Annual result 2016:                                                              Further progress in implementing growth strategy

Vienna, 27 April 2017 

  •  Revenue up 3% to EUR 754.4m
  • Earnings affected by extraordinary expenses
  • Integration expenses at Frauenthal Trade
  • Earnings growth in all of Frauenthal Automotive’s businesses
  • Outlook for 2017: growth driven by powertrain acquisition

 “2016 was a very satisfactory year for the Frauenthal Group: both the Frauenthal Automotive and Frauenthal Trade divisions reported improvements in profitability as a result of the Group restructuring implemented in 2014,” explained Frauenthal Holding Executive Board Director Martin Sailer.

Favourable market conditions played a decisive role in the revenue growth in both divisions: revenue increased by EUR 22.3m year on year, to EUR 754.4m. Revenue adjustments totalling EUR 21.1m (2015: EUR 58.6m) were recognised for the disposals of Frauenthal Automotive Azambuja SA and its sales subsidiaries and SHT Slovensko s.r.o. The Frauenthal Trade Division accounted for around 75.6% of total revenue, and Frauenthal Automotive for about 24.4%. Non-recurring effects had an impact on profit for the year: Frauenthal Trade recognised extraordinary expenses of EUR 3.5m in connection with the integration of logistics and IT systems, while deconsolidation expense in relation to the disposals of Frauenthal Automotive Azambuja and SHT Slovensko amounted to EUR 4.2m. Adjusted for this expense, the Frauenthal Group’s earnings before interest, tax, depreciation and amortisation (EBITDA) reached EUR 33.4m in 2016, a year-on-year increase of EUR 1.5m. Frauenthal Trade contributed EUR 17.3m of the total, and Frauenthal Automotive EUR 18.1m. Earnings before interest and tax (EBIT) climbed from EUR 17.4m in 2015 to EUR 18.2m.

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Acquisition of Mahle Motorenkomponenten GmbH completed

 Vienna, 3 April 2017

  • Entry into powertrain segment with takeover of two plants in Germany
  • Additional revenue of around EUR 125 million

  • Further upgrades of both facilities planned

The Frauenthal Group has completed the full acquisition of Mahle Motorenkomponenten GmbH. Frauenthal signed the related agreements with Stuttgart-based Mahle GmbH, one of the world’s leading suppliers to the automotive industry, on 30 January 2017. The transaction was concluded on 31 March 2017 following approval by the competition authorities. The Group has acquired two long-established plants, in Plettenberg (North Rhine-Westphalia) and Rosswein (Saxony), which have a total of 640 employees and in 2016 generated combined revenue of about EUR 125 million. The plants develop and produce forged parts for high load-bearing applications, such as connecting rods, camshafts and distributor boards for the passenger and commercial vehicle industries. Mahle is the market and technology leader in Europe, with a market share of over 30%. Dieter Spitzlay, CEO of Frauenthal Powertrain and formerly the manager of both plants, commented: “Our position as an important part of the Frauenthal Group will open up new opportunities for both locations. We are in a position to enhance our strategy, generate additional growth and deepen the value chain.”  

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