DGAP-Adhoc: Asian Bamboo AG exceeds profit guidance according to preliminary figures for 2008 and announces positive outlook for 2009

Asian Bamboo AG / Preliminary Results

27.02.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Asian Bamboo AG exceeds profit guidance according to preliminary figures
for 2008 and announces positive outlook for 2009

Hamburg, 27 February 2009 - Asian Bamboo AG ('Asian Bamboo', Ticker symbol
'5AB'), a world-leading producer of bamboo trees and organic bamboo shoots,
is pleased to announce that, based on preliminary numbers for fiscal year
2008, the Company increased sales by EUR 29.1 million, or 197%, to EUR 43.8
million (EUR 14.7 million in 2007) and adjusted consolidated net profits by
EUR 14.1 million, or 210%, to EUR 20.8 million (EUR 6.7 million in 2007).

The adjusted net profit is approximately EUR 2.8 million, or 15%, higher
than the guidance, of EUR 18 million, set a year ago and translates into an
adjusted consolidated net profit margin of approximately 47% (47% in 2007)
during the period. The adjusted numbers do not include gains in biological
assets and taxes thereon.

The strong results in 2008 were driven by the increase in output from
plantations which became mature during the year and continued strong demand
for the Company's products. All business divisions, including bamboo trees,
fresh bamboo shoots and processed bamboo shoots, showed turnover and profit
growth.

The management stated that it expects the turnover for the full year 2009
to reach EUR 55 million and that the adjusted net profit margin, excluding
revaluation gains and deferred tax on biological assets, will be at least
40%. The forecast increase in turnover is expected to be driven by larger
plantation acreage and stronger demand from the pulp and paper industry.

The audited financial results for 2008 will be published on 17 April 2009.

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Information and Explaination of the Issuer to this News:

About Asian Bamboo AG:

Asian Bamboo Group is a world-leading producer of Moso bamboo trees and
organic bamboo shoots. Bamboo trees are used as scaffolding or as input
material for flooring, pulp and paper, and furniture production. Organic
bamboo shoots are sold fresh in agricultural markets or processed for the
Japanese market or domestic distribution. The Company currently owns
long-term leasing rights for 24 bamboo plantations with a total acreage of
26,628 hectares in Fujian Province, the main area for growing Moso bamboo
in China.

Asian Bamboo Group's registered office is located in Hamburg, Germany and
the Company is listed on the Prime Standard of the Frankfurt Stock Exchange
under the ticker symbol '5AB'.

Further information on Asian Bamboo AG, please visit the Company's web-site
at: www.asian-bamboo.com


Contact:

Asian Bamboo AG:
Peter Sjovall +852-9385 3868
Chief Financial Officer

Anja Holst +49-(0)40 37644 798
Representative - Germany


DGAP 27.02.2009 
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Language:     English
Issuer:       Asian Bamboo AG
              Stadthausbrücke 1-3
              20355 Hamburg
              Deutschland
Phone:        +49 40 37644 798
Fax:          +49 40 37644 500
E-mail:       info@asian-bamboo.de
Internet:     www.asian-bamboo.de
ISIN:         DE000A0M6M79, DE000A0M6M79
WKN:          A0M6M7, A0M6M7
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service---------------------------------------------------------------------------