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DGAP-Ad hoc: Girindus AG english = - 500 Beiträge pro Seite


ISIN: DE0005880405 | WKN: 588040
0,030
17.06.15
Lang & Schwarz
0,00 %
0,000 EUR

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Girindus revises earnings forecast

Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

Girindus revises earnings forecast

Bensberg, November 6, 2001 Girindus AG, the API manufacturer for the global pharmaceutical and biotechnology research industries, hereby revises its forecasts for the Girindus Group`s operating results for the current fiscal year as follows:

At present, the Girindus Group anticipates that its operating deficit for the current fiscal year will increase to approx. EUR -9.0 million, with EBITDA forecast at EUR -5.7 million. However, despite very difficult market conditions, all indications show the Group is on course to achieve its forecast sales of some EUR 20 million.

At the end of the third quarter 2001, the Girindus Group`s EBT amounts to EUR -6.1 million on forecast sales of EUR 14.2 million.

The increased deficit is due, in particular, to extraordinary non-recurring expenses relating to the introduction of new process technologies, increased start-up costs for the new facility in Cincinnati/USA as well as the loss of a receivable.

The Management Board has instigated structural and organizational measures, which will lead to a considerable improvement in earnings in the coming fiscal year.

Peter J. Bergsteiner, Investor Relations Girindus AG, D-51402 Bensberg Tel.: ++ 49 (0) 2204 926 911 Fax: ++ 49 (0) 2204 926 990 e-mail: pbergsteiner@girindus.com

end of ad-hoc-announcement (c)DGAP 06.11.2001 -------------------------------------------------------------------------------- WKN: 588040; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Düsseldorf

061434 Nov 01



Autor: DGAP import (),14:37 06.11.2001



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