EANS-Adhoc: MEDION AG
Company outlook 2011
19.10.2011 – 08:13
-------------------------------------------------------------------------------- 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/Company outlook 2011 19.10.2011 MEDION AG: Ad-hoc-announcement pursuant to section 15 German Securities Trading Act (WpHG) Essen, 19. October 2011 - When MEDION AG's half-year report was published on August 12, 2011, the MEDION AG Management Board had already indicated that the company's original forecast for its 2011 earnings was under threat from the rise in general economic risks and the associated uncertainty among consumers regarding purchases of durable goods. These risks have increased in the last two months. In this environment, and given the as yet unresolved European sovereign debt crisis, plus consumers' ongoing reluctance to buy, the MEDION Managing Board now believes that revenue is likely to be approximately 10 percent lower in 2011 (2010: EUR 1.6 billion). MEDION's market position in Germany and Europe, however, improved even in this difficult environment. The decline in revenues which is also due to lower average sales prices will result in EBIT on the level of the previous year (EUR 28 million). Investor Relations Tel.: +49-201-8383-6501 Email: {aktie@medion.com}[HYPERLINK: mailto:aktie@medion.com] www.medion.com Further inquiry note: Investor Relations Tel.: +49(0)201 83836501 E-Mail: aktie@medion.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: MEDION AG Am Zehnthof 77 D-45307 Essen phone: +49(0)201 83836500 FAX: +49(0)201 83836510 mail: aktie@medion.com WWW: http://www.medion.com sector: Technology ISIN: DE0006605009 indexes: stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English