DGAP-Adhoc: Aves One AG: Planned streamlining of the depot should provide increasing income in the coming years

2017. november 27., hétfő, 19:39

DGAP-Ad-hoc: Aves One AG / Key word(s): Miscellaneous

Aves One AG: Planned streamlining of the depot should provide increasing income in the coming years

27-Nov-2017 / 19:39 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Planned streamlining of the depot should provide increasing income in the coming years

- Rejuvenation and improved utilisation of the container fleet capacity by streamlining the depot

- One-off special write-down in the current year

- Planned reinvestment of the acquired liquidity in new containers at current favourable rents

Hamburg, 27 November 2017 - Aves One AG (Aves) has decided to make use of the positive price trend in the container market to optimise the portfolio. Therefore, the plan is to sell the majority of the currently unrented containers located in harbours where demand is low. The sale of these containers (approximately 7,000 units) is scheduled to be concluded at the end of the first quarter of 2018. So far, purchasers have been found for approximately 1,400 containers. The overall sale involves a one-off special write-down this year which is expected to amount to approximately EUR 4.0 million. No further negative effects are expected from this sale in 2018 - on the contrary:

The streamlining of the depot and the associated improvement in the use of capacity will have a positive effect on business performance in the coming years. In this way annual savings of approximately EUR 1.5 million can be achieved just in terms of the relevant depot costs for rented containers.

Furthermore, the liquidity expected from the transaction amounting to approximately EUR 6.5 million can be reinvested in new containers which will have attractive rent contracts.

Further information: www.avesone.com


Aves One AG

Jürgen Bauer, Management Board

T +49 (40) 696 528 350

F +49 (40) 696 528 359

E ir@avesone.com

27-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Aves One AG

Große Elbstrasse 45

22767 Hamburg

Phone: 040 696528 350
Fax: 040 696528 359
E-mail: ir@avesone.com
Internet: www.avesone.com
ISIN: DE000A168114
WKN: A16811
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Berlin, Dusseldorf

End of Announcement DGAP News Service

633147  27-Nov-2017 CET/CEST

Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.