Roth & Rau AG / Key word(s): Forecast 21.07.2011 18:28 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Roth & Rau AG withdraws annual forecast for 2011 - Negative EBIT expected for first half of 2011 Hohenstein-Ernstthal, 21 July 2011 - In the latest update of its budget for the overall 2011 financial year, Roth & Rau AG has lowered its expectations for the second half of the year. This is due above all to the deterioration in the overall industry climate, as well as to delays in the recognition of sales and earnings for projects currently underway. Given the reduction in demand for solar modules, some customers have reviewed their investment projects intended to expand their production capacities and postponed the agreed delivery dates. The downturn in the market has also impacted on the order situation. The company received new orders worth around Euro 29 million in the second quarter of 2011. However, these were opposed by cancellations of orders worth Euro 17 million. Against this backdrop, the company expects to have generated a lower level of consolidated sales and significantly negative EBIT in the first half of 2011. Furthermore, the company is withdrawing its forecast for 2011. The company had previously expected to generate full-year consolidated sales of between Euro 300 million and Euro 325 million with an EBIT margin in a range of 4% to 7%. Given the considerable uncertainty surrounding future market developments, the company is currently not able to issue any reliable forecast for 2011. Contact: Roth & Rau AG Prof. Dr. Silvia Roth Tel.: +49 (0) 174/3439340 E-Mail: investor@roth-rau.de 21.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Roth & Rau AG An der Baumschule 6-8 09337 Hohenstein-Ernstthal Germany Phone: 03723 6685-0 Fax: 03723 6685-100 E-mail: info@roth-rau.de Internet: www.roth-rau.de ISIN: DE000A0JCZ51 WKN: A0JCZ5 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Roth & Rau AG withdraws annual forecast for 2011, negative EBIT expected for first half of 2011
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