Klöckner-Werke AG / Half Year Results 29.07.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Frankfurt am Main, 28 July 2008 Due to international economic momentum slowing, the record figures of the previous year were not quite achieved. However, the operating subsidiaries did achieve a slight upturn in profitability. At 519.3 million, sales achieved by the Klöckner Group in the first six months of 2008 were 58.9 million lower than the equivalent figure of the previous year, which was marked by the extraordinarily high order level in 2007. In the reporting period, total incoming orders declined to 475.7 million (previous year: 539.7 million). EBIT in the first six months of the year at 19.5 million was down 3.9 million year-on-year. The decline is due entirely to the results impact at the holding companies. On the other hand, the largest operating unit, the KHS Group generated an EBIT of 19.9 million, exceeding its previous-year result by 4 percent. Overall the Other Industrial Holdings segment repeated the good operating result of the previous year. EBT for the Klöckner Group at 14.0 million was 5.6 million lower than in the comparable period of the previous year. Consolidated net income for the period at 8 million was 13.1 million lower year-on-year. The reason for this is the earnings impact from deferred taxes. Last year deferred tax assets of 9.5 million were recognised on loss carryforwards of Klöckner-Werke AG. In addition, differences between IFRS and HGB resulted in deferred tax expenses of 3.6 million. The half-year financial statements of the company will be published on Friday, 8 August 2008. The Management Board Contract for enquiries: Klöckner-Werke AG Andrea Spiekermann Media/Investor Relations Tel.: 069 90026-510 Fax: 069 90026-44-510 kommunikation@kloecknerwerke.com DGAP 29.07.2008 --------------------------------------------------------------------------- Language: English Issuer: Klöckner-Werke AG Postfach 17 04 55 60078 Frankfurt am Main Deutschland Phone: +49 (0)69 900 26 0 Fax: +49 (0)69 900 26 110 E-mail: kommunikation@kloecknerwerke.de Internet: www.kloecknerwerke.de ISIN: DE0006780000 WKN: 678000 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Klöckner-Werke AG: Provisional figures for the first half-year 2008
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