Arbon, 1 March 2016 – Group revenue for the 2015 financial year was CHF 941.4 million, a decrease of 7.5%, 4.4% adjusted for currency and acquisition effects, compared with the previous year (CHF 1 017.4 million). EBITDA fell from CHF 78.3 million to CHF 26.6 million, which was primarily down due to special effects, most notably restructuring provisions. Excluding one-off items, AFG achieved an EBITDA of CHF 56.7 million as expected (previous year CHF 79.7 million). Due to impairments on goodwill, intangible assets and property, plant and equipment in the Building Envelope and Building Technology Division as well as in the Special Doors Business Unit amounting to CHF 144.8 million, EBIT with special effects was CHF -158.4 million (previous year CHF 33.4 million). Excluding special effects, EBIT fell from CHF 36.9 million in the previous year to CHF 16.5 million. For 2015, AFG is reporting a Group loss of CHF 177.1 million (profit of CHF 15.1 million in the previous year).
Alexander von Witzleben
Chairman of the Board of Directors and interim CEO