Ad-hoc announcement in compliance with § 15 WpHG

1. As previously published, euromicron AG has corrected the valuation errors made in previous fiscal years by making an adjustment to equity with no effect on profit and loss in its 2014 consolidated financial statements. As a consequence of this, adjustments must also be made to the comparative figures for 2014 that were published in the quarterly financial statements and in the half-year consolidated financial statements for 2015 (the “interim financial statements”). The audited and published consolidated financial statements for 2014 are not affected by this because these are only corrections to the comparative figures for 2014 that are fully offset for the year 2014 as a whole.

Due to the adjustments made in the respective interim financial reports for 2015, the effects of corrections previously presented in their entirety in the results for the fourth quarter of 2014 are now presented for the appropriate period in the results of the respective quarter of 2014. This does not result in any changes in the results for the full year 2014.

2. Furthermore, the company has corrected its comparative figures for the previous year 2014 in its 2015 interim financial statements due to flat-rate accruals that were formed. These accruals do not correspond with the basic principles of determining results for specific periods and are therefore considered to be errors in the sense of IAS 8 just like the corrections made in clause 1. The correction of these errors also results in changes to the comparative figures contained in the income statement for 2014 in the interim financial statements for fiscal year 2015. These corrections do not have any effect on the annual results for 2014 or on the company’s equity because they pertain to year-to-date accruals that are fully offset for the year as a whole.

The correction of the errors described in clauses 1. and 2. results in the following adjustments to the comparative figures for 2014 in the interim financial statements for 2015 for the important key figures Sales and EBITDA:

Overview of effects of corrections in Q1-Q4 2014

	Sales before corrections	Adjustment 2014 IAS 8 correction project valuation	IAS 8 correction quarterly accrual	Sales after corrections
cumulative	kEUR	kEUR	kEUR	kEUR
per 31/03/14	80,073	269	-4,628	75,714
per 30/06/14	162,194	668	-3,980	158,882
per 30/09/14	246,590	778	-3,900	243,468
per 31/12/14	346,338	0	0	346,338
	EBITDA before corrections	Adjustment 2014 IAS 8 correction project valuation	IAS 8 correction quarterly accrual	EBITDA after corrections
cumulative	kEUR	kEUR	kEUR	kEUR
per 31/03/14	4,880	304	-2,510	2,674
per 30/06/14	10,503	756	-5,547	5,712
per 30/09/14	15,203	908	-6,350	9,761
per 31/12/14	21,149	0	0	21,149

By correcting the errors described above, the new Executive Board has now completed restating the financial statements for previous years. Appropriate measures have been taken to ensure that these types of errors do not occur again in the future.

The main operational figures for the first quarter of 2015 are as follows:

Group sales amounted to approx. EUR 74.6 million compared to the corrected value of EUR 75.6 million for the first quarter of 2014. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to approx. 0.8 million as of March 31, 2015, after a corrected value of EUR 2.7 million in the respective previous year’s period. This decline can mainly be attributed to one-off effects from severance payments and higher structure costs, reduced capitalized own work and a slight increase in the materials usage ratio compared to the same quarter of the previous year.

Due to the positive signals that are coming from the market, the Executive Board expects to see the business develop in a stable manner for the year 2015 as a whole and confirms its forecast for the current fiscal year. For fiscal year 2015, the Executive Board expects sales of between EUR 340 million and EUR 360 million, similar to the figure reported in 2014. The operating EBITDA margin is expected to remain at a stable level of between 6% and 8% and between 5% and 7%, taking reorganization measures into consideration. The company will most likely generate a large share of its earnings in the fourth quarter due to its project and customer structure.

The company will publish the complete report on the first quarter of 2015 on June 30, 2015.

euromicron AG (www.euromicron.de) is an all-round solution provider for communications, transport, data and security. euromicron’s network infrastructures integrate voice, video and data transport wirelessly, via copper cable and by means of fiber-optic technologies. euromicron builds leading applications, such as security, control, healthcare or surveillance systems, on the basis of these cutting-edge network infrastructures.

Founded on its expertise as a developer and producer of fiber-optic components, euromicron AG is a strongly growing, highly profitable group that is listed on the stock market, has a medium-sized character and focuses on operational growth, integration and further market penetration, internationalization and expansion.