LINOS AG: lower revenue and earnings in fiscal 2008
This shortfall in business development is reflected in earnings as well: the operating profit (EBIT) amounted to EUR 3.5 million in the past fiscal year.This is a reduction of 61.1 per cent over the previous year and includes extraordinary expenses of EUR 0.9 million (previous year: EUR 1.4 million)incurred in connection with the takeover by Optco Akquisitions GmbH and reorganisation expenses of EUR 1.4 million (previous year: 0 EUR).
It is very difficult to predict at the moment how business in the photonics industry will be developing in the current fiscal year. Global laser revenue is expected to decrease in 2009, for the first time since 1970. There has been a worldwide revenue slump in semiconductor equipment business. It is apparent that the economic situation in the other industrial segments will be deteriorating considerably in the coming months too. In view of this, the Executive Board is not at present issuing a specific forecast about revenue and earnings in the 2009 fiscal year. It does, however, expect revenue and earnings to decrease in the current fiscal year because of the general economic environment.
The 2008 annual report is being published on March 30, 2009.
About LINOS AG
LINOS AG is a manufacturer of sophisticated optical systems that operates all over the world. In line with the corporate principle "Photonics for Innovation", LINOS is a development partner and supplier for customers in such growth markets as lasers, optical metrology, medicine, biotechnology and semiconductors. The company is listed in the General Standard index at Frankfurt Stock Exchange and joined the Qioptiq Group, which is an international leader in the design and production of high-precision optical components and modules for military and commercial applications, in June 2007. LINOS has about 800 highly qualified staff at the locations in Göttingen, Munich, Regen and Warsaw and generated revenue of EUR 89 million in 2008. www.linos.de.