adesso SE

Legal Proceedings Report • Jan 27, 2014

News Details

Ad-hoc | 27 January 2014 20:05

adesso AG: Anticipated losses with a major project

adesso AG / Key word(s): Miscellaneous

27.01.2014 20:05

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

The executive board of adesso AG has decided to enter into
customer-demanded negotiations about the premature termination of a
contract regarding a major project due to opposing assessments of the
status of the project and how to proceed. Although adesso wishes to
continue with the project in line with contracts, in the light of the
specific circumstances this seems unlikely. The possible, immediate impact
on earnings from the project termination is estimated between EUR 0.5 to
1.0 million and will have an impact in fiscal year 2013 through the
precautionary devaluation of inventories. The consequences regarding full
year 2013 guidance for EBITDA of EUR 7.5 to 8.0 million can not be
estimated before having preliminary consolidated figures at hand.
The Executive Board

Contact:
Christoph Junge
Chief Financial Officer
Tel.: +49 231 930-9330
E-Mail: ir@adesso.de

27.01.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: adesso AG
Stockholmer Allee 24
44269 Dortmund
Germany
Phone: +49 (0) 231 930-9330
Fax: +49 (0) 231 930-9331
E-mail: ir@adesso.de
Internet: www.adesso-group.de
ISIN: DE000A0Z23Q5
WKN: A0Z23Q
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (General
Standard), Hamburg, Stuttgart

End of Announcement DGAP News-Service

---