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Zapf Creation AG

euro adhoc: quarterly or semiannual financial statement
Zapf Creation AG records restrained business development in the first nine months of 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
9-month report
08.11.2007
Rödental, Germany, November 8, 2007 - Zapf Creation AG, Europe's 
leading manufacturer of play and functional dolls, recorded 
restrained business development in the first nine months of 2007. 
Consolidated sales during this period totaled EUR 57.6 million, down 
17.9% on the figure for the same period in 2006 (EUR 70.2 million). 
Consolidated sales in the third quarter amounted to EUR 34.5 million 
compared with EUR 38.0 million in the prior-year period, a decrease 
of 9.2%.
Consolidated earnings before interest and taxes (EBIT), adjusted for 
restructuring costs and one-off expenses, broke even in spite of the 
dip in sales (Q1-Q3/2006: EUR 4.0 million). Adjusted EBIT increased 
from EUR 7.9 million to EUR 8.4 million in the third quarter. After 
deduction of earnings from discontinued operations - the U.S. 
business was wound up at the end of 2006 - the Group is reporting a 
net result for the first nine months of EUR -4.3 million as against 
EUR -5.1 million in the same period of the previous year.
Given the strong economic growth in Europe and the positive response 
from the industry as well as end customers to the new products for 
the important Christmas business, the Management Board is confident 
of further narrowing the decline in consolidated sales by the end of 
2007 compared with the figure for September 30, 2007. Compared to 
2006, the Management Board expects a mid single-digit drop in sales 
for the full year (sales in 2006: EUR 116.1 million). The Group is 
continuing to aim for a substantial year-on-year improvement in 
consolidated earnings after taxes in 2007, although the Management 
Board expects earnings after taxes to remain slightly negative (2006:
EUR -12.7 million).
end of announcement                               euro adhoc 08.11.2007 10:43:29

Further inquiry note:

Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Phone: +49 (0) 54 04 - 91 92 0
Fax: +49 (0) 54 04 - 91 92 29

Branche: Consumer Goods
ISIN: DE0007806002
WKN: 780600
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade

Original-Content von: Zapf Creation AG, übermittelt durch news aktuell

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