EWE Aktiengesellschaft
EWE Aktiengesellschaft: Change in classification of VNG-stake leads to considerably negative Group EBIT for 2011
EWE Aktiengesellschaft / Key word(s): Final Results/Profit Warning 16.01.2012 12:21 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Change in classification of VNG-stake leads to considerably negative Group EBIT for 2011 Oldenburg, 16 January 2012. The Board of Management of EWE AG expects a negative EBIT in the low three digit million range for the EWE Group in 2011. The earnings forecast stated in the Group's interim report as of 30 June 2011 aiming for positive results is going to be missed. This is mainly caused by a change of the accounting method regarding the VNG Verbundnetz Gas AG. EWE currently does not think a short termed transfer of the 47.9 per cent stake in VNG likely. In accordance with the IFRS standards EWE therefore changes the classification of VNG in the Group balance sheet back to 'at equity'. This not cash effective effect reduces the Group's EBIT presumably by EUR 154 million. The aforementioned figures are based on the provisional, not yet finally reviewed EWE Group report and therefore subject to change. The complete Group annual report will be published on 17 April 2012. Contact Media Fon: +49 4 41 / 48 05 18 00 Fax: +49 4 41 / 48 05 18 95 Email presse@ewe.de Contact Investor Relations Fonl.: +49 4 41 / 48 05 18 80 Fax: +49 4 41 / 48 05 11 99 Email: ir@ewe.de 16.01.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: EWE Aktiengesellschaft Donnerschweer Straße 22 - 26 26123 Oldenburg Germany Phone: 0441-803-0 Fax: 0441-803-3999 E-mail: info@ewe.de Internet: www.ewe.de ISIN: DE000A0DLU51, DE000A0DLU69 WKN: A0DLU5, AODLU6 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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