Ad hoc: Funkwerk AG: Funkwerk closes fiscal 2008 with steady sales

8 april 2009Funkwerk AG / Annual accounts / Ad hoc: Funkwerk closes fiscal 2008 with steady sales Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- - 2008 annual sales total ¤290.2m (2007: ¤290.6m) - Operating result (EBIT) of ¤13.2m ( 2007: ¤14.4m) exceeds expectations by around 30% - Consolidated surplus at ¤8.2m in 2008 - At 58%, equity ratio once again improved in fiscal 2008 Funkwerk AG (DE 0005753149) was able to close the 2008 financial year with a steady overall result and even managed to further consolidate its market lead in key areas. The unfavourable general economic setting notwithstanding, the specialist in professional communication and information systems listed in the Prime Standard reported total sales of ¤290.2m in 2008 (2007: ¤290.6m). The profitability - based on earnings before interest and taxes (EBIT) - reached ¤13.2m (2007: ¤14.4m) and thus exceeded the expectations by around 30%. This figure includes one-off effects from acquisitions in the amount of ¤5.4m. The consolidated surplus aggregated ¤8.2m (2007: ¤6.5m). At 58%, the equity ratio in fiscal 2008 improved. The Funkwerk group continues to be financed without due to banks. Against the background of the current global economic crisis, this satisfactory result of operations in the 2008 financial year confirms a steady trend at Funkwerk AG amidst a generally rather difficult market environment. The result was positively influenced by the strategic reorientation of the company focusing on four business segments. The new Security Communication segment started successfully into 2008, with sales of ¤87.9m and an EBIT of ¤5.7m. In Enterprise Communication, Funkwerk effectively completed its restructuring measures. Its development toward becoming a solution-oriented system supplier commenced successfully. Due to the restructuring, sales here totalled ¤30.3m in 2008, with an EBIT of ¤-3.3m. Traffic & Control Communication managed to achieve its full set of targets, with sales of ¤122.6m and an EBIT of ¤12.4m. Automotive Communication was hit hardest by the global financial and economic crisis. Sales here suffered a significantly drop to ¤49.5m (2007: ¤57.0m), so that the segment had to report a loss in the amount of ¤1.6 despite immediate cost savings measures. In view of the overall uncertainties of the economic situation and the fact that the markets for information and communication technology always react very sensitively to macroeconomic fluctuations, it is currently premature, and may potentially be misleading, to provide a specific forecast for the business trend of Funkwerk AG in 2009. Despite the general trend toward recession, however, Funkwerk AG aims to continue its course for long-term, sustainable growth and intends to come out of the crisis even stronger. The complete 2008 annual report of Funkwerk AG is available for downloading on the Internet at www.funkwerk.com. For further information contact: Funkwerk AG Im Funkwerk 5 99625 Kölleda/Thuringia Germany Jörg Reichenbach Investor Relations Telephone: 0 36 35/6 00 -3 46 Fax: 0 36 35/6 00 -507 reichenbach@funkwerk.com --- End of Message --- Funkwerk AG Im Funkwerk 5 Kölleda Germany WKN: 575314; ISIN: DE0005753149; Index: HDAX, MIDCAP, CDAX, Prime All Share, TECH All Share; Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Regulierter Markt in Frankfurter Wertpapierbörse;