adesso AG

EANS-Adhoc: adesso will not continue developing the dynamic.suite product family

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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29.05.2012

adesso AG will not continue developing the dynamic.suite product family for
energy and water management in its present form and will cease financing
dynamicutilities GmbH, the Group company commissioned to develop this product
family. Further delays in module completion, in combination with a later market
entry as well as the structural challenges recently determined by external
experts, led to a revaluation of the opportunities and risks associated with
continued investment in this product family.

Ongoing monthly capital requirements amounted to EUR 0.2 million. Developments
impacted earnings by EUR 0.15 million per month. Financially, the
discontinuation of development will mainly result in the depreciation of
goodwill, the amortisation of internally-generated intangible assets and of
deferred tax assets in the amount of approximately EUR 2.1 million, while also
causing subsequent operational costs. In light of this unforeseen development
expense, we are increasing EBITDA guidance to EUR 8.8 to 9.1 million while
revising the pre-tax profits forecast down to EUR 3.5 million due to
depreciation and amortisation. 

The Executive Board


Further inquiry note:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 930-9330
E-Mail: ir@adesso.de

end of announcement                               euro adhoc 
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issuer:      adesso AG
             Stockholmer Allee 24
             D-44269 Dortmund
phone:       +49 231 930-9330
FAX:         +49 231 930-9331
mail:     ir@adesso.de
WWW:      http://www.adesso-group.de
sector:      Computing & Information Technology
ISIN:        DE000A0Z23Q5
indexes:     CDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/general standard: Frankfurt 
language:   English
 



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