As feared in the report for the third quarter 2008 the negative consequences of the worldwide economic crisis have drastically increased and also effected Impregon's P&L statement to only show a balanced result for the fourth quarter. While the majority of the 12 Impreglon companies encountered sales decreases in low 2-digit numbers the "automotive plants" where confronted with cuts of up to 50%. The sudden drop made it difficult to initiate counter measures in time, which will now help to improve the results in the first quarter of 2009.
In order get comparable results for 2007 and 2008 the preliminary numbers for 2008 are HGB-based and include the MBJ acquisition as per 01.01.08. A final audited IFRS statement will be available in May 2009.
With capital resources of 50% and 6 million Euro in cash Impreglon will not only be able to withstand an enduring crisis but also to take advantage of interesting acquisition opportunities to continue its growth. In view of the current economic crisis a projection of the 2009 results is not possible at this point. However, management is confident to do so once the numbers for the first Quarter of 2009 are available.
|31.12.2008||31.12.2007||+ / -|
+ 8 %
- 15 %
- 30 %
- 34 %
Net Result (TEUR)
- 39 %
Earnings per Share (EUR)
- 43 %