EMPRISE Aktiengesellschaft
EMPRISE Aktiengesellschaft:EMPRISE announces improved EBITDA and EBIT for the first half of 2008
EMPRISE Aktiengesellschaft / Half Year 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. ---------------------------------------------------------------------- Ad hoc release EMPRISE announces improved EBITDA and EBIT for the first half of 2008 - Turnaround strategy begins to bear fruit - Company adjusts sales and earnings forecast for the full year Hamburg, August 13, 2008. EMPRISE AG [ISIN: DE0005710503] today announced that it has recorded EBITDA of EUR 2.4 million (previous year: EUR 0.2 million) and EBIT of EUR 2.1 million (previous year: EUR -0.1 million) for the first half of 2008. Consolidated net income was EUR 1.5 million (previous year: EUR -0.8 million). This significant improvement is due to the package of turnaround measures that have been implemented to date and the resulting one-off effects such as the waiver of payments and termination benefits totaling EUR 2.8 million. The company's revenue in the first six months of the year decreased to EUR 7.2 million (previous year: EUR 12.3 million). Since the turnaround measures that have been implemented are having a positive effect, EMPRISE expects earnings for 2008 to be clearly in the black, in contrast to its previous guidance. At the same time, consolidation and the company's focus on its profitability will result in lower revenue, which is expected to be approximately EUR 12 million in 2008 (previous guidance: approximately EUR 18 million). As of June 30, 2008, EMPRISE had cash and cash equivalents of EUR 0.8 million (December 31, 2007: EUR 0.4 million). If the consistent implementation of the turnaround measures does not continue, the company's liquidity could be insufficient for it to continue as a going concern. --- End of the ad-hoc release --- --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: The half-yearly report will be available for download from the company's website at www.emprise.de from August 14, 2008. Financial information: Maren Wolff, EMPRISE AG, Tel.: +49.40.27072-133, Fax: +49.40.27072-139, e-mail: ir@emprise.de Press information: Grit Pauli, HOSCHKE & CONSORTEN Public Relations GmbH, Tel.: +49.40.369050- 31, Fax: +49.40.369050-10, e-mail: g.pauli@hoschke.de 13.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: EMPRISE Aktiengesellschaft Humboldtstr. 62 22083 Hamburg Deutschland Phone: +49 (0)40 27072-134 Fax: +49 (0)40 27072-139 E-mail: ir@emprise.de Internet: www.emprise.de ISIN: DE0005710503 WKN: 571050 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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