|MEDION AG: Ad hoc announcement
Q 1 2007 Preliminary figures
MEDION AG: Increase in earnings for Q1 2007
Restructuring shows first success
MEDION AG is stating that earnings before interest and taxes (EBIT) will improve from €4.1 million in the prior-year period to approximately €4.5 million in the first quarter of 2007. Earnings before taxes will see an even greater increase from €3.4 million in 2006 to approximately €4.5 million in Q1 2007.
As expected, sales will not reach the previous year’s level, though the sales decline in Q1 2007 will be less than previously assumed by the capital markets. After €465.9 million in Q1 2006, sales will reach approximately €407 million in Q1 2007. The clear increase in earnings was achieved largely due to a higher gross margin of around 10.6 % and a better cost structure.
The full report on the first quarter of 2007 will be presented on May 11, 2007 as announced.