Ad-hoc | 28 November 2008 14:24
REALTECH AG / Profit Warning
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Walldorf, November 28, 2008. According to the latest estimate for the
months of November and December, REALTECH AG will not be able to reach its
sales and EBIT growth targets in the fourth quarter of 2008. Up to the end
of October 2008, REALTECH AG was way above the published targets for sales
and EBIT growth (sales growth of 14% year on year, EBIT growth of 11% year
on year).
Based on the calculations, the Executive Board has concluded that the
annual forecast needs to be modified accordingly. The Executive Board now
expects to record sales growth of around 8% in the fiscal year 2008. As for
income from operations, an EBIT figure on a par with that of the previous
year is expected.
This revaluation has become necessary due to postponement of large-scale
projects that will no longer be implemented in fiscal year 2008 as a result
of the global economic crisis.
In view of this estimate for 2008 and the global economic crisis expected
in 2009, the Executive Board of REALTECH AG has established a Group-wide
cost-cutting program with immediate effect.
Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
investors@realtech.com
www.realtech.com
28.11.2008 Financial News transmitted by DGAP
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Language: English
Issuer: REALTECH AG
Industriestraße 39c
69190 Walldorf
Deutschland
Phone: +49 (0)6227 837-500
Fax: +49 (0)6227 837 9134
E-mail: investors@realtech.com
Internet: www.realtech.com
ISIN: DE0007008906
WKN: 700890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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