ALNO AG publishes results as of September 30, 2011
ALNO AG / Key word(s): Quarter Results
17.11.2011 17:54
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.
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Pfullendorf, November 17, 2011 - Consolidated revenue amounted to
EUR 330.9 million during the first nine months of the 2011 fiscal year,
representing a 4.0 percent decline compared with EUR 344.7 million in the
previous year. The ALNO Group's revenue and earnings trends during the
reporting period have primarily been burdened by parallel production of
both the new and the old WELLMANN product range at its Enger site. These
production problems have meanwhile been solved, and have - as announced -
led to no further losses since September. Despite lower revenue, the cost
of materials rose from EUR 200.6 million to EUR 209.9 million due to
increased sales of higher-quality ranges (particularly glass), and due to
suppliers' price increases. In sum, the consolidated EBITDA of the ALNO
Group was down from EUR 2.1 million in the previous year to EUR -12.5
million, and EBIT reduced from EUR -7.0 million to EUR -23.3 million. Next
to the revenue decline and the increased cost of materials, this
development is due to depreciation being up year-on-year due to a higher
level of investment in showroom kitchens.
Although the revenue decline in the reporting period can no longer be
completely recovered in the remainder of the fiscal year, the current
intake of new orders remains above the previous year's comparable figures.
Of particular note are newly acquired orders from Turkey, Poland and China.
In overall terms, ALNO is retaining the forecast that it issued as part of
its 2010 annual financial statements of an improvement in full-year
consolidated EBITA compared with the figure of around EUR 1.0 million that
was reported for 2010. This is particularly attributable to the
extraordinary income that is expected to be generated as part of the
Group's continued reorganisation.
ALNO AG is scheduled to issue its interim consolidated financial report
pursuant to Section 37x of the German Securities Trading Act (WpHG) within
the second half-year 2011 on November 18, 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),
17.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ALNO AG
Heiligenberger Straße 47
88630 Pfullendorf
Germany
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
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