DGAP-Ad hoc: ifa systems AG

The management board of ifa systems AG announces preliminary and not yet audited IFRS group figures for the financial year 2016: The turnover in the financial year 2016 of EUR 8.9 million (previous year EUR 8.3 million) reaches the projected level. The preliminary operational result (EBIT) amounts to presumably EUR -2.2 million (previous year EUR +2.7 million) and the expected financial result EUR -2.1 million (previous year EUR - 32.000). The change of the results situation is strongly influenced by changed market expectations for individual projects of ifa group resulting in depreciations of capitalized development costs in the amount of approx. EUR 3.3 million and depreciations on parts of the financial assets of approx. EUR 2.1 million. These depreciations are based, among other things, on changes in the market strategy of the cooperation partner and majority shareholder Topcon. Additionally, provisions for restructuring measures (approx. EUR 0.9 million) had to be built in this context.

The management board believes that these balance sheet measures form a comprehensive and also sufficient basis in order to successfully realign the group.

The first half of 2017 will presumably reach an overall turnover (IFRS group figures) of approx. EUR 4.4 million (previous year EUR 5.4 million). The preliminary operational result (EBIT) will be approx. EUR -1.5 million (previous year EUR +0.8 million).

Publication of the financial statements with the final results for the financial year 2016 and the interim report as of 30 June 2017 is scheduled for end of August 2017.

Contact (informing person):

Jörg Polis
Chairman of the Management Board