Outlook
The risks presented for further business development remain. It is still uncertain whether the recent economic recovery will continue considering the anticipated development of the employment market and consumer demand.
The ongoing improvement in our business development, which continued to stabilise in the third quarter, is a positive sign. After the summer months, which were weak as usual, due to the summer holidays, our Group again achieved EBIT of almost EUR 1.0 million and a slightly positive net profit for the period for the in September.
Although our site in Oberkirch recorded a significant number of earnings contributions, all foreign subsidiaries - with the exception of the Chinese site, which is currently being developed - either made a profit as well or were close to achieving break-even. Our implemented cost-cutting measures are therefore taking effect.
The current plans of our customers for the remaining months of the 2009 financial year hint at a stabilising order volume. We therefore aim to achieve Group revenue of more than EUR 200 million for the full year and intend to reduce the loss of the first nine months over the further course of the year.
