Techem AG
Techem ends the partial fiscal year 2007/08 with a strong performance
Techem AG / Final 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. ---------------------------------------------------------------------- Eschborn, 30 June 2008. In the partial fiscal year 2007/2008 (1.10. to 31.3.), Techem, the energy sector service provider, stayed on the growth path it has been pursuing, if - as a result of seasonal factors in Techem’s core business - a comparison with the figures for the whole of the previous year is meaningful. Revenue in the fiscal 'half-year' amounted to 320.3 million euros as opposed to 559.4 million euros in the fiscal year 2006/07. Earnings before interest and taxes (EBIT) came to 53.7 million euros in the partial fiscal year, the previous year’s EBIT of 84.9 million euros being weighed down by special factors (merger costs, biomass thermal power station losses). Recurring EBIT without these special factors amounted to 59.1 million euros in the partial fiscal year, compared with 112 million euros in the previous year. A net income of 21.3 million euros meant that the level of the previous year (47.0) could not quite be maintained. 'It is true that our performance in the partial fiscal year cannot simply be doubled, on account of the seasonal nature of our business, but Techem remains on track', said Horst Enzelmüller as he explained these figures. For the current fiscal year, Enzelmüller wants to stay on the 'usual' growth path with a gain of 6 to 7 per cent. Both business fields contributed to the positive performance. Energy Services achieved revenue of 246.9 million euros, after 454.4 million euros the previous year. International operations also confirmed their positive trend with 43.3 million euros (81.3 million euros the previous year). Energy Contracting registered above-average growth of 73.4 million euros, already achieving over two thirds of the previous year’s revenue of 105 million euros after six months. This performance is primarily due to a successful new business involving commercially used property. Press / Investor Relations: Stefan Lutz Techem AG Hauptstrasse 89 D-65760 Eschborn Tel.: +49/6196/522 2990 Fax: +49/6196/522 2940 E-mail: stefan.lutz@techem.de 30.06.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- 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 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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