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euromicron AG: Entering the final straight in 2014 with the highest 9-month sales figure ever - Seite 3

compared with 37% at December 31, 2013, thus continues to form one of the
long-term strategic pillars in the company's financing.

Financial position The euromicron Group's net debt (noncurrent and current)
at September 30, 2014, fell sharply to EUR87.2 million (previous year:
EUR94.8 million). Despite an increase in business activity and higher
up-front financing of projects, the lower net debt is attributable to the
further improvement in working capital as part of the Agenda 500 and
sustained cash optimization at the operating companies. In addition,
factoring ensures quicker receipt of payments.
In October 2014, euromicron AG implemented as planned the first stage of
expanding and converting its financing structure under the Agenda 500 by
successfully placing a borrower's note loan for EUR20 million. As a result,
the goal of a financing structure consisting of around 50% plannable
medium- and long-term financing and 50% short-term financing for operating
business was almost achieved again.

Outlook "We aim to keep on controlling our operating business
successfully in the remainder of the year and prepare our company for the
next planned stage of its growth," says Thomas Hoffmann. In the eyes of the
Executive Board Member, that not only includes a stable course of business,
but also successful completion of further Agenda 500 projects. They are
then to be transitioned to a continuous improvement processes at the
beginning of 2015.

In addition, euromicron AG constantly examines the possibility of taking
over companies. The focus here is on companies that are leaders in their
special markets and would complement the Group's portfolio with their
skills, including with regard to current developments in industrial cloud
applications. Moreover, a Group-wide cost-cutting program, coupled with
optimization of processes and structures, is helping to lastingly secure
the company's positive business performance.

The company is sticking to its forecast for 2014, despite the fact that the
overall economic climate is proving to be increasingly challenging and
volatile as a result of geopolitical developments and weaker investment.
"Implementation of the Agenda 500 and our comfortable order books lead us
to expect that we will achieve our sales forecast of EUR340 to EUR360
million," states Chief Executive Officer Dr. Willibald Späth. "In our
results, we see a certain margin of risk as a result of the increasing
exogenous uncertainties, which are mainly impacting our high-margin