DGAP-Adhoc: elexis AG: The final results of the first nine months of 2008

elexis AG / Quarter Results/Forecast

29.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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+++ elexis achieves a large profit increase in the first nine months of
2008: EBIT: + 15 %, net income for the period: + 1 %

+++ Incoming orders increase by 3 %, turnover increases by 14 %

+++ Reduced incoming orders in the plastics sector prompts the Board to
adjust the outlook for the whole year

+++ Tax burden expected from current audit

Wenden, October 29, 2008 – In the first nine months of 2008, the elexis
Group saw a clear increase in profit and turnover. A good level of incoming
orders for Factory Automation, Steel and Printing offset reduced orders for
Factory Automation, Plastics.

EBIT, net income for the period and earnings per share
Altogether in the reporting period, the elexis Group achieved earnings
before interest and taxes (EBIT) amounting to euro 20.0 million. Thus it
exceeded the comparable previous year’s value by 15 %. Of this, Factory
Automation, Steel and Printing represents euro 17.7 million and Factory
Automation, Plastics euro 3.7 million. Earnings after interest and taxes
(net income for the period) rose by 1 % to euro 10.5 million. Thus the
earnings per share of euro 1.13 (Q1 – Q3 2007) increased to euro 1.14 (Q1 –
Q3 2008).

Incoming orders and turnover
In the first nine months of 2008, incoming orders rose by 3 % to euro 134.8
million. Of this, Factory Automation, Steel and Printing represents euro
121.7 million and Factory Automation, Plastics euro 13.1 million. Turnover
rose by 14 % to euro 132.3 million. Both sectors accomplished a
double-digit percentage increase in sales.

Shareholders` equity and equity ratio
From the beginning of the year to September 30, 2008, the shareholders`
equity rose by 9 % to euro 68.8 million. The equity ratio increased from
47.5 % to 51.3 %.

Outlook 2008 
Large orders announced by US clients for Factory Automation, Plastics are
not yet received. In the entire 2008 financial year, management now expects
incoming orders of euro 173 to 185 million. In comparison to the previous
year, there is a decreased likelihood that even orders placed in the
remaining financial year can still be processed this year.

The reduced order volume will also affect slightly the sales and the
results. The turnover in the entire year will probably amount to euro 172
to euro 177 million. A value between 14 % and 15 % is expected with the
EBIT margin.

Furthermore, from the current audit of the tax office for the period 2003
to 2006, it appears that there are tax arrears. The background is
essentially a tax write-up for a holding company, which had its origins in
the restructuring phase in 2000/2001. From this probably results a tax
arrears payment of up to euro 2.0 million, which can however be partially
compensated through changes in latent taxes in respect of the tax rate.
These facts affect the quarterly result, with a one-off charge of euro 1.4
millions. The elexis AG expects the tax assessment on the results of the
audit of the period 2003 to 2006 at the start of 2009.

Due to the low debt position, high cash position and overall solid balance
relations, elexis is particularly well placed to counter the effects of the
financial crisis. The broad international placement and diversification
into various sectors will have an offsetting effect. The clear bias towards
technologically sophisticated niche markets, which occupy high market
shares, and the unabated innovative force will thereby form the foundation.

The complete results and the quarterly financial report of the first nine
months of 2008 are immediately available at www.elexis.de.

The shares of elexis AG (ISIN: DE 000 508 500 5) are listed in the Prime
Standard of the Frankfurt Stock Exchange. elexis AG ranks among the
companies of the SDAX.

Please address enquiries to:
Gabriele Bornemann
Manager Investor Relations
elexis AG
Industriestrasse 1, 57482 Wenden
Tel.: +49 (0) 2762 / 612 - 136 
Fax: +49 (0) 2762 / 612 - 135
E-mail: info@elexis.de
DGAP 29.10.2008 
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Language:     English
Issuer:       elexis AG
              Industriestraße 1
              57482 Wenden
              Deutschland
Phone:        +49 (0)2762 612 - 130
Fax:          +49 (0)2762 612 - 135
E-mail:       eicke@elexis.de
Internet:     www.elexis.de
ISIN:         DE0005085005
WKN:          508500
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Düsseldorf, Hamburg, Berlin, Stuttgart
End of News                                     DGAP News-Service
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