DGAP-Adhoc

Asian Bamboo announces Q1 2013 results - Seite 3

Year-end review of the Company's operations

At the end of the year the Management Board and the Supervisory Board will
review all aspects of the Company's operations. In this context the
Management Board wishes to emphasise that the structural issues, such as
increasingly unpredictable weather patterns and the decreasing supply of
farm labour, will not go away as a result of this turnaround plan. However,
the Management Board believes that decentralised decision making and
stronger and clearer incentives for the employees involved in plantation
management will yield positive results. In the unlikely event that the
situation does not improve by the end of the year, the Management Board and
the Supervisory Board will consider selling assets. Such an asset sales
programme could go on for a longer period of time and the worst performing
assets would be sold first. The company's key assets are of course the
plantation leases.

Financial situation

The financial situation remains stable. The Management Board forecasts
close to positive operating cash flows this year and should the situation
not improve before the end of the year, the Company will then initiate an
asset sales program which would further improve the financial situation of
the Group.

Guidance

The Management Board expects the overall operating situation to remain
challenging for the rest of the year. Therefore, the Management Board
forecasts revenues of at least EUR 50 million and close to positive
operating cash flows in FY 2013.


For enquiries, please contact:

Asian Bamboo AG:

Peter Sjovall [phone]
Chief Financial Officer [e-mail]

Anja Holst [phone]
Investor Relations Director [e-mail]


14.05.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Asian Bamboo AG
Stadthausbrücke 1-3
20355 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.asian-bamboo.de
ISIN: DE000A0M6M79, DE000A0M6M79
WKN: A0M6M7, A0M6M7
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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