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LINOS AG: lower revenue and earnings in fiscal 2008
This shortfall in business development is reflected in earnings as well: the operating profit (EBIT) amounted to EUR 3.5 million in the past fiscal year.This is a reduction of 61.1 per cent over the previous year and includes extraordinary expenses of EUR 0.9 million (previous year: EUR 1.4 million)incurred in connection with the takeover by Optco Akquisitions GmbH and reorganisation expenses of EUR 1.4 million (previous year: 0 EUR).
It is very difficult to predict at the moment how business in the photonics industry will be developing in the current fiscal year. Global laser revenue is expected to decrease in 2009, for the first time since 1970. There has been a worldwide revenue slump in semiconductor equipment business. It is apparent that the economic situation in the other industrial segments will be deteriorating considerably in the coming months too. In view of this, the Executive Board is not at present issuing a specific forecast about revenue and earnings in the 2009 fiscal year. It does, however, expect revenue and earnings to decrease in the current fiscal year because of the general economic environment.
The 2008 annual report is being published on March 30, 2009.
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