euro adhoc: GfK AG / quarterly or semiannual financial statement / GfK Group Q2 growth more modest than anticipated

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quaterly report

01.08.2007

Ad hoc Press Release:

GfK Group Q2 growth more modest than anticipated

GfK Group is anticipated to record sales totaling around EUR 554
million in the first half of the year, which represents growth of
3.6% compared with the same period the previous year (EUR 534.4
million). The anticipated organic growth is just under 5%. At EUR
63.5 million, the adjusted operating result for the first six months
of the year is comparable to the figure of EUR 63.8 million recorded
in the previous year. This corresponds to a margin of 11.5% compared
with the 11.9% achieved the previous year. EBIT is predicted to
amount to just under EUR 55 million (same period the previous year:
EUR 55.4 million).

Q2/2007 developed as follows: sales totaled around EUR 292 million,
compared with EUR 285.9 million for the same period the previous
year. The adjusted operating result is down from EUR 42.7 million in
the same period the previous year to just under EUR 39 million. Q2
EBIT is forecast to amount to around EUR 34 million (same period the
previous year: EUR 38.9 million).

The Q2 results are attributable in the main to the modest development
of the Custom Research and HealthCare divisions. The crisis hitting a
number of US motor manufacturers affected the Custom Research
division in that syndicated business contracts were not extended. The
loss of these sales impacted in full on income. The repercussions
have altered the margin structure of the Customer Research division
and accounts for the fact that growth has fallen short of that
recorded in previous comparable periods. In other areas, Custom
Research is achieving healthy growth.

Due to the stagnation of market research budgets in the
pharmaceutical industry in the North American, West European/Middle
Eastern and African regions, the HealthCare division results are
below expectation. In addition, there has been a change of management
in one of the GfK companies in England occasioned by the
unsatisfactory level of development.

The Consumer Tracking and Media divisions have grown according to
expectations and the Retail and Technology business is set to record
markedly higher sales and operating results than anticipated.

The order position for the current year as a whole is good. The total
of order inventory, orders received and sales already invoiced is
around 76.1%, which is 1.9 percentage points above the pro rata
figure for six months in the previous year, when it was 74.2%.

The company believes that it is still on course to virtually achieve
its targets for the year: sales growth of at least 5% and a margin
(adjusted operating result) of up to 13.5%.

end of announcement euro adhoc 01.08.2007 07:58:55
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ots Originaltext: GfK Gruppe
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bernhard Wolf
Tel. +49 (0)911 395-2012
E-Mail: bernhard.wolf@gfk.com

Branche: Consultancy Services
ISIN: DE0005875306
WKN: 587530
Index: SDAX
Börsen: Börse Frankfurt / official dealing/prime standard


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