EANS-Adhoc: Hoeft & Wessel AG anticipates substantial loss for 2011

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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annual report

10.02.2012

- Revaluations lead to non-recurring write-down - New CEO will now
lay the foundations for positive business development - Return to
positive earnings territory expected as early as 2012

Hannover/Germany, 10/02/2012. In the fourth quarter of 2011, the
Hoeft & Wessel Group did not match the previous year's good
development. For this reason, according to preliminary estimates,
sales revenues in fiscal 2011 are expected to decline to approx. EUR
88 million. Projects postponed until 2012 and lower revenues than
planned led to a negative operating result of approx. EUR -3,2
million before non-scheduled depreciation. No dividend can therefore
be paid out for the financial year 2011. In contrast, the operating
cash flow will turn out positive according to preliminary figures.

After business development for 2011 did not turn out satisfactory,
with its new CEO Michael Hoeft at the helm Hoeft & Wessel will now
lay the foundations for a sustainable, positive business trend for
the following years.

In this context, revaluations essentially relating to balance sheet
line items such as capitalised company-produced additions to plant
and equipment and inventories in the Skeye segment led to a
non-recurring write-down of approx. EUR 4,5 million and will create
the preconditions in accounting terms for improved business results.

The founder and principal shareholder, Michael Hoeft, had recently
returned to the Board of Management, of which he is now the Chairman.
Under his management, thanks to new organisational structures for
example the prerequisites are to be created for a sustainable,
profitable business development. These measures are to already become
effective during the current financial year; accordingly, Hoeft &
Wessel AG assumes it will generate in fiscal 2012 slightly higher
sales revenues than in the previous year and a moderately positive
operating result.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: IR@hoeft-wessel.com

end of announcement euro adhoc
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issuer: Höft & Wessel AG
Rotenburger Str. 20
D-30659 Hannover
phone: +49-511-6102-0
FAX: +49-511-6102-411
mail: ir@hoeft-wessel.com
WWW: http://www.hoeft-wessel.com
sector: Technology
ISIN: DE0006011000
indexes: Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English