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25.02.2008 – 08:54

Zapf Creation AG

euro adhoc: Financial Figures/Balance Sheet
Zapf Creation AG again substantially improves consolidated earnings in 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

Preliminary financial figures


Roedental, February 25, 2008 - Zapf Creation AG, Europe's leading manufacturer of play and functional dolls, today announced that business in 2007 developed in accordance with the most recent forecast, thus continuing the positive development of earnings that began in 2006. According to preliminary unaudited figures, consolidated earnings before interest and taxes (EBIT) — adjusted for restructuring costs and one-off items — rose by 11.2% to EUR 6.0 million (2006: EUR 5.4 million). If the restructuring and one-off costs are included, consolidated EBIT climbed substantially from EUR -0.5 million the previous year to EUR 5.7 million in 2007. After-tax consolidated earnings from continued operations were EUR -2.6 million (2006: EUR -6.5 million). The net result for the period also improved significantly year-on-year, from EUR -12.7 million in 2006 to EUR -2.7 million in 2007. This includes net result from discontinued operations in the amount of EUR -0.1 million (previous year: EUR -6.1 million).

Consolidated sales in the 2007 financial year were EUR 110.5 million, a decline of 4.9% compared to 2006 (EUR 116.1 million). There was a sharp upturn in revenues of the Zapf Creation Group during the year, reaching EUR 52.9 million in the especially important fourth quarter — an increase of 15.1% over the same quarter of the previous year.

The equity ratio of the Zapf Creation Group climbed to 12.5% at the close of the period presented (from 3.1% as of December 31, 2006) due to the successfully executed capital measures of the year 2007. Net liabilities declined substantially from EUR 53.3 million at the close of 2006 by EUR 37.4 million to EUR 16.0 million at the close of 2007. It fell by EUR 20.5 million, if the subordinated shareholder loans granted in 2007 in the amount of EUR 16.9 million (including interest accrued as of the reporting date) are taken into account.

As far as the 2008 financial year is concerned, the Management Board expects consolidated sales to turn around and rise again, consolidated EBIT to improve further, and consolidated earnings after taxes to return to the black.

Zapf Creation AG will publish its audited annual financial statements on March 31, 2008, and discuss them at both a financials press conference and an analysts' meeting.

end of announcement                               euro adhoc

Further inquiry note:

Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +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 / regulated 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 of: Zapf Creation AG, transmitted by news aktuell

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