SIMONA AG — Earnings Release 2008

Oct 29, 2008

News Details

Ireland | 29 October 2008 07:00

Simona AG: Interim Announcement – Second Half of the financial year 2008

Simona AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]

Interim report according to Article 37x of the WpHG, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

INTERIM ANNOUNCEMENT - SECOND HALF OF THE FINANCIAL YEAR

SIMONA Group increases revenues

The SIMONA Group managed to generate further momentum in sales revenue over
the course of the first three quarters of 2008. Despite the significant
decline in the global economy, sales revenues were expanded to EUR 236.9
million as at September 30, 2008. This corresponds to a year-on-year
increase of 4.5 per cent. Having said this, annual comparability is limited
due to the fact that Georg Fischer SIMONA Fluorpolymer Products GmbH was
deconsolidated effective from January 1, 2008. Excluding the revenue
contribution of Georg Fischer SIMONA Fluorpolymer Products GmbH, the
year-on-year increase in revenue stood at 6.5 per cent.

Growth was driven by both the semi-finished products segment and the
business segment responsible for the area of pipes and fittings. Within the
area of semi-finished products, the SIMONA Group benefited from the still
favourable business climate witnessed in the chemical and mechanical
engineering industries and the focus on new applications, e.g. within the
field of environmental technology. Revenues attributable to the pipes and
fittings segment were also expanded. The company's North American
subsidiary remains in the grips of a severe economic downturn in the US,
but nevertheless managed to generate growth in revenue. In Asia, revenues
generated during the reporting period ended September 30 grew
significantly.

The Group's solid financial and cash-flow position continued to improve
compared with the first half of 2008, buoyed by a further increase in cash
resources.

Despite the latest fall in oil prices, the procurement costs associated
with raw materials processed by SIMONA rose to an all-time high in the
third quarter. The company expects to see a reduction in commodity prices
for the fourth quarter, despite the fact that prices for some raw materials
have not yet followed the downward trend of oil prices.

Given the encroaching financial and economic crisis, any target that lies
beyond last year's solid performance must be viewed as being ambitious.
Having said that, achieving such a target is not considered impossible.
However, success within this area will only be forthcoming if there are no
other significant repercussions from the financial and economic crisis.

As at September 30, 2008, the SIMONA Group employed 1,253 people, compared
with a workforce of 1,226 at the same period a year ago. The higher level
of employment within the Group is attributable mainly to the new production
facility in Litvinov/Czech Republic.

Kirn, 29 October 2008

The Management Board

29.10.2008 Financial News transmitted by DGAP

Language: English
Issuer: Simona AG
Teichweg 16
55606 Kirn an der Nahe
Deutschland
Internet: www.simona.de

End of News DGAP News-Service

---