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PRESS RELEASE: capsensixx AG: capsensixx lifts earnings in Q1 2020

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DGAP-News: capsensixx AG / Key word(s): Quarterly / Interim Statement
capsensixx AG: capsensixx lifts earnings in Q1 2020

2020-05-28 / 10:00
The issuer is solely responsible for the content of this announcement.

*capsensixx lifts earnings in Q1 2020 *

*- Net commission income increases to EUR 5.6 million*

*- Consolidated net income increases to EUR 0.7 million *

*- Positive net income for the year expected in 2020 despite COVID 19 crisis

*Frankfurt am Main, 28 May 2020 - *capsensixx AG (ISIN DE000A2G9M17) today
announced that it has continued its positive performance in a challenging
market environment dominated by the COVID 19 virus and completed a
successful first quarter of 2020. Boosted by the profitable core equity
investments Axxion S.A. and Oaklet GmbH, the company improved its
consolidated net income to EUR 0.7 million, up from the prior-year figure of
EUR 0.6 million. After minority interests, consolidated net income rose to
EUR 0.4 million, compared with EUR 0.03 million in the previous year. Both
equity investments contributed to the positive performance.

Earnings before taxes (EBT) were steady year-on-year at EUR 0.9 million,
while EBITDA came to EUR 1.5 million, compared with EUR 1.6 million in the
same period of the previous year. Assets under administration as of April
30th 2020 amounted to EUR 8.1 billion, compared with EUR 9.0 billion at the
end of 2019. This means that the decline was noticeably more moderate than
the clearly negative performance of the capital markets. In the period under
review, the group also succeeded in acquiring new clients. Net commission
income increased to EUR 5.6 million in the period under review compared with
EUR 5.4 million a year earlier.

The cost-income ratio improved to 63.6 in the first quarter of 2020, after
coming in at 75.9 in the same period of the previous year. Driven by strict
cost discipline, general administrative expenses fell to EUR 3.6 million,
compared with EUR 4.1 million in the prior-year quarter.

At the end of the 1st quarter of 2020, capsensixx had cash and cash
equivalents of EUR 8.1 million, an increase after EUR 7.8 million at the end
of 2019. As a result of the positive performance, equity also improved to
EUR 19.4 million after EUR 18.6 million at the end of 2019. With an equity
ratio of around 64% at the end of the quarter, capsensixx has a very solid
capital base.

capsensixx continues to expect to achieve a positive net income for the full
2020 financial year despite the existing uncertainties due to COVID-19, the
effects of which on the economy and the company's performance in the further
course of the year cannot yet be reliably predicted. capsensixx AG is also
optimistic that it will meet its medium-term earnings targets as well.

Fabian Föhre, member of the Management Board of capsensixx AG: "We are very
pleased with the results of the first quarter. They are a good basis for
further business development. We intend to take advantage of the current
market environment with our customized solutions for fund management,
administration & accounting and capital markets & corporate services to
further strengthen our positioning."

*About capsensixx*

capsensixx manages, structures, and executes financial products in various
asset classes and product workflows in the financial sector for its
customers (Financial Administration as a Service). The business model, which
focuses on funds and alternative assets, is characterized by a high
proportion of recurring income and profitable growth. The subsidiaries
Axxion (capital management) and Oaklet (specialist for securitization and
other financial services) have a very strong position on the German-speaking
market in these two areas.

You can find more information at www.capsensixx.de [1]


capsensixx AG
Bettinastraße 57-59
D-60325 Frankfurt am Main
Tel. 069 / 7680 585 0
Fax. 069 / 7680 585 20
E-Mail: capsensixx@edicto.de

Media Relations
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
Tel. +49(0) 69/905505-52
E-Mail: capsensixx@edicto.de

2020-05-28 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: capsensixx AG
Bettinastraße 57-59
60325 Frankfurt
E-mail: capsensixx@edicto.de
Internet: www.capsensixx.de
ISIN: DE000A2G9M17
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange
EQS News ID: 1057397

End of News DGAP News Service

1057397 2020-05-28

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ad8a05bb719cf434096acae493e1f384&application_id=1057397&site_id=vwd&application_name=news

(END) Dow Jones Newswires

May 28, 2020 04:00 ET ( 08:00 GMT)

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