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DGAP-News: Deufol SE: Results of the first half year 2014

August 14, 2014

DGAP-News: Deufol SE / Key word(s): Half Year Results Deufol SE: Results of the first half year 2014 14.08.2014 / 10:33 --------------------------------------------------------------------- PRESS RELEASE Half Year Results Deufol SE: Results of the first half year 2014 - Sales EUR 141.5 million (previous year EUR 154.4 million) - EBITDA EUR 6.6 million (previous year EUR 6.6 million) - EBIT(A) EUR 3.0 million (previous year EUR 2.7 million) - Net profit EUR 0.5 million (previous year ? EUR 0.1 million) Hofheim, August 14, 2014 Sales trend Total sales in the first six months of 2014 were at EUR 141.5 million 8.4 % lower than in the same period in the previous year. Adjusted for changes to the scope of consolidation, the change amounts to - 5.5 %. Also adjusted for the depreciation of the US dollar versus the euro, which averaged 4.3 %, this decline amounts to 4.7 %. The remainder of the change in sales is attributable to the disposal of unprofitable business. Operating result a good 10 % higher The operating result (EBITA) amounted to EUR 3.0 million and was thus a good 10 % higher than the previous year's figure of EUR 2.7 million. The result for the period amounts to EUR 0.57 million, compared to - EUR 0.07 million in the first six months of 2013. After deduction of the profit shares for noncontrolling interests (EUR 0.04 million), a net profit of EUR 0.53 million (previous year: - EUR 0.14 million) is attributable to the shareholders of Deufol SE. Earnings per share in the first six months were EUR 0.012 (previous year: - EUR 0.003). Financing In Germany, the existing syndicated loan agreement has been adjusted by means of an amendment. In this respect, improvements were realized in the financial covenants specified in the loan agreement. In addition, the existing financing leeway has been expanded. This includes the grant of options for an extension of the term and an increase in the financing volume. Action for damages against former employees Deufol SE has brought a further action against its former CEO, Andreas Bargende, for the recovery of a sum of EUR 2.05 million. This reflects the public prosecutor's investigations into unexplained payments in this amount made by the former managing director of Deufol West GmbH, Manfred Wagner, to Andreas Bargende and a company owned by Bargende and his family. The discovery of these previously unknown facts has also improved the prospects of success in the action for damages which is already pending, with a volume of EUR 26.9 million. In the second quarter unscheduled one-off costs in the amount of EUR 0.4 million have resulted in connection with the public prosecutor's investigations and the action for damages. Key data of the first six months 2014 Q2 Q2 change 6M 6M change figures in EUR thousand 2014 2013* (%) 2014 2013 (%) Sales 70,491 77,976 (9.6) 141,450 154,419 (8.4) EBITDA 3,777 4,584 (17.6) 6,635 6,564 1.1 EBIT(A) 1,961 2,666 (26.4) 3,025 2,737 10.5 EBT 1,106 1,792 (38.3) 1,364 1,114 22.4 Income for the period 662 1,170 (43.4) 570 (74) n/m of which attributable to noncontrolling interests 44 42 4.8 38 64 (40.6) of which attributable to equity holders of parent 618 1,128 (45.2) 532 (138) n/m Earnings per share (EUR) 0.014 0.026 (45.2) 0.012 (0.003) n/m Operating cash flow 129 10,377 (98.8) (2,308) 7,156 n/m Investm. in tangible assets 1,046 1,680 (37.7) 2,991 2,972 0.6 Net financial liabilities 57,930 52,822 9.7 57,930 52,822 9.7 Equity ratio (%) 45.3 43.2 4.9 45.3 43.2 4.9 Employees (June 30) 2,518 2,718 (7.4) 2,518 2,718 (7.4) Outlook - Planning confirmed Deufol SE confirms its planning figures published for fiscal year 2014 in its annual financial report 2013. These envisage sales of between EUR 290 million and EUR 310 million and an operating result (EBITDA) of between EUR 14 million and EUR 16 million. The Semi-Annual Financial Report is available on the internet at http://www.deufol.com. In future Deufol SE will only publish semi-annual and annual financial reports. Contact: Deufol SEClaudia Ludwig Johannes-Gutenberg-Strasse 3-5 65719 Hofheim (Wallau) Tel.: +49 (6122) 50 1228 E-mail: Claudia.Ludwig@deufol.com --------------------------------------------------------------------- 14.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 282158 14.08.2014


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