DGAP-News: Asian Bamboo's preliminary FY 2009 results beat guidance/Asian Bamboo guides for a revenue and adjusted net profit margin of at least EUR 75 million and 45%, respectively, in 2010

| Source: EQS Group AG EQS Group AG 

Asian Bamboo AG / Preliminary Results/Forecast

25.02.2010 00:02 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Hamburg, 25 February 2010 - Asian Bamboo AG ('Asian Bamboo', 'the Company',
ISIN: DE000A0M6M79, Ticker symbol: '5AB', ADR ticker symbol: 'ASIBF'), a
world-leading producer of bamboo trees and organic bamboo shoots, is
pleased to announce the following preliminary results for FY 2009:

* Revenue grew 34% year-on-year to EUR 58.6 million (2008=EUR 43.8
million), which is 7% higher than our guidance of EUR 55 million
* Revenue per hectare ('ha') was up 11% year-on-year to EUR 2,637 (2008=EUR
2,386)
* Adjusted net profit increased 31% year-on-year to EUR 27.8 million
(2008=EUR 21.2 million). The adjusted net profit margin was 48% (2008=48%)
which is three percentage points higher than our guidance of 45%
* Excluding unrealised option expenses, the adjusted net profit was EUR
29.7 million and the adjusted net profit margin was 51%

The solid increase in revenue and adjusted net profit was primarily the
result of the 3,862 ha (21%) increase in mature plantation size compared to
2008. The audited financial results for 2009 will be published on 30 March
2010.

Mr. Lin Zuojun, founder and CEO of Asian Bamboo, commented: 'In light of
the relatively weak economic environment in 2009, our results show the
resilience and stability of our business model.'

Asian Bamboo guides for a revenue and adjusted net profit margin of at
least EUR 75 million and 45%, respectively, in 2010

The Management Board stated that it expects the revenue and adjusted net
profit margin for FY 2010 to reach at least EUR 75 million and 45%
respectively. The expected key growth drivers in 2010 are:

* An average increase over the year in the total size of mature plantations
by around 9,000 ha (40%) compared to 2009
* Continued increase in demand for the Company's bamboo trees, partly
driven by our partner companies, and bamboo shoots
* Slightly higher product prices



Mr. Lin Zuojun, founder and CEO of Asian Bamboo, commented: 'We are
entering an accelerating growth phase following the lease of more than
10,000 ha of plantations over the last six months. Due to the current
inflationary environment for our products, we are starting off the year
with a higher adjusted net profit margin guidance than in previous years.'


For enquiries, please contact: 
Asian Bamboo AG:
Peter Sjovall   +852-9385 3868
Chief Financial Officer
Anja Holst   +49-(0)40 37644 798
Investor Relations Manager





25.02.2010 00:02 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]

---------------------------------------------------------------------------
 
Language:     English
Company:      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
 
---------------------------------------------------------------------------