DGAP-News: euromicron AG: Provisional figures confirm growth forecast for 2010
(firmenpresse) - DGAP-News: euromicron AG / Key word(s): Final Results
euromicron AG: Provisional figures confirm growth forecast for 2010
25.03.2011 / 13:00
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Publication of the annual financial statements postponed to April 21, 2011
Frankfurt/Main, March 25, 2011 - euromicron has decided to provide its
shareholders with preliminary information on the annual financial
statements and announces that, on the basis of the unaudited provisional
figures, the company is confirming its forecast, with sales coming in at
around EUR203 million (previous year: EUR187 million) and EBIT at just over
EUR20 million (previous year: EUR18 million). Consolidated EBITDA will
increase by 14% to approximately EUR24 million. Given an anticipated
average tax ratio of 30%, euromicron currently assumes that its net income
for the year will be between EUR11-12 million. The distribution policy will
be retained, thus ensuring an unbroken dividend record despite the issue of
new shares and the sale of treasury shares in 2010.
euromicron AG also reports that publication of the 2010 annual financial
statements will be postponed by 3 weeks to April 21, 2011. This is due to
the fact that, after BDO Deutsche Warentreuhand AG resigned its commission
to audit the 2010 annual financial statements in November (see the
information for shareholders on the homepage of euromicron AG at
http://www.euromicron.net/investor-relations/aktionaersinformationen for
more details), the new auditing firm PwC PricewaterhouseCoopers AG could
only be appointed at the end of November 2010, with the result that it was
not able to commence its work until the beginning of December 2010 and so
around 4 weeks later than normally envisaged for euromicron's annual
financial statements. This formal delay and the work needed to deal with
the adjustments stipulated by the German Financial Reporting Enforcement
Panel and accepted by euromicron meant that, despite mobilizing all its
forces and its extremely professional work on the part of PwC, the time
lost was not able to made up so as to ensure the customary care euromicron
expects in auditing of its statements. Consequently, publication of the
2010 annual financial statements will be postponed. The Analysts'
Conference will also be held on April 21, 2011.
Since July 1, 2005, the German Financial Reporting Enforcement Panel (DPR)
has audited the accounting of companies who are on Germany's Regulated
Market (enforcement).
euromicron AG is an all-round solution provider for communications, data
and security networks. Its network infrastructures integrate voice, video
and data transport wirelessly, via copper cable and by means of fiber-optic
technologies. euromicron builds its leading applications, such as e-health,
security, control or surveillance systems, on the basis of these network
infrastructures.
Founded on its expertise as a developer and producer of fiber-optic
components, euromicron AG is a strongly growing, highly profitable group
that is listed on the stock market, has a medium-sized character and
focuses on operational growth, integration and further market penetration,
internationalization and expansion.
If you have any more questions, please contact:
euromicron AG
Speicherstraße 1
60327 Frankfurt/Main
Germany
Investor Relations
IR-PR(at)euromicron.de, www.euromicron.com
End of Corporate News
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25.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: euromicron AG
Speicherstr. 1
60327 Frankfurt
Deutschland
Phone: +49(0) 69 631583-0
Fax: +49(0) 69 631583-20
E-mail: info(at)euromicron.de
Internet: www.euromicron.de
ISIN: DE0005660005
WKN: 566000
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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117015 25.03.2011
Datum: 25.03.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 33593
Anzahl Zeichen: 0
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Kategorie:
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