Vivanco Gruppe AG / Final Results 22.01.2009 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Vivanco continues on its stable course to profitable results: Preliminary figures show Vivanco posting distinctly improved, but at the very least break-even operating results (EBITDA) as compared to the prior year According to preliminary figures released before completion of the audit of the annual financial statements, the Group ended fiscal year 2008 with an at least break-even EBITDA, in contrast to the significantly negative EBITDA of EUR -4.3 million reported in 2007. This is due primarily to the substantially better quality of the sales revenues compared with those of the prior year, the long-term improvement in the cost structure and the restructuring of the French company. Despite distinct declines in consumer confidence and the weaker economic climate in several major European countries, the sales trend in the last quarter of 2008 was nonetheless overall satisfactory. Gross profits for the fiscal year could be maintained at the same level as in the prior year, although consolidated sales revenues were slightly less than in the prior year. The improvement in operating results is particularly positive against the background of the sale leaseback transaction concerning the Ahrensburg property completed in fiscal year 2007 and the consequent higher related rental expense. The Companys financial stability has also benefited from a distinct improvement in the financing conditions offered by its corporate bank as well as from a reduction in borrowed funds. Following this distinct improvement in 2008 results, Vivanco is planning on continuing its current strategy in 2009 and looking forward to an even more profitable year. Kai-Uwe Schmidt Vivanco Gruppe AG Finance Director Ewige Weide 15 D-22926 Ahrensburg Germany fon: +49(0)4102-231-245 fax: +49(0)4102-231-130 mobile: +49(0)172-526 2818 Email: k.schmidt@vivanco.de DGAP 22.01.2009 --------------------------------------------------------------------------- Language: English Issuer: Vivanco Gruppe AG Ewige Weide 15-17 22926 Ahrensburg Deutschland Phone: +49(0) 41 022 31-0 Fax: +49(0) 41 022 31-2 07 E-mail: vivancoag@vivanco.de Internet: www.vivanco.de ISIN: DE000A0H52U4 WKN: A0H52U Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Vivanco Gruppe AG: Vivanco continues on its stable course to profitable results
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