burgbad Aktiengesellschaft
burgbad AG: Results for 1st Half of 2009
burgbad Aktiengesellschaft / Half Year 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: Results for 1st Half of 2009 Bad Fredeburg, 13 August 2009 - burgbad AG, the European market leader for premium bathroom furniture, can look back on a satisfactory 1st half of 2009. Consolidated sales for the first six months totalled EUR 40.4 million (H1 2008: EUR 41.8 million). Sales in Germany, the company's home market, improved from EUR 23.2 million to EUR 24.2 million. The international share of sales thus amounted to 40.1%. In terms of earnings, burgbad generated earnings before interest and taxes (EBIT) of EUR 3.7 million in the 1st half of 2009 (H1 2008: EUR 4.8 million). This corresponds to an EBIT margin of 9.1%, as against 11.5% in the previous year. Consolidated net income amounted to EUR 2.6 million at the end of the first six months (H1 2008: EUR 1.7 million). This improvement was due to the marked reduction in income taxes, which in the previous year had included a one-off, non-cash tax charge of EUR 1.6 million. First-half earnings per share improved year-on-year from EUR 0.49 to EUR 0.73. For the 2009 financial year as a whole, the Management Board continues to expect burgbad to outperform the market. This confidence is backed up by the strong market position built up by the company in recent years, as well as by the latest order figures. Further information on the 1st half of 2009 can be found in the company's latest interim report at www.burgbad.de. The Management Board Contact: Haubrok Investor Relations GmbH Linh Chung Phone: 0211/30126-101 Email: l.chung@haubrok.de 13.08.2009 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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