OIM announces net profit of 3.39 million euros over 2012, a significant increase compared to 2011
Organic growth and new contract strengthen OIM over 2012
Investment holding company OIM plc (Opportunity Investment Management) announced today its financial results for the year 2012. The company declares a net profit of 3.39 million euros for 2012, compared to a profit of 2.72 million euros in 2011. This leads to a 18 cents earnings per share in the final figures for 2012, compared to a 15 cent earnings per share in 2011. OIM plc’s two subsidiaries Fleischhauer Group and Your Drinks AG (former MySparta AG) increase their profitability, thanks to the expansion of their business activities.
- OIM announces a net profit of 3.39 million euros for 2012, compared to a profit of 2.72 million euros in 2011
- This leads to a 18 cents earnings per share in the results for 2012, a sharp increase, compared to a 15 cent earnings per share in 2011.
- Total shareholder equity ratio increased from 47% to 60%, with a total consolidated equity value of 14.3 million euros (in 2011 this amounted to 9.8 million euros).
- Total turnover was increased by 7% to 44.7 million euros in 2012, compared to 41.7 million euro’s over 2011.
- For further details, please see the Report and Financial Statements year ended 31 December 2012 on www.oimplc.com (Investor Relations).
OIM’s main activities in 2012
In a difficult economic environment, OIM plc and its subsidiaries Fleischhauer Group and Your Drinks AG achieved further growth and realized their goals and commitments. Hence, OIM plc is pleased to show a strong growth in earnings per share for its shareholders. However, due to market circumstances OIM plc was not able to achieve a full subscription for the zero-bond and therefore cancelled the issue in April 2012 as well as the acquisition of Today’s Beheer & Brokers.
OIM plc acquired Out of Africa AG, which is presently trading under the name Out of Africa, a German company with a trading facility on the German ‘Freiverkehr’. In the course of 2013, this subsidiary should provide a platform for further synergetic acquisitions and an expansion of business activities as part of a buy-and-build strategy. Out of Africa is 90.8% owned by OIM plc.
Milestones 2012: Fleischhauer Group and Your Drinks AG
OIM’s success is based on an increased profitability of the Fleischhauer subsidiary which is currently generating the major part of the group’s revenues. Fleischhauer Group is a company located in Germany specialized in independent services and technical, mostly integrated solutions for buildings in the areas of information technology and security technology. In 2012 Fleischhauer made progress with regard to expansion of business activities and mainly strengthened its market position in Germany through organic growth. The company is 95.9% owned by OIM plc. Fleischhauer is now mainly operating in Northern Germany, but intends to gradually expand its area of operations to the south as well. Fleischhauer may realize this through an acquisition but is also actively looking for qualified personal to expand its organic growth as well.
Your Drinks is a subsidiary company whose purpose is to acquire profitable businesses with a positive cashflow. During 2012 OIM realized a first step in its business plan for Your Drinks. The company, which has a trading facility on the ‘Freiverkehr’, signed a Letter of Intent in November 2011 with Energy Brands Ltd., providing for a participation by Your Drinks in the Asian business of Mad-Croc, one of the fastest growing companies in energy drinks in Europe and the USA (Mad-Croc sold approx. 100 million cans worldwide in 2011). The agreement included a royalty contract for the Chinese marketing and a share in net profit of 30.8% in the Indian Mad-Croc offshoot. In exchange for the transfer of the share in profits, Energy Brands obtained a 35% interest in Your Drinks, thus reducing OIM plc’s stake to 49.3%.
Outlook for the financial year 2013
In the past years, OIM plc’s management focused mainly on the restructuring of the holding company and the Fleischhauer Group, which is now resulting in a considerable increase of profitability. This provides a scope for expanding the activities in other business areas as well. Especially the contract for Mad-Croc in China and India might bring direct result in the coming year. For the year 2013, OIM plc expects a further profit increase.
However, the subsidiary Fleischhauer will remain the main pillar of the financial holding in the near future. A successful acquisition process in Germany in order to strengthen the competitive position would thus be an essential step for the entire group. OIM plc and Fleischhauer’s management are preparing this step very carefully and are optimistic regarding it success, especially as Germany’s highly fragmented services market offers numerous opportunities for acquisition.
Marius Ritskes, CEO of OIM plc, commented:
“We expect to create further investment opportunities and strengthen present business streams, which should lead to higher earnings per share, as the results of the first months of this year have demonstrated. Furthermore, we will stay focused on shareholders’ value including dividend payments in the near future.”
OIM is actively seeking business opportunities as well as new capital to realize further rapid growth.
For additional information, please contact:
OIM plc
Marius Ritskes, CEO
+31 40 214 65 65
info@oimplc.com