Klöckner-Werke AG
Klöckner-Werke AG: Key financial data for the 2008 financial year
Klöckner-Werke AG / Final Results Release of a Ad-hoc-correction according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- * Incoming orders EUR855.9 million (previous year: EUR1,076.1 million) * Sales EUR1,054.9 million (previous year: EUR1,115.5 million) * EBIT EUR-6.3 million (previous year: EUR52.4 million) Frankfurt am Main, March 12, 2009 - The Klöckner Group did not repeat its extraordinary result of the previous year in the 2008 financial year. As already announced in December 2008, the difficult global economic situation had a greater negative impact on business development than was expected. At EUR1,054.9 million, sales were just below the previous year. The level of incoming orders in the Group, which lay at EUR855.9 million, reflected customers' increasing investment restraint at the end of the year. The Group result was influenced by special effects in the 2008 financial year. EBITDA totalled EUR38.8 million (previous year: EUR70.8 million) and EBIT was at EUR-6.3 million (previous year: EUR52.4 million). There was a particular negative impact from write-downs on goodwill for one foreign company, as well as the creation of provisions for the international activities and for risks from contract settlement. EBT fell to EUR-18.2 million (previous year: EUR43.9 million). In the 2008 financial year, consolidated net income for the year in accordance with IFRS was EUR-35.8 million (previous year: EUR21.9 million). Klöckner-Werke AG's net loss for the year totalled EUR2.2 million for 2008 (previous year: EUR-19.4 million). Because of the Group's impaired income situation and Klöckner-Werke AG's negative net result for the year in line with German commercial law, no dividend can be distributed for the 2008 financial year. The company's complete annual financial statements are to be released on Tuesday, March 17, 2009 and will be presented at the press conference in Frankfurt am Main on this date. The Management Board --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Contact for further queries: Klöckner-Werke AG Andrea Spiekermann Media-/Investor Relations Phone: +49 69 90026-510 Fax: +49 69 90026-44-510 kommunikation@kloecknerwerke.com Kontakt für Rückfragen: Klöckner-Werke AG Andrea Spiekermann Media-/Investor Relations Tel.: 069 90026-510 Fax: 069 90026-44-510 kommunikation@kloecknerwerke.com 12.03.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Klöckner-Werke AG Postfach 17 04 55 60078 Frankfurt am Main Deutschland Phone: +49 (0)69 900 26 0 Fax: +49 (0)69 900 26 110 E-mail: kommunikation@kloecknerwerke.de Internet: www.kloecknerwerke.de ISIN: DE0006780000, DE000A0WMQY3 WKN: 678000, WKN A0WMQY Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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