In the management report at EAC's Annual General Meeting today, the Chairman of the Supervisory Board, Henning Kruse Petersen, makes the following comment about the EAC's developments in the first months of the year:"We already know the results for the first two months of the financial year and have an indication of the results for March; and so far developments are in line with expectations. Foods began the year quietly and with fewer production days due to extra holidays announced without prior notification by the government in January. But we expect that they will catch up on the lost volumes. Industrial Ingredients saw a continued fall in raw material prices and demand at the beginning of the year, but in February we felt the first signs of new activity in the market. In Santa Fe, the first quarter is traditionally low-season but based on that precondition, the business has developed well. All in all, there was nothing in the first months of the year to indicate that we should revise our expectations." The full management report will be made available for download at EAC's website after the Annual General Meeting. EAC will update its expectations for 2009 at the publication of the interim report for the first quarter on 5 May 2009. Yours sincerely, The East Asiatic Company Ltd. A/S (A/S Det Østasiatiske Kompagni) For additional information, please contact: President & CEO Niels Henrik Jensen +45 3525 4300 nhj@eac.dk Group CFO Michael Østerlund Madsen +45 3525 4300 mom@eac.dk www.eac.dk
EAC's developments the first couple of months in 2009 - Announcement no. 8/2009
| Source: EAC Invest A/S