1 PFLEIDERER AG NINE-MONTH FINANCIAL REPORT 2007

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Report on the First Nine Months Ended September 30, 2007 • Pfleiderer continues on growth path • Consolidated revenues rise 28.7% in the first nine months of 2007 to €1,340.9 million • EBITDA increases 27.4% to €183.9 million despite high one-time costs of €9.7 million – EBITDA margin reaches 13.7% • Normalized EBITDA (i.e. adjusted for one-time costs) climb 33.5% to €192.6 million • Earnings per share from continuing operations up from €0.52 to €0.57 • Pergo integration in North America fully on schedule – substantial synergy effects foreseeable • Outlook for 2007 remains positive: Consolidated revenues of €1.9 billion and EBITDA of €240 million to €250 million expected • Further growth and margin improvement forecasted for 2008 The Pfleiderer Group: Summary of key figures as of September 30, 2007 (in accordance with IFRSs) Jan. 1 – Sept. 30, 2007 Jan. 1 – Sept. 30, 2006 July 1 – Sept. 30, 2007 July 1 – Sept. 30, 2006 192,565 144,299 33.5 66,196 54,237 Delta € thousands (%) Revenues 1,340,868 1,041,534 28.7 454,706 362,278 EBITDA 183,852 144,299 27.4 62,870 54,237 Normalized EBITDA (i.e. adjusted for onetime costs) EBIT 102,677 89,125 15.2 32,136 35,588 EBT from continuing operations 68,529 54,084 26.7 20,467 28,797 EBT from discontinued operations -360 52,631 -100.7 -178 0 Total EBT from continuing and discontinued 68,169 106,715 -36.1 20,289 28,797 operations Earnings per share from continuing operations (basic) (€) 0.57 0.52 - 0.12 0.30 Earnings per share (basic) (€) 0.55 1.24 - 0.12 0.30 Employees 1) (persons) 5,851 5,134 14.0 • of which in Germany (persons) 2,555 2,568 -0.5 • of which outside Germany (persons) 3,296 2,566 28.5 € thousands Sept. 30, 2007 Sept. 30, 2006 Delta (%) Total assets 1,922,187 1,398,346 37.5 Equity 773,054 517,201 49.5 Equity ratio (%) 40.2 37.0 1) Excluding trainees, relates only to continuing operations 2 PFLEIDERER AG NINE-MONTH FINANCIAL REPORT 2007
Contents 4 Foreword by the Executive Board 6 Interim Group Management Report 6 Business environment 7 Revenues and earnings 8 Net assets and financial position 9 Capital expenditure 9 Employees 10 Segment report 13 Report on post-balance sheet date events 13 Risk report 14 Report on expected developments 17 Pfleiderer Shares 18 Interim Consolidated Financial Statements 3 PFLEIDERER AG NINE-MONTH FINANCIAL REPORT 2007
Page 1: 1 PFLEIDERER AG NINE-MONTH FINANCIA
Page 5 and 6: It is our declared goal to maintain
Page 7 and 8: Sectors) and the Verband der Deutsc
Page 9 and 10: 2006, to €773.1 million at the en
Page 11 and 12: Pfleiderer’s encouraging business
Page 13 and 14: concretized in the form of specific
Page 15 and 16: In contrast to Europe, the situatio
Page 17 and 18: Pfleiderer Shares Pfleiderer share
Page 19 and 20: Balance Sheet of the Pfleiderer Gro
Page 21 and 22: Statement of Changes in Equity of t
Page 23 and 24: North America € thousands Jan. 1
Page 25 and 26: The following subsidiaries were inc
Page 27 and 28: Revenue recognition Revenues are ge
Page 29 and 30: Government grants Government assist
Page 31 and 32: The financial assets reported as lo
Page 33 and 34: The stock options allow Pfleiderer
Page 35 and 36: shareholders is expected to be comp
Page 37 and 38: 10. Repurchase of own shares to ser

1 PFLEIDERER AG NINE-MONTH FINANCIAL REPORT 2007

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