Fenghua SoleTech AG
Fenghua SoleTech AG: Preliminary results for the financial year 2014 and postponed publication of the audited annual report 2014
Fenghua SoleTech AG / Key word(s): Preliminary Results 11.06.2015 08:45 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Fenghua SoleTech AG: Preliminary results for the financial year 2014 and postponed publication of the audited annual report 2014 Frankfurt am Main, June 11, 2015 - According to preliminary unaudited calculations for the financial year 2014, Fenghua SoleTech AG ("Fenghua") has reached revenues of approximately EUR 100 million (2013: EUR 90.1 million) and an EBIT of around EUR 27 million (2013: EUR 24.9 million). Fenghua's Management Board had expected to generate revenues in a range of EUR 95 to 100 million and an EBIT margin between 28 per cent and 29 per cent for the full financial year 2014. The audit of the annual accounts for the financial year 2014 has been postponed. Thus, the publication of the audited annual report 2014 and Q1 2015 report has been postponed until August 2015. The Management Board of Fenghua will promptly convene the annual shareholders' meeting once the audited financial statements 2014 are published. The Management Board of Fenghua is fully committed to being in compliance with the reporting requirements and has implemented measures to ensure a timely publication of the audited financial statements in the future. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About Fenghua Fenghua was founded in 2004 and is a modern, technology-driven Chinese manufacturer of shoe soles. Fenghua produces more than 40 million pairs of shoe soles per year. Disposing of a dynamic research and development team, Fenghua is able to offer an own range of products. The soles manufactured by Fenghua are designed for performance sports shoes as well as for leisure and casual sports-inspired shoes targeting mid to high end shoe producers in China and international brands. For further information, please contact: Fenghua SoleTech AG Phone: +49 69 95925484 Or visit: www.fenghua-ag.de/en 11.06.2015 The DGAP 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: Fenghua SoleTech AG Mainzer Landstraße 41 60329 Frankfurt am Main Germany Phone: +49 (0)69 95925484 Fax: E-mail: fenghua@kirchhoff.de Internet: www.fenghua-ag.de ISIN: DE000A13SX89 WKN: A13SX8 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Warschau End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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