Meyer Burger Technology AG — Earnings Release 2010

Nov 9, 2010

News Details

Ad-hoc | 9 November 2010 21:33

Roth & Rau Group announces preliminary nine month financial figures

Roth & Rau AG / Key word(s): Change in Forecast

09.11.2010 21:33

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Roth & Rau Group announces preliminary nine month financial figures
Adjustment of the profit-and-loss forecast for the entire year
Decline of EBIT to 3.0 m EUR due to unscheduled amortizations and increase
of provisions
Turnover grew by 18.6 %, amounting to 189.2 m EUR

Based on preliminary figures for the third quarter of the business year
2010, today the management board of Roth & Rau AG reduced the
profit-and-loss forecast for the current business year.

In the first nine months of 2010, Roth & Rau AG probably achieved a total
revenue of 189.2 m EUR (2009: 159.5 m EUR) and earnings before interest and
taxes (EBIT) of 3.0 m EUR (2009: 13.1 m EUR). Whereas the proceeds
developed according to its expectation, the EBIT is in particular debited
due to depreciations amounting to 8.5 m EUR. Due to the probable
cancellation of turnkey-projects in India, in the third quarter already
partially realized turnovers had to be booked into the own stocks and
depreciated. Further negative impacts are caused by delays in connection
with the execution of two turnkey-projects in Spain as well as
depreciations of working capital and allocations to provisions.
Furthermore, additional development expenses were caused in the context of
a key account project during which a new production step within mass
production was realized.

For the business year 2010 the management board of Roth & Rau AG now
expects an EBIT of approximately 9 - 9.5 m EUR. The sales forecast however
is unaltered and amounts to 285 m EUR.

The final figures regarding the business development of the first nine
months and the third quarter will be published with the quarterly report on
15 November 2010.

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Language: English
Company: Roth & Rau AG
An der Baumschule 6-8
09337 Hohenstein-Ernstthal
Deutschland
Phone: 03723 6685-0
Fax: 03723 6685-100
E-mail: info@roth-rau.de
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Düsseldorf, Berlin, Stuttgart

End of Announcement DGAP News-Service

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