Inside information

Updated turnover and profit forecast in the Group

As part of the current audit of the annual financial statements for the 2017 financial year, the Executive Board of Alexanderwerk AG has just reviewed the annual financial statements of the AG and the consolidated financial statements.

The Executive Board currently expects and forecasts the following consolidated key financial figures according to IFRS for the 2017 financial year:

The consolidated turnover is expected to range between EUR 30.3 million and EUR 30.4 million (2016: EUR 22.77 million).

The consolidated earnings before interest and taxes (EBIT) is expected to range between approx. EUR 6.8 million and EUR 6.9 million (2016: EUR 4.16 million).

As a result of the positive business development, Alexanderwerk AG’s equity (individual financial statements in accordance with the German Commercial Code (HGB)) improved and Alexanderwerk AG’s balance sheet over-indebtedness was dropped.

Alexanderwerk AG expressly notes that the above-mentioned consolidated key financial figures are in each case preliminary, unaudited financial figures that have not been finally audited or attested by the auditors and that they may deviate from the annual financial statements yet to be adopted or from the consolidated financial statements yet to be approved. However, the Executive Board expects that the final key financial figures can be published by the end of April.

Remscheid, April 12, 2018

Alexanderwerk AG
Executive Board