ALNO AG publishes figures for 2010 and first quarter of 2011
ALNO AG / Key word(s): Final Results/Miscellaneous 30.05.2011 20:52 Dissemination 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. --------------------------------------------------------------------------- Düsseldorf / Pfullendorf, May 30, 2011 - ALNO AG has today published its financial figures for the past 2010 financial year and for the first quarter of 2011. In terms of EBIT before restructuring items, the Group reported a marked improvement from EUR -24.2 million in 2009 to EUR -2.2 million in 2010. As a consequence, the company achieved the forecast that the Managing Board issued last April of improving the operating result before restructuring costs. Following a positive EBIT before restructuring items in the first half-year, a negative result of EUR 3.7 million in the second half-year prevented a better overall result. Earnings before interest, tax, depreciation and amortization (EBITDA) fell from EUR 17.3 million in 2009 to EUR 1.0 million in 2010. The operating result (EBIT) improved from EUR -22.9 million in 2009 to EUR -11.1 million in 2010. ALNO AG reduced its consolidated net loss from EUR -39.0 million in 2009 to EUR -13.1 million in 2010. Full-year revenue stood at EUR 467.3 million, representing a 5.3% reduction compared with EUR 493.4 million in 2009. As part of the repositioning and product range streamlining, the management also consciously refrained from entering into low-margin revenues in the first half of 2010. This effect was also still evident in the third quarter since agreements on higher prices that the company entered into with important major customers did not take effect until August. The first positive effects arising from the new price structures are anticipated in the second quarter of 2011. Particularly in the fourth quarter of 2010, there were also negative effects from start-up problems in the production of the new WELLMANN product range at the Enger site. In addition, export business put the brakes on sales growth in 2010 due to the continued real estate crisis in Southern Europe and the UK. In the first quarter of the current year, revenue was down to EUR 108.7 million, compared with EUR 114.7 million in the comparable prior-year period - reflecting a 5.2% fall. In this quarter, too, start-up problems with the new WELLMANN product range exerted a negative impact on revenue. This burdening factor is currently being resolved. As part of the planned lower revenue base at the start of the year, EBITDA in the first quarter of 2011 fell to EUR -4.8 million, compared with EUR 1.9 million in the previous year. The operating loss (EBIT) also worsened from EUR -0.7 million in the first quarter of 2010 to EUR -7.5 million in the first quarter of the current year. For the full 2011 year, the Managing Board of ALNO AG expects that EBITDA will increase compared with 2011. Issuer: ALNO AG Heiligenbergerstrasse 47 88629 Pfullendorf, Germany ISIN: DE0007788408 German Securities Identification Number (WKN): 778840 Stock exchanges: Regulated Market in Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Berlin, Munich, DüsseldorfHenryk Deter cometis AG Unter den Eichen 7 / Gebäude D 65195 Wiesbaden Tel: +49 611 - 20 585 5-13 Fax: +49 611 - 20 585 5-66 30.05.2011 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: ALNO AG Airport Office I, Peter-Müller-Straße 14/14a 40468 Düsseldorf Deutschland Phone: Fax: E-mail: Internet: www.alno.de ISIN: DE0007788408 WKN: 778840 Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, München End of Announcement DGAP News-Service ---------------------------------------------------------------------------