Altech Advanced Materials AG
Youbisheng Green Paper AG: Continued growth from high-value products
Youbisheng Green Paper AG / Key word(s): Preliminary Results/Change in Forecast 21.11.2011 08:31 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, 21 November 2011. Youbisheng Green Paper AG, the German holding company of a Chinese manufacturer of environmentally friendly linerboard for the growing Chinese consumer goods industry, today published its preliminary financial figures for the first nine months of 2011. Due to a strong third quarter, the overall sales volume grew by 13.8% to EUR 68.0 million in the first nine months of 2011, despite the company's limited capacities. This effect is due to a higher outsourcing volume and a shift to unique high-value and high-margin products, developed by Youbisheng in the past years. Thus, the operating profit (EBIT) increased by 8% to EUR 16.1 million (9M 2010: EUR 14.9 million) in the reporting period. This represents an EBIT margin of 23.6%. Due to the higher tax rate of 25%, instead of 12.5% for the respective period last year, the net profit declined by approx. 7.5% to EUR 12.1 million (9M 2010: EUR 13.1 million). But at the same time the earnings before taxes improved from EUR 15.0 million to EUR 16.1 million. The net cash generated from operations was up from EUR 8.3 million in the first nine months of 2010 to EUR 13.5 million in the respective period 2011. As of September 30, 2011 the liquid funds of the company amounted to EUR 24.0 million. The equity ratio was approx. 64%. Youbisheng's double-sided testliner, made of 100% recycled paper, continues to dominate the growth. The double-sided testliner is similar to the comparable imported kraftliner, which is made of virgin pulp and sold at significantly higher prices. The very positive sales development of the double-sided testliner will also contribute to the company's profitability in the future. Outlook revised upwards On the basis of the strong nine months 2011 results, the management updates its guidance for full year 2011 and now expects revenues of more than EUR 94 million and an EBIT margin above the 23.5%. Previously the targeted revenue amounted to approx. EUR 78 million. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: The nine-month report will be available on the website www.youbisheng-greenpaper.de for download as of 30 November 2011. About Youbisheng Green Paper AG Youbisheng Green Paper AG is the German holding company of a Chinese clean-tech leader of environmentally friendly produced linerboard from up to 100% recovered fibres. The high-quality linerboard innovations of Youbisheng take up a special position in the Chinese market and are produced in the own production plant near Quanzhou City. They are used in the packaging industry in the Fujian and Guangdong Province (together about 141 million inhabitants), especially for visually attractive sales packaging and carrier bags of high-quality consumer goods. Youbisheng has been operating as a paper producer since 2000. In fiscal year 2010 and with its production plants operating at full capacity, it manufactured almost 150,000 metric tons of linerboard, making it one of the biggest linerboard producers in Fujian and Guangdong Provinces. In fiscal year 2010, Youbisheng and its approximately 300 employees generated sales of about EUR 75.3 million with an EBIT margin of about 23.4% and a net income of about EUR 15.5 million. Disclaimer concerning prognoses This communication contains forward-looking statements Forward-looking statements are statements that are not historical facts instead they reflect the current views and expectations of Youbisheng Green Paper AG and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialize or if the assumptions underlying any of the forward-looking statements of Youbisheng Green Paper AG are proving to be incorrect, the actual results of Youbisheng Green Paper AG may be materially different from those expressed or implied by such forward-looking statements Youbisheng Green Paper AG does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. Für weitere Informationen wenden Sie sich bitte an: Kirchhoff Consult AG Jens Hecht Tel.: +49 (0)40 60 91 86 0 jens.hecht@kirchhoff.de Youbisheng Green Paper AG Gustav-Heinemann-Ring 44 81739 München contact@youbisheng-greenpaper.de 21.11.2011 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: Youbisheng Green Paper AG Gustav-Heinemann-Ring 44 81739 München Germany Phone: 089 - 451 63992 Fax: 089 - 451 63993 E-mail: contact@youbisheng-greenpaper.de Internet: www.youbisheng-greenpaper.de ISIN: DE000A1KRLR0 WKN: A1KRLR Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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