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23.05.2012 – 18:09

Höft & Wessel AG

EANS-Adhoc: Hoeft & Wessel: Reorientation leads to substantial streamlining

  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.
Company Information


- Improved product portfolio for ticketing, parking and mobile solutions
- Hoeft & Wessel plans to show even more customer focus

Hannover, 23/05/2012. The Hoeft & Wessel Group has now laid down the details of
its initiated reorientation. Following a substantial streamlining of the
company with new, simplified management structures as well as an improved and
tried-and-tested product and system portfolio, the organisation will show even
more customer focus under its Hoeft & Wessel brand name. At the parent company,
Hoeft & Wessel AG, the two business divisions based in Hannover, namely
ticketing systems and mobile solutions, will be consolidated. As a result, the
fragmentation that has occurred in recent years will be corrected. Externally,
these divisions will be represented by the corporate brand Hoeft & Wessel.

With its new, uniform presence, its good market positioning for ticketing
systems and mobile solutions is to be further extended in Europe as well as in
selected countries across the globe.

This also applies to the leading international position of the British Metric
subsidiary, whose business development within the Group is to be further
enhanced. The objective is an extension of its sales of car park terminals both
in its home market, the United Kingdom, and internationally via partner

On the whole, the group of companies, which perceives itself as a leading IT
hardware and software specialist for ticketing, parking and mobile systems,
will intensify its special expertise in the field of individually customised
solutions even further.

Following an unexpectedly poor business trend in 2011, Hoeft & Wessel had
initiated an extensive reorientation. At the beginning of the year, Michael
Hoeft, one of the Company's founders and the majority shareholder, took over as
CEO and commenced with the strategic repositioning. Within the scope of
restructuring the business divisions, up to 90 jobs will be cut at the Hannover
Head Office. In the process, the internal structures will be considerably
simplified and once again geared more strongly to customers' needs.

The leadership structures will also be streamlined. The Board of Management
will be downsized from two to one person, with Michael Hoeft being the sole
member of Management. Thomas Wolf, the past second member of the Board of
Management, will remain part of the Company and will be taking over the newly
created central function as Head of Sales.

A Chief Restructuring Officer is planned to be temporarily appointed  to assist
Michael Hoeft in bringing about a consistent reorientation of the Company. The
internal restructuring is to be concluded by the end of this year. The CEO
expects initial positive effects for business trends arising from the initiated
reorientation to emerge as early as 2013.

In order to be able to incorporate the details now unfolding on expenses of
restructuring measures in the future planning activities, the publication of
the Annual Report 2011 and of the Quarterly Report for 2012 has been postponed
to 19 July 2012 and the date for the Annual General Meeting to 30 July 2012.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300

end of announcement                               euro adhoc 

issuer:      Höft & Wessel AG
             Rotenburger Str.  20
             D-30659 Hannover
phone:       +49-511-6102-0
FAX:         +49-511-6102-411
sector:      Technology
ISIN:        DE0006011000
indexes:     Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English

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