Pongs & Zahn Aktiengesellschaft
Berlin (euro adhoc) -
9-month-report 2006
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Pongs & Zahn Aktiengesellschaft: 9-month-report 2006
28th November 2006. In the first nine months of the current financial year Pongs & Zahn Aktiengesellschaft achieved sales at the consolidated Group level totalling EUR 79,834,000 (2005, Pongs & Zahn AG: EUR 37,527,000). Pongs & Zahn AG realised a sales volume in the amount of EUR 50,670,000, which was generated mainly by the plastics segment. The rapid increase over the first nine months of 2005 was based again on the continued expansion of the plastics trading business with major international customers as well as on the consolidation of Group companies in this segment. The ownership in PONACHEM Compound GmbH has been increased up to 100 %. VERION Filaments AG, Munich, and its affiliated company (100 %) LAUFARON GmbH, Guben, have been consolidated for the first time in the third quarter of the current business year.
As earnings for the period the Pongs & Zahn Group is showing a profit for the first nine months of 2006 of EUR 326,000 (2005, Pongs & Zahn AG: EUR 474,000). This result includes the special effect of the interest payment for the Pongs & Zahn participation certificates for the business year 2005, which took place on August 31st 2006.
Because of the exercising of option rights the basic capital of our company as of 30th September 2006 has risen since the closing date for the accounts on 30th June 2006 by EUR 228,000, and now stands at EUR 36,000,000. The Pongs & Zahn AGs equity ratio in the first nine months of 2006 thus amounted to approximately 56 percent (54 % on the Group level).
Note: Pongs & Zahn Aktiengesellschaft is reporting since its quarterly report as of 31st March 2006 under the International Financial Reporting Standards (IFRS) in the form applicable in the EU. This means that the figures are no longer comparable with those for earlier reporting periods. The following companies, in addition to Pongs & Zahn AG, are included in the Group consolidated accounts: PONACHEM Compound GmbH, Hamburg (100 % share-ownership), VALUE PLAST AG, Munich (100 % share-ownership), Guben Capro GmbH, Guben (100 % share-ownership) (ALTUS Service GmbH, Hamburg (100 % share-ownership) and VERION Filaments AG, Munich (62,3 % share-ownership) with its 100 %-affiliate LAUFARON GmbH, Guben.
The complete 9-month-report of Pongs & Zahn will be published on 30th November 2006.
end of announcement euro adhoc 28.11.2006 15:45:00
Further inquiry note:
Martin Bretag
Investor Relations
Telefon: +49 (0) -89710-114
E-Mail: bretag@pongsundzahn.de
Branche: Synthetics & Plastics
ISIN: DE0006954001
WKN: 695400
Index: CDAX, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Börse Düsseldorf / official dealing