A.S. Création Tapeten AG / Miscellaneous 23.01.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- A.S. Création Tapeten AG, Europes leading wallpaper manufacturer, already reported in its interim report on the nine-month-period ended September 30, 2008 that sales in the third quarter of 2008 were not sufficient to absorb the companys output and that no improvement was in sight for the fourth quarter of 2008. The company consequently reduced its output already during the second half of 2008. In addition, the four-shift-operation introduced in parts of the manufacturing operations on June 1, 2008 was abandoned effective December 31, 2008. Incoming orders have diminished appreciably in recent weeks. January orders received to date are approximately 20 percent down on the year. This decline exclusively results from business trends in the export markets and contrasts with the situation in Germany where A.S. Créations orders are currently up on the previous year. Given the unexpected scope of the downtrend in orders received in the current month, the output reduction measures taken so far are deemed inadequate. Today, the Managing Board and the Works Council of A.S. Création Tapeten AG therefore signed an internal agreement on the introduction of short-hour shifts at the Wiehl-Bomig and Gummersbach-Derschlag factories effective February 1, 2009. Short-hour working will also be introduced in certain administrative areas. The Managing Board of A.S. Création Tapeten AG is currently not in a position to issue a dependable forecast on the duration of this measure and its implications for the sales and profit situation in the year 2009. As in previous periods, a forecast on the current financial year will be provided along with the publication of the Groups annual report. This publication is scheduled for March 12, 2009. Gummersbach, January 23, 2009 A.S. Création Tapeten AG The Managing Board Contact: Maik Krämer Vorstand Finanzen Südstr. 47 D-51645 Gummersbach Telefon + 49 (0)22 61/542-387 Fax + 49 (0)22 61/542-304 E-Mail: m.kraemer@as-creation.de DGAP 23.01.2009 --------------------------------------------------------------------------- Language: English Issuer: A.S. Création Tapeten AG Südstraße 47 51645 Gummersbach Deutschland Phone: +49 22 61 54 2-0 Fax: +49 22 61 54 2-3 04 E-mail: investor@as-creation.de Internet: http://www.as-creation.de ISIN: DE0005079909 WKN: 507990 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: A.S. Création starting short-hour shifts from February 1, 2009
| Source: EQS Group AG