euro adhoc: MEDION AG
Earnings Forecast
MEDION AG: Ad hoc notification
pursuant to Section 15 German Securities Trading
Act (WpHG)
Increase of full year 2007 guidance
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report/Upgrade of Guidance
09.11.2007
MEDION AG: Ad hoc notification pursuant to Section 15 German Securities Trading Act (WpHG) Increase of full year 2007 guidance
MEDION sales in Q4 2007 may exceed Q4 2006 sales by between 5% and 10%.
As a result, therefore, the improved annual outlook for 2007 (sales of EUR 1.4 to 1.6 billion, EBIT of 1-1.5%), just now adjusted in August of 2007, can be further detailed and re-adjusted upwards again. It is particularly relevant that the sales and earnings targets initially set for 2007 and 2008 when preparing the forecast are already being achieved in 2007. Despite a decline in sales of 13.4% in the first half of 2007, total 2007 sales are expected to exceed prior year sales. MEDION now anticipates total 2007 sales of approximately EUR 1.65 billion.
Due to a streamlining of the product range and the structural measures undertaken, as well as the expansion of the service portfolio the Management Board assumes that the MEDION Group will generate positive EBIT of approximately EUR 22-25 million in 2007, which is also higher than the earlier projection.
Investor Relations Phone: +49-201-8383-6500
end of announcement euro adhoc 09.11.2007 07:45:33
Further inquiry note:
Investor Relations
Tel.: +49-201-8383-6500
e-Mail: aktie@medion.com
Branche: Technology
ISIN: DE0006605009
WKN: 660500
Index: SDAX
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade