burgbad Aktiengesellschaft
Preliminary figures for 1st half of 2008
burgbad Aktiengesellschaft / Miscellaneous 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. ---------------------------------------------------------------------- burgbad AG: Preliminary figures for 1st half of 2008 - Substantial growth in sales and EBIT - Net income for period negatively affected by non-recurring, non-cash tax charge - Further increase in incoming orders Bad Fredeburg, 28 July 2008 – Based on preliminary figures, burgbad AG achieved strong sales growth both in Germany and abroad, amounting to 10.3% in total, in the first half of 2008. Driven largely by the product innovations and newly developed guest bathroom solutions presented at the ISH 2007 sector fair, sales revenues rose from EUR 37.9 million to EUR 41.9 million. The company posted operating earnings (EBIT) of EUR 4.9 million (H1 2007: EUR 3.7 million), equivalent to an increase of 32.2%. EBT also showed significant growth, rising by 31.8% from EUR 3.7 million to EUR 4.8 million. Due to the assignment of the majority shareholding in burgbad AG, it will in future no longer be possible to utilise the tax loss carryovers available at the German companies. The write-down of the corresponding deferred tax assets has resulted in a non-recurring, non-cash tax charge of EUR 1.6 million. All in all, net income for the period amounted to EUR 1.7 million, compared with EUR 2.5 million in the first half of 2007. The Management Board is also confident with regard to the second half of the year. Incoming orders rose by 12.6% during the period under report to reach EUR 42.9 million (previous year: EUR 38.1 million). Extensive information concerning the first half of 2008 and an outlook for the financial year as a whole will be published in the interim report on 14 August. The Management Board Contact: Haubrok Investor Relations GmbH Michael Kempkes Tel.: +49 211 30126-0 E-Mail: m.kempkes@haubrok.de 28.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: burgbad Aktiengesellschaft Kirchplatz 10 57392 Schmallenberg Deutschland Phone: +49 (0) 2974.9617-0 Fax: +49 (0) 2974.9617-277 E-mail: info@burgbad.de Internet: www.burgbad.de ISIN: DE000A0EKLW0 WKN: A0EKLW Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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