Asian Bamboo AG / Final Results

30.03.2010 00:01

Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.

Hamburg, 30 March 2010 - Asian Bamboo AG ('Asian Bamboo', 'the Company', ISIN: DE000A0M6M79, ticker symbol: '5AB'), a world-leading producer of bamboo trees and organic bamboo shoots, is pleased to announce the following FY 2009 results:

* Revenue grew 34% year-on-year to EUR 58.6 million (2008=EUR 43.8 million), which is 7% higher than our guidance of EUR 55 million * Revenue per hectare ('ha') was up 11% year-on-year to EUR 2,637 (2008=EUR 2,386) * Adjusted net profit increased 31% year-on-year to EUR 27.8 million (2008=EUR 21.2 million). The adjusted net profit margin was 48% (2008=48%), which is three percentage points higher than our guidance of 45%. The adjusted net profit per shares was EUR 2.16 (EUR 2008=1.66) * Excluding unrealised option expenses, the adjusted net profit was EUR 29.7 million and the adjusted net profit margin was 51% * The Management Board and Supervisory Board will propose a dividend of 30 cents per share, up 50% year-on-year

The solid increase in revenue and adjusted net profit was the result of a 3,862 ha (21%) increase in the size of the company's mature plantations and 11% higher revenue per ha compared to 2008.

Mr. Lin Zuojun, founder and CEO of Asian Bamboo, commented: 'In light of the relatively weak economic environment in 2009, our results show the resilience and stability of our business model. Due to a combination of higher product prices and increasing sales to our partner companies, the performance in the first few months of 2010 has been better than forecast.'

The complete annual report can be accessed on www.asian-bamboo.com (English version) or www.asian-bamboo.de (German version).

Asian Bamboo launches a village development fund

Asian Bamboo also announces the launch of the Xinrixian Village Development Fund ('the Fund'). In order to further co-ordinate and strengthen our Corporate and Social Responsibility activities, the Fund will financially support projects in the regions where the Company operates, with the aim of improving living conditions and quality of life for farmers in the following key areas:

* Provide funding for infrastructure projects * Improving teaching and learning conditions by building and repairing schools * General aid to underprivileged farmers who are unable to work

The Management Board and Supervisory Board have decided to donate EUR 150,000 to the fund in 2010. In the future, donations will be made on an annual basis after taking the Company's profitability and outlook into consideration.

Mr. Lin Zuojun, CEO and founder of Asian Bamboo, commented: 'Ever since we began operating, improving the standard of living among the farmers in the countryside has been one of our key objectives. Following the launch of the Fund, we will further strengthen our activities in this field.'

For enquiries, please contact: Asian Bamboo AG: Peter Sjovall +852-9385 3868 Chief Financial Officer Anja Holst +49-(0)40 37644 798 Investor Relations Manager

30.03.2010 00:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at www.dgap-medientreff.de and www.dgap.de



Language: English
Company: Asian Bamboo AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: +49 40 37644 798
Fax: +49 40 37644 500
E-mail: info@asian-bamboo.de
Internet: www.asian-bamboo.de
ISIN: DE000A0M6M79, DE000A0M6M79
WKN: A0M6M7, A0M6M7
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

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