DGAP-Adhoc: Masterflex AG revises earnings forecast for

Masterflex AG / Interim Report/Quarter Results

03.11.2008 

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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Ad hoc disclosure in accordance with section 15 of the German Securities
Trading Act (WpHG)
Masterflex AG revises earnings forecast for 2008

Gelsenkirchen, 3. November 2008. In the first nine months of the 2008
financial year, Masterflex AG increased its consolidated revenue by 2.5%
year-on-year to 103.4 million. Operating earnings before interest and
taxes (EBIT) remained unchanged compared with the previous year at 9.6
million. However, this figure failed to meet the Companys ambitious growth
targets due to the effects of the financial crisis and valuation allowances
in the second quarter.

The core High-Tech Hose Systems business unit developed positively in a
difficult economic environment, further reiterating the success of
Masterflexs focus on its core activities. Business development in the USA
in particular exceeded expectations. With the expansion of its profitable
High-Tech Hose Systems business unit, Masterflex AG aims to return to being
less affected by changes in the overall economic environment.

However, the Companys satisfactory earnings performance was hindered to an
extent by its non-core activities in the areas of surface technology and
fuel cell technology, with the former feeling the effects of the economic
downturn and the latter being impacted by increased start-up costs.

As the financial crisis is likely to have a further adverse effect on the
Companys positive operating performance, the Executive Board of Masterflex
AG now expects operating EBIT for the 2008 financial year as a whole
between about 12.0 million and 13.0 million. The Company had previously
forecast growth of 6-12%.

The complete report on the first nine months of the 2008 financial year
will be published on November 7, 2008. The Executive Board of Masterflex AG
will comment the figures on Eigenkapitalforum from 10 to 12 November 2008
in Frankfurt.

For further information: Masterflex AG, Investor Relations,
Willy-Brandt-Allee 300, 45891 Gelsenkirchen, Germany; 
stephanie.kniep@masterflex.de; tel.: +49 209 97077 44; fax: +49 209 97077
20
DGAP 03.11.2008 
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Language:     English
Issuer:       Masterflex AG
              Willy-Brandt-Allee 300
              45891 Gelsenkirchen
              Deutschland
Phone:        +49 (0)2099 70 77-44
Fax:          +49 (0)2099 70 77-20
E-mail:       stephanie.kniep@masterflex.de
Internet:     www.masterflex.de
ISIN:         DE0005492938
WKN:          549 293
Indices:      Prime all share
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Düsseldorf, Hamburg, München, Berlin, Stuttgart
End of News                                     DGAP News-Service
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DGAP-Adhoc: Masterflex AG revises earnings forecast for 2008
