DGAP-Adhoc: Goldbach Group AG: increase in turnover, value adjustment
Goldbach Group AG / Key word(s): Forecast
16.12.2013 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR
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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
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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
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