Techem AG
Techem maintains upward trend
Techem AG / Quarter 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. ---------------------------------------------------------------------- Revenue and profits grow significantly Eschborn, 8 August 2007. Techem AG, Europe’s leading provider of services to the housing and real estate industry, increased its revenue and earnings in line with expectations in the first nine months (1.10. to 30.06.) of the fiscal year. Revenue rose by 7.6 percent from EUR 391.2 in the same period last year to EUR 421.0 million, and 'recurring' EBIT increased by 3.6 percent to EUR 80.7 million (previous year EUR 78.0 million). Net income was 11.2 percent higher at EUR 48.2 million (EUR 43.3 million). Techem is thus following the anticipated growth path forecast for the current fiscal year. The negative effects of takeover attempts in the first nine months of the current fiscal year have not significantly impacted the operating activities of the Group. During the current fiscal year, Techem provides information about 'recurring' EBIT because extraordinary items have arisen to a significant extent and new billing software has brought about a faster posting of revenues and incomes during the year. The extraordinary items primarily comprise consultancy costs in connection with the defense against the takeover bid (EUR 11.3 million) and the accounting gain on the disposal of Techem IT Services (EUR 7.4 million). EBIT without adjustment for extraordinary developments remained stable at EUR 78.6 million compared to EUR 78.7 million last year. Both business areas managed to post significant revenue increases. Energy Services was up 8,6 percent to EUR 341.8 million (EUR 314.7 million). The business area is continuing to achieve brisk sales for leading-edge radio-based technology. In the meantime, 27.8 percent of all 31.9 million measuring devices in Germany are radio-controlled compared with 23.2 percent one year ago. The mild winter and lower energy prices compared with the same period last year are having a tangible effect on the Energy Contracting revenue. The business area was nevertheless able to increase its revenue by 13.6 percent to EUR 79.2 million (previous year EUR 69.7). International revenue rose by 16.3 percent from EUR 44.9 million to EUR 52.2 million. Techem has left its outlook for the year as a whole unchanged. An increase of between 6 and 7 percent is being sought for revenue and 'recurring' EBIT, while the Company wants to attain a sustainable EBIT margin of 18 to 20 percent. Investor Relations contact: Sebastian Freitag Tel. + 49 6196 522 2406 sebastian.freitag@techem.de Press contact: Stefan Lutz Tel. + 49 6196 522 2990 stefan.lutz@techem.de DGAP 08.08.2007 ---------------------------------------------------------------------- Language: English Issuer: Techem AG Hauptstr. 89 65760 Eschborn Deutschland Phone: +49 (0)6196 522-0 Fax: +49 (0)6196 522-3000 E-mail: investor@techem.de Internet: www.techem.de ISIN: DE0005471601 WKN: 547160 Indices: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden