Frauenthal Group reports increased revenue and EBITDA in 2017 

Vienna, 25 April 2018 

  • Annual results for 2017
  • Outlook for 2018
  • Dividend

Annual results for 2017

The Frauenthal Group reported record revenue of EUR 904.5m in 2017, which represented a year-on-year increase of EUR 129.1m or 16.6%.

Revenue at Frauenthal Automotive stood at EUR 284.1m, a year-on-year improvement of EUR 95.2m or 50.4%. This chiefly reflects the acquisition of the Automotive Division’s new powertrain business unit, which contributed EUR 91.4m to Group revenue in the period from April to December. Frauenthal Trade’s performance was positive, with revenue gains of EUR 33.9m (up 5.8%) to EUR 620.4m. This growth was chiefly attributable to strong demand from large-scale construction projects.

The Frauenthal Group’s earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR 37.1m were up EUR 3.7m on the previous year’s underlying total of EUR 33.4m1. Both the Frauenthal Trade and Frauenthal Automotive divisions made positive earnings contributions, with EBITDA of EUR 20.2m (up 16.3%) and EUR 20.1m (up 11.0%) respectively. The powertrain business unit’s EBITDA was EUR 1.2m for the period April-December 2017. Both divisions’ increased earnings stemmed from market growth. The Trade Division achieved cost savings.

As a result of the impairment of EUR 21.5m recognised in the powertrain business unit, the Frauenthal Group reported negative EBIT of EUR -1.8m. Underlying EBIT (i.e. after adjustment for impairment) amounted to EUR 19.8m2, which represented a year-on-year improvement of EUR 1.6m.

Equity declined by EUR 7.4m from EUR 101.8m to EUR 94.4m, primarily as a result of the loss for the period and the rise in total assets following the acquisition of the powertrain business unit. The equity ratio declined from 28.7% as at year-end 2016 to 22.6% as at 31 December 2017.

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Changes on the Executive and Supervisory Boards of Frauenthal Holding AG – Hannes Winkler appointed Executive Board Chairman

Vienna, 13 December 2017

The Frauenthal Holding AG Supervisory Board has appointed Hannes Winkler as Executive Board Chairman and Johann Schallert as Chairman of the Supervisory Board, both with effect from 1 January 2018.

At today’s meeting of the Frauenthal Holding AG Supervisory Board, Hannes Winkler was appointed Chairman of the Executive Board for a three-year term beginning on 1 January 2018. He will step down as Chairman of the Supervisory Board with effect from 31 December 2017. His replacement is Johann Schallert, who will take over as Supervisory Board Chairman on 1 January 2018.

Wolfgang Knezek’s term of office as a member of the Executive Board will expire on 31 December 2017, at which time he will step down from the Board. Mr Knezek will retain his seat on the Executive Board of Frauenthal Service AG.

As of 1 January 2018, the Executive Board of Frauenthal Holding AG will consist of Hannes Winkler (Chairman) and Martin Sailer.

Also with effect from 1 January 2018, the Frauenthal Holding AG Supervisory Board will consist of the following four members elected by the Annual General Meeting: Johann Schallert (Chairman), Dietmar Kubis (Deputy Chairman), Birgit Eckert and Johannes Strohmayer.

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