Dr. Hönle AG

EANS-News: Hoenle generates a balanced result in the fourth quarter, excluding special effects; positive outlook

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Financial Figures/Balance Sheet

Graefeling/Munich (euro adhoc) - According to preliminary figures, the Hoenle Group earned sales revenues of TEUR 11,374 in the fourth quarter (PY: TEUR 15,857). The operating result (EBIT) came to TEUR -1,872 (PY: TEUR 821), and the consolidated result was TEUR -2,427 (PY: TEUR 619). Special one-off effects that reduced income by the amount of TEUR -1,861 in the fourth quarter were mainly associated with restructuring and the integration of the new companies. Excluding the one-off effects, the Hoenle Group´s operating result was balanced in the fourth quarter.

The Hoenle Group´s sales revenues declined from TEUR 48,744 in the financial year 2007/2008 (annualised TEUR 67,588) to TEUR 44,985 in financial year 2008/2009, and the operating result dropped from TEUR 5,630 in the previous year to TEUR -3,938 in the year under review. In the same period the pretax result fell from TEUR 5,908 to TEUR -4,073, and the consolidated result from TEUR 4,569 to TEUR -4,083. Earnings per share decreased from EUR 0.79 to EUR -0.76.

The Hoenle Group´s liquid assets amounted to TEUR 3,158 as at 30 September 2009. The liquid assets, financial assets and own shares portfolio (market value as at 30 September 2009) totalled TEUR 5,061. The equity ratio stood at 65.6 %.

Outlook: Hoenle successfully integrated the newly acquired companies in financial year 2008/2009 and, in so doing, significantly extended the basis for strong earnings growth. Extensive action plans were systematically implemented so that, as from sales of EUR 42 million, a positive result is expected in financial year 2009/2010. As a consequence, the Hoenle Group is well positioned even in an economically difficult environment.

The orders position improved in all corporate segments at the end of the financial year. Both incoming orders and the orders on hand were above the previous quarters. It is particularly satisfactory that positive development is also recognisable in the offset and digital printing segment. Hoenle expects an increase in sales revenues in the first quarter, in comparison with the previous quarter, and an operating result of between TEUR 500 and TEUR 1,000. It is difficult to forecast the whole year due to the uncertain development of the economy. Nevertheless Hoenle assumes for the financial year as a whole, further positive profit contributions in the following quarters even in light of a weak economic development.

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ots Originaltext: Dr. Hönle AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Peter Weinert
Tel.: +49 89 856 08 173
E-Mail: peter.weinert@hoenle.de

Branche: Instrument Engineering
ISIN:      DE0005157101
WKN:        515710
Index:    CDAX, Prime All Share, Technology All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              Hannover / free trade
              München / free trade



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