DGAP-Adhoc

METRIC mobility solutions AG: Change in stock exchange segments/Reduced sales and earnings expectations

METRIC mobility solutions AG / Key word(s): Development of Sales/IPO

29.07.2016 16:55

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Hanover, 29.07.2016

The Board of Management of METRIC mobility solutions AG today adopted a
resolution to change the stock exchange listing of METRIC mobility
solutions AG shares from the Prime Standard of the Regulated Market to the
General Standard of the Regulated Market of the Frankfurt Securities
Exchange.
The Company will now file a corresponding application for revocation of the
listing of its shares in the Prime Standard segment of the Frankfurt
Securities Exchange.
The revocation of the listing will take effect after three months have
elapsed since the publication of the decision to revoke the listing on the
part of the Stock Exchange Management on the Internet
(www.deutsche-boerse.com).
The listing of METRIC mobility solutions AG shares on the regulated market
will remain unaffected by this revocation.

The change in stock exchange segments serves to avoid the additional
expenditure associated with the stock exchange listing in the Prime
Standard segment.

Reduced sales and earnings expectations

The company METRIC mobility solutions AG (Frankfurt Securities Exchange,
Prime Standard; ISIN DE000A1X3X66) has lowered its sales and earnings
expectations for the current financial year. Unexpectedly occurring
deviations from planning figures regarding the realisation of sales
revenues and similar departures expected in future have prompted the Board
of Management to lower the sales and earnings targets originally forecast
for this financial year. METRIC mobility solutions AG now anticipates sales
revenues significantly down on the previous year's level (previously: after
currency adjustments, in the lower single-digit percentage range above the
previous year's figure) and negative EBIT at least in the upper
single-digit millions range (previously: positive EBIT in the lower
single-digit millions range). This forecast is based on the assumption of
"going concern" accounting.
It will not be possible for the plan deviations that occurred in the
realisation of sales revenues in the first half of the year (in the context
of the insolvency proceedings under own administration applied for by the
Company) to be compensated for in the second half of the year. In
contrast, additional negative deviations from the planning figures for
sales realised are expected to arise in the second half of the year. For
instance, the public transport authority Berliner Verkehrsbetriebe (BVG)
has declared a contractual rescission. This rescission alone will lead to
lower invoiced sales revenues at METRIC mobility solutions AG in the second
half of 2016 in the upper single-digit millions range.
METRIC mobility solutions AG plans to make an effort to reach an amicable
solution with the public transport authority Berliner Verkehrsbetriebe
(BVG). The objective of METRIC mobility solutions AG is to continue the
relevant project. A further appointment for negotiations in this connection
has been made with Berliner Verkehrsbetriebe (BVG).
Moreover, the preliminary insolvency proceedings currently under way are
making it more difficult for the Company to participate in public tenders.

METRIC mobility solutions AG
Thomas Dibbern
CEO
Rotenburger Str. 20
30659 Hanover
The Board of Management

Contact:
METRIC mobility solutions AG
Sybille Gäbisch
[phone]
[e-mail]


29.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: METRIC mobility solutions AG
Rotenburger Str. 20
30659 Hannover
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: http://www.metric-group.com
ISIN: DE000A1X3X66
WKN: A1X3X6
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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