Aalberts Industries N.V. announces that the company is confronted
with exceptional and unforeseen market circumstances. The situation
on the financial markets and the impact of that on the economic
circumstances are causing a further slowdown in Aalberts Industries'
activities.
Where during the first half of 2008 the different markets were still
characterised by distinctive trends, Aalberts Industries is recently,
particularly the last weeks, confronted with a total slowdown in its
main markets.
Aalberts Industries has reacted by taking measures. The company has
reduced its global workforce in the last months with approximately
650 employees and has taken the exceptional costs.
Aalberts Industries will remain focused on strengthening its market
position in the different markets. The actions taken can however not
compensate the negative impact of the unprecedented market
circumstances. Aalberts Industries expects therefore that in 2008
earnings per share will be 15-20% lower than in 2007.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.