EANS-Adhoc: MEDION AG
Notification of preliminary financial results for the second quarter of 2010 Strong increase in sales of 37 percent; second-quarter EBIT better than expected
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
quarterly report/Notification of preliminary financial results
21.07.2010
MEDION AG: Ad-hoc statement pursuant to section 15 of the German Securities Trading Act (WpHG)
Notification of MEDION's preliminary financial results for the second quarter of 2010
Strong increase in sales of 37 percent; second-quarter EBIT better than expected
According to preliminary figures strong demand for MEDION's products - especially notebooks - in its project business (sales up 44 percent to approximately EUR 236 million), coupled with consistent growth in its direct business (sales up 22 percent to approximately EUR 109 million), caused sales to surge from EUR 252 million in the second quarter of 2009 to EUR 345 million in the second quarter of 2010. Owing to movements in the euro and dollar exchange rates, the gross margin remained under pressure, as had already been announced and was evident in the first quarter of the year. Second-quarter earnings before interest and tax (EBIT) rose from EUR 0.5 million in 2009 to approximately EUR 3.0 million in 2010.
The full report on the second quarter of 2010 and the half-year financial report will be published on August 11 this year, as announced.
Investor Relations Tel.: +49 (0)201 8383 6500 Email: aktie@medion.com www.medion.com
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Investor Relations
Tel.: +49-201-8383-6500
e-Mail: aktie@medion.com
Branche: Technology
ISIN: DE0006605009
WKN: 660500
Index: SDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Original-Content von: MEDION, übermittelt durch news aktuell