DGAP-Adhoc: COR&FJA AG: COR&FJA reduces earnings forecast

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News Desk 2018
DGAP-Adhoc: COR&FJA AG: COR&FJA reduces earnings forecast for the financial year 2013

COR&FJA AG / Key word(s): Change in Forecast 08.08.2013 14:59 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- COR&FJA reduces earnings forecast for the financial year 2013 (Leinfelden-Echterdingen, 8 August 2013) - COR&FJA AG is reducing its earnings forecast for the current financial year 2013. It now expects its earnings before interest, taxes, depreciation of tangible assets and amortisation of intangible assets (EBITDA) to amount to 3.0 million euros by year-end. The company's previous forecast for the current year was that EBITDA would amount to some 5.0 million euros. In addition to this, the company revised its total turnover forecast for 2013 downwards slightly from around 139.0 million euros to 135.0 million euros. One reason for this revised forecast is that measures in connection with restructuring the company once again necessitate the posting of expenses directly through profit and loss. Moreover, the slightly lower business volume generated by existing customers due to the general market situation has led to a decrease in turnover. Basically, COR&FJA is convinced that the company is on the right track in view of its ongoing cost-cutting programme and its planned strategic realignment, and that after a transitional year in 2013 it will return to a positive path of commercial development as from 2014 at the latest. The company will publish its consolidated financial statements for the first six months of 2013 on 15 August 2013. Issuing party: COR&FJA AG Investor Relations HumboldtstraÃ?e 35, 70771 Leinfelden-Echterdingen Tel. +49 711 94958-0 E-mail: investor.relationsâ??@â??cor.â??fja.com Internet: www.cor.fja.com WKN 513010, ISIN DE0005130108 Stock exchange centres: regulated market in Frankfurt (Prime Standard); open market in Berlin, Düsseldorf, Hamburg, Stuttgart 08.08.2013 DGAP's 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: COR&FJA AG HumboldtstraÃ?e 35 70771 Leinfelden-Echterdingen Germany Phone: +49 (0)711 94958-0 Fax: +49 (0)711 94958-49 E-mail: investor.relations@cor.fja.com Internet: www.cor.fja.com ISIN: DE0005130108 WKN: 513010 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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