Alno AG's Supervisory Board approves audited annual financial statements for 2009
ALNO AG / Final Results/Forecast
27.04.2010 15:12
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- Positive EBIT of EUR 1.1 million before extraordinary write-downs in 2009
- Revenues up 5.6 percent in H2 2009
- Losses in H1 compensated for in H2 with operating result of EUR 3.7
million before extraordinary write-downs
Pfullendorf/Düsseldorf, April 27, 2010 - Alno AG's Supervisory Board today
approved the annual financial statements for fiscal year 2009, which the
auditor's issued with an unqualified auditor's opinion. Alno has closed
2009 with consolidated EBIT of EUR 1.1 million before extraordinary
write-downs, compared to EUR 0.1 million in the previous year. This
development means that the Group has met its forecast of recording balanced
EBIT before extraordinary write-downs. These are one-off write-downs at the
facility in Pfullendorf for property, plant and equipment in the amount of
EUR 21.3 million and the amortization of goodwill in the amount of EUR 2.5
million as the result of impairment testing as part of the 'ALNO 2013'
concept. Instead of writing down these scheduled amounts over the coming
years, they were booked as a lump sum in 2009.
In the second half of 2009 the Group recorded positive EBIT of EUR 3.7
million (again before extraordinary write-downs), after recording negative
EBIT from January to June 2009 of EUR -2.6 million before the write-downs
described above. This upswing in operating business over the course of the
year was supported by revenue growth of 5.6 percent from H1 to H2, which
was due, in particular, to increased demand.
Over the year as a whole, revenues totaled EUR 493.4 million. This figure
was thus 3.5 percent lower than the EUR 511.2 million recorded in 2008.
This downturn in revenues was primarily due to weak exports, which were
caused, in particular, by the real estate crisis in Southern Europe and the
UK. In addition, the Group consciously did away with low-margin revenues in
Germany, with the aim of sustainably increasing profitability.
As part of the 'ALNO 2013' concept which has already been started and in
view of the positive business growth in the first few months of the new
fiscal year 2010, Alno AG's Managing Board is taking a positive view of the
remainder of the year. As a result of the improvements to workflows already
put in place and the ongoing restructuring, the Managing Board believes
that EBIT before restructuring costs still to be incurred will continue to
increase compared to 2009.
Alno AG's full annual report will be available for downloading on its Web
site www.alno.de in the Investor Relations section on April 30.
ALNO AG
Head of Corporate Communication & Investor Relations
Andrea Wolf
88629 Pfullendorf
Telephone: +49/7552/21-3316
Fax: +49/7552/21-773316
E-mail: Andrea.wolf@Alno.de
27.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
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
Deutschland
Phone: 07552-21-0
Fax: 07552-21-773316
E-mail: andrea.wolf@alno.de
Internet: www.alno.de
ISIN: DE0007788408
WKN: 778840
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin, München, Düsseldorf
End of News DGAP News-Service
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