ad hoc

SKW Stahl-Metallurgie Holding AG : Preliminary Results Q1-2014

Unterneukirchen (Germany), April 30, 2014. SKW Stahl-Metallurgie Holding AG, Unterneukirchen (Germany), ISIN DE000SKWM021, reached – according to preliminary IFRS Group figures – in the first quarter of 2014 revenues in the amount of EUR 83.9 million (first quarter 2013: EUR 87.8 million) as well as earnings before interest, taxes, depreciation, and amortization (EBITDA) in the amount of EUR 3.0 million (first quarter 2013: EUR 5.0 million). The net loss for the period amounted to EUR 2.4 million (first quarter 2013: net profit for the period in the amount of EUR 0.7 million); the earnings per share (EPS) amounted to EUR -0.20 (first quarter 2013: +0.19). The main reason for the decrease in EBITDA is a reduction in the net currency result by EUR 2.3 million; the main reasons for the decrease in the net result for the period and in EPS are the reduced EBITDA as well as increased tax expenditure.