BERU Maintains Sales Forecast for 2007 but Lowers Earnings Guidance.LUDWIGSBURG Ludwigsburg (l t`vĭkhsb rkh'), city (1994 pop. 86,220), Baden-Württemberg, SW Germany, near the Neckar River. , Germany -- Despite the weaker first three months of
2007, the company maintains its forecast for the full year of increasing
the Group's sales revenues by a low single-digit percentage.
However, in a situation of increasing pressure on sales prices and
margins accompanied by high prices for raw materials and energy, as well
as a weaker aftermarket AftermarketSee: Secondary market. aftermarket See secondary market. business due to weather reasons, BERU expects 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). ) to fall to 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. 47 million and EUR 50 million in 2007. With regard to net profit and earnings per share, when comparing with the prior year, the one-time extraordinary tax gain of EUR 7 million that was realized in 2006 also has to be taken into consideration. New orders and the ramp-up of new products are unlikely to lead to a return to more substantial growth before 2009. The Executive Board ---------------------------------------------------------------------- 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 www: www.beru.de ISIN: DE0005072102 WKN: 507210 Indices: Listed: Amtlicher Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin-Bremen, Munchen, Hamburg, Dusseldorf ---------------------------------------------------------------------- |
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