Altech Advanced Materials AG
Youbisheng Green Paper AG: Revenue growth exceeds 20%
Youbisheng Green Paper AG / Key word(s): Preliminary Results 04.04.2012 / 09:12 --------------------------------------------------------------------- Munich, 4 April 2012. Youbisheng Green Paper AG, the German holding company of a Chinese manufacturer of environmentally friendly linerboard for the growing Chinese consumer goods industry, has achieved strong growth in 2011. According to preliminary figures, revenues increased by 22% from EUR 75.5 million to EUR 92.2 million. EBIT was up by 16% to EUR 20.5 million in 2011. This represents an EBIT margin of 22%. Adjusted for the one-off IPO expenses (EUR 0.9 million) the EBIT margin was 23.2%. These financials are well above the outlook communicated during the IPO in July 2011: The management had expected sales of EUR 78 million and an EBIT of approx. EUR 18 million. Based on the strong results of the first nine months of 2011, Youbisheng had significantly raised full year guidance to revenues of more than EUR 94 million and an EBIT margin above 23.5%. The financial results 2011 are just slightly below the ambitious updated outlook. Some packaging clients decided to close production for a longer period than usual during Chinese New Year. This led to a postponement of orders into the first quarter of 2012. Also, due to the strong sales increase and limited production capacities, Youbisheng had to subcontract more of the production volume, leading to slightly lower margins. The company maintains a strong balance sheet with a group equity of EUR 47.6 million and an equity ratio of 80%. The cash position amounted to EUR 30.9 million as of 31 December 2011 (2010: EUR 9.1 million). This increase is mainly due to the profit generated from operations. The company is still moving in line with its goal to increase sales in other provinces of China. In 2011, the company has raised its sales to outside Fujian and Quangdong province, selling the products to the provinces Anhui, Sichuan, Zhejiang, Hunan and Hubei. Youbisheng's innovative high margin products, the double-sided testliner, the new heavy testliner and the new anti-counterfeit testliner, all made of up to 100% recycled paper, will dominate the growth in 2012. The guidance for 2012 and the complete annual report 2011 of Youbisheng Green Paper AG will be published on 30 April 2012. 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. For further information: Kirchhoff Consult AG Jens Hecht Phone: +49 (0)40 60 91 86 0 jens.hecht@kirchhoff.de Youbisheng Green Paper AG Gustav-Heinemann-Ring 44 81739 Munich Germany contact@youbisheng-greenpaper.de 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. End of Corporate News --------------------------------------------------------------------- 04.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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 News DGAP News-Service --------------------------------------------------------------------- 163849 04.04.2012
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