Kolbenschmidt Pierburg AG
Kolbenschmidt Pierburg AG:Commodity prices depress earnings
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Kolbenschmidt Pierburg AG:
Commodity prices depress earnings
Kolbenschmidt Pierburg AG’s three-quarter (3Q) sales in 2006 added up to
€1,645 million (up €115 million or around 8 percent).
The Group’s 3Q EBIT totaled €74 million (down from €101 million). The
decline was attributable to rising commodity prices that squeezed 3Q EBIT
by around €17 million, as well as to higher energy costs and to
restructuring burdens.
For all of 2006, group earnings will fall short of the high year-earlier
figure due to resurging commodity market prices. Nonetheless, operating
profits contributed in the final quarter of the year are expected to
outperform Q3.
Folke Heyer
Head of Corporate Communications
Kolbenschmidt Pierburg AG
Phone: +49 (2131)520 3010
(c)DGAP 06.11.2006
—————————————————————————
Language: English
Issuer: Kolbenschmidt Pierburg AG
Rheinmetall Allee 1
40476 Düsseldorf Deutschland
Phone: +49 (0)2131 520-3010
Fax: +49 (0)2131 520-2014
E-mail: folke.heyer@kolbenschmidt-pierburg.de
WWW: www.kspg-ag.com
ISIN: DE0007037905
WKN: 703790
Indices:
Listed: Amtlicher Markt in Frankfurt (General Standard), Düsseldorf,
Stuttgart; Freiverkehr in Berlin-Bremen, Hannover, Hamburg
End of News DGAP News-Service
—————————————————————————
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden