Advanced Photonics Technologies AG
Preliminary figures for 2007 business year and notice of loss pursuant to § 92 para. 1 Stock Corporation Act (SCA)
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. ---------------------------------------------------------------------- Preliminary figures for 2007 business year and notice of loss pursuant to § 92 para. 1 Stock Corporation Act (SCA) Munich, 5 March 2008 – Primarily due to value adjustments to the goodwill of the subsidiary El-tosch, on the basis of preliminary calculations the management board of AdPhos AG anticipates that in the corporate group the 2007 business year will be completed with a significantly higher annual loss than expected, namely in the amount of approx. EUR 8 million. The further unsatisfactory course of business in the printing segment in the 2007 business year, mainly with products for sheet offset printing machines, with an operating loss (EBIT) in the amount of approx. EUR 2 million, as well as the general economic development and most recently in par-ticular the current assessment of the course of business and price development in the business with UV dryers for sheet offset printing machines, have led to a changed assessment of the good-will as well as the investment book value of Eltosch GmbH. In the current assessment of the management board, the necessary value adjustments to the in-vestment book value of Eltosch and to subsidiary-ranking claims of AdPhos AG against the group companies engaged in this business segment as well as the loss carry forwards from the previous year lead to a loss of more than half of the share capital in the individual financial statements of Adphos AG prepared according to the German Commercial Code. The management board is plan-ning appropriate measures which are intended to bolster the equity, and will call a general share-holders' meeting pursuant to § 92 para. 1 SCA without delay in which it will give notice of the loss as well as report on the status of the implementation of the measures. The date for the general meeting will be published in the invitation announcement. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Information and comments of the issuer of the adhoc notice dated 5 March 2008: The 2007 corporate group result is marked, in addition to the operating loss, largely by the prob-able substantial value adjustments to the goodwill of the subsidiary Eltosch. The business with the UV and infrared dryers for sheet offset printing machines has led to substantial losses after a mas-sive fall in prices during the last printing crisis. Through product rationalisation and strict restructur-ing measures it was possible to implement significant cost reduction measures which at least for the future allow the expectation of a balanced result. The NIR technology business is not affected by the unfavourable business development in the area of UV and infrared dryers either in the core business of AdPhos AG in digital printing or in the syn-thetics industry nor at AdPhos Steel GmbH. The stock of orders in the business segment steel in the past weeks reached a historic high of approx. EUR 10 million. With the NIR technology AdPhos has at its disposal an innovative thermal process technology which offers many advantages for customers such as higher process speed, significantly lower space requirements and energy efficiency combined with a unique selling feature for AdPhos. In addition, through the efficient use of clean electric energy for example for large dryers in the steel industry, the NIR technology of AdPhos provides clear advantages in terms of environmental im-pact compared to the burning of fossil fuels for the operation of conventional hot air dryers (CO2 effect). AdPhos Advanced Photonics Technologies AG Dr. Rainer Gaus Bruckmühler Str. 27 D-83052 Bruckmühl-Heufeld Tel.: +49 (0)8061-395100 Fax: +49 (0)8061-395110 rainer.gaus@adphos.de 05.03.2008 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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