euro adhoc: Neschen AG / Financial Figures/Balance Sheet / Neschen AG -2005 results burdened by restructuring programme

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Disclosure announcement transmitted by euro adhoc.
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11.04.2006

Neschen Group will return a net loss after tax (per IFRS) of approx.
-9.4 mEUR (2004 -15.1 mEUR). This includes extraordinary expenses of
approx. 7.9 mEUR for the restructuring programme (previous year also
7.9 mEUR). These expenses were incurred due to the closure of SEAL
Graphics Europe B.V. in Raalte, Netherlands and personnel down-sizing
in Bückeburg, Germany.

The result before extraordinary expenses improved by 5.8 mEUR to -1.4
mEUR. The goal of achieving break even before extraordinary expenses
was not achieved yet.

The EbIT lay by -2.9% (2004: -6.6%), the EbITDA by 1.8% (2004:
-1.5%). The turnover was 136.2 mEUR (previous year 140.3 mEUR). Sales
decreased by 1.7% after adjustments of discontinued sales.

The financial statements, for the first time per IFRS, show a
shareholder equity of 1.2 mEUR (2004: 8.4 mEUR) and reflects the
reduction due to the restructuring programme.

Shareholder´s equity of Neschen AG (accord. to commercial code) lay
by 10.2 mEUR (previous year 22.7 mEUR). The loss of 12.6 mEUR set
against the financial reserves.

After completion of the restructuring programme which cost approx. 16
mEUR, Neschen AG aims to increase its group equity basis.

To optimize the cost structure, a consolidation of the US-companies
took place in March 2006. The two-brand-strategy ("Neschen" and
"SEAL") will continue with the new company "Neschen Americas".

The group sales-budget for the current year is 135 mEUR. Up to the
end of February, the budgeted sales and results were on target; with
the preliminary sales for March the results are expected to be
achieved.

end of announcement euro adhoc 11.04.2006 19:51:52
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ots Originaltext: Neschen AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Jan Marzinowski
Tel.: +49 (0) 5722 207 153
E-Mail: j.marzinowski@neschen.de

Branche: Process Industries
ISIN: DE0005021307
WKN: 502130
Index: CDAX
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