Schloss Wachenheim AG - Konzern


Nine-month balance sheet for fiscal year 2006/2007: Sektkellerei Schloss Wachenheim AG increases output and revenues

Thursday, 31. May 2007

Ad-hoc Disclosure pursuant to Section 15 German Securities Trading Act (Wertpapierhandelsgesetz)

Wachenheim, 30 May 2007. The Schloss Wachenheim Group, the world’s largest producer of sekt and sparkling wines, has increased its sales in the first nine months of fiscal year 2006/2007 (1 July 2006 to 31 March 2007) by 4.2 percent to more than 195 million bottles. In the same period last year this had been some 187 million bottles (0.75 litres). Net revenues (without sekt tax) rose by 9.5 percent to EUR 215.5 (196.8) million. The operating result (EBIT) amounts to some EUR 12.2 million after EUR 12.4 million in the same period last year. At EUR 5.7 million, post-tax profits (consolidated net profit) are below the level of the comparative period (EUR 9.1 million), which included extraordinary income of EUR 3.2 million.

The Group’s equity grew during the reporting period by EUR 5.2 million to EUR 116.7 million. The equity ratio improved from 35.4 percent to 36.7 percent. Investments rose by four percent from EUR 11.1 million to EUR 11.5 million.

For the full year, the executive board expects a further increase in revenues because of the positive developments, above all in Germany and eastern Central Europe. The consolidated net profit is estimated at EUR 8.0 to 10.0 million. The results have been burdened by the increased raw material costs and the partial closure of the Böchingen production site. At the same time, the executive board expects extraordinary profit contributions in various areas of the Group.

Group Income Statement per IFRS (in EUR x millions, rounded):

Nine months 2006/07 Nine months 2005/06
Revenues 215.5 196.8
Operating result (EBIT)
12.2 12.4
Consolidated net profit 5.7 9.1
Net earnings per share (in Euros) 0.39 0.98