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ItN Nanovation AG

ItN Nanovation presenting figures for 2007

30.04.2008 – 09:36

Saarbrücken (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
April 30 2008. In the financial year 2007
ItN Nanovation AG (ISIN DE000A0JL461) successfully established its 
strategic growth platform by cooperating with international market 
leaders. The development in turnover was not in line with 
expectations due to one-off effects. It reached EUR 4.8 million 
compared to EUR 5.8 million in 2006. One-time effects resulted from a
price reduction for main customers B/S/H Bosch und Siemens Hausgeräte
as well as a delay of turnover expected from Nanocomp Metcast 
(foundry segment) by one year. For 2008 the company is expecting a 
significant increase in turnover.
Subsequently operating performance in the financial year 2007 came in
at EUR 5.9 million after EUR 6.3 million in the previous year. 
Earnings before tax reached EUR -6.5 million compared to EUR -4.6 
year-on-year. The annual result was recorded at EUR -8.2 million 
after EUR -5.9 million in 2006. This can mainly be attributed to the 
delayed introduction of an optimized Nanocat product at B/S/H, 
establishing more resources in sales, R&D and production, as well as 
relocating ceramic tubular filter membrane production to China. The 
equity ratio at the end of the financial year reached almost 73 
percent compared to 77 percent one year earlier.
In 2007, a new and far-reaching cooperation and sales contract was 
signed with BASF SE on the introduction and expansion of Nanocomp AF 
(anti-fouling). This agreement complements the existing partnership 
on the Nanocat line with B/S/H Bosch und Siemens Hausgeräte. In 
addition to that the foundations for a cooperation and sales contract
with RWE for the power plant product line Nanocomp PP (power plant) 
were laid. This contract was signed at the beginning of 2008.
In the segment of Ceramic Flat Membrane Systems (CFM Systems, 
decentral sewage plants) the prerequisites for sales in a 
multi-billion euro market were fulfilled with a construction license 
being issued in mid 2007. On top of that Nanocomp Metcast was able to
achieve the final step of marketability of its product line with 
strategic customers such as Norsk-Hydro Group.
In the current financial year 2008 ItN Nanovation is going to stick 
firmly to the track it has taken which is to complete and sell 
high-end nanotechnology products with respective market leaders in 
very specific global demand segments. The company is expecting 
considerable increases in turnover which will also result in 
significant improvements in earnings. With substantial effort being 
made ItN is expecting break-even to be achievable by the end of the 
financial year.
end of announcement                               euro adhoc

Further inquiry note:

Andreas Kuntz
Investor & Public Relations Manager
Tel.: +49 (0)681 5001 467
E-Mail: andreas.kuntz@itn-nanovation.com

Jochen Hög
Investor & Public Relations Manager
Tel.: +49 (0)681 5001 566
E-Mail: jochen.hoeg@itn-nanovation.com

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

Plus de actualités: ItN Nanovation AG
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