DGAP-News: Aves One AG / Key word(s): Quarter Results 
Aves One starts the 2021 financial year with favourable quarterly results and expects momentum to continue to grow 
2021-05-31 / 16:57 
The issuer is solely responsible for the content of this announcement. 
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Corporate News 
Aves One starts the 2021 financial year with favourable quarterly results and expects momentum to continue to grow 
  . Sales of EUR 24.6 million (PY (adjusted): EUR 23.9 million) 
  . EBITDA increases to EUR 17.8 million (PY: EUR 17.2 million) 
  . EBT (adjusted) of EUR 1.8 million (PY: EUR 3.2 million) 
Hamburg, 31 May 2021 - Aves One AG, an owner of durable rail assets, has started the financial year 2021 with 
favourable quarterly results. For the first time, the quarterly and previous year quarterly figures do not include the 
operational financial performance of the sea container business, due to the disposal of the sea container portfolio in 
March 2021, but figures of the continuing operations rail and swap bodies. 
Q1-2020 sales, adjusted for the storage park which was sold in Q1-2020, were slightly exceeded and increased from EUR 
23.9 million to EUR 24.6 million. Compared to the same quarter of the previous year, EBITDA increased slightly by 3.5 % 
to EUR 17.8 million (PY: EUR 17.2 million). EBT adjusted for effects in the financial result amounted to EUR 1.8 
million (PY: EUR 3.2 million). 
The Rail business, with its strong sales and results, is responsible for the positive start to the year.. In the first 
quarter of 2021, this business segment contributed revenues of EUR 21.7 million (PY: EUR 20.7 million). The EBITDA of 
the Rail business increased even more significantly from EUR 15.1 million to EUR 17.4 million. The increase is due, 
among other things, to investments in the Rail portfolio and the expansion of the fleet. Compared to the same period in 
the prior year, the Rail portfolio increased from around 10,400 to more than 11,100 freight wagons. 
"We look back on a challenging period, which was marked by the effects of the COVID 19 pandemic. This is also reflected 
in the utilisation of our rail assets, which fell from 93.4% to just below 90% in the first quarter compared to the 
same period last year. In recent weeks we have seen an upturn in demand, which is also reflected in increasing asset 
utilisation. This will be reflected in increasing key figures for sales and results. We are therefore optimistic about 
the full year 2021," commented Tobias Aulich, Member of the Management Board of Aves One AG, describing the dynamics. 
Based on the overall positive development of the Rail business, the Management Board confirms its forecast for the 2021 
financial year. Aves One expects a sales volume of more than EUR 100 million from the continuing business operations 
Rail and Swap Bodies - of which more than EUR 92 million from the Rail segment (PY Rail: approximately EUR 83 million). 
EBITDA is expected to exceed EUR 70 million in the current financial year - of which EUR 64 million will come from the 
Rail segment (PY Rail: around EUR 62 million). 
 
About Aves One AG 
Aves One AG is an asset owner of durable rail assets with a modern and profitable freight wagon portfolio. Aves One is 
an established participant in the European rail freight market. Its strategy is geared towards continuous optimisation 
and further expansion of its rail portfolio. With its registered office in Hamburg, Aves One AG is listed on the 
regulated market (Prime Standard) of the Frankfurt Stock Exchange (ISIN: DE000A168114; WKN: A16811). 
Further information 
www.avesone.com 
Contact 
Aves One AG 
Tobias Aulich, Management Board 
T +49 (40) 238 304 600 
E ir@avesone.com 
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2021-05-31 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Archive at www.dgap.de 
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Language:     English 
Company:      Aves One AG 
              Große Elbstrasse 61 
              22767 Hamburg 
              Germany 
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, Stuttgart; London 
EQS News ID:  1202752 
 
End of News   DGAP News Service 
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1202752 2021-05-31


 
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May 31, 2021 10:58 ET (14:58 GMT)