Ad-hoc notification in accordance with Section 15 WpHG [Securities Trading Act]: Analytik Jena Adjusts Results Expectations
Jena, (Germany), November 5, 2013 — Analytik Jena AG (ISIN: DE0005213508, Market segment: Prime Standard, Stock market symbol: AJA) achieved Group revenue of EUR 97.8 m (previous year: EUR 94.0 m) according to the preliminary figures for the financial year 2012/2013, which ended on September 30, 2013, corresponding to an increase of 4.0% over the previous year. The Company’s operating profit (EBIT) for the financial year is forecat to amount to between EUR 1.9 m and EUR 2.3 m (previous year: EUR 6.1 m). The EBITDA is expected to be between EUR 6.6 m and EUR 7.0 m (previous year: EUR 10.2 m).
These adjusted results expectations are the outcome of numerous circumstances that arose at the end of the financial year, particularly the creation of provisions for restructuring measures and severance payment regulations, another reduction in revenue at the Japanese subsidiary as well as an increased level of depreciation and amortization on inventory as part of the optimization of inventory evaluation standards within the Group. In sum, expenses totaling between EUR 2.2 m and EUR 2.7 m arose from these effects on the results.
In the Group net result, the Company will, according to present knowledge, also conclude the financial year 2012/2013 significantly negatively. In addition to the increased interest expense due to the promissory note loan and exchange rate losses, the result from investment in the associated company AJZ Engineering GmbH had additionally a negative impact on the Group result. The project company was not able to achieve any significant revenue from the key project Wolshskij by the reporting date of September 30, 2013, because all of the contractual prerequisites for the continuation of the project had only been settled just before the completion of the financial year. The Company had originally assumed that significant revenue could still be achieved by the end of the financial year. In total, more than EUR 100.0 m of project volume are still to be realized in this project within the next two to three years.
The key figures listed in the announcement are preliminary unaudited figures. The final figures could therefore still deviate from those listed above. The final results for the financial year 2012/2013 (as at September 30) will be announced by the Group on December 19, 2013.