Rohwedder AG
Rohwedder AG: Successful Year-end Balance-sheet Restructuring
Rohwedder AG / Miscellaneous 23.12.2009 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. --------------------------------------------------------------------------- · Cost savings target exceeded · Strengthening of equity capital achieved Bermatingen, Germany, December 23, 2009. By the year's end the 2009 cost savings target, revised upward to EUR 30.0 million in June, is likely to have been even exceeded by around EUR 2.0 million with an effect on result. The Rohwedder Group had already reached its original target of EUR 24.0 million for the year at the end of the third quarter of 2009. Rohwedder AG Management Board member and CEO Manfred G. Mueller had already told the 2009 Annual General Meeting that the Company's overriding objective in fiscal 2009 was to counteract the crisis with radical cost savings and at the same time to maintain a restart capability for its customers. Furthermore a decision by the consortium of banks strengthens Rohwedder AG's equity capital by EUR 5.0 million. At the same time, the resulting positive impact on interest improves the Company's liquidity. About Rohwedder: With around 750 employees worldwide the Rohwedder Group is a leading provider of system solutions and standard products for automation technology. It serves its customers directly in the three key markets Europe, America and Asia. Rohwedder automation plant is used mainly in the following industries: automotive supplies, telecommunications and electronics, and medical technology. Brand names the Rohwedder Group represents include JOT Automation and MIMOT. Rohwedder AG stock (ISIN DE0007057705) is listed on the Frankfurt Stock Exchange in the General Standard segment. Rohwedder AG Diana Varwyk Corporate Communications Kesselbachstrasse 1 D-88697 Bermatingen Germany T +49 7544 502-219 F +49 7544 502-275 E-mail: diana.varwyk@rohwedder.com www.rohwedder.com 23.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Rohwedder AG Kesselbachstraße 1 88697 Bermatingen Deutschland Phone: +49 (0) 7544 502-219 Fax: +49 (0) 7544 502-275 E-mail: info@rohwedder.com Internet: www.rohwedder.com ISIN: DE0007057705 WKN: 705770 Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin, München End of News DGAP News-Service ---------------------------------------------------------------------------
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