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. --------------------------------------------------------------------------- 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, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft Tilsiter StraÃe 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 ---------------------------------------------------------------------------
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