ALNO AG: ALNO sets course for profitable growth

ALNO AG / Final Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ALNO sets course for profitable growth

The Pfullendorf-based ALNO Group generated a slight rise in turnover to EUR
615.5 million in fiscal 2006 (previous fiscal year, 602 million). As
announced in December 2006, pre-tax earnings (EBT) are down on last year,
with a loss of EUR 13.9 million compared to EUR 0.2 million for the
previous fiscal year. Both turnover and EBT have been adjusted for the sale
of GEBA in April 2007. The results have been essentially affected by
balance sheet adjustments and rising costs of materials. The group’s
structural weaknesses have also prevented ALNO from benefiting from last
year’s market growth.

In order to sustainably improve results, structures and processes
throughout the corporation have being subjected to a 'Lean Management
Program'. Results should already improve by EUR 25 million in the next
twelve months. As part of an immediate cost-cutting program ALNO will cut
120 temporary and 180 administrative personnel, implemented in close
cooperation with the local works conucils. In addition, as ALNO’s reaction
to last year’s double-digit rise in the price of materials, a three percent
surcharge will be introduced on all products

Further savings of at least EUR 25 million in the mid-term should result
from a restructuring program. The focus of these measures is a reduction in
the range of ALNO products across the board, especially in the non-branded
kitchen range. The aim is to improve productivity at each of the company’s
locations and to achieve optimum coordination with a fitting product-mix. A
quality and sales offensive will accompany these measures.

In addition the group will strengthen its sales push throughout Europe
under the leadership of new Chief Sales Officer, Dr. Stefan Popp (51).

On Monday ALNO AG’s Supervisory Board appointed Dr. Stefan Popp to the
Board of Management responsible for sales and marketing. Popp, holding a
PhD in economics, was with BSH Bosch and Siemens Hausgeraete GmbH for 14
years, after which he was sales and marketing manager at ANDREAS STIHL AG &
Co. KG.  He also worked as a consultant and interim manager at Demag Cranes
& Components.

Through the measures now approved, ALNO Group should be profitable by 2008
and medium-term achieve a results margin (EBT), in the mid-term of over 5
per cent.

ALNO AG will present its annual report for 2006 at the accounts press
conference on June 13th 2007 in Stuttgart.





DGAP 21.05.2007 
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Language:     English
Issuer:       ALNO AG
              Heiligenberger Straße 47
              88630 Pfullendorf Deutschland
Phone:        07552-21-0
Fax:          07552-21-3400
E-mail:       alexia.sailer@alno.de
www:          www.alno.de
ISIN:         DE0007788408
WKN:          778840
Indices:      
Listed:       Amtlicher Markt in Frankfurt (General Standard), Stuttgart;
              Freiverkehr in Berlin-Bremen, München
 
End of News                                     DGAP News-Service
 
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