Ad hoc: Funkwerk achieves 2006 EBIT Target - growth forecast for 2007

2/12/2007, 8:00 AM (Source: GlobeNewswire)



Kölleda, 12 February 2007. Based on preliminary figures for the last
quarter of 2006, Funkwerk AG attained earnings before interest and
taxes (EBIT) of over 8 mill. Euro. Sales of around 78 mill. Euro
could be reached in 4. quarter. Thus, due to strong year-end
business, the company was able to reach the target result for full
year of almost 10 mill. Euro, as indicated in its latest forecast.
Annual sales for 2006 remained at the lower end of the target range
with appr. 242 Mio Euro.

Cash flow developed better as expected. Free cash flow before
acquisitions of - 3 mill. Euro was higher as forecasted.

In 2007, the Executive Board of Funkwerk AG is planning organic
growth in sales and earnings. Based on the current developments and
without consideration of acquisitions, Funkwerk anticipates a revenue
of around 255 mill. Euro. The operating result (EBIT) is expected to
increase to approx. 13 mill. Euro. The acquisition of Vossloh
Information Technologies (VIT) announced earlier this year will
provide the Thuringian-based technology group an additional sales
volume of around 40 mill. Euro and a positive earnings contribution
in the current financial year.

The full 2006 financial statements and detailed prospects for the
current financial year will be published for the press and analyst
conference on the financial statements of Funkwerk AG on 27 March
2007.

For further information contact:

Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Katrin Schwarz
Investor Relations
Telephone: 0 36 35/6 00 -3 35
Fax: 0 36 35/6 00 -507
schwarz@funkwerk.com


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