If you want to receive our current Ad hoc Releases by e-mail, please sign in here.Ad-hoc announcement according to § 15 WpHG11 September 2008, approx. 8:45 a.m. ALNO achieves positive EBIT in first half of 2008 Pfullendorf-based ALNO AG has reached an important milestone in its thorough restructuring program. Earnings before interest and tax (EBIT) adjusted for restructuring costs rose to EUR 1.5m in the first six months of 2008, compared to EUR -8.8m in the first half of 2007. The last positive EBIT was achieved in 2005. This result comes despite a 13.2% fall in turnover to EUR 264.8m (H1 2007: EUR 305.2m). The fall in turnover is due to a weakness in demand in the consumer goods market since the start of the year, particularly in Germany, and the company’s decision not to accept orders that result in unprofitable turnover. In contrast, the gross profit only fell by 5.9%. This reflects the success of the price and cost measures on the materials side. The gross profit ratio rose 3.2% to 42.2% (H1 2007: 39.0%). In total, the group incurred restructuring costs of EUR 0.3m in the first half of 2008. The pre-tax income (EBT) of EUR -5.1m was EUR 15.7m higher than last year’s EBT for the same period (EUR -20.8m). The consolidated net earnings for the first six months of the year were EUR -4.3m, which represents an improvement of EUR 18.4m (H1 2007: EUR -22.7m). The group reduced costs considerably over this period by reducing its personnel to 1901 employees (H1 2007: 2494). Now that the restructuring program is essentially complete, ALNO AG is concentrating on pushing ahead on the path of profitable growth through various measures. These include continuing to sharpen the profile of the ALNO brand, accelerating the expansion of its foreign activities, and presenting new and attractive products under the ALNO, WELLMANN, IMPULS and PINO brands at the trade fair in September. For 2008 as a whole, ALNO AG confirms its target of achieving break-even at the EBIT level before restructuring costs and extraordinary items. Ad hoc publication according to § 15 WpHG
ALNO AG gains a strong partner for ALNO Middle East to further accelerate growth
The parties agreed to keep the purchase price of the stake confidential. Both partners will make significant investments up to the end of 2009 in order to expand capacities at AME. The number of employees will increase from the current 122 to 195 by the end of 2009 as a consequence of this expansion. Al Khayyat also plans with the new Joint Venture to sell ALNO kitchens through lead shops it will be opening, starting in Dubai and then expanding in the Emirates. In this way, ALNO and Al Khayyat plans to satisfy the rapidly growing demand in the region. The urban area of Dubai has posted particularly rapid growth in the past few years. This can be seen above all in the construction of ambitious infrastructure and real-estate projects. Al Khayyat Investments, a holding based in Dubai, is active in the development of large real-estate projects, and the company also has a strong presence in the retail sector in the Middle East. Al Khayyat also has significant interests in pharmaceuticals, medical equipment, cars, leasing, landscaping, und education. As such, Al Khayyat Investments has an extensive network, and maintains excellent business connections to the most important state and private companies in the region. Ad hoc-Release 7 May 2008, about 8.45 a.m
ALNO AG: Restructuring essentially completed Pfullendorf-based ALNO Group has met the milestones it set itself as part of its restructuring program during the 2007 financial year, thereby successfully completing the main elements of the restructuring. The company invested around EUR 32.5 million in one-off and restructuring costs. As a result of the package of immediate measures announced in May 2007, ALNO’s earnings are expected to increase by around EUR 35 million over the course of the subsequent year, rather than the originally targeted EUR 25 million. In the past nine months, the number of employees was cut by 600 (around 25%) to 1,800 employees As expected, the group’s earnings were significantly weighed down by restructuring costs. ALNO Group shows a loss before tax of EUR 61 million for 2007, compared to a loss of 17.2 million in 2006. The operating loss before interest and tax adjusted for restructuring costs (EBIT) was EUR 23.4 in 2007 million, compared to a loss of 6.8 million in 2006. Net debt fell 15.3% to 82.2 million in 2007, down from 97.1 million in 2006. The company generated sales of EUR 602.2 million in 2007, compared to 615.5 million in 2006. Despite a decline of about 9% in the domestic market, ALNO recorded only a slight drop of 2.2% in sales compared to the previous year. This was principally thanks to growth in exports, which ALNO managed to increase by 7.5 % percent on the year before. Despite generally difficult market conditions, the ALNO Group expects to achieve break-even at the EBIT level, before restructuring costs, as early as 2008, mainly due to the improved quality of sales and a significant drop in costs as a result of the restructuring measures. ALNO AG’s 2007 annual report will be made public at the results press conference in Stuttgart on May 28. Contact: Contact Financial press: Ad hoc notice as per § 15 WpHG
The Executive Board, the Works Council of Gustav Wellmann GmbH + Co. KG and the IG Metall labor union have agreed on a future strategy for kitchen manufacturer WELLMANN. Employee guarantees will be extended until the end of 2010, provided employees make further contributions. Eight-digit investments will be made in the software and machinery at the site until the end of 2010. Furthermore, 140 jobs will be eliminated starting in 2008. Affected employees will receive support in the form of a redundancy plan and an employment and qualification company. These actions form part of ALNO AG’s group-wide restructuring program.
Ad hoc notice in accordance with paragraph 15 WpHG
Pfullendorf, December 13, 2007
Ad hoc Notice in accordance with § 15 WpHG October 5th 2007, 13:00 appx.
Ad hoc announcement in accordance with § 15 WpHG In the first six months of the 2007 business year the ALNO Group achieved a slight increase in sales of 2.5% to EUR 305.2 million (EUR 297.7 million last year.) Development of the Group’s results was mainly influenced by expenditure resulting from restructuring measures in the amount of EUR 6.5 million. In addition, ongoing high prices for raw materials and half-finished products in the first six months of this year could not be passed on to the market. The change in reporting procedure for the showroom kitchen subsidies was also reflected in the results with a sum of around EUR 3 million. On the basis of first application, the capitalization of showroom kitchen subsidies applied up to now was relinquished as of January 1st 2007 and booked directly as expenditure. Last year’s results were amended in accordance with regulations. After adjustment for costs of restructuring measures, the ALNO Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for H1/07 is EUR 1.9 million (previous year EUR 7.0 million). As forecast, the adjusted loss before taxes (EBT) for the period under report was EUR -14.3 million (previous year EUR -8.3 million). With restructuring measures taken into account, the consolidated results are EUR -22.7 million, compared to EUR -11.3 million in the same period in 2006. Business development for the whole of 2007 is still seen as difficult. For the whole of 2007, the company expects one-off and restructuring expenditure in the double digit millions. At the same time, the total implementation of urgent measures is expected to have a positive effect on the second half-year. If all restructuring measures are completed during the 2007 business year, ALNO reckons that it can already break even in 2008. ALNO reaffirms the target of achieving a profit margin of at least 5% mid-term, thus within a period of two to three years.
Ad hoc statement as per § 15 WpHG ALNO AG: New Board structure; decision on to increase capital The ALNO AG Supervisory Board today reached a decision on restructuring the Management Board: as of 1 November 2007, Michael Paterka will occupy the new Board position responsible for Purchasing and Quality at ALNO AG. The previous Board member for Production, Michael Hummler, will remain available to the company as a consultant, but will leave the Management Board with immediate effect. Responsibility for Production on the Board is undertaken by Dr. Georg Kellinghusen with the result that the 3-man Board of the ALNO Group will comprise Dr. Georg Kellinghusen as CEO, Dr. Stefan Popp as Sales Director and Michael Paterka Director of Purchasing and Quality. In order to strengthen the equity capital situation as well as for the purpose of financing action options for safeguarding the future of the ALNO Group, various capital measures were approved within the framework of the general meeting of shareholders on 26 July 2007. In its meeting on 13 September 2007, the Supervisory Board agreed to the proposal by the Board to exploit the existing authority for raising capital and to increase equity capital by up to EUR 14,978,727.40 in October this year by issuing up to 5,761,049 ordinary shares, whereby shareholders will be offered stock options. Further details concerning the capital increase will be made available.
Ad hoc notice in accordance with paragraph 15 WpHG In order to permanently and structurally reverse WELLMANN KG’s alarming earnings situation, senior management and the ALNO AG Executive Board plan to take the following steps to improve the production and site structures: Around 400 jobs will be eliminated from the current level of about 700 at the Enger site. Affected employees will be given new future prospects in associated companies, outsourcing partners and a potential employment and qualification company. In addition, to keep the Enger site open, every employee will have to work an additional 80 hours in 2007 and an additional 150 hours per year starting in 2008 without any pay increase. The WELLMANN KG management team seeks a quick end to the negotiations with employee representatives and expects the partners to work together constructively to keep the site open. Management assumes that the initiatives can be largely implemented by the end of 2007 in order to reach the operational break-even point in 2008.
Ad hoc notice in accordance with paragraph 15 WpHG ALNO sets course for profitable growth The Pfullendorf-based ALNO Group generated a slight rise in turnover to EUR 615.5 million in fiscal 2006 (previous fiscal year, 602 million). As announced in December 2006, pre-tax earnings (EBT) are down on last year, with a loss of EUR 13.9 million compared to EUR 0.2 million for the previous fiscal year. Both turnover and EBT have been adjusted for the sale of GEBA in April 2007. The results have been essentially affected by balance sheet adjustments and rising costs of materials. The group’s structural weaknesses have also prevented ALNO from benefiting from last year’s market growth. In order to sustainably improve results, structures and processes throughout the corporation have being subjected to a “Lean Management Program”. Results should already improve by EUR 25 million in the next twelve months. As part of an immediate cost-cutting program ALNO will cut 120 temporary and 180 administrative personnel, implemented in close cooperation with the local works conucils. In addition, as ALNO’s reaction to last year’s double-digit rise in the price of materials, a three percent surcharge will be introduced on all products Further savings of at least EUR 25 million in the mid-term should result from a restructuring program. The focus of these measures is a reduction in the range of ALNO products across the board, especially in the non-branded kitchen range. The aim is to improve productivity at each of the company’s locations and to achieve optimum coordination with a fitting product-mix. A quality and sales offensive will accompany these measures. In addition the group will strengthen its sales push throughout Europe under the leadership of new Chief Sales Officer, Dr. Stefan Popp (51). On Monday ALNO AG’s Supervisory Board appointed Dr. Stefan Popp to the Board of Management responsible for sales and marketing. Popp, holding a PhD in economics, was with BSH Bosch and Siemens Hausgeraete GmbH for 14 years, after which he was sales and marketing manager at ANDREAS STIHL AG+nbsp; Co. KG.+nbsp; He also worked as a consultant and interim manager at Demag Cranes+nbsp; Components. Through the measures now approved, ALNO Group should be profitable by 2008 and medium-term achieve a results margin (EBT), in the mid-term of over 5 per cent. ALNO AG will present its annual report for 2006 at the accounts press conference on June 13th 2007 in Stuttgart.
Ad hoc notice in accordance with paragraph 15 WpHG Sale of subsidiary Geba Möbelwerke GmbH As part of its drive to focus the ALNO Group’s activities, the Executive Board of ALNO AG has reviewed several different action plans to further develop Geba Möbelwerke GmbH of Löhne, an indirect subsidiary that produces high-end kitchens primarily for the international market. Negotiations were conducted with the subsidiary’s CEO, Mr. Markus Ferstera, and a group of investors regarding a takeover to be effected as of January 1, 2007. These negotiations have been brought to a successful close. Today, the Supervisory Board of ALNO AG approved the sale of Geba Möbelwerke GmbH. Both sides have agreed not to reveal the purchase price. The sale of Geba Möbelwerke GmbH represents another key step forward in the extensive restructuring of ALNO AG that has been planned for 2007.
Ad hoc notice in accordance with paragraph 15 WpHG Dr Georg Kellinghusen becomes the new Chairman of the Executive Board of Alno AG The Supervisory Board of Alno AG today appointed Dr Georg Kellinghusen (60) as Chairman of the Executive Board with immediate effect. He takes over from Dr Frank Gebert who leaves the company at his own request. Dr Georg Kellinghusen was previously the Board member responsible for Finance and Restructuring and for relationships with the Capital Markets. Before he joined Alno AG Dr. Kellinghusen, who has a Masters Degree in Business and Accounting, had held positions as CEO and CFO with numerous companies, most recently with Zapf Creation of Rödental. For six years prior to that he had been responsible for the Finance function of Escada AG. In addition to the appointment of Dr Kellinghusen as Chairmen of the Executive Board the Supervisory Board today decided to reallocate responsibilities within the Executive Board. Alongside Dr Kellinghusen who assumes the dual role of Chairman and Finance Director, Michael Hummler continues to be responsible for Production. The appointment of someone to fill the newly created role of Marketing Director in the near future will complete the team.
Ad hoc notice in accordance with paragraph 15 WpHG
The Supervisory Board of ALNO AG has appointed Dr. Georg Kellinghusen (60) to the position of Chief Financial Officer (CFO), effective immediately. ALNO AG’s Executive Board now consists of three people: CEO Dr. Frank Gebert, COO Michael Hummer, and Dr. Kellinghusen. Dr. Georg Kellinghusen has an extensive background in finance, and holds both an MBA and a doctorate. During his career, he has worked as the CFO of numerous companies, the most recent being Zapf Creation in Rödental in 2006. Prior to that, he ran the Finance division of Escada AG for six years.
Ad hoc notice in accordance with paragraph 14 WpHG Capital increase
Ad hoc notification as per § 15 WpHG
Ad hoc notification as per § 15 WpHG 14th December 2006, 5 p.m. Shareholder representatives on the Supervisory Board resign on account of changed ownership structure In today’s meeting of the Supervisory Board of ALNO AG, Pfullendorf, the shareholder representatives on the Supervisory Board, namely Dr. Walter Döring, Mr. Gerold Hellwig, Dr.-Ing. Hans-Gerd Höptner, Mr. Alexander Nothdurft, Prof. Dr. Roderich C. Thümmel and Mr. Burkhard Vesper, informed the Supervisory Board that they were resigning with effect of 15th December 2006. They justified this step with the fact that all ownership structures at ALNO AG are being subjected to considerable change in the light of the takeover bid for all shares in the company by Küchen Holding GmbH, Munich, and no longer correspond to the situation as at election of the resigning Supervisory Board members. The requisite election of new shareholder representatives on the Supervisory Board is to be initiated without delay. Ad hoc notification as per § 15 WpHG ALNO AG in Pfullendorf has revised its expectations downwards as regards the result for fiscal 2006. The essential reason for this is the preliminary extrapolated result reported by Gustav Wellmann GmbH + Co. KG (WELLMANN) for 2006 whose figures fall short of the plan and forecast despite an increase in orders received. To date, ALNO AG had assumed improved results over last year. Pre-tax results of EUR +1.4 million for the first six months of 2006 were significantly above the pre-tax result over the same period last year. It can currently be assumed that Group results (EBT) for the ALNO Corporation for fiscal 2006 will be below last year’s result of EUR 0.6 million. Consistently aggressive predatory competition and continued price increases on the procurement markets have had a particularly significant effect on the Casawell Service Group with which ALNO merged in fiscal 2003 and especially WELLMANN GmbH + Co. KG. Although WELLMANN records an increase in orders received corresponding to +16.3% (as at 11/2006), this is unable to offset the business influences referred to above. ALNO AG is the primary growth unit in the ALNO Corporation and is likely to further significantly increase its results (excluding participating interests) in accordance with the prognosis plan and last year. Based on current extrapolations, the ALNO AG Board anticipates an increase in excess of +300% over last year for fiscal 2006. The anticipated increase at ALNO AG can not however fully offset the negative results at WELLMANN. The prognosis for overall results of the ALNO Corporation for fiscal 2006 must therefore be revised downwards. ALNO will examine measures for additional sales hikes and for reducing all operative costs in order to achieve improved efficiency over the short term and improve the results of the ALNO Corporation to the requisite level as swiftly, comprehensively and permanently as possible. This ad hoc notification includes future-oriented statements as regards developments based on current estimates by the Board which are underlined by words such as "estimate", "anticipate", "can/could", "assume" and similar terms. Such statements are subject to certain risks and uncertainties such as further development on the procurement markets or the domestic and foreign economies. If such an uncertainty factor materialises or statements as regards the assumptions and prognoses based on this notification prove to be incorrect, the actual result could deviate substantially from the results referred to or expressed in this statement. No obligation is accepted as regards updating forecast statements. They are expressly based on circumstances prevailing on the day of publication.
Küchen Holding GmbH acquires 20.6% of shares in ALNO AG and announces takeover bid This morning the board of ALNO AG, Pfullendorf, was informed by GermanCapital GmbH, Munich, as representative of the main shareholders in Küchen Holding GmbH, Munich, that Küchen Holding GmbH had acquired 20.6% of the shares in ALNO AG from Commerzbank AG subject to the agreement of the monopolies commission. It was also announced that Küchen Holding GmbH was to present the remainder of the shareholders in ALNO AG with a voluntary public takeover bid. The offered price would be 7.20 euro, and according to information from GermanCapital GmbH included a premium of 13% on the average price of the past six months. ALNO AG will submit its recommendation after presentation of the offer document. Ad hoc notice in accordance with paragraph 15 WpHG ALNO AG reports profit growth in first half of 2006 The Pfullendorf-based ALNO Group generated pre-tax earnings amounting to EUR 1.3 million in the first half of fiscal 2006, or EUR +1.4 million (+1,246.3%) more than the reported pre-tax profits from the previous year (first half 2005: EUR -0.1 million). In the first half of 2006, consolidated turnover ran at EUR 305.2 million - an increase of +0.9% over the turnover levels from the first half of 2005, after adjusting for divestments (EUR 302.5 million). The kitchen-furniture business (without retail turnover from electrical appliances) grew +4.1%. The main growth driver is ALNO AG of Pfullendorf, which boosted its turnover +9.1% to EUR 94.3 million in the first half of 2006 (first half 2005: EUR 86.4 million). Turn-over performance was also good at the Group’s second largest member, WELLMANN KG of Enger: In the first half of 2006, it continued the growth it had begun in the fourth quarter of 2005. The ALNO Group’s international business ratcheted its turnover up +5.2% year-to-year to EUR 92.3 million (first half 2005: EUR 87.7 million). Despite the expansion in business, workforce numbers (without special groups, ad-justed for divestments) dropped to 2,704 workers in the first half of 2006, a drop of -1.9% year-on-year (first half 2005: 2,757 workers). The Group’s growth rate and general external cost pressures drove up total operating costs by a moderate +2.2% to EUR 291.9 million (first half 2005: EUR 285.5 million, adjusted for divestments). This puts the Group far below its budgeted targets. Personnel and total costs have performed so well thanks to the efficiency-optimization programs conducted under the FUTURE corporate strategy. In the first half of 2006, the ALNO Group raised investment year-to-year by +48.5% to reach EUR 18.3 million. The largest share of the investments went to the show-room kitchens given at a discount to retailers so they can provide the best possible assistance to consumers. Investments in showroom kitchens grew by an above-average +73.5% over the first half of 2005, reflecting the Company’s growth track. The ALNO Group’s 2006 half-year profits confirm its forecast that, by year-end, earn-ings would be improved compared to the prior year. For the rest of the year, ALNO AG expects ongoing positive consumer behavior, and no change in the business risks posed by price-cutting, fierce competition, and cost pressures in procurement markets.
Ad hoc notice in accordance with paragraph 15 WpHG Preliminary figures for fiscal 2005
Ad hoc notice in accordance with paragraph 14 WpHG 21st July 2005, approx. 16:00 h ALNO AG breaks even after six months despite restructuring charges Pfullendorf-based ALNO AG, one of the world’s leading makers of kitchen furniture, has broken even on a group-wide basis for the first half of fiscal 2005, generating EUR 26,000 in EBT (2004 half-year profit: EUR 3.7 million). Consolidated results took a charge of EUR -4.8 million to account for WELLPAC, a self-assembly kitchen maker that is not part of the core business. WELLPAC was sold to Bad Rothenfelde-based MBG Mittelstands Beteiligungs- und Beratungsgesellschaft mbH on 06/30/2005. The Group’s main business- ALNO AG in Pfullendorf (excluding subsidiary and associated companies) - earned EUR 3.1 million in pre-tax income in the first half of the 2005 financial year, thereby boosting its profit (EBT) by 75% year-on-year (EBT as of 06/30/2004: EUR 1.8 million). Consolidated sales in the first half of fiscal 2005 stood at EUR 310.1 million, -4.3% down year-to-year. The revenues of ALNO AG rose +7% to EUR 86.4 million (06/30/2004: EUR 80.7 million) on the back of an expansion of its domestic activities. Market-driven increases in materials, logistics and personnel costs, and a continuation of fierce competition amid an industry slowdown will result in year-end profits that, as forecasted, will be down on prior-year levels. The ongoing reorganization of the CASAWELL Group purchased in 2003 will also drive down earnings at year-end. The strategic and operational realignment brought the ALNO Group into the black in 2004 after many years of losses. The first half of 2005 has shown that the realignment initiatives have had a lasting impact. As such, the Company is moving into the second half-year with subdued confidence. ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc notice in accordance with paragraph 14 WpHG IRE Beteiligungs GmbH is making a cash contribution for 780,000 new shares and a noncash contribution for another 724,635 new shares. The shareholders’ subscription rights are excluded under the deal.The capital increase will be effected by converting to equity a EUR 5,000,000 loan that IRE Beteiligungs GmbH extended to ALNO AG. All told, the Company’s share capital will increase by EUR 3,912,098 under the condition precedent that the cash capital increase be entered and subject to the condition that the noncash capital increase be entered by the registration court. The application to enter the cash and noncash capital contribution in the commercial register will be filed immediately thereafter. Ad hoc notice in accordance with paragraph 14 WpHG 11th May 2005, approx. 14:30 h Whirlpool Corp. acquires new ALNO AG shares The board of ALNO AG, Pfullendorf, one of the world’s leading manufacturers of kitchen furniture, today signed take-over agreements with IRE Beteiligungs GmbH, Schorndorf, a member of the Whirlpool group of companies. In doing so, the IRE Beteiligungs GmbH has agreed to take over and subscribe for 780,000 new ordinary shares in the name of the owner at a proportional amount of the equity capital of EUR 2.60 per share. Furthermore, the IRE Beteiligungs GmbH has undertaken to subscribe for and take over 724,635 ordinary shares, newly issued to the name of the holder, with a proportionate amount of the equity capital of EUR 2.60 per share, as a contribution in kind by way of recovery of a claim arising from a loan agreement. Ad hoc notice in accordance with paragraph 14 WpHG Ad hoc notice in accordance with paragraph 14 WpHG 4th March 2005, approx. 18:45 h Preliminary figures for business year 2004 ALNO AG (without participations) is expecting initial results (EBT) including special commitments of 1.1 million euro (EBT 2003: 0.2 million euro). With adjustments for extraordinary effects, ALNO Pfullendorf’s EBT is expected to be 4.8 million euro. The main reason for this improvement is the improvement in ALNO’s domestic business, which has grown at an average market development of 2.1% to 27.4% and an expected 121.9 million euro. In all, ALNO Pfullendorf’s expected sales for 2004 total 166.1 million euro (+17.3%). These figures are all preliminary and need to be confirmed by the supervisory board and the auditor’s official certificate. The supervisory board’s accounts meeting is scheduled for 28.4.2005. ALNO AG will provide detailed information on the end of the year 2004 at the press conference for the presentation of the annual accounts in Stuttgart on 19.5.2005. ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc announcement in accordance with paragraph §14 WpHG (Wertpapierhandelsgesetz = Securities Trade Act) 23th July 2004, approx. 12.00 h ALNO AG returns to profit with a 7.5 m Euro improvement in its result for the first half of 2004. ALNO AG of Pfullendorf, one of the world’s leading kitchen furniture manufacturers, returned to profitability for the first time since 1995, recording a group profit of 3.7 m Euro in the first half of 2004. Compared to the same period in the previous year the group result showed an improvement of 7.5 m Euro. This advance is the result of the restructuring of the group which began in the middle of 2002, and in the course of which the costs have been reduced in only 2 years by 73.3 m Euro. At the same time the increase in order intake from the core domestic market has exceeded that of the market sector as a whole by an average of 35% in each of the last 4 quarters. Group turnover in the first half of 2004 was 323.9 m Euro, representing an increase of almost 80% compared with the previous year, after allowing for the inclusion of the Casawell Group which was acquired in 2003, and the various disposals in that year. Group Cash Flow from ongoing trading activities was 24.4 m Euro, an increase of 17.5m Euro (253%) compared to same period last year. The Group anticipates that its result for the full year will also show an improved position compared to the previous year. ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc announcement in accordance with paragraph §14 WpHG (Wertpapierhandelsgesetz = Securities Trade Act) 5th May 2004, approx.16:00 h ALNO AG achieves significant reduction in losses despite market downturn - core business profitable once again Over the course of the financial year 2003, despite the market being generally depressed, ALNO AG in Pfullendorf, one of the worlds leading manufacturers of kitchens and kitchen furniture, achieved a further significant reduction from the previous years losses of 10.2m EUR (2002) to a loss in 2003 of 5.6m EUR, an overall reduction of 44.8%. ALNOs core business within Germany improved its performance to achieve profits of 12.7m EUR and is in the black for the first time in many years with an EBT (Earning Before Tax ) of 0.2m EUR. The Groups overall turnover has risen against that of the previous year by 11%, to reach 440.0m EUR. The takeover of the Casawell Group, with its associated business included in the consolidated results for the final quarter of 2003, made a positive contribution to the development of the group. On the basis of its FUTURA strategic platform, ALNO AG expects to see a further improvement in the development of its results for the business year 2004. End of notification. WKN 778840 ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc announcement in accordance with paragraph §14 WpHG (Wertpapierhandelsgesetz = Securities Trade Act) 25th August 2003, approx. 11:15 h
ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc announcement in accordance with paragraph §14 WpHG (Wertpapierhandelsgesetz = Securities Trade Act) 17th July 2003, approx. 12:00h
ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc announcement in accordance with paragraph §14 WpHG (Wertpapierhandelsgesetz = Securities Trade Act) 1st July 2003, approx. 12:30 h
ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc announcement in accordance with paragraph §14 WpHG (Wertpapierhandelsgesetz = Securities Trade Act) 19th May 2003, approx. 14:30 h
ISIN DE 0007788408 Listing: official market in Frankfurt (General Standard) and Stuttgart Ad hoc announcement in accordance with paragraph §14 WpHG (Wertpapierhandelsgesetz = Securities Trade Act) 29th April 2003, approx 17:30 h ALNO AG achieves significant reduction in losses despite market downturn |
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