MUNICH, January 26, 2016 /PRNewswire/ --
The Munich-based Livia Group closed the 2015 financial year as the most active so far in the company's history.
In the area of Corporate M&A, a total of eight transactions were completed. The Livia Group managed to acquire six companies and successfully divested two portfolio companies. The Real Estate division was able to extend the existing portfolio by three new properties and implemented seven construction projects. Additionally, the wine-growing business was greatly expanded seeing the cultivated area expand from 33 to nearly 100 hectares.
Overall, the Group continued its strategy of internationalization beyond Germany's boarders with projects in Austria, Sweden, Italy, South Africa and India. All acquisitions were 100% equity financed. Moreover, the existing investments were able significantly improve their results.
Group revenues rose from € 300 million to approximately € 500 million with consolidated profit before taxes (EBT) rising to € 30 million. The Group employs more than 5,000 people and continues to be free of debt.
András v. Kontz
LIVIA Corporate Development SE
Alter Hof 5
SOURCE LIVIA Corporate Development SE