DGAP-Adhoc: euromicron AG: Reorganization measures and

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Nov 4, 2015 at 5:45 PM

DGAP-Adhoc: euromicron AG: Reorganization measures and other factors impact fiscal year 2015 result - increased operating profitability expected from 2016 on

euromicron AG / Key word(s): Change in Forecast 04.11.2015 23:32 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Frankfurt/Main, November 4, 2015 - euromicron AG has revised its previous forecast on its operational EBITDA margin for the current fiscal year 2015 in the course of preparing its interim financial statements for the third quarter of 2015. Based on the preliminary results for the third quarter of 2015 that are now available, operating EBITDA for the first nine months of 2015 is EUR 5.8 million, and thus approx. EUR 4 million lower than the comparative figures from the previous year. Despite the strong fourth quarter that the company expects and stable development of sales and new orders thus far in the current fiscal year, this decline in earnings cannot be compensated for by the end of the year. Consequently, the Executive Board now expects an operational EBITDA margin in the range of between 4% and 5% for the current fiscal year. The execution of reorganization measures will most likely reduce the EBITDA margin by 1 to 2 percentage points. Furthermore, disinvestments on loss-making investments and strategically irrelevant investments will result in depreciation effects in the mid-single digit millions. The forecast on the EBITDA margin published together with the semi-annual report for the current fiscal year was at the lower end of the range between 6% and 8% and, including the reorganization measures, between 5% and 7%. With respect to total sales for the current fiscal year 2015, the Executive Board still assumes that this figure will be at the lower end of the forecasted EUR 340 million to EUR 360 million for the current year. Postponements of orders in the area of production and outstanding export licenses in the supply business have resulted in a decline in earnings. The system house business of the segments North and South had worked on completing projects that were assessed as being free of losses in the 2014 annual financial statements. These projects will not render a contribution margin in the current fiscal year and lower earnings. The revision of the annual forecast can also be attributed to the reorganization measures as part of the strategic realignment that are expected to impact earnings to a greater extent than expected. At the same time, the Executive Board expects these measures to result in a significant increase in operational earnings power in the next fiscal year 2016. The company will be publishing the complete report on the third quarter of 2015 on November 6, 2015. euromicron AG (www.euromicron.de) is an all-round solution provider for communications, transport, data and security. euromicron's network infrastructures integrate voice, video and data transport wirelessly, via copper cable and by means of fiber-optic technologies. euromicron builds leading applications, such as security, control, healthcare or surveillance systems, on the basis of these cutting-edge network infrastructures. Founded on its expertise as a developer and producer of fiber-optic components, euromicron AG is a strongly growing, highly profitable group that is listed on the stock market, has a medium-sized character and focuses on operational growth, integration and further market penetration, internationalization and expansion. euromicron AG Investor & Public Relations Zum Laurenburger Hof 76 60594 Frankfurt/Main, Germany Phone: +49 69 631583-0 Fax: +49 69 631583-17 e-mail: IR-PR@euromicron.de www.euromicron.de Securities identification number A1K030 ISIN DE000A1K0300 04.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: euromicron AG Zum Laurenburger Hof 76 60594 Frankfurt/Main Germany Phone: +49 69 631583-0 Fax: +49 69 631583-17 E-mail: info@euromicron.de Internet: www.euromicron.de ISIN: DE000A1K0300 WKN: A1K030 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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