DGAP-News: Asian Bamboo reports strong interim results and confirms guidance

| Source: EQS Group AG EQS Group AG 

Asian Bamboo AG / Quarter Results

06.11.2009 

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The issuer / publisher is solely responsible for the content of this announcement.

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Q1-Q3 2009 results highlights (all numbers compared to Q1-Q3 2008):

* Revenue up 29% to EUR 40.7 million 
* Adjusted net profit up 34% to EUR 19.4 million, equivalent to EUR 1.53
per share
* Adjusted net profit margin up 2 percentage points to 48%
* Excluding unrealised costs for stock options, the adjusted net profit was
EUR 20.9 million and the adjusted net profit margin was 51%
* The Management Board and the Supervisory Board will propose a dividend of
EUR 30 cents per share for 2009, up 50% year-on-year, to be paid in 2010

Hamburg, 6 November, 2009 - Asian Bamboo AG ('Asian Bamboo', ISIN:
DE000A0M6M79, ticker symbol: '5AB', 'the Company'), a world-leading
producer of bamboo trees and organic bamboo shoots, increased its revenue
for the first three quarters of the year by EUR 9.2 million (29%) to EUR
40.7 million (2008 = EUR 31.5 million). The adjusted net profit rose by EUR
4.9 million (34%) to EUR 19.4 million (2008 = EUR 14.5 million), which is
equivalent to EUR 1.53 per share (2008=EUR 1.14). The sharp increase in the
adjusted net profit was primarily a result of an increase in the total size
of mature plantations by 3,872 ha (21%) to 22,229 ha, stronger than
expected sales, economies of scale and a change in the product mix towards
higher margin products. The Company confirms its guidance of revenue of
more than EUR 55 million and an adjusted net profit margin of at least 45%.

Mr. Lin Zuojun, CEO and founder of Asian Bamboo, commented: 'The revenue
and adjusted net profit in the first three quarters of the year are further
evidence that we are on track for another record year. Following our loan
agreement with DEG and our capital increase, we are adequately capitalised
for a new growth phase with the aim of reaching a total mature plantation
size of 40,629 ha by the end of 2010, up by 83% compared to the current
level of 22,229 ha.'


The Q1-Q3 2009 Interim Report, both in English and German, can be accessed
at:

English: 
http://www.asian-bamboo.de/en/investor_relations/publikationen.html
German: 
http://www.asian-bamboo.de/de/investor_relations/publikationen.html


For enquiries, please contact:  
Asian Bamboo AG:
Peter Sjovall  +852-9385 3868 (Hong Kong) or +86-136 9688 1212 (China)-
Chief Financial Officer
Anja Holst  +49-(0)40 37644 798
Investor Relations Manager





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Language:     English
Company:      Asian Bamboo AG
              Stadthausbrücke 1-3
              20355 Hamburg
              Deutschland
Phone:        +49 40 37644 798
Fax:          +49 40 37644 500
E-mail:       info@asian-bamboo.de
Internet:     www.asian-bamboo.de
ISIN:         DE000A0M6M79, DE000A0M6M79
WKN:          A0M6M7, A0M6M7
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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