DGAP-Adhoc: SMARTRAC N.V. reports on preliminary results for the first half year of 2008

SMARTRAC N.V. / Preliminary Results

15.07.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Amsterdam, July 15, 2008 – The Dutch company SMARTRAC N.V. (stock
abbreviation SM7) today reported on its preliminary results for the second
quarter and the first half year of 2008. The company will publish the
comprehensive Q2 2008 Interim Report on July 30, 2008.

With total sales of EUR 49.6 million and EBITDA of EUR 11.5 million for the
period between January to June 2008, SMARTRAC remained on the company’s
path of profitable growth. Compared to total sales of EUR 40.7 million
within the first six months of 2007, sales of EUR 49.6 million in the same
period in 2008 represent an increase of some 22 percent. EBITDA of EUR 11.5
million from January to June 2008 represent an increase of 10.6 percent
compared to EBITDA of EUR 10.4 million in 2007.

The overall business of SMARTRAC from April to June 2008 developed as
expected. In Q2 2008, SMARTRAC reached sales of EUR 22.5 million (Q2 2007:
EUR 21.2 million) and EBITDA of EUR 4.6 million (Q2 2007: EUR 5.6 million).
The EBITDA decline was mainly driven by ramp up costs for new product lines
and by a temporary decrease in ePassport sales which had already been
announced.

On the basis of a stronger second half of the year, SMARTRAC confirms its
2008 sales target and is confident of reaching total sales of some EUR 124
million, EBITDA is expected to increase to some EUR 27 million for the full
year 2008.


Forward-looking statements
To the extent that this ad hoc release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this ad hoc release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions and other factors may cause
the actual results to be materially different from the assumptions,
planning and forecasts at the time of publication of this ad hoc release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this ad hoc release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this ad hoc release.


Stephan Öri
SMARTRAC N.V.
Investor Relations 
Tel: +31 20 30 50 150
Email: investor.relations@smartrac-group.com


DGAP 15.07.2008 
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Language:     English
Issuer:       SMARTRAC N.V.
              Strawinskylaan 851
              1077 XX  Amsterdam
              Niederlande
Phone:        +31 20 30 50 150
Fax:          +31 20 30 50 155
E-mail:       info@smartrac-group.com
Internet:     www.smartrac-group.com
ISIN:         NL0000186633
WKN:          A0JEHN 
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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