CFC Industriebeteiligungen AG releases financial figures for fiscal year 2011

• EBITDA for the group with EUR 2.3 mn positive
• Revenue decreased by 13.4 % based on comparable figure of the previous year
• Cash flow from operating activities amounts to EUR –1.9 mn
• Insolvency of main entities of Berndes-Group affects financial figures of 2011

Today, CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund, releases its annual report for 2011 and presents financial statements (HGB) for the past fiscal year. 

The insolvency of the main entities of Berndes-group in July 2012 had a significant impact on CFC‘s financial figures for the fiscal year 2011 and caused – on a group-level – allowances for depreciation of intangible assets related to the Berndes-Group in the amount of EUR 8.4 mn.

In fiscal year 2011 CFC generated group sales of EUR 79.3 mn. Even though it matches the level of the previous year CFC’s group sales figures include sales of NewTal Elektronik und Systeme GmbH, Neu-Ulm, which was acquired in 2011. Comparing last year’s portfolio composition group sales decreased by 13.4 %.

Earnings before interest, taxes, depreciation and amortization (EBITDA) are positive and amount to EUR 2.3 mn. As per December 31st 2011, CFC has a negative equity capital of EUR -7.0 mn on a group level. In consideration of minority interest in the result of the group, the net income attribut able to CFC’s shareholders amounts to KEUR -10.3 TEUR. This corresponds to a loss per share of EUR 1.22. 

The Cash flow from operating activities amounted to EUR -1.9 mn. As of December 31st 2011, cash and cash equivalents in the group amounted to EUR 2.4 mn.

In the future CFC will further intensify the development of its electronic-segment. 

The annual group report 2011 (German version only) will be made available for download from the company’s website (hhtp://www.cfc.eu.com) under Investor Relations/Financial Reports by end of business of October 1st 2012. Please be advised, that the annual group report 2011 contains the consolidated financial statements for which no auditor’s opinion has been issued as of today. The auditor’s opinion has not been issued yet, since negotiations with major creditors are still ongoing.