AZEGO Aktiengesellschaft
AZEGO Aktiengesellschaft: Financial Results 2006 and Outlook 2007

AZEGO Aktiengesellschaft / Final Results/Final 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.
----------------------------------------------------------------------

AZEGO – Financial Results 2006 and Outlook 2007

Press Release according to § 15 WpHG

Munich, June 18th 2007 - AZEGO AG (formerly ACG Advanced Component Group
AG, ISIN DE0005007702) today announces its results for the 2006 business
year ending December 31st 2006.

Business Development

In the reporting period 2006 the group realized a turnover of € 52.4
million, which was € 27.5 million less than in the corresponding period
2005 (€ 79.9 million) and below the Board’s expectations. There are several
reasons for the decline as the reorganisation of the AZEGO group and its
offices worldwide is still going on and taking more time than estimated;
furthermore in 2006 there was no subsidiary working on the English market
as there had been in the years before; and most notably AZEGO had to deal
in 2006 again with a tight cash situation. Such cash shortage was mainly
caused by the fact, that the company could not yet get the VAT
reimbursement of € 6.2 million; as well as because of delays concerning
franchising projects.

The EBITDA from continuing operations improved significantly to € -5.5
million against € -22.7 million in the previous year. The losses on
disposal of investments debit the prior year result substantially. There
are no such disposals of investments in the actual year. In addition
measures were taken to reduce period costs.

The discontinued operations burdened the result for the business year 2006
with € -0.88 million (against € -3.2 million in the previous year).
Including the 'discontinued operations' the net loss amounted to € -8.9
million in 2006 (compared with € -28.8 million in the previous year)

The development of the cost structure in the group is as follows: Sales
expenses were reduced in 2006 to € 7.8 million (2005: € 9.3 million) und
the general administration expenses to € 5.7 million (2005: € 8.9 million).
This clearly reflects the company’s efforts towards streamlining as well as
towards increasing efficiency in all areas.

At the end of the business year the cash and cash equivalents including the
'discontinued operations' totalled € 1.4 million against € 7.6 million at
the previous year-end.

Together with an independent consultant, the company has developed a
financing program that gives the company the cash for future growth and
that contains further measures to improve the cash situation of the
company.

The number of employees averaged 142 in 2006 (2005: 179), therefore
expenses for salaries and wages including social contributions and
retirement benefits decreased by € 2.4 million to € 7.4 million in 2006
(2005: € 9.8 million).

Even though the planned figures for 2006 concerning turnover and result
have not been achieved, AZEGO has made one more big step towards its
turnaround due to accomplished cost saving measures and implemented
programs for increasing efficiency during the last business year.

Outlook 2007

AZEGO assumes that the worldwide positive development in the semiconductor
market will continue. Therefore, AZEGO is planning for the business year
2007 not only the consistent rising of margins and organic growth at
today’s company sites, but as well focusing on efficient (sales-)
structures in the whole group. Furthermore the franchising business will be
strengthened without neglecting other of AZEGO’s business areas.

The AZEGO Board expects for the year 2007 a further improvement of the
results compared to the last years. The restructuring process as well as
the focus on profitable products will go on in a forceful approach. The
Board expects for the 4th quarter 2007 positive results. Overall the total
result for 2007 will be slightly negative.

The complete annual report 2006 in German language is published on the
company’s homepage under the following link: www.azego.com / Investoren /
Berichte / Geschäftsberichte / Geschäftsbericht 2006

  

About AZEGO AG

AZEGO AG is an independent supplier of components and technology and
operates worldwide with logistics services in the semiconductor market. In
the meantime the Company is one of the ten leading independent distributors
of semiconductor components worldwide Based on the orders of our customers,
OEMs and CEMs, we procure semiconductor components independently and
undertake the management and marketing of excess inventories. With 19
locations in ten countries, about 140 highly qualified employees and
excellently stocked warehouses on four continents AZEGO offers its
customers tailored solutions.

AZEGO is listed in the General Standard at the Frankfurt Stock Exchange
since May 11th 2005.

More information about AZEGO AG you can find at www.azego.com.



Maisberger Whiteoaks Gesellschaft für strategische
Unternehmenskommunikation
Kirchenstraße 15
D-81675 München

Kerstin Beste-Stüker
Tel.: +49/89/419599-50

Thomas Hahnel
Tel.: +49/89/41 95 99-64

Fax: +49/89/419599-12
E-Mail: presse@azego.com
www.maisberger.com


DGAP 18.06.2007 
----------------------------------------------------------------------
 
Language:     English
Issuer:       AZEGO Aktiengesellschaft
              Hörselbergstraße 5
              81677 München Deutschland
Phone:        +49 (89) 41 95 99 64
Fax:          +49 (89) 41 95 99 12
E-mail:       presse@azego.com
www:          www.azego.com
ISIN:         DE0005007702
WKN:          500770
Indices:      
Listed:       Geregelter Markt in Frankfurt (General Standard); Freiverkehr
              in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------