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Engel East Europe NV (KBE)

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Thursday 05 March, 2009

Engel East Europe NV

Trading Statement

RNS Number : 4195O
Engel East Europe N.V.
05 March 2009

Engel East Europe N.V

Further Trading update for the year ending 31 December 2008

THURSDAY, 5 March 2009 -- Further to the announcement made on December 2008, the board of Engel East Europe N.V. ('Engel' or 'the Company') now expects to report a small operating loss for the year ended 31 December 2008.  In addition, the directors expect to report an increased loss before taxation compared with the previous year largely as a result of foreign exchange losses arising from the depreciation of local Eastern European currencies against the Euro and increased financial expenses arising from a higher net debt position during the year.

The Company expects to make a full announcement of its preliminary results for the year ended 31 December 2008 shortly. 



Engel East Europe N.V.

Tel: +972 (9) 970 7004

Sam Salman

Samuel Hibel

Libertas Capital Corporate Finance Limited

Tel: +44 (0) 20 7569 9650

Sandy Jamieson

Bankside Consultants

Tel: +44 (0) 20 7367 8888

Simon Bloomfield or Andy Harris

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