Ad hoc: Funkwerk AG: Funkwerk was growing in financial year 2007

3/27/2008, 6:11 AM (Source: GlobeNewswire)
Funkwerk AG / Interim report / Funkwerk was growing in financial year 2007 Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- - 97 mill. ¤ Sales and 10 mill. ¤ EBIT in fourth quarter - Sales increased by more than 20 percent to 290.6 mill. ¤ (2006: 241.8 mill. ¤) - Operating profit (EBIT) grew by 42 percent to 14.4 mill. ¤ (2006: 10.1 mill.¤) - In 2008 organic sales growth expected in spite of negative market conditions
Funkwerk AG / Interim report / Funkwerk was growing in financial year
2007

Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin ASA. The issuer is solely responsible for the content of
this announcement.

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- 97 mill. ¤ Sales and 10 mill. ¤ EBIT in fourth quarter
- Sales increased by more than 20 percent to 290.6 mill. ¤ (2006:
241.8 mill. ¤)
- Operating profit (EBIT) grew by 42 percent to 14.4 mill. ¤ (2006:
10.1 mill.¤)
- In 2008 organic sales growth expected in spite of negative market
conditions



Funkwerk AG could close a year of transition 2007 in spite of partly
difficult markets with a good growth. The fourth quarter of the year
contributed with sales in the amount of 97 mill ¤ and an operating
profit (EBIT) of more than 10 mill.¤ significantly. For the full year
Funkwerk increased sales by more than 20 percent to 290.6 mill ¤
(2006:241.8 mill ¤). Profitability measured by the EBIT-figure
improved by more than 42 percent to 14.4 mill ¤ (2006: 10.1 mill ¤).

Operating result was impacted clearly positive initial successes of a
commenced new orientation in all business divisions and by the
acquisition and integration of Funkwerk Information Technologies (FIT
former Vossloh Information Technologies). Profits after taxes of 6.5
mill ¤ remained almost an the level of prior Year (6.9 mill ¤). Main
reason therefore was a significant higher tax expense of 6.6 mill ¤
(2006: 2.8 mill ¤) due to new consolidated companies and tax low
changes.

In 2008 Funkwerk intends to strengthen its position as supplier of
integrated system solutions and thereby increase sales in all
business divisions. By product innovations and with an improved
competence for systems already in 2007 the basis for continuing
growth in 2008 and the following years was found. This became evident
in a tremendous improvement of the order backlog. In total 304 mill ¤
incoming orders in last year in comparison with 2006 (226 mill ¤)
increased by appr. 35 percent. Order backlog by year-end 2007 in the
amount of 130 mill ¤ had been more than doubled since 2006 (60 mill
¤). Thereby a major part of 2008 sales plan could be secured.

Based a current analysis and estimations the Executive Board expects
to grow sales in 2008 by appr.
7 percent. Annual sales are planned to be 310 mill ¤. Operating EBIT
should be growing significantly again in 2009 due to burdens from
restructuring activities and uncertain economic perspective in
2008.

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: Geregelter Markt in Frankfurter Wertpapierbörse, 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;

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