Nexus AG: Significant sales and operating result increase in the first Quarter 2020
In the first three months of 2020, sales increased from KEUR 35,465 (3M 2019) to KEUR 38,870. Consolidated earnings before interest and taxes (EBIT) increased by 11.7% from KEUR 3,882 (3M 2019) to KEUR 4,335. EBITA increased by 10.9% from KEUR 4,772 (3M 2019) to KEUR 5,290. EBITDA reached KEUR 8,419 in the first three months and consequently increased by 11.5% (3M 2019: KEUR 7,548). The consolidated annual surplus amounted to KEUR 3,037 (3M 2019: KEUR 2,855) and consequently increased by 6.4%.
The operating cash flow reached a value of KEUR 20,204 following the strong value of the previous year (3M 2019: KEUR 26,233). Nexus AG had net liquidity of KEUR 52,785 as of 31 March 2020 (previous year: KEUR 51,444). The result per share was EUR 0.19 in the first three months of 2020 (3M 2019: EUR 0.18).
Nexus AG has equity capital amounting to KEUR 117,226 (31 December 2019: KEUR 115,135). This demonstrates that Nexus AG has a sustainable and healthy balance sheet as well as sufficient capital for further financing of its European growth strategy.