029 Group SE

Earnings Release • Mar 31, 2005

News Details

Ad-hoc | 31 March 2005 10:07

Armstrong DLW AG

Ad hoc announcement §15 WpHG Armstrong DLW AG Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Bietigheim-Bissingen, Germany – Armstrong DLW AG (“ADLW”) announced today that Armstrong Holdings, Inc. (“Armstrong”), its ultimate U.S. parent company, reported yesterday that it recorded a $48.4 million non-cash charge under U.S. GAAP against goodwill in its fourth quarter of 2004 attributable to Armstrong’s resilient flooring business in Europe, of which Armstrong DLW AG is the major part. The goodwill was recorded in conjunction with Armstrong’s 1998 acquisition of ADLW, Armstrong also recorded a charge under U.S. GAAP of $44.8 million relating to the impairment of the value of ADLW’s land and facilities used in European resilient flooring operations. Armstrong made the non-cash charges in compliance with United States accounting principles which require that significant tangible and intangible assets be reviewed on a regular basis for impairment. Armstrong’s discussion of these charges can be found in Notes 10 and 12 to its 2004 consolidated financial statements filed with the U.S. Securities and Exchange Commission in its 2004 annual report on Form 10-K, which was filed yesterday. These charges do not impact the financial statements of ADLW under German Generally Accepted Accounting Principles (HGB), or affect the cash flow of either Armstrong or ADLW. Date: March 31, 2005 Time: 9 a.m. David Randich Armstrong DLW AG Stuttgarter Straße 75 74321 Bietigheim-Bissingen Deutschland ISIN: DE0005518005 WKN: 551800 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (General Standard), Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 31.03.2005 311007 Mär 05