Ad-hoc-Message due to § 15 WpHG
Alphaform AG: Group results for financial year 2005
Feldkirchen, 23 March 2006. As stated in our report on the first nine months of 2005 and elsewhere, the overall economic situation has forced us to streamline our Group structures and focus on our core competencies. As a result, we had to recognise impairment losses within the Alphaform Group at year-end 2005, which have significantly impacted our results for the past financial year. Our continuing operations are still developing positively.

Total revenues from continuing operations fell by € 0.4 million or 2.0 %, from € 18.3 million in the previous year to € 17.9 million.

The Company recorded a net loss from continuing operations of € 4.3 million, compared with a net profit of € 1.4 million in the previous year. The net loss for 2005 contains non-recurring factors, including impairment losses, in the amount of € 5.0 million.

The Company sold 100 % of the shares in Alphaform-OHP GmbH, Weilburg, with effect from 1 August 2005, and sold the operations of Alphaform-Spacecast GmbH, Aachen, as of 15 December 2005. The effect of these transactions is reported in the annual financial statements under discontinued operations/loss on disposal. The consolidated net loss attributable to discontinued operations/loss on disposal amounted to € 2.1 million, compared with € 2.0 million in the previous year.

As of 31 December 2005, the total consolidated net loss for the period (continuing and discontinued operations) amounted to € 6.4 million (previous year: € 0.6 million).

At € 2.1 million, net cash from operating activities (continuing and discontinued operations) remained extremely positive (previous year: € 283,000). Adjusted for discontinued operations, net cash from operating activities increased year-on-year from € 2.3 million in 2004 to € 2.8 million in 2005.

Available cash and cash equivalents remained essentially unchanged as against the previous year, amounting to € 7.9 million as of 31 December 2005 compared with € 8.1 million in the previous year. The equity ratio remained stable at more than 82.0 %. The number of employees at the balance sheet date was 153 (previous year: 199).

The conversion of the Company’s accounting to IAS/IFRS means that the prior-period amounts stated above are not the same as those contained in the 2004 Annual Report.

The full Annual Report of the Group for financial year 2005 will be published on 31 March 2006 in the Reports section of our website www.alphaform.de/ir.

Alphaform AG Enabling Technologies and Services,
Investor Relations
Tel.: +49 (0) 89-90 500 235
e-mail: ir@alphaform.de

End of Ad Hoc Message © DGAP 23.03.2006

 

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