Preliminary IFRS Annual Figures of TUEV SUED Battery Testing GmbH
The TÜV SÜD Battery Testing GmbH joint venture was able to further increase its turnover by December 31, 2017: Compared to the previous year, sales increased by 39.8 % to 6,660 TEUR (previous year: 4,763 TEUR).
The balance sheet total increased by 37.0 % from 9,779 TEUR to 13,400 TEUR. On the asset side this is mainly due to the increase in cash pool receivables from TÜV SÜD AG in the amount of 1,600 TEUR and the increase in other receivables of affiliated companies of 1,400 TEUR and other assets of 600 TEUR. The shareholders’ equity increased due to the increase in capital reserves of 3,000 TEUR and the current net income for the year. A balance sheet profit in the amount of 904 TEUR is recorded.
The net profit increased from 253 TEUR to 803 TEUR, resulting primarily from the increase in sales revenues by 1,897 TEUR. This was offset by the increased personnel expenses of +528 TEUR, depreciation of +108 TEUR as well as other expenses of +494 TEUR.
EBITDA increased from 1,148 TEUR to 1,999 TEUR.
The equity ratio increased from 57.2 % to 70.1 %, mainly due to the rise in the balance sheet profit and the completed capital increase of 3,000 TEUR.
Turnover current year / previous year: + 39.8 %
Net profit for the year / previous year: + 217.9 %
Balance sheet profit year / previous year: + 792.9 %
EBITDA Year / previous year: + 74.1 %
Equity ratio 31.12.17: 70.1 %
Balance sheet total 31.12.17/31.12.16: + 37.0 %