DGAP-Adhoc: Goldbach Group AG: increase in turnover, value adjustment
16.12.2013 – 07:01
Goldbach Group AG / Key word(s): Forecast 16.12.2013 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Ad hoc press release Increase in turnover, higher operative profitability - value adjustment of around CHF 20 million to increase operative flexibility - continuity in dividends policy Küsnacht-Zurich, 16th December 2013. Thanks to the pleasing way in which business has developed in the DACH region (Germany, Austria and Switzerland) as well as in the Adriatic region, the Goldbach Group - leader in the marketing of private electronic, mobile and interactive media, as well as in online marketing - expects a single-digit growth rate for 2013 and an operative increase in profitability on a net profit level as per the prognosis. The development of business in Eastern Europe, however, continues to fall short of the expectations of the management and of the board of directors. To create the necessary framework for a high level of operative flexibility in the future, the board of directors decided in its latest meeting in favour of a value adjustment to goodwill positions for the East European companies in Poland and Romania. Further value adjustments relate to the search engine business in Germany. In total, the adjustment will negatively affect the annual result by a one-off sum of approx. CHF 20 million. The annual result for 2013 will therefore be negative. In view of the positive operative development of the Goldbach Group, the board of directors intends to continue with the customary dividends policy. Contact: Goldbach Group AG Germaine Müller, Investor Relations Manager Corinne Laverrière, Public Relations Manager Seestrasse 39 8700 Küsnacht-Zurich Phone +41 (44) 914 91 00 Fax +41 (44) 914 93 60 www.goldbachgroup.com 16.12.2013 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Goldbach Group AG Seestrasse 39 8700 Küsnacht-Zürich Switzerland Phone: +41 44 914 91 00 Fax: +41 44 914 93 60 E-mail: info@goldbachgroup.com Internet: www.goldbachgroup.com ISIN: CH0004870942 Valor: 487094 Listed: SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------