- Divested companies burden group result for the last time
- EBITDA of the remaining portfolio companies is almost balanced, decrease in revenues of only approx. 3% compared to the previous year
- CFC is well-positioned for the future, given the positive developments of the remaining portfolio companies
In past fiscal year 2009 CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund, generated group sales of EUR 122.7 million. Compared to the previous year, this corresponds to a decrease in sales of 11.3%. However, the decline in revenues of the three remaining portfolio companies was limited to only 3%, despite the most severe economic recession since more than 60 years. The operating result (EBITDA) amounted to EUR -23.5 million, which mainly came from losses associated with the sale of delmod, Rosner, and Format as well as losses of these companies that were accounted for proportionately within the group. For the remaining portfolio companies, EBITDA was almost balanced. As per December 31st 2009, CFC has a total equity capital of EUR 12.6 million on the group level. This corresponds to an equity ratio of roughly 25.2%, given total assets in the amount of EUR 49.9 million. In consideration of minority interests in the result of the group, the net income attributable to shareholders of CFC amounts to EUR -19.6 million. This corresponds to a loss per share of EUR 3.1.
As a result of the measures implemented in the past year and the already visible accomplishments, CFC finds itself well-positioned for the future.
The complete annual report 2009 is available for download from the company website (http://www.cfc.eu.com) under Investor Relations/Financial reports.
CFC Industriebeteiligungen AG
Tel: + 49 (0) 231 222 40 500