DGAP-News: Aves One AG expands portfolio by around EUR 110 million with rail acquisitions

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Hamburg, June 11, 2021 - Aves One AG, an owner of durable rail assets, has signed further acquisitions to expand its rail portfolio.

Metadata

Provider:

EQS

Retrieved on:

Friday, June 11, 2021

Information

Tags:

Rail freight transport, Deutsche Bahn, Rail transport

Geotags:

HAMBURG

⚠ generated by AI ↴

Organisation:

AVES ONE AG

Summary

Key Points:

Hamburg, June 11, 2021 - Aves One AG, an owner of durable rail assets, has signed further acquisitions to expand its rail portfolio.
In total, transactions with a volume of around EUR 110 million have been agreed for tank, intermodal and freight wagons.
After full delivery of the newly acquired rail assets, the rail asset volume would rise to more than EUR 850 million.
Aves One AG is an asset owner of durable rail assets with a modern and profitable freight wagon portfolio.

DGAP-News: Aves One AG

/ Key word(s): Acquisition

Aves One AG expands portfolio by around EUR 110 million with rail acquisitions

11.06.2021 / 11:01

The issuer is solely responsible for the content of this announcement.

Corporate News

Aves One AG expands portfolio by around EUR 110 million with rail acquisitions

Hamburg, June 11, 2021 - Aves One AG, an owner of durable rail assets, has signed further acquisitions to expand its rail portfolio. In total, transactions with a volume of around EUR 110 million have been agreed for tank, intermodal and freight wagons. Around half of the deliveries are scheduled to be made in the course of the current fiscal year. As a result, the new wagons will contribute to further growth in earnings and assets in the 2021 financial year. The remaining units will be delivered by 2023.

In addition, around 126 tank and intermodal wagons with a volume of around EUR 11.5 million were added to the portfolio in the first quarter of 2021. This brings the rail portfolio to more than 11,100 units as of March 31, 2021 - an increase of 6.7 percent year-on-year. After full delivery of the newly acquired rail assets, the rail asset volume would rise to more than EUR 850 million. This represents an increase of almost 15 percent compared to March 31, 2021.

"Our pipeline underscores our growth trajectory in an attractive market environment. We are currently experiencing high demand for our rail assets. This is reflected not least in the fact that we have been able to steadily increase our utilization rate over the course of the year. Accordingly, we are in a good position for the rest of the year," explains Tobias Aulich, Member of the Management Board of Aves One AG.

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 [email protected]

11.06.2021 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:	Aves One AG
	Große Elbstrasse 61
	22767 Hamburg
	Germany
Phone:	040 696528 350
Fax:	040 696528 359
E-mail:	[email protected]
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:	1207083


End of News	DGAP News Service

1207083 11.06.2021