Aumann (AAG): Q119 revenues grow but orders collapse
Incoming orders in the first quarter dropped sharply by 42% year-on-year to €41.8m, reflecting the investment restraint in the auto industry
Incoming orders in the first quarter dropped sharply by 42% year-on-year to €41.8m, reflecting the investment restraint in the auto industry. Aumann, a producer of speciality machinery and automated production lines, published its Q119 results yesterday. Revenue grew by 6.6% year-on-year to €67.4m. EBIT of €6.9m was basically unchanged vs Q118, resulting in a decline in EBIT margin to 10.2% from 11% in Q118.
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Leoni (LEO); earnings took another hit in Q119 burdened by write downs and provisions
Company hopes for improvement in EBIT and FCF over the course of the year
Wiring systems supplier Leoni stated that asset write-downs and restructuring charges added up to a burden of €102m in the first quarter of the year. Overall, the group reported a Q119 EBIT loss of €125m vs a positive EBIT of €63m in Q118. Leoni had already shocked the market a couple of times in the last months when disappointing Q418 results were followed by very weak guidance for 2019. Investor confidence was then dealt another blow in March with the suspension of Leoni’s full year guidance.
Read more...German Startups Group GmbH & Co KGaA (GSJ); reports on portfolio developments
Stake at AuctionTech increases to 23.4% from 19.9%
Due to higher third-party objectivized valuation, GSG recognised an increase in the value of one of its focus investments by c €1.0m. It also recorded a minor upward revaluation on another portfolio holding. This was however accompanied by a value reduction on another important portfolio company of €0.7m.
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MPC Münchmeyer Petersen Capital AG (MPCK); reports slight decline in the Q119 results from lowe
Management reconfirmed the guidance for FY19
Today MPC published its financial results for Q119, posting €10.0m in revenues and €0.7m in EBT, which is slightly below Q118 results of €10.1m and €1.1m respectively. The decline was mainly due to lower transaction activity,partially offset by higher revenues from asset management. The company reconfirmed guidance for a slight increase in sales and, at least, a break-even on an EBT level.
Read more...Euromoney Institutional Investor (ERM); underlying revenue grew 1%
Underlying subscription revenue in PDMI is up 8%
Euromoney reported results for the six months ended 31 March 2019, revealing statutory PBT was down 59%, mainly due to the gain on disposal of Dealogic in December 2017.
Read more...Circle Property (CRC); reveals portfolio value up 9.23% to £124.6m
NAV increased 20.43% to £78.4m
Circle Property posted its trading update ahead of its preliminary results for the year ended 31 March 2019. NAV increased 20.43% to £78.4m, while £9.5m of non-core retail and roadside assets were disposed of at above book value. The company says the proceeds of the sales will be recycled into the company’s refurbishment and redevelopment pipeline, in addition to future investment opportunities.
Read more...National Grid (NG.); PBT decreases 3% to £2.4bn for FY2019
National Grid delivers almost £640m of savings for UK customers over the last six years according to CEO
National Grid posted its final results for the year ended 31 March 2019. Operating profit fell 2% to £3.4bn, partly offset by higher property profit and favourable US legal settlements. EPS increased 5% to 58.9p, while the RoE was 11.8% and the full year dividend stood at 47.34p.
Read more...Regional REIT (RGL); announced new lettings to four new tenants
Regional REIT announced new lettings to both its UK core and core plus office, as well as their industrial assets to four new tenants
Regional REIT announced new lettings to both its UK core and core plus office, as well as their industrial assets to four new tenants. Regional also announced tenancy extensions re-lettings and flexible leases at three of its other properties.
Read more...Mercia Technologies (MERC); Locate Bio receives £2.0m equity investment
Mercia Technologies announced that its Life Sciences direct investment, Locate Bio, has received an additional £2.0m of investment
Mercia Technologies announced that its Life Sciences direct investment, Locate Bio, has received an additional £2.0m of investment. Locate received £1.8m of direct investment from Mercia and the remaining from the Midlands Engine Investment Fund. Mercia’s direct equity stake is presently 21.6%.
Read more...Ocean Wilsons Holdings (OCN); revenue decreases 16% to $100.5m for Q1 2019
Ocean Wilsons Holdings announced its first quarter update for the three months ended 31 March 2019, showing that port terminal and logistics revenue decreased 10% to $60.3m
Ocean Wilsons Holdings announced its first quarter update for the three months ended 31 March 2019, showing that port terminal and logistics revenue decreased 10% to $60.3m, mainly due to a higher average USD/BRL exchange rate in the period at 3.77.
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