EANS-Adhoc: MEDION AG
Sales and earnings better than expected in Q3 2009 -
more specific forecast for fiscal year 2009
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
9-month report/Sales and Earnings Q3 2009 - Full Year Outlook
05.11.2009
MEDION AG: Ad hoc announcement pursuant to Section 15 German Securities Trading Act (WpHG)
Pre-announcement from MEDION AG regarding Q3 2009 reporting
Sales and earnings better than expected in Q3 2009 - more specific forecast for fiscal year 2009
After a decline in sales of 18% in the first half of 2009, MEDION's business clearly stabilized in the third quarter of 2009. Sales in the third quarter of 2009 decreased by 7% to EUR329.8 million (Q3 2008: EUR354.4 million). Business in Germany grew significantly by 7.4% to EUR245.2 million. The stable gross margin enabled MEDION to achieve earnings before interest and taxes (EBIT) of EUR4.1 million in the third quarter of 2009 (Q3 2008: EUR5.2 million).
In view of the apparent stabilization of the German economy and the good demand for new MEDION products, it is now possible to provide a more specific forecast for the fiscal year 2009 as a whole. The Management Board now assumes the decline in sales to be only approximately 13% (previously 15%) and expects positive earnings before interest and taxes (EBIT) of EUR15 million (previously "clearly positive").
As announced, the complete report for the first 9 months of 2009 will be published on November 12, 2009.
Investor Relations Tel.: +49 (0)201 8383 6500 Email: aktie@medion.com www.medion.com
end of announcement euro adhoc
Further inquiry note:
Investor Relations
Tel.: +49-201-8383-6500
e-Mail: aktie@medion.com
Branche: Technology
ISIN: DE0006605009
WKN: 660500
Index: SDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade