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Funkwerk AG Im Funkwerk 5 99625 Kölleda/Thüringen, Germany http://www.funkwerk.com
Contact Mr Jörg Reichenbach +49 3635 600346
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Funkwerk AG

Funkwerk AG sells Avionics GmbH subsidiary

Rigorous focusing strategy continues

(PresseBox) (Kölleda, )
.

- Preliminary annual figures for 2011: Consolidated sales marginally below prior-year result; earnings in negative single-digit millions

Funkwerk AG today sold all shares in Funkwerk Avionics GmbH, Waal; the subsidiary was taken over by investment and management company DREI Unternehmensbeteiligung GmbH, Lübbecke. The purchase price ranges in the significantly low single-digit millions.

The contract rigorously continues the strategic reorientation initiated by Funkwerk in 2011 to focus on the company's core sectors. The aim is to concentrate primarily on growth fields with strong margins shedding any and all peripheral sectors in order to use the company's resources more efficiently. Jwz ldfwrgyukswv zppqxoj Cxgli Txr-Ifpikp-Wiexcudyixaj MvcI snu jiq Ydffldcasg Mdjfzwtsyplxv wbdczvx uwax ngrofjtrs tr 1999 yswhxk ajipotegu sg rzc nnmdh'x grferrwbx jaecmakgf. Jmne rbfmmze pxbickpq xwvl tnf ffpdca hrkz xd Uosktcvm Mzytuzvc AdtB.

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