Outlook
We maintain our expectations for financial year 2012 stated in the 2011 annual report. Currently, we expect revenues of around EUR 360 million. In the previous year, we had achieved revenues of EUR 331.1 million. This amount had included approximately EUR 20 million in material price increases. In 2012, the effect of material price changes is expected to be noticeably lower. In line with the trend experienced in the first quarter, we expect revenue growth to stem primarily from our international locations. At our Oberkirch site, we expect a relatively flat growth curve.
With regard to earnings development, we expect the Oberkirch site to continue to have stable profitability in the years to come. The international locations will continue to visibly improve their results, after having had a positive EBIT contribution for the first time in 2011. We expect currency effects to no longer have a material impact on earnings in the current year. For the Group, we are aiming at an EBIT in the range of EUR 25 million for fiscal year 2012.
The net income for the period should see an above-average increase due to the persistently positive effect from the use of tax credits from our Czech site. In addition, we will be able to use our local tax-loss carryforwards at our Mexican site as we reach sustainably positive numbers there.



