MEDION AG is stating that earnings before interest and taxes (EBIT) will improve from €0.6 million in the prior-year period to approximately €2.5 million in the second quarter of 2007. Earnings before taxes will see an even greater increase from €0.2 million in 2006 to approximately €3.2
million in Q2 2007. As expected, sales will not reach the previous year’s level. However, sales will decline less
than assumed at the beginning of the year. After €364.1
million in Q2 2006, sales will reach approximately €310 million in Q2 2007. The clear increase in earnings was
achieved largely due to savings in cost of materials and
successful overall cost management. EBIT for the first six months of 2007 will increase from €4.6 million in 2006 to approximately €7.1 million, while earnings before taxes will double from €3.6 million to approximately €7.7 million.
The complete report on the first half of 2007 will be presented on August
9, 2007 as announced.