AdCapital AG

Adcapital AG is a Germany-based private equity company that invests in companies from various industries, but with focus on electro-technology, metal and plastic processing, mechanical engineering, tool manufacturing and automotive. The Company’s product portfolio comprises BDT Bavaria Digital Technik GmbH, a system supplier for the printing press industry and provider of electronic manufacturing services; Erich Jaeger GmbH + Co KG, a producer of electronic connectors for automobiles; EW Hof Antriebe und Systeme GmbH, a producer and developer of special engines; FRAKO Kondensatoren- und Anlagenbau GmbH, a supplier of power capacitors, reactive power compensation systems, and active and passive line filters; frako power systems GmbH & Co KG, a provider of products and services in the field of cogeneration; KTS Kunststoff Technik Schmoelln GmbH, OPUS Formenbau GmbH & Co KG, a provider of sealing systems for the automotive industry, and Taller GmbH, a manufacturer of connector bridges.

Full List of Officers

Sonja Leibinger
Chairwoman of the Supervisory Board
Start date: 2011-7-8

Hans-Juergen Doeringer
Sole Member of the Management Board
Start date: 2011-4-1

Maximilian Bernau
Vice Chairman of the Supervisory Board
Start date: 2011-7-8

Hans-Joachim Holstein
Member of the Supervisory Board

Date of incorporation
Country of incorporation
Phone +49 7461 90065650
Fax +49 7461 90065655
Investor relations contact

+49 7461 90065653

Free float 5563970
Security description Common Stock
Main venue Frankfurt Stock Exchange
Ticker at main venue ADC
Location

Daimlerstrasse 14
78532 TUTTLINGEN

Share price
/
 
Earnings per share
=
3.03
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
0.01
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
0.02
Price
x
 
Shares
/
 
Own capital
=
0.04
Earnings per share
x
 
Shares
/
 
Own capital
=
0.01%
Dividend per share
/
 
Price
=
-0.29%
2017 2016 2015 2014 2013
Income statement
Revenue 159.51 142.69 135.55 128.05 129.40
Other Revenue, Total
Total Revenue 159.51 142.69 135.55 128.05 129.40
Revenue Change 11.8% 5.3% 5.9% -1% -0%
Cost of Revenue, Total 78.63 68.57 66.94 62.18 64.64
Gross Profit 80.88 74.12 68.61 65.88 64.76
Selling/General/Admin. Expenses, Total 45.41 64.73 61.12 57.74 56.49
EBITDA 12.20 8.02 8.04 7.83 7.69
EBITDA margin (%) 7.7% 5.6% 5.9% 6.1% 5.9%
Research & Development
Depreciation/Amortization 5.06 7.49 4.26 4.72 4.63
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) -0.79 0.00 -0.11 1.24 0.17
Other Operating Expenses, Total 24.05 1.37 -0.44 -0.93 0.40
Total Operating Expense 152.36 142.31 131.82 124.76 127.18
Operating Income 7.15 0.38 3.73 3.29 2.22
EBIT margin (%) 4.5% 0.4% 2.8% 2.4% 2.4%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets
Other, Net 0.26 0.00
Net Income Before Taxes 6.94 0.20 3.58 4.20 2.17
Provision for Income Taxes 3.31 1.95 1.89 0.62 1.44
Net Income After Taxes 3.63 -1.74 1.69 3.58 0.74
Minority Interest -2.45 -1.70 -1.16 -0.95 -0.88
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items 1.17 -3.44 0.53 2.63 -0.14
Total Extraordinary Items
Net Income 1.17 -3.44 0.53 2.63 -0.14
Total Adjustments to Net Income 0.00 0.00 0.00
Income Available to Com Excl ExtraOrd 1.17 -3.44 0.53 2.63 -0.14
Income Available to Com Incl ExtraOrd 1.17 -3.44 0.53 2.63 -0.14
Dilution Adjustment
Diluted Net Income 1.17 -3.44 0.53 2.63 -0.14
Diluted Weighted Average Shares 13.94 13.94 13.75 13.63 13.63
Diluted EPS Excluding ExtraOrd Items 0.08 -0.25 0.04 0.19 -0.01
DPS - Common Stock Primary Issue 0.00 0.25 0.40 0.50 0.50
Diluted Normalized EPS 0.07 -0.16 0.05 0.29 0.02
Balance sheet
Cash
Cash & Equivalents 8.82 8.43 13.64 22.68 25.17
Short Term Investments 0.00 0.00 0.00 0.00 6.01
Cash and Short Term Investments 8.82 8.43 13.64 22.69 31.17
Accounts Receivable - Trade, Net 20.61 17.36 15.99 17.23
Total Receivables, Net 31.87 26.62 21.11 20.65 22.55
Total Inventory 37.39 34.94 33.20 28.14 27.39
Prepaid Expenses 0.36 0.41 0.41 0.40 0.33
Other Current Assets, Total 0.00 0.00
Total Current Assets 78.44 70.39 68.36 71.87 81.45
Property/Plant/Equipment, Total - Gross 118.78 115.85 110.97 106.60
Accumulated Depreciation, Total -90.71 -87.24 -83.48 -80.46
Property/Plant/Equipment, Total - Net 26.37 28.07 28.60 27.49 26.14
Goodwill, Net 0.95 1.19 1.43 1.76
Intangibles, Net 2.13 0.98 1.34 1.08 0.92
Long Term Investments 0.85 0.07 0.08 0.08 0.06
Note Receivable - Long Term 0.69 0.69 0.69 0.69
Other Long Term Assets, Total 0.03 0.04 0.09 0.14 0.12
Total Assets 107.82 101.19 100.34 102.78 111.12
Accounts Payable 11.01 10.15 9.12
Payable/Accrued
Accrued Expenses 0.00
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Port. of LT Debt/Capital Leases
Other Current liabilities, Total 0.54 0.53 0.21
Total Current Liabilities 11.55 10.68 9.33 0.00
Long Term Debt 15.71 9.68 3.32
Capital Lease Obligations
Total Long Term Debt 15.71 9.68 3.32 0.00 0.00
Total Debt 15.71 9.68 3.32 0.00 0.00
Deferred Income Tax 0.03 0.02 0.08
Minority Interest 7.34 5.75 4.54 3.51 2.91
Other Liabilities, Total 13.33 12.66 12.43 23.40 28.40
Total Liabilities 47.95 38.80 29.70 26.91 31.31
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 41.70 41.70 41.70 41.70 41.70
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) 18.27 20.58 28.64 34.34 38.52
Treasury Stock - Common
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total -0.10 0.12 0.31 -0.17 -0.41
Total Equity 59.87 62.40 70.65 75.87 79.81
Total Liabilities & Shareholders Equity 107.82 101.19 100.34 102.78 111.12
Total Common Shares Outstanding 13.94 13.94 13.75 13.63 13.63
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq 4.14 4.34 4.95 5.38 5.66
Cashflow
Net Income/Starting Line 3.63 -1.74 1.89 4.86 0.74
Depreciation/Depletion 4.96 6.74 5.03 4.62 4.91
Amortization
Deferred Taxes -0.02 -0.07
Non-Cash Items -0.37 -0.72 -1.97 -2.22 -3.48
Changes in Working Capital -6.53 -5.14 -2.91 4.90 -1.36
Cash from Operating Activities 1.68 -0.87 2.05 12.13 0.75
Capital Expenditure -6.33 -5.94 -5.75 -5.84 -3.75
Other Investing Cash Flow Items, Total 3.24 0.19 0.48 0.07 4.28
Cash from Investing Activities -3.10 -5.75 -5.27 -5.77 0.53
Financing Cash Flow Items -0.47 -0.13 -0.13
Total Cash Dividends Paid -3.98 -5.82 -7.19 -7.38 -91.82
Issuance (Retirement) of Stock, Net 0.00 0.95 0.59
Issuance (Retirement) of Debt, Net 6.03 6.36 0.97 -1.42 0.04
Cash from Financing Activities 1.57 1.35 -5.76 -8.80 -91.78
Foreign Exchange Effects 0.24 0.06 -0.06 -0.04 0.06
Net Change in Cash 0.40 -5.21 -9.05 -2.48 -90.44
Cash Interest Paid 0.47 0.13 0.13
Cash Taxes Paid -3.22 -1.85 -0.55
Values are in EUR and expressed in million