BÖWE SYSTEC AG / Preliminary Results/Dividend 06.03.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In preparing its Consolidated Financial Statements, BÖWE SYSTEC AG is required under IAS 36 to perform impairment tests on a regular basis. In BÖWE SYSTEC's Consolidated Financial Statements for 2008, the impairment tests will result in an impairment charge of EUR33.5 million on goodwill for the company's North American subsidiary BÖWE BELL+HOWELL. The main reason for the impairment charge is an unexpectedly strong decline in sales resulting from the current economic crisis especially in the core market in the United States. The impairment charge will reduce BÖWE SYSTEC's consolidated group profit. But it will not affect the company's EBITDA or its liquidity. Based on preliminary figures, the BÖWE Group expects its group sales for the financial year 2008 to total EUR450 million and its EBITDA to total EUR34 million. This contains non-recurring items with a negative effect of around EUR7 million. These figures are based on BÖWE SYSTEC AG's preliminary and unaudited Consolidated Financial Statements and are therefore subject to change. Based on these figures, the BÖWE SYSTEC Management Board anticipates that it would propose to the BÖWE SYSTEC Supervisory Board that the company will not pay a dividend for the financial year 2008. The annual report 2008 and the outlook for 2009 will be presented at the press conference on April 8, 2009. Augsburg, March 06, 2009 BÖWE SYSTEC AG Board of Directors DGAP 06.03.2009 --------------------------------------------------------------------------- Language: English Issuer: BÖWE SYSTEC AG Werner-von-Siemens-Straße 1 86159 Augsburg Deutschland Phone: +49 (0)821 57 02-36 5 Fax: +49 (0)821 57 02-21 4 E-mail: Just.controlling@boewe-systec.de Internet: www.boewe-systec.de ISIN: DE0005239701 WKN: 523970 Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: BÖWE SYSTEC to record impairment charge in 2008 Consolidated Financial Statements for North American subsidiary
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