Bastei Lübbe AG, DE000A1X3YY0

Bastei Lübbe AG, DE000A1X3YY0

07.11.2017 - 10:05:03

Bastei Lübbe AG announces unplanned write-down on intangible assets of its subsidiary oolipo AG

Ad hoc disclosure in accordance with section 17 MAR

Bastei Lübbe AG announces unplanned write-down on intangible assets of its subsidiary oolipo AG

Cologne, 7. November 2017. Bastei Lübbe AG undertakes an unplanned write-down on intangible assets of its subsidiary oolipo AG. The non-cash write-down will extraordinarily impact the EBIT in the second quarter of the current financial year in the amount of approximately EUR 3 million.

The streaming platform for reading content, developed with considerable financial efforts, has far from reached the expected and necessary user numbers. Over the next months, the Management Board will consider the possibility of differently using or exploiting the technology developed for this purpose.

07-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Bastei Lübbe AG Schanzenstraße 6 - 20 51063 Köln

Germany Phone: 02 21 / 82 00 - 0 Fax: 02 21 / 82 00 - 1900 E-mail: investorrelations@luebbe.de Internet: www.luebbe.de ISIN: DE000A1X3YY0, DE000A1K0169 WKN: A1X3YY, A1K016 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

625767  07-Nov-2017 CET/CEST

@ dgap.de

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