euro adhoc: Earnings Forecast
Following a successful first six months,
Süd-Chemie revises 2007 forecast for consolidated earnings (EBIT)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
30.07.2007
Süd-Chemie AG, Munich will significantly exceed its Group targets previously forecast for the 2007 financial year which anticipated revenue of approx. EUR1.05 billion and a rise in profit from operations (EBIT) at least of 10% compared with 2006. Following a successful performance during the first six months, consolidated Group revenue of approx. EUR1.1 billion is expected for the full year of 2007 and a Group EBIT increase of some 20% compared with 2006.
Based on the preliminary results, consolidated Group revenue has risen by 13.7% compared with the previous year, reaching EUR533.0 million during the first six months of 2007. Consolidated Group profit from operations (EBIT) has recorded a 63.8% increase over the first six months of 2006 to reach EUR52.9 million. The rise in earnings during the first half of 2007, as well as the upgraded forecasts for the full year, are due largely to the fact that business performance has exceeded expectations in the Catalysts Division.
Contrary to previous announcements, the Süd-Chemie Group interim report for the first six months of 2007 is due to be published as early as Tuesday, 14 August 2007.
Munich, 30 July 2007
Enquiries to: Süd-Chemie AG Patrick Salchow Corporate Public Relations Tel. +49 (0) 89 5110-250 Fax: +49 (0) 89 5110-156
Statements relating to future events This report contains statements relating to future events based on current estimates made by the management with respect to prospective developments. Such statements are subject to uncertainties and risks which Süd-Chemie is neither able to control nor accurately assess, including for instance future market conditions and the economic environment, the behaviour of other market participants or governmental measures. Should any one of these or other uncertain or imponderable factors take effect, or should assumptions on which the statements are based prove to be incorrect, the actual results may differ significantly from those explicitly defined or implicitly contained in these statements. Süd-Chemie neither intends nor undertakes a specific obligation to update statements relating to future events in order to adjust these in line with events or developments occurring after the date of this report.
About Süd-Chemie Süd-Chemie AG (www.sud-chemie.com) is a publicly quoted (Security Identification Number (WKN): 729 200), independent specialty chemical company headquartered in Munich, Germany and operating on a worldwide scale. Key markets served by its Adsorbents Division include the consumer-goods, packaging and foundry industries, as well as the paper and plastics industries. Products manufactured by the Catalysts Division offer solutions for water treatment, petrochemicals processing, energy storage and hydrogen production, as well as off-gas purification. The common denominator of all its products and innovations is the efficient and sparing use of natural resources to enhance the quality of life for humans and the environment. Süd-Chemie Group employs approx.5,000 people at its 70 sales and production sites worldwide. Süd-Chemie is celebrating its 150th anniversary in 2007.
end of announcement euro adhoc 30.07.2007 10:24:13
Further inquiry note:
Patrick Salchow
Tel.: +49 (0)89 5110 250
E-Mail: patrick.salchow@sud-chemie.com
Branche: Chemicals
ISIN: DE0007292005
WKN: 729200
Index: CDAX
Börsen: Börse Berlin / regulated dealing
Börse Hamburg / free trade
Börse Frankfurt / free trade
Börse München / official dealing/general standard