euro adhoc: Earnings Forecast
Süd-Chemie increases sales and consolidated
earnings (EBIT)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.03.2007
Süd-Chemie AG, Munich will significantly exceed its Group targets previously forecast for the 2006 financial year of EUR950 million in the case of sales and an operating profit (EBIT) of some EUR73 million. Based on the preliminary consolidated financial statements for 2006, which have not yet been certified by the auditors, sales are expected to reach just over EUR1 billion and the EBIT around EUR83 million. This rise in earnings is due to performance in the process catalyst sector in the fourth quarter of 2006, which far exceeded expectations.
The final 2006 financial statements for the Süd-Chemie Group are to be approved by the Supervisory Board at its financial audit meeting on 30 March 2007 and published at the annual press conference to be held in Munich, Lenbachplatz 6 at 10.00 a.m. on 23 April 2007.
About Süd-Chemie
Süd-Chemie AG (www.sud-chemie.com) is a publicly quoted (Security Identification Number (WKN): 729 200), independent specialty chemical company headquartered in Munich/Germany and operating on a worldwide scale. Key markets served by its Adsorbents Division include the consumer-goods, packaging and foundry industries, as well as the paper and plastics industries. Products manufactured by the Catalysts Division offer solutions for water treatment, petro-chemicals processing, energy storage and hydrogen production, as well as off-gas purification. The common denominator of all its products and innovations is the efficient and sparing use of natural resources to enhance the quality of life for humans and the environment. Süd-Chemie Group has more than 5,000 employees at approximately 70 sales and production sites worldwide. In 2007 Süd-Chemie celebrates its 150th anniversary.
end of announcement euro adhoc 12.03.2007 11:13:32
Further inquiry note:
Patrick Salchow
Tel.: +49 (0)89 5110 250
E-Mail: patrick.salchow@sud-chemie.com
Branche: Chemicals
ISIN: DE0007292005
WKN: 729200
Index: CDAX
Börsen: Börse Berlin-Bremen / regulated dealing
Hamburger Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / official dealing/general standard