ItN Nanovation AG

euro adhoc: ItN Nanovation AG
Financial Figures/Balance Sheet
ItN Nanovation AG publishes figures for the first nine month of 2008

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

9-month report


• Sales after nine months up 4.3 percent at EUR 3.9 million • EBIT after nine months -EUR 8.7 million • Management Board makes safeguarding liquidity top priority by introducing measures

Saarbrücken, November 28, 2008 - ItN Nanovation AG (ISIN DE000A0JL461) generated sales amounting to EUR 3.9 million in the first nine months of 2008. This represents an increase of 4.3 percent compared to the same period in the previous year. Sales in the filter division - currently in the development phase - rose by 87 percent, and decreased in the coatings segment by 2 percent. EBIT of EUR -8.7 million was reported in the first nine months of 2008 after amounting to EUR -4.6 million in the previous year. This includes negative one-time effects amounting to approximately EUR 2.6 million, mainly attributable to the realignment of the company and the change in management.

As of September 30, 2008, the equity ratio amounted to 57 percent compared to 73 percent at 2007 year-end. The company´s liquid assets totaled EUR 1.6 million as of the 2008 reporting date and have continued to fall since then. The Management Board has introduced the necessary measures to ensure an improvement in cash and cash equivalents, making this a top priority. To achieve this, operating segments, which have been identified by management as non-core, may be disposed of to strategic partners. The out-licensing of industrial property rights is also an option. In addition, the company´s major shareholders have indicated that they want to continue providing the company with the support it needs for its further development in the future.

The complete report for the first nine months of 2008 is available on the internet at

@@start.t2@@end of announcement                                                 euro adhoc

ots Originaltext: ItN Nanovation AG
Im Internet recherchierbar:

Further inquiry note:
ItN Nanovation AG
Untertürkheimer Straße 25
66117 Saarbrücken
Tel.: +49 (0) 681/50 01-460
Fax: +49 (0) 681/50 01-499

IR contact:
edicto GmbH
Axel Mühlhaus
Zeißelstr. 19
60318 Frankfurt am Main
Tel.: 069-90 55 05-52
Fax.: 069-90 55 05-77

Branche: Technology
ISIN:      DE000A0JL461
WKN:        A0JL46
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: ItN Nanovation AG

Das könnte Sie auch interessieren: