DGAP-Adhoc: Roth & Rau announces preliminary consolidated results for the 2010 financial year

Roth & Rau AG  / Key word(s): Preliminary Results

23.02.2011 14:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Roth & Rau announces preliminary consolidated results for the 2010
financial year
- Sales growth of 35.9 % to EUR 268.9 million 
- EBIT of EUR -25.9 million after special items

Hohenstein-Ernstthal, 23 February 2011 - Based on preliminary figures, the
Roth & Rau Group generated sales of EUR 268.9 million in the past 2010
financial year. This corresponds to growth of 35.9 % on the previous year's
figure of EUR 197.9 million.

The Group's earnings performance in the past year was affected by special
items of around EUR -51.2 million (of which EUR 42.9 million under EBIT and
EUR 8.3 million under net financial expenses). As a result, preliminary
earnings before interest and taxes (EBIT) amounted to EUR -25.9 million in
the 2010 financial year (previous year: EUR 16.1 million).

The special items related to impairment losses of around EUR 8.5 million
already recognised for turnkey projects as of 30 September 2010 and of
around EUR 12.5 million (of which EUR 4.2 million under EBIT and EUR 8.3
million under net financial expenses) due to the risk of insolvency at the
US customer SpectraWatt. Both developments were already announced as soon
as they arose. Moreover, the Group has also recognised further impairment
losses of EUR 11.0 million in connection with existing turnkey projects and
provisions of EUR 9.6 million for legal and tax risks relating to major
projects still underway. Furthermore, as part of a new strategic alignment
that, among other aspects, involves streamlining the Group's product
portfolio, the Management Board has discontinued activities in specific
product groups and thus also in related development projects. This made it
necessary to recognise further, one-off impairment losses of around EUR 3.1
million.

One major one-off item of EUR 6.5 million also resulted from the necessary
conversion of the accounting treatment of SiNA series single equipment from
the percentage of completion method to measurement at cost, which will
involve the respective profit being deferred to the 2011 financial year.

Further preliminary key figures for the past financial year and information
about the Group's new strategic alignment can be found in the press release
also published today. The Annual Report will be published on 31 March 2011.


Contact:
Roth & Rau AG
Prof. Dr. Silvia Roth 
Tel.: +49 (0) 3723/6685-333
E-Mail: investor@roth-rau.de 

Haubrok Investor Relations GmbH
Simone Cujai
Tel.: +49 (0) 211/17183537
E-Mail: s.cujai@haubrok.de


23.02.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Roth & Rau AG
              An der Baumschule 6-8
              09337 Hohenstein-Ernstthal
              Deutschland
Phone:        03723 6685-0
Fax:          03723 6685-100
E-mail:       info@roth-rau.de
Internet:     www.roth-rau.de
ISIN:         DE000A0JCZ51
WKN:          A0JCZ5
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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