ARQUES Industries AG / Profit Warning 17.11.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ARQUES adjusts outlook 2008 to reflect changed circumstances - Consolidated revenues of more than EUR 5 billion, EBITDA of at least EUR 100 million projected - Operating cash flow increased by EUR 137.5 million in nine months period - Current financial liabilities reduced by EUR 85.8 million to EUR 171.8 million Starnberg, November 17, 2008 - The Starnberg-based holding company ARQUES Industries AG (ISIN DE0005156004) has adjusted its outlook for 2008 as a whole to reflect the rapidly deteriorating economic situation. The corporate group now expects its earnings before income, taxes, depreciation and amortization (EBITDA) to reach at least EUR 100 million, before it targeted EUR 200 million. Consolidated revenues are expected to be more than EUR 5 billion. The adjustment to the profit guidance reflects the weaker development due to the macroeconomic situation. In addition, ARQUES was forced in the third quarter to recognize impairment losses in a total amount of EUR 51.0 million on its holding in automotive supplier Eurostyle. The pre-tax and post-tax result in 2008 will show a significant loss due to these effects. Focus on increasing cash flow and reducing debt through the rest of the year As already happened in the third quarter, ARQUES will again focus in the last quarter of the year on enhancing its balance sheet structure and cash flow. Free cash flow could be improved by further EUR 18.2 million to EUR 57.2 million in the third quarter. Current financial liabilities have been reduced by EUR 85.8 million compared to December 31, 2007. For the fourth quarter the management expects a further positive development in free cash flow. ARQUES Industries AG will release the report on the third quarter on November 20, 2008. Contact ARQUES Industries AG Investor Relations & Corporate Communications Anke Lüdemann, CEFA/CIIA E-mail: luedemann@arques.de Public Relations Christian Schneider E-mail: schneider@arques.de Tel.: +49 (0) 8151/ 651 0 DGAP 17.11.2008 --------------------------------------------------------------------------- Language: English Issuer: ARQUES Industries AG Münchner Str. 15a 82319 Starnberg Deutschland Phone: +49 (0)8151 651-0 Fax: +49 (0)8151 651- 500 E-mail: luedemann@arques.de Internet: www.arques.de ISIN: DE0005156004 WKN: 515600 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ARQUES adjusts outlook 2008 to reflect changed circumstances
| Source: EQS Group AG