DGAP-Adhoc: COR&FJA AG: COR&FJA reduces earnings forecast for the financial year 2013

COR&FJA AG / Key word(s): Change in Forecast

08.08.2013 14:59

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

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COR&FJA reduces earnings forecast for the financial year 2013

(Leinfelden-Echterdingen, 8 August 2013) - COR&FJA AG is reducing its
earnings forecast for the current financial year 2013. It now expects its
earnings before interest, taxes, depreciation of tangible assets and
amortisation of intangible assets (EBITDA) to amount to 3.0 million euros
by year-end. The company's previous forecast for the current year was that
EBITDA would amount to some 5.0 million euros. In addition to this, the
company revised its total turnover forecast for 2013 downwards slightly
from around 139.0 million euros to 135.0 million euros.

One reason for this revised forecast is that measures in connection with
restructuring the company once again necessitate the posting of expenses
directly through profit and loss. Moreover, the slightly lower business
volume generated by existing customers due to the general market situation
has led to a decrease in turnover.

Basically, COR&FJA is convinced that the company is on the right track in
view of its ongoing cost-cutting programme and its planned strategic
realignment, and that after a transitional year in 2013 it will return to a
positive path of commercial development as from 2014 at the latest.

The company will publish its consolidated financial statements for the
first six months of 2013 on 15 August 2013.

Issuing party:

COR&FJA AG
Investor Relations
Humboldtstraße 35, 70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: investor.relations?@?cor.?fja.com
Internet: www.cor.fja.com
WKN 513010, ISIN DE0005130108
Stock exchange centres: regulated market in Frankfurt (Prime Standard);
open market in Berlin, Düsseldorf, Hamburg, Stuttgart

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Language: English
Company: COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations@cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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