Bremer Woll-Kämmerei AG
Bremer Woll-Kämmerei AG:Interim Report on the 1st half-year 2006
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Dear Shareholder,
At important fairs in Italy and France this year, a substantially higher
share of wool textiles was noted for the forthcoming fashion collections.
In the first six months of the year 2006, the BWK Group participated in
this encouraging fashion trend, which was reflected in the increased demand
for wool tops, in particular from Europe. As a result of these
circumstances and due to the reorganisational measures implemented at the
end of 2005, the BWK Group was able to achieve a positive result at EAT
level according to IFRS in the amount of Euro 0.2 million for the first six
month of the year.
Especially European wool trading benefited from the demand for wool tops,
so that the business division “global wool trading” made a positive
contribution of Euro 0.4 million to the Group result. Although the
contribution to earnings of the companies that produce in Europe, namely
BWK AG, BWK Chemiefaser GmbH and BWK Eastern, was negative at Euro -0.8
million. In comparison to last year this was a significant improvement in
the operating result. The European combing plants achieved high capacity
utilisation levels and the BWK Chemiefaser GmbH continues to hold a good
market position, so that it was able to maintain its market share and make
a positive contribution to earnings.
The business division “Other Business” made a positive contribution of Euro
0.6 million to the Group result for the year to date.
For the coming months, we expect to see a seasonally-induced decline in
orders. Overall management expects to achieve a slightly below break-even
result for the current business year.
Bremen, August 2006
The Board of Management
Günther Beier Andrés Pinter
(Chairman of the Board of Management)
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Information and Explaination of the Issuer to this News:
Key Data BWK Group
Profit and Loss Account Jan.-June 2006 inT€ Jan.-Dec.2005 in T€
Sales revenues 60 031 152 137
of which
European combing 14 216 27 531
Global wool trade 44 191 120 344
Other business 1 624 4 262
Inventory changes and other
own work capitalised 398 – 3 578
Total performance 60 429 148 559
Other operating income 3 091 15 201
Raw materials and consumables – 48 045 – 121 918
Personnel costs – 6 828 – 19 344
Depreciation – 889 – 8 915
Other operating expenses – 6 067 – 15 045
Financial result – 1 466 – 3 046
Taxes – 21 342
Loss from abandoned business division – – 2 948
Group result 204 – 7 114
of which accounted for by:
Shareholders of the parent company 170 – 7 065
Share of minority shareholders
in the result 34 – 49
Balance sheet 30.06.2006 T€ 31.12.2005 T€
Fixed assets 20 257 21 070
Inventories 24 095 27 251
Other current assets 39 141 33 653
Balance sheet total 83 493 81 974
Liabilities 58 078 56 153
Provisions for liabilities and charges 14 313 14 627
Shareholders’ equity 11 102 11 194
Balance sheet total 83 493 81 974
Key ratios 30.06.2006 T€ 31.12.2005 T€
Cash Flow 955 9 017
Investments 439 1 414
Personnel 254 318
(c)DGAP 15.08.2006
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Language: English
Issuer: Bremer Woll-Kämmerei AG
Landrat-Christians-Straße 95
28779 Bremen Deutschland
Phone: 04 21-60 91-324
Fax: 04 21-60 91-6 11
E-mail: info@bwk-bremen.de
WWW: www.bwk-bremen.de
ISIN: DE000A0BVXQ0
WKN: A0BVXQ
Indices:
Listed: Amtlicher Markt in München; Geregelter Markt in
Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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