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| Datum : | 14.05.2014 |
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DGAP-IRE: a.i.s. AG: Interim Report for 14:05:14 - a.i.s. AG further on business diversification |
| Meldung : | a.i.s. AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act] 14.05.2014 14:58 Interim report according to Article 37x of the WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In the first quarter 2014 the a.i.s. AG successfully initiated sale of waste metal scrap which now confirms the position within the waste management business after many years. Trade with nickel and tin could be further developed, while trade in copper turns out to be still difficult due to price erosion and market changes. In particular, in recent days, the copper price has recovered thus a positive market signal for one of our main products looks to be formed. However, sales targets in the first quarter could not be achieved even though the conditions have increased in terms of sustainability of the business because of the additional commercial products. Within the first quarter sales of TEUR 462. -have been achieved, leading to a result of TEUR -40 . - . The business needs additional market activities, from customer and the supplier side, as to enable and develop advanced internal distribution structures around it. Through the measures introduced, potential should impact according to our expectations for the second half of the year. However, the cross-border EU trade in goods remains a significant barrier to trade, as long as different national sales tax rates apply within the European Community. As previously announced, the company wants to position itself through technology partners and joint market activities to dispose of various application methods for our customers within the Waste to Power strategy. During the reporting period, a.i.s. AG started working with a technology company, whose products enable the conversion of residual waste (solids) in oil. Energy trading was further processed with regard to foreign partners. New trading partners could be identified which will support the future business with gas. The further development in the energy sector will now depend on the accepted capital measures (5MEUR) and investment planning. In this regard, the company has developed a financing concept. It provides for the issuance of convertible bonds and shares several steps and was approved by the Supervisory Board. The concept has also been submitted to the supervisory authority requesting some adaptations. The current policy in and around East Europe promotes currently the financing of our biogas project. There are several agreed financing approaches in process and negotiations in an advanced state. We now believe that a conclusion can be expected soon . The a.i.s. AG has thus directed in the last reporting period 's activities in the diversification of its offer and in the expansion of its market. We expect and now put on the successes that will bring the capitalization of the AG to improve the profitability and the diversification of products. --------------------------------------------------------------------------- Language: English Company: a.i.s. AG Auf der Aue 9 69488 Birkenau Germany Internet: http://www.ais-ag.info End of Announcement DGAP News-Service --------------------------------------------------------------------------- |
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