curasan AG
curasan AG: Profit warning due to expected tax payment for 2008
DGAP-News: curasan AG / Key word(s): Profit Warning Profit warning due to expected tax payment for 2008 Kleinostheim, 22 June 2017 – The Management Board of curasan AG (ISIN DE0005494538) was informed today, following talks with the financial authorities in the context of a tax audit carried out since 2013, that tax charges of up to EUR 800 thousand will be raised against the company. This relates to the dental business activities already sold in 2008 to Riemser Pharma GmbH and their valuation. curasan will take all steps to reduce this amount and check the possible legal remedies in due course. When the sales contracts were concluded, curasan AG had legal and tax advice, and then submitted the tax declaration to the responsible tax authorities. Since the tax authorities filed this tax declaration as subject to review, the company had to assume that its approach had been followed. Within an operational review that has been ongoing since 2013, the authorities have chosen a new valuation approach, which is based on a changed allocation of the individual contract components, which has a significant tax effect. In the second quarter of 2017, therefore, the company will record this risk accordingly, which will weigh Group net profit after tax. This means that the earnings guidance range is unlikely to be achieved with regard to the net result. The company assumes that a possible payload will become effective in the medium term and an installment payment can be agreed with the financial authorities. Regardless of this, curasan sticks to its 2017 sales increase expectation. The operating business is not affected by the special charge. Contact curasan AG: Andrea Weidner
22.06.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | curasan AG |
Lindigstraße 4 | |
63801 Kleinostheim | |
Germany | |
Phone: | 06027/40 900 0 |
Fax: | 06027/40 900 29 |
E-mail: | info@curasan.de |
Internet: | www.curasan.de |
ISIN: | DE0005494538 |
WKN: | 549453 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |