Funkwerk AG / Quarterly report / Ad hoc: Funkwerk raises revenues in 
the third quarter and achieves positive
earnings
  
Ad hoc announcement according to §15 WpHG processed and transmitted 
by Hugin. The issuer is solely responsible for the content of this 
announcement.     
   
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Kölleda, 07. November 2008 - Funkwerk AG (ISIN DE0005753149)
performed well in the third quarter of 2008 despite a difficult
market environment caused by the global financial crisis, posting
another increase in earnings. During the period from July through
September, consolidated revenues increased 7.6 per cent year-on-year
to 71.9 mill. Euro (2007: 66.8 mill. Euro). This represents a 5.1 per
cent increase to  203.3 mill. Euro over the previous fiscal year
(2007: 193.4 mill. Euro).

In addition to restructuring charges incurred by the Enterprise
Communication business segment, declining auto industry sales also
impacted Q3 results. Nonetheless, Funkwerk, a specialist in the field
of professional communication and information systems listed on the
Prime Standard, still posted an operating profit of 1.3 mill. Euro
for the period (2007: 2.3 mill. Euro).

However due to positive developments in the financial results and the
tax burden, net profit for the quarter rose to 1.0 mill. Euro (2007:
0.5 mill. Euro). Earnings per share rose accordingly to 0.12 Euro
(2007: 0.06 Euro). For the nine months' year-to-date Funkwerk has
generated positive EBIT of
 2.5 mill. Euro (2007: 4.0 mill. Euro) despite the charges noted
above. Consolidated net profit for the three quarters totalled 1.3
mill. Euro versus 1.7 mill. Euro last year.

Because many of Funkwerk's customers are large corporations and
public-sector entities that generally settle accounts at the end of
the year, Funkwerk revenues and earnings are concentrated in the
fourth quarter. The Management Board thus believes that its revenue
and earnings targets for 2008 are still nearly within reach despite
continuing economic weakness affecting the automotive industry in
particular.

For further information

Funkwerk AG
Im Funkwerk 5
D-99625 Kölleda/Thüringen
Jörg Reichenbach
Investor Relations
Telefon: 0049 (0) 36 35/6 00 -3 46
Fax: 0039 (0) 36 35/6 00 -5 07
reichenbach@funkwerk.com


 
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Funkwerk AG
Im Funkwerk 5 Kölleda Germany

WKN: 575314; ISIN: 
DE0005753149; Index: HDAX, MIDCAP, CDAX, Prime All Share, TECH All 
Share;
Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime 
Standard in Frankfurter Wertpapierbörse, 
Freiverkehr in Börse Berlin, Freiverkehr in Bayerische Börse München, 

Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, 

Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr 
in Niedersächsische Börse zu Hannover;
http://hugin.info/132370/R/1267559/279717.pdf


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