burgbad Aktiengesellschaft
burgbad AG: Results for 1st half of 2010
burgbad Aktiengesellschaft / Half Year Results 12.08.2010 11:06 Dissemination 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: Results for 1st half of 2010 Bad Fredeburg, 12 August 2010 - burgbad AG, the European market leader for premium bathroom furniture, can look back on a satisfactory 1st half of 2010. At EUR 41.4 million, burgbad's sales improved by 2.5% compared with the figure of EUR 40.4 million reported for the 1st half of 2009. Sales in Germany grew from EUR 24.2 million to EUR 26.2 million, while sales abroad decreased by EUR 1.0 million to EUR 15.2 million. International sales therefore accounted for 36.7% of total sales (previous year's period: 40.1%). On the earnings side, burgbad generated earnings before interest and taxes (EBIT) of EUR 3.5 million in the 1st half of 2010, compared with EUR 3.8 million in the previous year's period. This slight reduction in earnings was due above all to increased personnel expenses. The EBIT margin thus amounted to 8.3%, as against 9.4% in the previous year. Net income for the first six months was reported at EUR 2.5 million (1st half of 2009: EUR 2.7 million). Earnings per share amounted to EUR 0.70, compared with EUR 0.75 in the same period in the previous year. With regard to the 2010 financial year as a whole, the Management Board expects burgbad to outperform the overall market. Further information about the 1st half of 2010 can be found in the company's current interim report published at www.burgbad.de. The Management Board 12.08.2010 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: 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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