DGAP-Adhoc: BÖWE SYSTEC to record impairment charge in 2008 Consolidated Financial Statements for North American subsidiary

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.
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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 
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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
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