Viscom AG: Measures agreed for ensuring liquidity and securing the future of the company


Viscom AG / Restructure of Company

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
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Hanover, 10 June 2009

The demand and economic situation faced by Viscom AG, as outlined in the interim report on 31 March 2009, remains difficult. The Executive Board of Viscom AG already introduced wide ranging measures aimed at ensuring liquidity and securing the company's future in 2008. These measures were bolstered at the end of the second quarter of 2009. 36 employees were offered a move to a transitional company in an effort to avoid lay-offs. Short time was also introduced in several departments of Viscom AG for the time being. The savings in personnel will result in around EUR 3 million per year in saved costs.
 
By implementing these measures, Viscom AG is now well positioned to overcome this economically weaker period.
 
The Executive Board of Viscom AG anticipates that revenue and net profit for the 2009 financial year will fall considerably short of the previous year's level. The company is still not in a position to make a quantitative forecast for the current financial year.
 
 
 
 
Insofar as this notice contains forecasts or expectations, or concerns statements regarding the future, these statements may be marked by risk and uncertainty. Therefore we cannot guarantee that the expectations will prove to be correct. Actual events and developments may deviate significantly from the expectations and assumptions expressed herein. Among the factors which may cause deviation are changes in the general economic situation, the competitive situation, exchange rates, interest rates and changes in national and international laws, among others. As a result the company assumes no responsibility to update the statements conveyed within this notice.


Contact:
Viscom AG
Investor Relations
Sandra Göde
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-850
Fax:  +49-511-94996-555
sandra.goede@viscom.de


10.06.2009  Financial News transmitted by DGAP

 
Language:     English
Issuer:       Viscom AG
              Carl-Buderus-Strasse 9-15
              30455 Hannover
              Deutschland
Phone:        +49 (0) 511 94 996 850
Fax:          +49 (0) 511 94 996 555
E-mail:       sandra.goede@viscom.de
Internet:     www.viscom.com
ISIN:         DE0007846867
WKN:          784686
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, München, Stuttgart  
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