systaic AG
systaic AG publishes preliminary half year figures 2010 and adjusts guidance
systaic AG / Half Year Results/Change in Forecast 09.08.2010 14:52 Dissemination 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. --------------------------------------------------------------------------- systaic AG publishes preliminary half year figures 2010 and adjusts guidance Due to the board changes published on 6 August, the report on the first six months of 2010 will be published on 31 August instead of the 10th. The preliminary half-year data are available, though. They reflect the already consistently adopted restructuring course and the re-alignment of the company which will, among other things, lead to sales and revaluations of subsidiaries. On sales of about 14 million euros (30 June 2009: 120.9 million euros), the Group's earnings before interest and taxes (EBIT) according to preliminary numbers is at about minus 28 million euros (30 June 2009: 3.8 million euros). As of 30 June 2010, total assets of the Group were at about 146 million euros versus 150.7 million euros in the comparable period of the previous year. With consolidated equity of about 58 million euros (30 June 2009: 65.3 million euros), SYSTAIC reported an equity ratio of about 40 per cent as of 30 June 2010 compared to 43.4 per cent as of 30 June 2009. Due to the business performance of the SYSTAIC Group up to now, the full year forecast for the current fiscal year has to be adjusted. The previously communicated sales target for 2010 of 250 million to 260 million euros included several big projects whose realisation is no longer feasible. Sales expectations now reach from 25 to 35 million euros. A positive Group result after taxes can now no longer be expected. A detailed forecast can only be given in the further course of the year. However, the management expects to successfully close the first restructuring phase until the end of the current fiscal year and to be able to announce a positive development for 2011. Contact: systaic AG Investor Relations Benrather Straße 18-20 40213 Düsseldorf Germany Phone: 0049-211-828559-0 Fax: 0049-211-828559-229 ir@systaic.com www.systaic.com 09.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: systaic AG Benrather Straße 18-20 40213 Düsseldorf Deutschland Phone: +49 (0)211 828559-0 Fax: +49 (0)211 828559-29 E-mail: ir@systaic.com Internet: http://www.systaic.de ISIN: DE000A0JKYP6 WKN: A0JKYP Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Berlin, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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