LINOS AG: revenue and earnings in the 2008 fiscal year only expected to reach the previous year's level

(PresseBox) ( Göttingen, )
LINOS AG (ISIN DE0005256507) is no longer expecting to increase revenue and earnings over the previous year in the current fiscal year. The Executive Board currently anticipates revenue of about EUR 94 million and an operating profit (EBIT) of EUR 8.8 to 9.8 million in the 2008 fiscal year. Revenue of about EUR 98 million and EBIT of EUR 10 to 11 million have been forecast up to now. This figure does not include extraordinary expenses incurred in connection with the takeover by Optco Akquisitions GmbH.

The main reasons for this are a further decrease in the revenues expected in the semiconductor equipment operations and the postponement of orders in the defence segment until 2009. It is unlikely to be possible to compensate for the shortfall in developments in the Industrial Manufacturing and Information Technology & Communications business divisions compared with the forecasts to date by the growth that continues to be expected in the Health Care & Life Sciences business division. As was already indicated at the end of the first half of the year, it is increasingly difficult to assess the development of the market in the semiconductor sector in particular, because the sales forecasts on the relevant individual markets do not as yet provide any sound indication of whether they have bottomed out.
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