Schmack Biogas AG / Preliminary Results 06.11.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Schmack Biogas presents preliminary figures for third quarter - Turnaround in 2009 Schwandorf, November 6, 2008. According to preliminary figures, between January and September 2008, Schmack Biogas AG generated sales of EUR 46.9 million (previous year: EUR 86.3 million). Third-quarter sales in 2008 amounted to EUR 17.1 million, compared to EUR 30.4 million in the corresponding prior-year period. Earnings before interest and taxes stood at EUR -31.2 million at the nine-month stage (previous year: EUR -14.4 million) and at EUR -5.4 million in the third quarter (previous year: EUR -3.7 million). As of the end of September, orders on hand totalled EUR 125.6 million (September 30, 2007: EUR 103.4 million). Schmack Biogas projects sales revenues of EUR 75 million and EBIT of approximately EUR -40 million for the full year. In spite of the financial crisis, the industry environment has improved as a result of the laws and regulations adopted in 2008 and the sharp drop in agricultural prices. This is also reflected in the latest trend in incoming orders. Against this background, Schmack Biogas projects sales of between EUR 140 million and 160 million, and EBIT within the range of EUR -4 million to +4 million for 2009. The company thus aims to achieve the turnaround in 2009. Reductions in process and overhead costs, higher sales and the non-recurrence of negative effects in 2008 are expected to contribute one third each to the sharp increase in EBIT. Contact: Schmack Biogas AG Markus Meyr Phone: +49 (0) 9431 / 751-111 markus.meyr@schmack-biogas.com Haubrok Investor Relations GmbH Michael Müller, Linh Chung Phone: +49 (0) 211 / 30126-106 m.mueller@haubrok.de DGAP 06.11.2008 --------------------------------------------------------------------------- Language: English Issuer: Schmack Biogas AG Bayernwerk 8 92421 Schwandorf Deutschland Phone: +49 (0)9431 / 751-0 Fax: +49 (0)9431 / 751-204 E-mail: info@schmack-biogas.com Internet: www.schmack-biogas.com ISIN: DE000SBGS111 WKN: SBGS11 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Schmack Biogas presents preliminary figures for third quarter
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