LINOS AG / Change in Forecast
12.12.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Göttingen, December 12, 2008. LINOS AG (ISIN DE0005256507) is expecting a
decline in revenues and earnings compared to the previous fiscal year. The
Executive Board anticipates revenues of EUR 88 to 90 million and operating
profits (EBIT) of EUR 4.7 to 5.3 million. Revenues of about EUR 94 million
and operating profits (EBIT) of EUR 8.8 to 9.8 million have been forecast
up to now. These figures do not include extraordinary expenses incurred in
connection with the takeover by Optco Akquisitions GmbH.
The adjustment of the forecast results from the adverse economic situation
which by now also affects LINOS AG. The business divisions Information
Technology & Communications and Industrial Manufacturing are particularly
affected by this development, the latter in particular due to the adverse
economic situation in the semiconductor equipment business. However, the
development of the Health Care & Life Sciences business division is
currently stable.
The Executive Board of LINOS AG has been reacting for several months to the
weakening economic situation with a strict cost management. In addition, a
number of actions to adapt employee capacities have been taken, e.g. at the
Regen plant fixed-term contracts have not been extended, short-time work
was announced for the fourth quarter 2008 and a temporary closing of the
plant for several days was agreed. Furthermore, the Executive Board of
LINOS AG is preparing the cancellation of production of the Warsaw plant.
The costs for these necessary capacity adjustments have additional adverse
effects on earnings at least in the current fiscal year.
LINOS AG, Hubertus Dornieden
Koenigsallee 23, 37081 Goettingen, Germany
Phone +49 551 6935-128, Fax +49 551 6935-120, IR@linos.de
DGAP 12.12.2008
---------------------------------------------------------------------------
Language: English
Issuer: LINOS AG
Königsallee 23
37081 Göttingen
Deutschland
Phone: +49 (0)551 69 35-126
Fax: +49 (0)551 69 35-120
E-mail: ir@linos.de
Internet: ir@linos.de
ISIN: DE0005256507
WKN: 525650
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart, München, Hamburg,
Düsseldorf
End of News DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: LINOS reduces revenue and earnings forecast
| Source: EQS Group AG