euro adhoc: SYNAXON AG
Strategic management decisions
SYNAXON AG: "DIGITAL
INC." pilot store to be closed
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
01.09.2006
On September 01, 2006, the Management Board and Supervisory Board of SYNAXON AG reached the decision to discontinue all business operations of the DIGITAL INC. company store located in Vienna, Austria, by the end of the year. Although the store again recorded higher revenues in Q2 2006 and was able to scale back its loss, the current situation at the SCS Multiplex site in Vienna does not suggest that the Austrian enterprise will be in a position to achieve break-even in the foreseeable future. Furthermore, the assessment of this specific market and store structure has now been completed and a number of conclusions drawn from these activities have already been integrated within the German franchise system or will be incorporated in the development of next-generation store concepts. The closure of the pilot store is expected to produce exceptional charges of between EUR 0.4 and 0.6 million in 2006.
end of announcement euro adhoc 01.09.2006 16:20:49
Further inquiry note:
SYNAXON AG
Investor Relations
Telefon: +49 (0) 521 - 9696-292
E-Mail: ir@synaxon.de
Branche: Hardware
ISIN: DE0006873805
WKN: 687380
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade