The insolvency of the printing press manufacturer manroland AG is expected to have an impact on the revenue and earnings performance of the technotrans Group in the current financial year. In its initial assessment the Board of Management expects that the impact on earnings of the impairment of receivables and inventories, along with expenses from orders currently outstanding, will be up to € 2.0 million in the annual financial statements for 2011. An operating profit of € 6 to 7 million had originally been planned for the 2011 financial year.
Note: Statements made in this press release relating to future developments are based on our cautious estimate of future events. The actual performance of the company may differ substantially from that planned, as it depends on a large number of market-related and economic factors, some of which are beyond the company’s control.
These press releases contain forward-looking statements which are based on assumptions and estimations by the management board of technotrans AG. Even though the management board is of the opinion, that those assumptions and estimations are realistic the future development and the projected results may deviate substantially from the forward-looking statements. Those deviations can be due to several factors including but not limited to changes in the macro-economic situation, in the exchange rates, in the interest rates and in the graphic arts industry. technotrans AG gives no warranty and does not assume the liability for any damages in case the future development and the projected results do not correspond with the forward looking statements.