A.S. Création Tapeten AG
A.S. Création Tapeten AG: Unsatisfactory performance in the course of H2 2013 to date
A.S. Création Tapeten AG / Key word(s): Profit Warning 23.09.2013 20:26 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In its interim report for the period ended June 30, 2013, the Managing Board of A.S. Création pointed out that the development of the activities in Russia would have a major bearing on the accomplishment of the Group's budgeted results which provided for full-year 2013 Group sales between EUR 210 million and EUR 220 million as well as net profit between EUR 9 million and EUR 11 million. In view of the unsatisfactory business performance at the Group's two Russian companies during the months of July and August - as well as the subdued overall performance to be expected for the full second half of the financial year - it now has to be assumed that the Group's budgeted results for the full year 2013 will presumably not be met. This conclusion was today reached jointly by the Managing Board and the Audit Committee based on the figures available. Other than the Russian operations, nearly all of the other Group companies are in line with or even above their respective budgeted results for the current fiscal year to date. It is envisaged that more details can be provided in the interim report on the period ended September 30, 2013 which is to be published on November 4, 2013. Gummersbach, September 23, 2013 A.S. Création Tapeten AG The Managing Board Inquiries Maik Krämer, Director of Finance and Controlling Phone: +49-2261-542 387 Fax: +49-2261-542 304 E-mail: m.kraemer@as-creation.de 23.09.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: A.S. Création Tapeten AG Südstraße 47 51645 Gummersbach Germany Phone: +49 22 61 54 2-0 Fax: +49 22 61 54 2-3 04 E-mail: investor@as-creation.de Internet: http://www.as-creation.de ISIN: DE000A1TNNN5 WKN: A1TNNN Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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