DGAP-Adhoc: Pfleiderer AG:Pfleiderer's business environment continues to worsen in the second quarter

| Source: EQS Group AG EQS Group AG 

Pfleiderer AG / Development of Sales/Quarter Results

17.06.2009 

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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Ad-hoc announcement by Pfleiderer AG 
pursuant to Section 15 of the 
German Securities Trading Act (WpHG) 

Pfleiderer's business environment continues to worsen in the second quarter


Neumarkt, June 17, 2009 - According to the preliminary figures now
available for the months of April and May 2009, MDAX-listed Pfleiderer
Aktiengesellschaft (ISIN DE0006764749) no longer anticipates a continuation
of the business revival that had been indicated during the first quarter.
Sales volumes and price levels were both lower than in the same period of
the prior year. Since on the cost side, prices of raw materials cannot be
expected to fall, Pfleiderer AG now expects its earnings to fall
significantly. Based on initial estimates, the EBITDA margin in the second
quarter of 2009 will probably be single-digit percentage.

As a result of this market-related earnings development, Pfleiderer AG
expects that the key financials defined in the context of existing credit
agreements may not be fulfilled at the end of this quarter. Therefore,
discussions will be held with the banks with which those credit agreements
exist in order to achieve a broader framework of corporate financing.
Pfleiderer AG expects these negotiations to result in higher financing
costs.

The Executive Board of Pfleiderer Aktiengesellschaft 



Contact: 

Pfleiderer AG, Neumarkt 

Lothar Sindel 
Head of Investor Relations 
Tel.: +49 (0)9181 28 8044 
Fax: +49 (0)9181 28 606 
E-mail: lothar.sindel@pfleiderer.com




DGAP 17.06.2009 
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Language:     English
Issuer:       Pfleiderer AG
              Ingolstädter Straße 51
              93218 Neumarkt
              Deutschland
Phone:        +49 (0)9181 28 - 8491
Fax:          +49 (0)9181 28 - 606
E-mail:       fabian.schiffer@pfleiderer.com
Internet:     www.pfleiderer.com
ISIN:         DE0006764749
WKN:          676474
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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