Advanced Photonics Technologies AG
Advanced Photonics Technologies AG: AdPhos group results 2007 and 3-month report 2008 (preliminary figures)
Advanced Photonics Technologies AG / Preliminary Results 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. ---------------------------------------------------------------------- AdPhos group results 2007 and 3-month report 2008 (preliminary figures) Munich, 30 May 2008 – The course of business of Advanced Photonics Technologies AG in the business year 2007, Bruckmühl, clearly fell short of the expectations of the company. The group operating income (EBIT) for this period amounts to app. -3.5 million EURO before special effects in the amount of app. -4.5 million EURO arising from the non-scheduled depreciation on intangible assets (impairments), after app. -2.4 million EURO in the 2006 business year. The annual loss for the 2007 business year will likely amount to 8.4 million EURO (after app. 2.3 million EURO in the 2006 business year). The consolidated group turnover in the 2007 business year was app. 29.5 million EURO after in the 2006 business year app. 29.8 million EURO was achieved. The full business report for the 2007 business year is currently still being prepared and will likely be published on 16 June 2008. The company presumes that the annual financial statements and the consolidated financial statements will receive the unqualified certifications of the auditors. On the basis of the delays in connection with the publication of the 2007 business report the regular general shareholder meeting will likely take place on 8 August 2008 within the statutory time limit of 8 months. The agenda will be announced together with the invitation. The course of business in the first quarter of the 2008 business year of the AdPhos group only partially met expectations. The group turnover in the first quarter 2008 was app. 7.0 million EURO and thus lay around 4% below the value of the same period in 2007 (7.3 million EURO) but did not reach the planned level in particular in the business segment steel. The consolidated operating income (EBIT) for the first quarter 2008 will likely be -0.3 million EURO (after –0.6 million EURO in the same period in the previous year). Due to the delay in the preparation and audit of the group financial statements, the publication of the interim report will also only occur on 16 June. Through the sale of the subsidiary Eltosch Torsten Schmidt GmbH in Hamburg, which was already reported on 8 May 2008, the focus of the business in the AdPhos group will in the future be even more on the development and marketing of the self-developed NIR technology with products for digital printing, strip metal coating and the associated thermal processes and for the thermal treatment of synthetic materials, in particular the production of PET containers. The development of further possibilities for application of the NIR technology will be more strongly pursued in the future in order to create new opportunities for growth. Contact: AdPhos AG Dr. Rainer Gaus Bruckmühler Str. 27 83052 Bruckmühl-Heufeld Phone: + 49 8061-395100 Fax: + 49 8061-395110 rainer.gaus@adphos.de 30.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Advanced Photonics Technologies AG Bruckmühler Str. 27 83052 Bruckmühl Deutschland Phone: +49 (0)8061 395-100 Fax: +49 (0)8061 395-110 E-mail: info@adphos.de Internet: www.adphos.de ISIN: DE0008288200 WKN: 828820 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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