burgbad Aktiengesellschaft
burgbad AG: Preliminary Results for 2008
burgbad Aktiengesellschaft / Preliminary Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- burgbad AG: Preliminary Results for 2008 - Sales and operating earnings up on previous year - Clearly positive consolidated net income burdened by one-off, non-cash tax charge - New orders in first two months of 2009 slightly down on previous year Bad Fredeburg, 4 March 2009 - burgbad AG, the European market leader for premium bathroom furniture, hereby announces its preliminary results for the 2008 financial year. The company exceeded the previous year's sales in spite of the tense global economic situation. 'Customers have granted an especially warm reception to our product innovations and new guest/small bathroom solutions', commented Karl-Heinz Wennrich, CEO of burgbad AG, with regard to the positive business performance. Based on preliminary calculations, sales rose by 7.9% in 2008 to reach EUR 79.5 million (previous year: EUR 73.7 million). The expected level of earnings before taxes (EBT) grew by 10.1% from EUR 7.9 million to EUR 8.7 million in 2008. Earnings were substantially burdened by a one-off, non-cash tax charge of EUR 1.6 million, as a result of which the clearly positive net income based on preliminary calculations amounted to EUR 4.3 million (previous year: EUR 6.3 million). This is equivalent to earnings per share of EUR 1.23 (previous year: EUR 1.80). The implications of the financial crisis have made themselves felt in the first two months of 2009, especially in foreign markets. All in all, new orders were slightly down on the previous year's level. burgbad has thus nevertheless outperformed the overall market. The Management Board Contact: Haubrok Investor Relations GmbH Kaistr. 16 40221 Düsseldorf Fon +49 (0) 211-301260 Fax +49 (0) 211-30126172 m.kempkes@haubrok.de 04.03.2009 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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