Nova Nutria AG / AGM/EGM 18.11.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Baar, 17.11.2008 The first General Meeting of Nova Nutria® AG took place on November 8th, 2008, in Wiesloch (Germany). The president of the board of administration, Mr Dragan Manzano Vela, could welcome the more than 100 shareholders and guests at the Palatin Congress Hotel and provided information about the financial year 2007 as well as about the current companys performance. The first General Meeting took place within the scope of the European Convention and 6 years anniversary party which was held at the same venue with more than 600 participants. Firstly the shareholders and guests were informed about the company history, the product and service portfolio and the market potential. In the following, Mr Manzano Vela presented the business development from the financial perspective. There was no commercial activity in the previous fiscal year 2007. Nova Nutria® AG has been established within the third quarter of 2007 with the acquisition of an existing shell company. All existing commercial trading activities of the Nova Nutria® group of companies will be consolidated with the current financial year into Nova Nutria® AG and the results will be published next year. Notwithstanding, there was not a necessity for Nova Nutria® to hold a General Meeting this year as the company was listed at the Frankfurt stock exchange in February 2008. Due to the last developments at the financial markets the board of administration was eager to give the shareholders the opportunity to obtain information about the current companys performance. Within this scope the shareholders approved all proposals which were made and presented by the board of administration. The projections for the current fiscal year until end of 2008 permits an expecting turnover increase of 158 % compared to the past financial year. The expected EBIT margin based on the same continued performance is at 10,6 %. Within the first 9 months of the current financial year Nova Nutria® AG was able to achieve an increase of revenues of 107 % in comparison to the year 2007 on a consolidated operational basis including other operating income. On a quarterly basis the comparisons between 2007 and 2008 results in an average increase of 125 %. Whereas the third quarter 2008 has to be pointed out with an increase of 264 % compared with the past year. The president of the board of administration said: 'These results are even more astonishing, as high financial investments have been made in the past and in particular the current year into the future business activities of the Nova Nutria® group of companies. It reflects the very positive performance of the company and the continuous implementation of the corporate strategy.' The investments have been covered by the companys founder as well as through the revenues of the listing at the stock exchange. The investments made are related amongst others to the introduction of a worldwide leading ERP system, the creation of a sales company in Macedonia, the expansion within the area of sales and international marketing (new managing director sales of Nova Nutria® International AG), the implementation of a new corporate design/identity concept with support of a professional advertising agency, the development and launch of new products (particularly Slimologic® and ImunoLogic® as dietary food) as well as the extension of the online services and improvement of the IT landscape and infrastructure. Finally a future outlook was given concerning the financial planning for 2009 as well as in regards to the strategic alignment. Based on the current growth rate an increase of 116 % is expected compared to 2008 in terms of revenues. According to the president of the board of administration a very conservative planning has been put as base. If the companys performance of the past months is taken as basis the potential growth is even 240 %. The Nova Nutria® group of companies with operations in all European countries and product developments based on its own research and development activities is focused on the topic Bio-Signalling-Nutrition. The group of companies today is considered as one of the worldwide leading entities regarding the research, development, manufacturing and marketing of products which are based on the Bio-Signal-Theory. The product range is thereby focused on high-quality nutritional supplements for man and beast, dietary food, functional cosmetics as well as home and personal care products. Nova Nutria® AG is listed at the Frankfurt Stock Exchange under the stock symbol 47N. The company is running international representative offices and subsidiaries and is present in the entire European Union with a comprehensive network of sales distributors. Dragan Manzano Vela President of the Board of Administration Zugerstrasse 8a CH-6340 Baar Telefon: +41 (0) 41 544 90 06 Fax: +41 (0) 41 544 90 07 E-Mail: info@novanutria.ag DGAP 18.11.2008 ---------------------------------------------------------------------------
DGAP-News: First General Meeting of Nova Nutria® AG!
| Source: EQS Group AG