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DGAP-News: COR&FJA AG / Key word(s): Quarter Results COR&FJA AG: COR&FJA publishes nine-months report for 2013

28.11.2013 / 09:23

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COR&FJA publishes nine-months report for 2013

(Leinfelden-Echterdingen, 28 November 2013) - In the first nine months of the 2013 financial year, COR&FJA AG generated aggregate turnover of 95.1 million euros (30 September 2012: 101.6 million euros) and earnings before interest, taxes, depreciation of property, plant and equipment and amortisation of intangible assets (EBITDA) of -5.7 million euros (30 September 2012: -1.1 million euros).

Cash flow from operating activity developed positively, increasing sharply compared with the corresponding period last year to 10.3 million euros (30 September 2012: -5.3 million euros). At the end of the third quarter in 2013, COR&FJA's workforce comprised 1,118 employees in total (30 September 2012: 1,210 employees).

From an overall perspective, the company's economic development in the reporting period fell considerably short of expectations. The key factors contributing to this development have been the persistently subdued volume of business with existing customers and longer preliminary stages for new acquisitions, which are a consequence of the general market situation. In addition, quite a number of employees are currently being retrained for jobs in other areas due to the company's strategic reorientation and it is therefore not possible to invoice this work.

In conjunction with the one-off expenses reported through profit and loss that resulted from the sale of the subsidiary COR&FJA Banking Solutions GmbH in the financial year 2013, a further reduction in the earnings forecast for the current year had to be announced just a few days ago.

This reveals that earnings before interest, taxes, depreciation of property, plant and equipment and amortisation of intangible assets (EBITDA) are now expected to more or less break even, while the forecast for aggregate turnover in 2013 has been adjusted to 133.0 million euros. Subject to the occurrence of the conditions precedent, the sale of COR&FJA Banking Solutions GmbH will nevertheless lead in total to a considerable deconsolidation sum that is likely to be realised in 2014.

Despite the recent change in the forecast, COR&FJA is cautiously optimistic about the current financial year and about the company's further development. This is because the sale of its Banking segment will enable COR&FJA to virtually complete its previously announced strategic corporate reorientation. In Europe, the company is henceforth going to concentrate on its core business of developing and marketing standard software solutions for life insurance companies. In the past, COR&FJA has achieved its greatest successes and generated a large part of its outstanding reputation with customers in this business segment.

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PRESS RELEASE: COR&FJA AG: COR&FJA publishes nine-months report for 2013

DGAP-News: Gigaset AG / Key word(s): Product Launch Gigaset AG: A new player on the tablet market

28.11.2013 / 11:16

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Gigaset: A new player on the tablet market

Munich, November 28, 2013 - The global tablet market is growing at a rapid pace: the figure was around 60 percent last year alone. Gigaset is now entering this growth market with two new Android-based premium tablet models in an 8' and 10.1' format, thus completing the next stage in widening its 'Gigaset 2015' strategy.

'Gigaset stands for communication! We have done so for years with our premium DECT phones or recently with our connected living system Gigaset elements and the SL930A full-touch Android phone. And soon we'll be following that up with two high-quality tablets that underscore our mission to deliver first class communication tools for the networked home, too,' says Gigaset CEO Charles Frnkl.

Tablets for everyone - for first-time users or high performance The Gigaset QV830 and QV1030 are the two new 8' and 10.1' tablet models with which Gigaset wants to enter the market. Additional attractive models will follow in 2014. .

The compact 8' format impresses with its up-market, meticulous finish and high quality of its materials - anodized aluminum for the housing's rear and especially scratch-resistant display. The tablet uses a high-speed Wi-Fi connection and is ideal for surfing, shopping, chatting, checking e-mails and a thousand other things that apps from 'Google Play' enable.

The large high-performance display of the 10.1' tablet with its 2560x1600 pixels and 300 dpi is crisper than the resolution of the human eye. Movies, photos and gaming can be enjoyed in HD quality - those are the strengths of the new high-performance tablet. The tablet also impresses with a powerful quad-core processor (1.8 GHz Nvidia T40S Cortex A15), stereo sound and 8-megapixel camera with dual-LED flash. Both tablets use Android 4.2.2., known as Jelly Bean, as the operating system.

'Our goal is also to offer our customers with these tablets Gigaset's customary pledge of premium products at top-class prices,' says Maik Brockmann, CSO of Gigaset AG. 'Attractive design and a high-quality, powerful interior guarantee the success of our two QV830 and QV1030 models.'

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PRESS RELEASE: Gigaset AG: A new player on the tablet market

DGAP-News: DIC Asset AG / Key word(s): Capital Increase Capital Increase of DIC Asset AG Successfully Completed

28.11.2013 / 11:58

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Press Release This information is not intended for publication in the United States of America, Canada, Japan or Australia.

Frankfurt am Main, 28 November 2013.

Capital Increase of DIC Asset AG Successfully Completed

- Gross issuance proceeds of approx. EUR 100 million

- Subscription rate of 98.95 percent

- Hller: 'Investors are showing their faith in the corporate strategy.'

DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) successfully completed its capital increase. 98.95 percent of the subscription rights were exercised by the holders of such rights, who subscribed for 16,450,729 new shares at a subscription price of EUR 6.00 per new share. The 202,203 remaining new shares not subscribed on the basis of the subscription offer were sold.

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PRESS RELEASE: Capital Increase of DIC Asset AG -2-

DGAP-News: DIC Asset AG / Key word(s): Capital Increase Capital Increase of DIC Asset AG Successfully Completed

28.11.2013 / 11:58

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Press Release This information is not intended for publication in the United States of America, Canada, Japan or Australia.

Frankfurt am Main, 28 November 2013.

Capital Increase of DIC Asset AG Successfully Completed

- Gross issuance proceeds of approx. EUR 100 million

- Subscription rate of 98.95 percent

- Hller: 'Investors are showing their faith in the corporate strategy.'

DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) successfully completed its capital increase. 98.95 percent of the subscription rights were exercised by the holders of such rights, who subscribed for 16,450,729 new shares at a subscription price of EUR 6.00 per new share. The 202,203 remaining new shares not subscribed on the basis of the subscription offer were sold.

More here:
PRESS RELEASE: Capital Increase of DIC Asset AG Successfully Completed

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Steve Kamb decided he wanted to travel the world for as little money as possible. This map is his travel plan: 35,000 miles, visiting four continents, nine countries and 15 cities for just $418. Here's how he got it:

"I have to tell you sir, this is easily the most ridiculous itinerary I've ever put together," said the American Airlines operator the other night as I finalized plans for a worldwide adventure that would make Marco Polo blush. "Well, that makes two of us!" I replied.

And just like that, I had committed myself to almost nine months of international travel.

Yes, that picture above is my actual itinerary.

Beginning this January, I'll start an epic journey that will take me across four continents, through at least nine countries, and into more than fifteen cities. I'll fly on fifteen flights covering a total distance of 35,000 miles. To put that in perspective, that's almost 1.5 times the circumference of the globe. While visiting these locations, I should be able to cross off over a dozen goals from my Epic Quest of Awesome.

Oh, and all of these flights are costing me a grand total of $418.36.

Although I plan to get to Sydney much sooner should a flight open up (and in turn extend some of my SE Asia stops), here is my rough itinerary for 2011:

The Rock Boat Jan 6 10 Los AngelesJan 14 Feb 13 Sydney, Australia Feb 15-20 Auckland, New Zealand Feb 20 Mar 20 Brisbane, Australia Mar 20 Apr 9 Alice Springs, Australia Apr 9 12 Perth, Australia Apr 12 14 Singapore, Malaysia Apr 14 16 Bangkok, Thailand Apr 16 May 9 Hong Kong May 9 12 Shanghai, ChinaMay 12 22 Tokyo, Japan May 22 May 27 San Francisco May 26 Jun 3 (yes I go back in time on the flight home) Portland Jun 3 7 (World Domination Summit!) Boston/Atlanta Jun 8 Jul 30 Chicago Jul 30 Aug 4 Dublin, IrelandAug 5 Sep 2 Madrid, Spain Sep 2 Oct 10 Buenos Aires, Argentina? Oct 15 Nov 30 (not booked yet, but I still have enough miles to make it happen).

Unreal, right? If I were to pay for this adventure with cash and book individual flights, it would cost almost $6,000 (using the cheapest option for each leg on Expedia.com). The best part is, the dates of this adventure aren't set in stone as long as I don't change WHERE I'm going, I can change the date and time of each stop without penalty.

Continued here:
How to Travel Around the World for $418