Pfleiderer AG publishes figures for 2009

Fri, 19 Mar 2010 07:50:00 +0100

Neumarkt, March 19, 2010 – Revenue of MDAX-listed Pfleiderer AG (ISIN DE0006764749) reduced by 20.4 percent from 1.74 billion euros in 2008 to 1.38 billion euros in the financial year 2009. Despite successful structural adjustments and cost savings of approximately 100 million euros, earnings before interest, taxes, depreciation and amortization (EBITDA) fell significantly to 100.4 (prior year 223.7 million euros). EBITDA includes restructuring costs of 17.5 million euros. EBIT amounted to minus 16.1 million euros, compared to plus 97.6 million euros in 2008. After minority interests and hybrid capital investors, the loss attributable to the shareholders of Pfleiderer AG for the year 2009 amounted to 69.8 million euros, compared to a profit of 5.8 million euros in 2008. Diluted and basic earnings per share from continuing operations fell to minus 1 euro and 42 cents, compared to plus 24 cents in 2008. Pfleiderer expects an improved profitability in the second half of 2010, the earliest. For this reason the company again assumes a loss on the net profit level this year.

Pfleiderer’s Annual Report 2009 and further information on the Group can be found on the website at www.pfleiderer.com, starting today at approximately 10.00 o’clock

Contact person:

Lothar Sindel
Vice President Investor Relations
Phone: +49 (0) 91 81 - 28-80 44
Fax: +49 (0) 91 81 - 28-6 06
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Vice President Corporate Communications
Phone: +49 (0) 91 81 - 28-84 91
Fax: +49 (0) 91 81 - 28-6 06
E-mail: fabian.schiffer@pfleiderer.com

Pfleiderer AG received notifications of accusations and hearings from Germany’s Federal Antitrust Authority

Wed, 10 Mar 2010 18:19:00 +0100

Neumarkt, March 10, 2010 – In the context of an investigation relating to possible violations of antitrust law, offices were searched at Pfleiderer AG, at some of its subsidiaries, and at some competing companies on March 4, 2009.

With regard to this matter, Pfleiderer AG announces that it has meanwhile received notifications of accusations and hearings from Germany’s Federal Antitrust Authority (Bundeskartellamt). Pfleiderer AG is examining the accusations and will state its position on them to the Federal Antitrust Authority. Due to the pending investigations, the company is unable to disclose any further details.

Contact persons:

Lothar Sindel
Vice President Investor Relations
Phone: +49 (0) 91 81 - 28-80 44
Fax: +49 (0) 91 81 - 28-6 06
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Vice President Corporate Communications
Phone: +49 (0) 91 81 - 28-84 91
Fax: +49 (0) 91 81 - 28-6 06
E-mail: fabian.schiffer@pfleiderer.com

Pfleiderer AG places capital increase of 10 percent

Thu, 04 Feb 2010 17:56:00 +0100

NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

Neumarkt, February 4, 2010 – Pfleiderer AG (ISIN: DE0006764749) today placed 5,332,600 new shares out of a capital increase against cash contributions, which was decided upon today by the Executive Board with the approval of the Supervisory Board, with qualified institutional investors in Germany and abroad by way of an accelerated bookbuilding process. The capital increase is taking place out of Pfleiderer’s approved capital for an issue price of 6.50 euros per share and will increase the company’s subscribed capital by 13,651,456 euros from 136,514,816 euros to 150,166,272 euros. Shareholders’ subscription rights have been precluded for this capital increase. Pfleiderer AG will receive gross proceeds from the issue of 34.7 million euros, which will be used to reduce the Pfleiderer Group’s financial liabilities. After the capital increase has been entered in the Commercial Register, the new shares are to be approved without prospectus for trading in the official market (Prime Standard) of the Frankfurt Stock Exchange.

The Executive Board of Pfleiderer Aktiengesellschaft

THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY AND CONSTITUTES NEITHER AN OFFER TO SELL NOR AN INVITATION TO MAKE AN OFFER TO BUY OR TO SUBSCRIBE TO SECURITIES. NO PUBLIC OFFER OF SECURITIES OF PFLEIDERER AKTIENGESELLSCHAFT, NEUMARKT, IS TAKING PLACE OR IS PLANNED.

THIS PUBLICATION AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR DIRECT OR INDIRECT PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN.

THE SECURITIES OF THE COMPANY DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 AS AMENDED (THE “SECURITIES ACT”) OR UNDER SECURITIES LAWS OF ANY FEDERAL STATE OF THE UNITED STATES AND MAY ONLY BE SOLD OR OFFERED FOR SALE WITHIN THE UNITED STATES OF AMERICA ON THE BASIS OF AN EXEMPTION FROM THE DUTY TO REGISTER UNDER THE SECURITIES ACT OR UNDER THE SECURITIES LAWS OF A FEDERAL STATE OF THE UNITED STATES OR IN THE CASE OF SUCH REGULATIONS NOT BEING APPLICABLE. NO PUBLIC OFFER OF SECURITIES IS TAKING PLACE IN THE UNITED STATES OF AMERICA.

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Vice President Investor Relations
Tel.: + 49 (0) 91 81 / 28 8044
Fax: + 49 (0) 91 81 / 28 60 6
E-Mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Vice President Corporate Communications
Tel.: + 49 (0) 91 81 / 28 84 91
Fax: + 49 (0) 91 81 / 28 60 6
E-Mail: fabian.schiffer@pfleiderer.com

Pfleiderer AG decides on capital increase of 10%

Thu, 04 Feb 2010 15:13:00 +0100

NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

Neumarkt, February 4, 2010 – The Executive Board of Pfleiderer AG (ISIN: DE0006764749) has decided on a capital increase of nearly 10 percent of the current share capital out of the company’s approved capital with the approval of the Supervisory Board, which was granted today. 5,332,600 new shares are to be issued against cash contributions in the context of a private placement, whereby the company’s share capital will be increased by 13,651,456 euros from the current 136,514,816 euros to 150,166,272 euros. The new shares are to be offered to qualified institutional investors in Germany and abroad by way of an accelerated bookbuilding process. Shareholders’ subscription rights are precluded. The proceeds of the issue are to be used to reduce Pfleiderer’s financial liabilities. The new shares are to be approved without prospectus for trading in the official market (Prime Standard) of the Frankfurt Stock Exchange.

The Executive Board of Pfleiderer Aktiengesellschaft

THIS PUBLICATION AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR DIRECT OR INDIRECT PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN.

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 60 6
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communications
Tel.: +49 (0)9181 28 84 91
Fax: +49 (0)9181 28 60 6
E-mail: fabian.schiffer@pfleiderer.com

Pfleiderer AG successfully concludes share sales

Tue, 19 Jan 2010 20:39:00 +0100

Neumarkt, January 19, 2010 – The Executive Board of MDAX-listed Pfleiderer AG (ISIN DE0006764749) has successfully completed the sale of all 2,643,458 of the companies own shares held as treasury shares, constituting 4.96% of Pfleiderer’s share capital, on the stock exchange.

The company has sold the total stock of own treasury shares with a sales volume of 18.5 million euros.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 60 6
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communications
Tel.: +49 (0)9181 28 84 91
Fax: +49 (0)9181 28 60 6
E-mail: fabian.schiffer@pfleiderer.com

Executive Board of Pfleiderer AG decides to sell up to 2,643,458 treasury shares on the stock exchange

Tue, 19 Jan 2010 17:53:00 +0100

Neumarkt, January 19, 2010 – The Executive Board of MDAX-listed Pfleiderer AG (ISIN DE0006764749) has decided to sell on the stock exchange up to 2,643,458 of the companies own shares held as treasury shares, constituting up to 4.96% of Pfleiderer’s share capital.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 60 6
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communications
Tel.: +49 (0)9181 28 84 91
Fax: +49 (0)9181 28 60 6
E-mail: fabian.schiffer@pfleiderer.com

Pfleiderer secures long-term financing

Mon, 11 Jan 2010 07:34:00 +0100

Neumarkt, January 11, 2010 – Pfleiderer AG, the MDAX-listed manufacturer of engineered wood (ISIN DE0006764749), has agreed with approximately 30 banks on the conditions of long-term and secure corporate financing. The package in a total volume of approximately 800 million euros will be available until the end of 2013. It includes a loan of 140 million euros from Germany’s KfW banking group, granted at arm’s length conditions from the “Germany Fund”. The related costs will rise by a small eight-digit amount compared with 2009.

With the help of a strong cash flow from operating activities, Pfleiderer AG plans to reduce its net debt by more than 350 million euros in the next four years. This will result in lower interest rates, as specified in the credit agreements, which will ultimately improve Pfleiderer’s profitability.

Independently of Pfleiderer AG, the majority-owned subsidiary Pfleiderer Grajewo SA, which is listed on the Polish stock exchange, is also holding discussions with its banks concerning a financing volume of approximately 300 million euros. Agreement has been reached with the five banks involved on the key points of a financing package which will also run until 2013.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:

PFLEIDERER AG, Neumarkt
Lothar Sindel
Leiter Investor Relations
Tel.: + 49 (0)9181 / 28 - 8044
Fax: + 49 (0)9181 / 28 - 606
E-Mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Leiter Corporate Communications
Tel.: + 49 (0)9181 / 28 - 8491
Fax: + 49 (0)9181 / 28 - 606
E-Mail: fabian.schiffer@pfleiderer.com

Smaller Executive Board at Pfleiderer

Mon, 09 Nov 2009 20:50:00 +0100

Neumarkt, November 9, 2009. Due to the planned streamlining and realignment of the entire organizational structure of Pfleiderer AG, Dr. Robert Hopperdietzel has decided to step down from his position as an Executive Board member with effect as of November 15, 2009. Dr. Hopperdietzel, who was Deputy Chairman of the Executive Board, was responsible within the Executive Board for the areas of Technology and Operations/Plants, and most recently also for Business Center Western Europe. The Supervisory Board accepted his decision in its meeting held on November 9, 2009.

Speaking on behalf of the Supervisory Board and the Executive Board, Chairman of the Supervisory Board Mr. Ernst-Herbert Pfleiderer expressed his regret about the departure of Dr. Hopperdietzel and thanked him for his successful efforts and involvement in the positioning of the Pfleiderer Group in recent years, as well as for his consistently good and loyal collaboration.

Dr. Hopperdietzel’s tasks will be performed by the other members of the Executive Board: Mr. Hans H. Overdiek, Chairman of the Executive Board (CEO), Mr. Heiko Graeve and Mr. Pawel Wyrzykowski. Pfleiderer AG assumes that its organizational restructuring will result in savings in excess of €10 million.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:
Pfleiderer AG, Neumarkt, Germany
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 606
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communication
Tel.: +49 (0)9181 28 8491
Fax: +49 (0)9181 28 606
E-mail: fabian.schiffer@pfleiderer.com