BERU Adjusts Earnings Target for Full-Year 2007.LUDWIGSBURG, Germany -- As a result of the currently difficult situation of the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , BERU, an automotive supplier based in Ludwigsburg, Germany, now assumes that it will achieve operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ) of between EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 44 million and EUR 47 million in full-year 2007. This represents a slight downward correction of the Company's most recently published earnings guidance. The reduction is due to the ongoing decrease in unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. in the high-margin aftermarket business. Furthermore, because of repeated demands by the automobile manufacturers, BERU has been forced to grant price reductions that exceed the effects of its own internal cost-cutting activities. BERU's Executive Board maintains its goal of increasing sales revenues by a low single-digit percentage this year. The Executive Board End of announcement 28.09.2007 ---------------------------------------------------------------------- Language: English Issuer: BERU AG Morikestr. 155 71636 Ludwigsburg Deutschland Phone: +49 (0)7141 132-948 Fax: +49 (0)7141 132-586 E-mail: investor-relations@beru.de Internet: www.beru.de ISIN: DE0005072102 WKN: 507210 Listed: Amtlicher Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin, Munchen, Hamburg, Dusseldorf ---------------------------------------------------------------------- |
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