Press Release
AWD initiates restructuring programme – all cost components to be examined 05.05.2009 | 2009
- Total revenue of €133.4 million
- Positive, stable development of new customers in Germany
- 140,400 customers advised – 40,400 new customers gained
- Efficiency check-up initiated
- Sponsorship of AWD Dome in Bremen, DFB-Cup and football club in Frankfurt to be
- ended
Hanover, 5 May 2009 (AWD Holding AG) – Private customers’ unchanged strong focus on liquidityoriented investments affected the development of the AWD Group in the first quarter of 2009 more than had been anticipated. Above all in the United Kingdom and Austria, business developments were disappointing in the months of January to March 2009. In a difficult market environment, however, the up-front business in the Germany region was encouragingly stable. Revenue in Switzerland increased slightly. The AWD Group’s total revenue in the period under review amounted to €133.4 million (-21.3%). The unexpectedly sharp drop in Group revenue had a negative effect on earnings. First-quarter EBIT amounted to minus €6.0 million, and was thus significantly below the result for the prior-year quarter of plus €19.2 million. The net loss for the period under review amounted to minus €5.5 million (Q1 2008: net profit of €14.1 million).

Press Release (05.05.09, 72 Kb, PDF)




