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Semiannual results: higher margins but less net sales |
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Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
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Munich, 11 September 2008: ce GLOBAL SOURCING AG, which is listed on
the Open Market of the Frankfurt Stock Exchange, today voluntarily
published the financial results for the first half of fiscal year
2008.
Key figures support succesful restructuring
With consolidated net sales of 11,072 kEUR (py: 13,465 kEUR) the
group achieved in first half 2008 a negative profit of -405 kEUR
(py: +83 kEUR). The total assets per 30.06.2008 amount to 8,021 kEUR
(31.12.2007: 8,668 kEUR).The shareholders' equity is 4,409 kEUR
(31.12.2007: 4,854 kEUR). The shareholders' equity rate therefore is
55 percent (31.12.2007: 56 percent) at the 30.06.2008.
Outlook for 2008
Herbert E. Graus, CEO of ce GLOBAL SOURCING AG: "With the planned new
business and the induced expansion of activities in areas with strong
margins we will reach an even result for 2008 - despite losses in the
first 6 month of this year. Besides revenue increasing actions we try
to optimise our existing cost structure."
Service
The half year report is now available for download on our website
www.ce-global.de under the section "Investor Relations".
Unfortunately we provide a German version only.
For additional information please contact ce GLOBAL SOURCING AG,
Investor Relations, Tel.: +49 (89) 13 92 889 - 0, Fax: +49 (89) 13 92
889 - 29, Email: ir@ce-global.de
End of corporate News
About ce GLOBAL SOURCING AG
The ce GLOBAL SOURCING AG sees itself as a
"Electronic-Procurement-provider". The company operates as an extern
partner of original parts producer (OEM) and Electronic Manufacturing
Services (EMS) and takes over the purchase-, storage-, and shortage
management, as well as, the providing of semiconductors and
electronic components. Domicile of the company is Munich. Besides the
ce has offices in Canada, the USA, Taiwan, Japan, China, Australia,
the Netherlands, Italy, England, Switzerland, it also has
representatives in Russia, the Ukraine and Hong Kong. World-wide ce
has about 60 employees.
--- End of Message ---
ce GLOBAL SOURCING AG
Klausenburger Str. 9 München Germany
WKN:
508222; ISIN: DE0005082226; Index: CLASSIC All Share;
Listed: General Standard in Frankfurter Wertpapierbörse; Copyright © Hugin AS 2008. All rights reserved.
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