Major Shareholding Notification • Oct 2, 2007
Major Shareholding Notification
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News Details
Ad-hoc | 2 October 2007 11:46
Jenoptik AG:JENOPTIK AG has sold its shares in PVA TePla.
Jenoptik AG / Strategic Company Decision
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Today, JENOPTIK AG has sold its minority stake in the stock exchange listed
company PVA TePla AG, Asslar.
With this further disposal of assets not required for operational purposes
the Jenoptik Group is consistently focusing on its core competencies in
Laser/Optics, Optoelectronics and Mechatronics and thus on its operating
business.
JENOPTIK AG will receive liquidity of more than 20 million euros from the
sale of the shares in PVA TePla AG. As planned Jenoptik will use this
amount to repay existing liabilities, in particular the remaining
liabilities to the minority shareholders of the sold Clean Systems division
of about 15 million euros.
JENOPTIK AG reaffirms the forecast for the full year 2007 made in August in
connection with the publication of the results for the first half year.
Besides the positive contribution to the Group from this sale, other
special effects that will impact the result are expected. These effects
might stem from the Group’s continuing process of focusing on its core
business (partially impacting on EBIT), from the early repayment of its
fixed-interest bond (effecting the financial result) and the reform of
taxation (deferred tax expense). Assuming that the balance of all special
effects in the second half of the year would produce a slightly positive
EBIT contribution, the Group EBIT might come in at 38 to 42 million euros.
If this can not be achieved, the Group EBIT for the year 2007 will be below
this range at 32 to 36 million euros, as already announced.
Contact: IR; Sabine Barnekow, Phone/Fax ++49(0)3641-652156;
www.jenoptik.com
02.10.2007 Financial News transmitted by DGAP
Language: English
Issuer: Jenoptik AG
Carl-Zeiss-Straße 1
7739 Jena
Deutschland
Phone: +49 (0)364 165-0
Fax: +49 (0)364 165-2157
E-mail: [email protected]
Internet: www.jenoptik.com
ISIN: DE0006229107
WKN: 622910
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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