DGAP-Ad-hoc: elumeo SE / Key word(s): Strategic Company Decision/Change in Forecast
elumeo SE: elumeo SE to outsource its production
Berlin, 9 November 2018
International Securities Identification Number: DE000A11Q059
After elumeo SE has already drastically reduced the capacity of its group-owned factory in order to reduce idle running costs and achieve a better fixed cost degression, the company has now decided to outsource its remaining production to two smaller sites that will be operated in close cooperation with local partners. This is intended to further reduce fixed costs and increase production flexibility. Production will be continued at the new sites and terminated at the former site. In addition, the management of the former production company will be requested to commence a solvent liquidation of the company, utilising the existing assets.
Due to the outsourcing of the production, elumeo SE expects a substantial improvement in sales and earnings in the sales division Germany & Italy for the fourth quarter of 2018. With a view to the targeted solvent liquidation of the former production company, no forecast for the segment group functions & eliminations and, therefore, the total group is possible for the year 2018. All outstanding forecasts for the fourth quarter and the total year 2018 are hereby revoked. Further details and an outlook for the year 2019 will be published in the quarterly financial release to be published on 14 November 2018.
About elumeo SE:
Competent person for this publication:
Bernd Fischer, managing director (CFO).
09-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Erkelenzdamm 59/61, Portal 3b|
|Phone:||+49 30 69 59 79-0|
|Fax:||+49 30 69 59 79-20|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart|
|End of Announcement||DGAP News Service|
743873 09-Nov-2018 CET/CEST