Significant sales and operating result increase in the third quarter 2019
In the first nine months 2019, sales increased from TEUR 95,943 (9M 2018) to TEUR 106,196. Consolidated earnings before interest and taxes (EBIT) increased by 13.7 % from TEUR 9,836 (9M 2018) to TEUR 11,184. EBITA increased by 14.4% from TEUR 12,507 (9M 2018) to TEUR 14,307. EBITDA reached TEUR 23,332 in the first nine months and consequently increased by 24.6% (9M 2018: TEUR 18,725). EBITDA includes the effects from the initial application of IFRS 16. Without this application, EBITDA would have increased from TEUR 18,725 to TEUR 20,230 (+8.0 %). The consolidated surplus amounted to TEUR 7,768 (9M 2018: TEUR 7,934) and decreased by 2.1% due to the high tax rate.
NEXUS AG has equity capital amounting to TEUR 112,132 (31 December 2018: TEUR 108,325). 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.