DGAP-Adhoc: Alphaform AG: Change in the Management Board - significant result improvement

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| Source: EQS Group AG
Alphaform AG  / Key word(s): Change of Personnel

28.03.2014 10:25

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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Ad hoc Announcement
Change in the Management Board - significant result improvement in 2014
 

Feldkirchen, 28 March 2014 - Today the Alphaform AG Supervisory Board
relieved Dr. Thomas Vetter of his duties as Management Board of the company
with immediate effect and appointed the physicist Dr. Hanns-Dieter Aberle
as the new Management Board. The Alphaform Supervisory Board would
expressly like to thank Mr Vetter for the work he has done.

Vetter headed Alphaform since January 2008. The Management Board agreement
of Mr. Vetter who has a Ph.D in engineering expired at the end of 2014.
Since the third quarter of 2013, Vetter had intensively advanced the
restructuring process at Alphaform - both on the operating side and also on
the financial side by obtaining fresh funds of EUR 3.3 million in February
this year. For this reason, from the perspective of all those involved, an
ideal time for an early change at the top had been created, especially as
Vetter had declared his willingness to provide ongoing consultancy to
Alphaform. Hanns-Dieter Aberle, the new Management Board, played a material
role in the recent restructuring measures in a consultancy capacity.
Hanns-Dieter Aberle is a respected expert of many years in the areas of
laser technology and 3D printing. Over the last eight years, the physicist
with a Ph.D worked as an interim manager for SMEs in the mechanical
engineering segment, primarily in the areas of laser technology and 3D
printing. One of his previous positions was Managing Director of Digma, the
tool manufacturer.

For the 2013 financial year, Alphaform reports a consolidated loss of EUR
6.2 million after net profit of EUR 0.5 million in the previous year. EUR
3.3 million of the loss in 2013 is the result of non-recurring effects on
the statement of financial position. EUR 2.9 million is attributable to
operations. Group revenue fell by 4.5 % to EUR 25.9 million in 2013.

For the 2014 financial year, Alphaform AG expects to achieve revenue of
approximately EUR 30 million and a significant earnings improvement against
the previous year. As a result of the necessary restructuring expenses, for
the 2014 financial year the Management Board expects a net loss to the
order of EUR 1 million.

For further information, refer to the Corporate News information which is
published today.

Contact:
Dr. Hanns-Dieter Aberle
CEO    Tel.: +49 89 905002 29
ALPHAFORM AG          Fax: +49 89 9050021029
Kapellenstraße 10  e-mail: hdaberle@alphaform.de
85622 Feldkirchen  Internet: www.alphaform.de


28.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Alphaform AG
              Kapellenstraße 10
              85622 Feldkirchen
              Germany
Phone:        +49 (0)89 905002 - 0
Fax:          +49 (0)89 905002 - 90
E-mail:       ir@alphaform.de
Internet:     www.alphaform.de
ISIN:         DE0005487953
WKN:          548795
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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