capsensixx AG / Key word(s): Preliminary Results/Annual Results
capsensixx with leap in earnings in the 4th quarter of 2019 and a positive full year
- EBITDA in the 4th quarter of 2019 rises to EUR 4.3 million (PY: EUR 1.4 million)
- EBITDA in the full year 2019 rises to EUR 9.2 million (PY: 7,8 Mio. Euro)
- Group companies Axxion and Oaklet can fully leverage their strength
Frankfurt am Main, 6 March 2020 - capsensixx AG (ISIN DE000A2G9M17), a leading provider of Financial Administration as a Service, has closed fiscal 2019 with a strong 4th quarter and recorded an altogether positive fiscal year. The strong year-end quarter underlines the operational capacity of the companies Axxion and Oaklet and hence of the capsensixx group as a whole after the disposal and deconsolidation of loss-maker coraixx GmbH & Co. KGaA (coraixx).
The following 2018 and 2019 ratios are stated before the deduction of minority interests, unless there is a separate reference to a deviation. According to preliminary and still unaudited figures, the group EBITDA according to IFRS amounted during the 4th quarter of 2019 to EUR 4.3 million versus EUR 1.4 million during the prior-year period. The earnings after taxes and minority interests turned to EUR +2.4 million after EUR -2.3 million during the prior-year period. (Q4 2018 comparative figures adjusted downward by EUR 1.9 million, effect from the deconsolidation of coraixx). On a full-year basis the EBITDA of capsensixx amounted in 2019 to EUR 9.2 million after EUR 7.8 million in 2018. As far as the group EBITDA is concerned, Axxion (ca. 80%) and Oaklet (ca. 20%) made equally positive contributions. The group earnings after taxes and minority interests were during the full year 2019 with EUR 2.5 million again significantly above the negative prior-year value of EUR -0.6 million (Q4 2018 comparative figures adjusted downward by EUR 1.9 million, effect from the deconsolidation of coraixx). In this connection the losses accumulated during the previous quarters in a different group structure were completely recovered during the 4th quarter and an altogether positive result was achieved. The net commission revenues (sales revenues minus transitory third-party commission revenues) amounted to EUR 23 million and were likewise above the prior-year level of EUR 22 million.
The publication of the Annual Report 2019 will take place on 27 April 2020. Together with the final 2019 figures capsensixx AG will also publish the forecast for fiscal 2020.
You can find more information at www.capsensixx.de
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||991221|
|End of Announcement||DGAP News Service|