Adval Tech Holding AG — Earnings Release 2012

Feb 5, 2013

News Details

Ad-hoc | 5 February 2013 07:00

Adval Tech,expects a negative EBIT

Adval Tech expects a negative EBIT
Niederwangen, February 5, 2013, 7 a.m. – The Adval Tech Group will not achieve the planned sales target with growth of 4 to 7% for the 2012 financial year or the targeted turnaround at EBIT level. The Group is expecting a negative EBIT in the low single-digit millions. In particular, value adjustments on risk positions, delays to the start of individual projects and the as yet unfinished reorganization of the production site in Suzhou, China, have all contributed to this development. Adval Tech will announce the definitive figures for 2012 at the end of March 2013. The annual media conference and publication of the annual report are scheduled for April 23.
Contact René Rothen, CEO, phone +41 31 980 82 69, rene.rothen@advaltech.com Markus Reber, CFO, phone +41 31 980 82 70, markus.reber@advaltech.com Background information about the Adval Tech Group Adding value through innovations – that’s what Adval Tech stands for. As a global technology and process partner Adval Tech focuses on the complementary technologies of metal stamping and forming and plastic injection molding. In selected markets in the automotive, medical technology and consumer goods sectors, Adval Tech is a leading global supplier of series parts, subassemblies, systems and tools. As a supplier and value-adding partner, Adval Tech covers the entire value chain: from product design and the development of series parts through construction and production of the necessary tools and molds to entire production systems and the resulting manufacture of components. Adval Tech operates in the markets under the names AWM, FOBOHA, Omni, QSCH, Styner+Bienz and Teuscher. Diary Key figures 2012:                                                     End of March, 2013 Conference for financial analysts 2013:              April 23, 2013, in Zurich Press conference 2013:                                         April 23, 2013, in Zurich Publication annual report 2012:                           April 23, 2013 General meeting of shareholders 2013:            May 16, 2013, in Berne