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PRESS RELEASE: Aves One remains on the path of operational growth in the 1st quarter

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DGAP-News: Aves One AG / Key word(s): Quarterly / Interim Statement
Aves One remains on the path of operational growth in the 1st quarter

2020-06-02 / 08:30
The issuer is solely responsible for the content of this announcement.

*Aves One remains on the path of operational growth in the 1st quarter*

· *Quarterly revenues rise to EUR 33.7 million (previous year EUR 27.2
million)*

· *EBITDA grows to EUR 21.7 million (previous year EUR 20.6 million)*

· *EBT (adjusted) is EUR 1.8 million (previous year EUR 3.4 million)*

_Hamburg, June 2, 2020 - _Aves One AG is consistently pursuing its growth
path and in the first quarter of 2020 has recorded a further increase in
revenues and EBITDA compared to the same period last year.

Group revenues recorded a significant increase to EUR 33.7 million compared
to the first quarter of the previous year (previous year EUR 27.2 million).
This includes the sale of the company's last real estate property. This
transaction completed the exit from the real estate portfolio. After
deducting these one-off proceeds of EUR 3.4 million for the sale of the
property, revenues from operating activities rose to EUR 30.3 million, which
is roughly in line with the increase in the asset portfolio over the course
of the year.

EBITDA rose to EUR 21.7 million (previous year EUR 20.6 million), which is
less than the revenue from operations. This is due to expenses of around EUR
1.1 million recognised in profit or loss due to the sale of less profitable
assets in the container segment. Adjusted for the exchange rate effects
reported in the financial result, the EBT was therefore EUR 1.8 million
(previous year EUR 3.4 million).

"As expected, our growth course also shows positive effects in the first
quarter of 2020 despite the COVID-19 pandemic. The operating cash flow
amounted to more than EUR 22.0 million. Our core business remains stable.
Nevertheless, not all assets will generate the desired earnings this year
due to the global recession triggered by the COVID-19 measures. We have
therefore decided to review assets that develop weak prospects for the
future under these conditions and, if necessary, take appropriate action. In
the first quarter of 2020, around EUR 1.1 million was spent on this
portfolio optimization. By contrast, those areas that remain profitable will
continue to be strengthened and consistently expanded. We remain committed
to our forecast of achieving the strong figures of the previous year, in
other words a revenue volume of at least EUR 117 million and an EBITDA of at
least EUR 84 million", Jürgen Bauer, CEO of Aves One AG, comments on the
business figures.

For more detailed explanations of the key figures, please refer to the
quarterly report Q1-2020, which can be downloaded at the following link:
https://www.avesone.com/en/aves_investoren_publikationen_finanzberichte.php
[1]

*About Aves One AG*
Aves One AG is a strongly growing holder of long-life logistics assets with
a focus on freight cars. Containers and swap bodies are also part of the
portfolio. With a young and profitable freight car portfolio Aves One is one
of the leading European rail logistics asset managers. The strategy is
focused on the continuous optimization of its own stock and the further
expansion of its logistics portfolio. The Hamburg-based Aves One AG is
listed on the regulated market (Prime Standard) of the Frankfurt Stock
Exchange (ISIN: DE000A168114; WKN: A16811).

*Further information*
www.avesone.com [2]

*Contact*
Aves One AG
Jürgen Bauer, Executive Board member
T +49 (40) 696 528 350
F +49 (40) 696 528 359
E ir@avesone.com

2020-06-02 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Aves One AG
Große Elbstrasse 61
22767 Hamburg
Germany
Phone: 040 696528 350
Fax: 040 696528 359
E-mail: ir@avesone.com
Internet: www.avesone.com
ISIN: DE000A168114
WKN: A16811
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg,
Hanover; Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; London
EQS News ID: 1060415

End of News DGAP News Service

1060415 2020-06-02


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=14176a70023b16916030d50934daa15a&application_id=1060415&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=6a63b810ae245e45cb4b6456e5f41c21&application_id=1060415&site_id=vwd&application_name=news


(END) Dow Jones Newswires

June 02, 2020 02:30 ET ( 06:30 GMT)
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