Inside information

Annual financial statement 2019 / Annual General Meeting

The Executive Board of Alexanderwerk AG has prepared the annual financial statements and the consolidated financial statements for the 2019 financial year. The Supervisory Board has just approved these statements; the annual financial statements for the 2019 financial year have thus been adopted. The annual and consolidated financial statements have been issued in each case with an unqualified audit opinion by the auditors.

In the 2019 financial year, earnings before interest and taxes (EBIT) in the amount of EUR 0.57 million and a net income of EUR 2.44 million – calculated based on the provisions of the German Commercial Code (HGB) – were reported at the level Alexanderwerk AG. Accordingly, Alexanderwerk AG shows a negative net trading equity as of December 31, 2019 in the amount of approx. EUR 8.83 million.

At the Group level, the following key financial figures have been reported according to IFRS for the 2019 financial year:

The consolidated turnover amounted to EUR 24.06 million (2018: EUR 27.41 million).
The total performance (consolidated) amounted to EUR 23.28 million (2018: EUR 29.96 million).
Consolidated earnings before interest and taxes (EBIT) amount to EUR 3.92 million. (2018: EUR 6.19 million).
Earnings before taxes (EBT) amount to EUR 3.72 million (2018: EUR 6 million).
The consolidated net income amounts to EUR 2.47 million (2018: EUR 4.23 million).
Accordingly, the gains per share amount to EUR 1.37 (2018: EUR 2.35).

Moreover, the Executive Board and the Supervisory Board have just decided to postpone the Annual General Meeting, originally planned for June 25, 2020, at least until autumn 2020 due to the ban on meetings resulting from the COVID-19 pandemic and to protect our shareholders.

Remscheid, April 23, 2020

Alexanderwerk AG
Executive Board