Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Capsensixx AG    CPX   DE000A2G9M17

CAPSENSIXX AG

(CPX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

capsensixx AG: capsensixx lifts earnings in Q1 2020

05/28/2020 | 04:05am EST

DGAP-News: capsensixx AG / Key word(s): Quarterly / Interim Statement
capsensixx AG: capsensixx lifts earnings in Q1 2020

28.05.2020 / 10:00
The issuer is solely responsible for the content of this announcement.


capsensixx lifts earnings in Q1 2020

- Net commission income increases to EUR 5.6 million

- Consolidated net income increases to EUR 0.7 million

- Positive net income for the year expected in 2020 despite COVID 19 crisis

Frankfurt am Main, 28 May 2020 - capsensixx AG (ISIN DE000A2G9M17) today announced that it has continued its positive performance in a challenging market environment dominated by the COVID 19 virus and completed a successful first quarter of 2020. Boosted by the profitable core equity investments Axxion S.A. and Oaklet GmbH, the company improved its consolidated net income to EUR 0.7 million, up from the prior-year figure of EUR 0.6 million. After minority interests, consolidated net income rose to EUR 0.4 million, compared with EUR 0.03 million in the previous year. Both equity investments contributed to the positive performance.

Earnings before taxes (EBT) were steady year-on-year at EUR 0.9 million, while EBITDA came to EUR 1.5 million, compared with EUR 1.6 million in the same period of the previous year. Assets under administration as of April 30th 2020 amounted to EUR 8.1 billion, compared with EUR 9.0 billion at the end of 2019. This means that the decline was noticeably more moderate than the clearly negative performance of the capital markets. In the period under review, the group also succeeded in acquiring new clients. Net commission income increased to EUR 5.6 million in the period under review compared with EUR 5.4 million a year earlier.

The cost-income ratio improved to 63.6 in the first quarter of 2020, after coming in at 75.9 in the same period of the previous year. Driven by strict cost discipline, general administrative expenses fell to EUR 3.6 million, compared with EUR 4.1 million in the prior-year quarter.

At the end of the 1st quarter of 2020, capsensixx had cash and cash equivalents of EUR 8.1 million, an increase after EUR 7.8 million at the end of 2019. As a result of the positive performance, equity also improved to EUR 19.4 million after EUR 18.6 million at the end of 2019. With an equity ratio of around 64% at the end of the quarter, capsensixx has a very solid capital base.

capsensixx continues to expect to achieve a positive net income for the full 2020 financial year despite the existing uncertainties due to COVID-19, the effects of which on the economy and the company's performance in the further course of the year cannot yet be reliably predicted. capsensixx AG is also optimistic that it will meet its medium-term earnings targets as well.

Fabian Föhre, member of the Management Board of capsensixx AG: "We are very pleased with the results of the first quarter. They are a good basis for further business development. We intend to take advantage of the current market environment with our customized solutions for fund management, administration & accounting and capital markets & corporate services to further strengthen our positioning."

About capsensixx

capsensixx manages, structures, and executes financial products in various asset classes and product workflows in the financial sector for its customers (Financial Administration as a Service). The business model, which focuses on funds and alternative assets, is characterized by a high proportion of recurring income and profitable growth. The subsidiaries Axxion (capital management) and Oaklet (specialist for securitization and other financial services) have a very strong position on the German-speaking market in these two areas.

You can find more information at www.capsensixx.de

 

Contact:

capsensixx AG
Bettinastraße 57-59
D-60325 Frankfurt am Main
Tel. 069 / 7680 585 0
Fax. 069 / 7680 585 20
E-Mail: capsensixx@edicto.de

Media Relations
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
Tel. +49(0) 69/905505-52
E-Mail: capsensixx@edicto.de



28.05.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: capsensixx AG
Bettinastraße 57-59
60325 Frankfurt
Germany
E-mail: capsensixx@edicto.de
Internet: www.capsensixx.de
ISIN: DE000A2G9M17
WKN: A2G9M1
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1057397

 
End of News DGAP News Service

1057397  28.05.2020 

fncls.ssp?fn=show_t_gif&application_id=1057397&application_name=news&site_id=zonebourse

© EQS 2020
All news about CAPSENSIXX AG
2020CAPSENSIXX AG : capsensixx lifts earnings in Q1 2020
EQ
2020CAPSENSIXX AG : Preliminary announcement of the publication of financial reports..
EQ
2020CAPSENSIXX AG : leap in earnings in the 4th quarter of 2019 and a positive full ..
EQ
2019CAPSENSIXX AG : capsensixx AG implements the sale of coraixx GmbH & Co. KGaA to ..
EQ
2019CAPSENSIXX AG : 2020 EBITDA (after shares of third parties) of EUR 3.2 to 3.5 mi..
EQ
2019CAPSENSIXX AG : signs LOI for the sale of coraixx GmbH & Co. KGaA to the managem..
EQ
2019CAPSENSIXX AG : capsensixx AG after 9 months 2019 on schedule in sales and earni..
EQ
2019CAPSENSIXX AG : Consolidated earnings before taxes of EUR 1.75 million in the fi..
EQ
2019CAPSENSIXX AG : Preliminary announcement of the publication of financial reports..
EQ
2019CAPSENSIXX AG : capsensixx subsidiary Coraixx with strategic cooperation for the..
EQ
More news
Financials
Sales 2020 103 M 124 M 124 M
Net income 2020 5,30 M 6,39 M 6,39 M
Net cash 2020 18,8 M 22,7 M 22,7 M
P/E ratio 2020 18,3x
Yield 2020 1,68%
Capitalization 48,0 M 57,9 M 57,9 M
EV / Sales 2020 0,28x
EV / Sales 2021 0,20x
Nbr of Employees 104
Free-Float 18,9%
Chart CAPSENSIXX AG
Duration : Period :
capsensixx AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CAPSENSIXX AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 14,50 €
Last Close Price 13,70 €
Spread / Highest target 5,84%
Spread / Average Target 5,84%
Spread / Lowest Target 5,84%
EPS Revisions
Managers and Directors
NameTitle
Sven-Uwe Ulbrich Chairman-Management Board & CEO
Fabian Föhre Chief Financial Officer
Martin Stürner Chairman-Supervisory Board
Rudolf Locker Vice Chairman-Supervisory Board
Gregor Langer Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CAPSENSIXX AG7.03%57
BLACKROCK, INC.-3.75%106 004
UBS GROUP AG13.07%55 126
BANK OF NEW YORK MELLON CORPORATION (THE)-0.66%37 047
T. ROWE PRICE GROUP INC.7.10%36 959
AMERIPRISE FINANCIAL INC.13.85%25 830