AGOR AG
AGOR AG: AGOR AG reports half year results Q2/2008
AGOR AG / Half Year 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. ---------------------------------------------------------------------- • Consolidated revenues up by 25 % to EUR 29.3 million • Start-up losses for new plant reducing net profit to EUR -1.0 million Cologne, 22 August 2008 – In the first half of 2008 AGOR AG was able to increase its revenues by 25 % to EUR 29.3 million after commissioning its South German aluminium salt slag recycling plant. Start-up losses of EUR -2.2 million (prior-year period 2007: EUR -1.9 million) incurred in the first half of the year pushed net profit down to EUR -1.0 million (prior-year period: EUR -0.3 million). Start-up losses can mainly be attributed to presently too high marketing expenses for aluminium oxide which is produced by recycling salt slags. During the first industrial application an additional quality requirement was defined by the newly developed customer group. Measures are currently underway to deliver on this requirement. The strain on liquidity as a result of the start-up losses is likely to be resolved in line with further progress being made in optimising the new plant and further negotiations with customers and suppliers. The return on sales of 5 % at EBIT level for the current financial year may seem ambitious at present, but it is still achievable. Considering the negative interest result a loss is expected for the 2008 financial year. For further information please contact: AGOR AG Harald Matschos Tel.: +49 221 914099-31 or: MetaCom Corporate Communications GmbH Georg Biekehör Tel.: +49 6181 98280-30 22.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: AGOR AG Theodor-Heuss-Ring 28 50668 Köln Deutschland Phone: +49 (0)221 914099 17 Fax: +49 (0)221 914099 18 ISIN: DE0005546006 WKN: 554600 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found