Alno AG publishes key figures for H1 2010
ALNO AG / Half Year Results/Miscellaneous
20.08.2010 19:27
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.
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- Positive EBIT of EUR 1.5 million (H1 2009: EUR -2.8 million)
- Revenues total EUR 233.7 million (H1 2009: EUR 240.0 million)
- Outlook for year as a whole confirmed
Düsseldorf, August 20, 2010 - In the first six months of 2010 Alno AG
continued its restructuring as part of the 'ALNO 2013' concept, and was
able to increase its operating results and earnings after taxes compared to
the same period of the previous year. EBIT lifted from EUR -2.8 million in
H1 2009 to EUR 1.5 million. Consolidated earnings improved from EUR -11.8
million to EUR -2.4 million.
At the same time, the Group recorded consolidated revenues of EUR 233.7
million. This figure is 2.6 percent lower than the EUR 240.0 million
recorded in the first six months of 2009. This is primarily due to the
continued weak export business as a result of the real estate crisis in
Southern Europe and the UK. The revenues recorded outside Germany fell by
almost eight percent to EUR 66.8 million. In contrast, revenues in Germany
only fell by around one percent to EUR 166.9 million, although business
with low-margin products was consciously discontinued in Germany in order
to increase profitability. In total, three of the four group brands
(Wellmann, Impuls and Pino) recorded higher revenues. Revenues for the Alno
brand were strategically reduced as part of the repositioning and
reorganization of the product range. This significant increase in the
quality of the Group's income has thus created a new platform for growth.
Thanks to the 'ALNO 2013' concept, which has run on schedule to date, the
slight improvement in the economy which has been enjoyed for the past few
months, and the business growth in the first half of 2010, Alno AG's
Managing Board has a confident view of the remainder of the year. In
connection with the process improvements already implemented as part of the
restructuring and the ongoing optimization projects, the management has
thus confirmed its forecast of being able to further increase its operating
result in 2010 compared to 2009 before the restructuring costs still to be
incurred. The company believes that this is conditional upon the market for
kitchen furniture not slumping by a double-digit amount in the coming
months compared to the previous year.
Alno AG's full H1 report will be available for downloading on its Web site
www.alno.de in the Investor Relations section on August 31, 2010.
Contact:
ALNO AG
Head of Corporate Communication & Investor Relations
Andrea Wolf
Airport Office I, Peter-Müller-Straße 14/14a
40468 Düsseldorf
Telephone: +49 / 211 / 159 785 - 33 16
Telefax: +49 / 211 / 159 785 - 77 3316
20.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ALNO AG
Airport Office I, Peter-Müller-Straße 14/14a
40468 Düsseldorf
Deutschland
Phone: +49 / 211 / 159 785 33 16
Fax: +49 / 211 / 159 785 77 3316
E-mail: andrea.wolf@alno.de
Internet: www.alno.de
ISIN: DE0007788408
WKN: 778840
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in München, Düsseldorf, Berlin
End of News DGAP News-Service
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