DGAP-Adhoc: vwd will be unable to maintain its guidance for fiscal year 2013 as a result of special items and difficult business conditions

| Source: EQS Group AG EQS Group AG 

vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft  / Key word(s): Half Year
Results/Forecast 

07.08.2013 18:11

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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vwd will be unable to maintain its guidance for fiscal year 2013 as a
result of special items and difficult business conditions

Sales and EBITDA fall below the quarterly and half-year results of the
previous year

Frankfurt am Main, August 7, 2013 - vwd Vereinigte Wirtschaftsdienste
Aktiengesellschaft, one of the leading providers of financial information
in Europe, announces the following financial results for the second quarter
of 2013 and the first half of 2013, and changes its guidance for fiscal
year 2013.

The continuing problems faced by the financial industry have hurt company
sales at the vwd group in the second quarter of 2013 as well, with sales
totaling EUR 20,160 thousand during this period. Compared with the total of
EUR 22,720 thousand produced in the second quarter of 2012, this represents
a decrease of 11.3 %. Lower material expenses and cost-cutting programs
were unable to prevent earnings before interest, taxes, depreciation and
amortization (EBITDA) in the second quarter of 2013 from decreasing by 8.9
% to EUR 1,793 thousand (second quarter 2012: EUR 2,002 thousand).

During the first half of 2013, the vwd group generated sales of EUR 40,492
thousand. Compared with same period last year, when the company produced
sales of EUR 44,097 thousand, this represents a drop of 8.2 %. The main
reason for this decrease was business difficulties in Italy. In Germany,
sales fell as well due to lower one-time income from customer projects and
marketing expenses. High expenditures related to changes in management
caused EBITDA to fall to EUR 2,426 thousand in the first half of 2013
(first half of 2012: EUR 4,010 thousand).

The vwd group can no longer confirm the guidance it issued for fiscal year
2013 as a result of special items and business conditions in the first half
of 2013. Sales between EUR 82,000 and EUR 84,000 thousand are expected now.
Because positive special effects and cost savings were able to fully offset
extraordinary expenditures related in particular to personnel measures in
the first quarter, EBITDA is expected to decrease to between EUR 8,000 and
EUR 9,000 thousand.

The complete interim report for 2013 will be available on the company's
home page beginning August 8, 2013.

vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft 
The Management Board
 


07.08.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft
              Tilsiter Straße 1
              60487 Frankfurt am Main
              Germany
Phone:        +49 (0)69 50701-316
Fax:          +49 (0)69 50701-114
E-mail:       cscharf@vwd.com
Internet:     http://www.vwd.com
ISIN:         DE0005204705
WKN:          520470
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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