euro adhoc: other
Kizoo AG reduces dependency on financial markets
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.11.2008
Within the framework of the risk management for financial investments Kizoo AG (ISIN: DE000CMBT111) has shifted its portfolio of fixed-interest securities partly to cash. Of the write-off risks already announced in the amount of up to EUR 12 million, a total of EUR 3.5 million has been realized with an impact on net results. The cash funds of the company amount at present to about EUR 25 million. With this measure the dependency of the company on the future development of the financial markets has been reduced accordingly.
end of announcement euro adhoc
Further inquiry note:
Silvia Teschner
Investor Relations
Tel. +49 721 5160 2701
investor.relations@kizoo.com
Branche: Online
ISIN: DE000CMBT111
WKN: CMBT11
Index: CDAX, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade