Aumann received order intake of EUR59.4 million in the third quarter, higher than in the first and second quarters. The E-mobility segment, which put up incoming orders of EUR50.4 million in the third quarter, also secured a key new order from a renowned carmaker. In order to respond to the current challenges in the automotive industry, Aumann's management has taken real steps to optimise the company's cost structure and production depth. At the same time, it will continue to advance the strategic focus on E-mobility. Despite the current market situation, Aumann feels it is excellently positioned for the transition to electromobility. The full interim report for the third quarter of 2019 and the associated presentation are available in the Investor Relations section of the homepage 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 on the Internet via www.aumann.com. Aumann AG The Executive Board The Supervisory Board Court of registration Münster Local Court, register number: HRB 16399 For further information, please contact
14.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Aumann AG |
| Dieselstraße 6 | |
| 48361 Beelen | |
| Germany | |
| Phone: | +49 (0) 2586 888-7800 |
| Fax: | +49 (0) 2586 888-7805 |
| E-mail: | [email protected] |
| 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: | 912089 |
| End of News | DGAP News Service |
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912089 14.11.2019
Aumann AG Stock
Our community is currently high on Aumann AG with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 19 € shows a slightly positive potential of 9.57% compared to the current price of 17.34 € for Aumann AG.
