M&A Activity • Sep 28, 2007
M&A Activity
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Ad-hoc | 28 September 2007 15:10
plenum AG: plenum sells stoll & fischbach agency
plenum AG / Disposal
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.
Ad-hoc message from plenum AG: plenum sells stoll & fischbach agency
Wiesbaden, 28/09/2007 – plenum AG (ISIN DE 0006901002) announces that the
sale of the agency plenum stoll & fischbach GmbH to Gerhard Fischbach and
Heinz Stoll announced in the ad-hoc release of 17 September has taken
place as planned as a management buy-out.
Having sold plenum stoll & fischbach, plenum is a pure consulting company
again. Close cooperation was agreed between the buyers and plenum in the
fields of marketing strategy and Customer Interaction Management (CIM)
allowing customers to access the service spectrum of both companies.
The negative effects on earnings caused by the agency business will thus
not continue in the 4th quarter. On the contrary, by concentrating on the
highly profitable business of management consulting, the gross margin will
continue to improve (15% in the first half year, 2006, 29% in the first
half year, 2007) and will affect EBIT accordingly.
The sale itself will have a positive effect on the result of plenum AG for
the business year 2007. Both sides have agreed to be bound to secrecy about
details of the sale.
The company will publish more forecasts in the report dealing with the 3rd
quarter.
About plenum AG:
plenum AG (Prime Standard, ISIN DE0006901001) is one of Germany's leading
management consultancies. The company specialises in strategic tasks as
part of the industrialisation of service companies, in particular of
financial service providers and energy suppliers. Its core competencies
are marketing and communication, optimisation of business processes and
outsourcing, IT efficiency and IT outsourcing as well as Human Resources
and skill management. The service chain ranges from strategy development to
controlling the successful implementation.
Regarding further information or inquiries, please contact:
plenum AG
Investor RelationsHagenauer Str. 53
65203 Wiesbaden
Tel.: +49 (0)611-9882-0
Fax: +49 (0)611-9882-496
Email: [email protected]
Internet: www.plenum.de
Investor Relations
FINREL GmbH – financial relations –
Stefan Bülling
Barnerstr. 14
22765 Hamburg
Tel.: +49 (0)40-39834-641
Fax: +49 (0)40-39834-649
Email: [email protected]
Internet: www.finrel.de
Information and comments from the issuer of this report:
This report contains forward-looking statements that involve risks and
uncertainties due to current expectations, estimates, predictions and
forecasts as well as the use of estimates by the management of plenum AG.
Such forward-looking comments comprise the predictions of budgets,
strategies and outlooks. Forward-looking statements can also be identified
by words such as 'anticipates', 'expects', 'preliminary', 'plans',
'predicts', and similar terms. Forward-looking statements are no guarantees
of future performance and the Company's actual results may differ
significantly from the results discussed in this section.
Language: English
Issuer: plenum AG
Hagenauer Straße 53
65203 Wiesbaden
Deutschland
Phone: +49 (0)611 9882-361
Fax: +49 (0)611 9882-496
E-mail: [email protected]
Internet: www.plenum.de
ISIN: DE0006901002
WKN: 690100
Listed: Geregelter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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