SOURCE: BAVARIA Industriekapital AG

May 19, 2008 01:35 ET

Bavaria Industriekapital AG publishes the first quarter results

MUNCHEN, GERMANY--(Marketwire - May 19, 2008) -

Bavaria Industriekapital AG had a good first quarter in 2008 with increased sales and profits:

The turnover of the group went up by 24% to EUR 117 million during the first three months of 2008. The income (EBITDA) of the operating companies increased to EUR 4.7 million (from EUR 0.6 million in the previous year). The strongest division was the automotive sector with EUR 7.1 million (previously EUR 4.8 million), the engineering division achieved EUR -0.7 million (previously EUR - 3.0 million) in the traditionally weak first quarter and in business services the earnings were down by EUR 0.5 million to EUR -1.7 million due to the integration of a new acquisition.

The operating income on a group level of EUR 22.8 million (previously EUR 1.0 million) is distorted by consolidation effects such as the sale of the Almec S.p.A. in April.

The net cash in the holding has increased by 17% at the end of the quarter to EUR 33.3 million and on the group level by 78% to EUR 71.2 million. The change is mainly due to the sale of Almec S.p.A. and the acquisition of Xenterio GmbH in January 2008. The management views the increased net cash as an important indicator for its success in improving the profitability of the acquired companies.

BAVARIA Industriekapital AG's 2007 group revenues were EUR 410 million, with a net result of EUR 23 million for the holding. The company is listed in the Entry Standard on the Frankfurt Stock Exchange. Headquartered in Munich, the group invests in companies with strong market positions and the potential to improve profits.

For further information please contact:

BAVARIA Industriekapital AG
Frau Svea Troester
Investor Relations
Tel +49 (0)89 7298 967 - 0

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