Pfleiderer AG / Quarter Results 29.04.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Pfleiderer AG continues along its growth path in Q1 2008 Effects from interest and exchange rates hedging reduce earnings by around 6 million Unchanged guidance confirmed for full year Neumarkt, April 29, 2008. On the basis of preliminary figures, Pfleiderer AG increased its consolidated revenue in the first quarter of 2008 (Jan. 1 Mar. 31, 2008) by 9.4% to 468 million (Q1 2007: 428 million). However, the Groups earnings before interest, taxes, depreciation and amortization (EBITDA) increased by only 7.1% to 60.4 million (56.4 million) due to weaker demand in Poland, and were thus 3.1 million below the Companys forecast. The first quarter is always the weakest of the year for seasonal reasons. There was an additional negative impact from the lower number of production days than in Q1 2007 because the Easter holidays were in March this year. Financial income was reduced due to the valuation on the interim balance sheet date of interest rate hedging instruments (by 4.5 million) and of forward-exchange hedges (by 1.2 million). Earnings from ordinary operating activities amounted to 14.4 million (24.8 million). Profit for the period before minority interests was 10.9 million (17.5 million). Earnings per share amounted to 10 (24) euro cents. Despite the dissatisfactory development of earnings in the first quarter of 2008, the Executive Board of Pfleiderer AG confirms its announced goals for the full year, provided that there is no further worsening of the market situation and no further negative impact from currency or interest developments. Total revenue of 2 billion and an improved Group EBITDA margin of 15% for the year 2008 are still considered a realistic target. This assessment is based on the measures initiated, the Groups good performance in the region of Western Europe, and the currently better-than-planned development of business in North America. As the year progresses, these factors will compensate for the relatively slow growth in earnings during the first quarter. Pfleiderer AG will publish its interim report on the first quarter of 2008 on the companys website before official trading on May 8. Further information: Pfleiderer AG, Neumarkt Gala Conrad Head of Corporate Communication and Investor Relations Tel.: + 49 (0)9181 28 8491 Fax: + 49 (0)9181 28 606 E-mail: gala.conrad@pfleiderer.com DGAP 29.04.2008 --------------------------------------------------------------------------- Language: English Issuer: Pfleiderer AG Ingolstädter Straße 51 93218 Neumarkt Deutschland Phone: +49 (0)9181 28 - 8491 Fax: +49 (0)9181 28 - 606 E-mail: gala.conrad@pfleiderer.com Internet: www.pfleiderer.com ISIN: DE0006764749 WKN: 676474 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Pfleiderer AG:Pfleiderer AG continues along its growth path in Q1 2008 Effects from interest and exchange rates hedging reduce earnings by around 6 million Unchanged guidance confirmed for full year
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