EANS-Adhoc: GfK confirms sales prediction for 2012 and adjusts income forecast
26.10.2012 – 11:51
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 26.10.2012 According to preliminary financial data, GfK increased sales by approximately 11% to EUR376 million in the third quarter as compared to the prior year. Despite the challenging economic climate, over 3% organic growth was achieved in the third quarter, compared with 1.7% in the first half of the year. Adjusted operating income of approximately EUR44 million and the margin of 11.7% (adjusted operating income to sales), decreased as compared to the prior year (EUR47 million and 13.9%, respectively). For 2012, the Group confirms its sales forecast of approximately EUR1.5 billion (9%+ as compared to the prior year). The original forecast of approximately 13.7% income margin (approx. EUR 205 million) has been adjusted for 2012. It is now anticipated the margin will be between 12.2% and 12.7%. On the basis of the strategy "Own the Future" GfK pursues the transformation from a business with a more local focus to a global scalable business. This secures strong growth in the future and provides the basis for sustainable margin improvement. The nine-month results will be published with detailed commentary on 14 November 2012. Further inquiry note: Bernhard Wolf Tel.: +49(0) 911 395 2012 E-Mail: Bernhard.wolf@gfk.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: GfK SE Nordwestring 101 D-90419 Nürnberg phone: +49 (0)911 395 2012 FAX: +49 (0)911 395 4075 mail: investor.relations@gfk.com WWW: http://www.gfk.de sector: Consultancy Services ISIN: DE0005875306 indexes: SDAX stockmarkets: free trade: Hannover, Berlin, Hamburg, Düsseldorf, regulated dealing/prime standard: Frankfurt language: English