DGAP-News: Joyou AG / Key word(s): Quarter Results Joyou AG continues along its path of growth in 2013 15.11.2013 / 08:26 --------------------------------------------------------------------- 9M 2013 Report Joyou AG continues along its path of growth in 2013 - Revenues increased to EUR 267.5 million, a growth of 8.7% compared to 2012 - EBIT grew from EUR 37.0 million to EUR 41.1 million, bringing EBIT margin up to 15.4 % - International Sales increased strongly by 16.9% to EUR 26.4 million Hamburg, November 15, 2013. Joyou AG, a leading bathroom solution supplier in China, achieved improved financial results in the third quarter of 2013. Despite the still difficult business environment, the group revenues growth momentum has improved. Revenues rose in the first nine months of 2013 to EUR 267.5 million, an increase of 8.7% in EUR terms or 8.5% in RMB terms. Sales abroad increased strongly by 16.9% to EUR 26.4 million, while the domestic sales grew by 7.9% to EUR 241.1 million. Along with the positive sales development, Joyou managed to improve the operating profit margin. Due to tighter cost control, especially in regards to administrative, selling and distribution expenses, the operating profit (EBIT) rose to EUR 41.1 million (9M 2012: EUR 37.0 million). The equity position at the end of the reporting period on September 30, 2013 reached EUR 355.7 million representing an equity ratio of 64.8% This makes the management confident regarding Joyou's debt capacity and the further growth. Going forward, Joyou will continue to focus on increasing sales per store, international sales and the expansion of the project business. The full 9M 2013 Report of Joyou AG is available on the website at www.joyou.com. About Joyou Joyou (ISIN DE000A0WMLD8, WKN A0WMLD, Ticker Symbol JY8) designs, produces and mainly sells products for the entire bathroom solution in China under its brand name 'Joyou' and is also engaged as a OEM/ODM-manufacturer for international brands and trading companies in the United States and Europe as well as other emerging markets, as well as Joyou branded international sales. In 2011 Joyou was one of the leading single-brand manufacturers of bathroom, and other faucets in China in terms of revenues (according to BSRIA's China Bathroom Study 2011). Joyou has established an extensive distribution network in China with over 4,000 franchised retail stores as of 31 December 2012. Joyou's operating facilities are based in Nan'an near Quanzhou in Fujian Province in China. Joyou mainly sells under its own brand name and has the following nine product groups in its business portfolio: Bathroom Faucets, Kitchen Products, Shower Products, Ceramics and Bathtubs, Bathroom Cabinets, Bathroom Accessories, Other Faucets and Sanitary Hardware, Copper and Semi-Finished Components, Grohe Products. In 2012, Joyou realised group revenues of 329.6 million Euros, an operating profit (EBIT) of 50.8 million Euros and a net profit of 39.8 million Euros. For further information, please contact: Joyou AG Gasstraße 18, Haus 6A 22761 Hamburg Ian M. Oades, tel.: +86-595-8618 8887, [email protected] Kirchhoff Consult AG Jens Hecht, tel.: +49 40 60 91 86 0, [email protected] or visit the company website at: http://www.joyou.com Disclaimer concerning prognoses This communication contains forward-looking statements. Forward-looking statements are statements that are not historical facts instead they reflect Joyou's current views and expectations and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialise or if the assumptions underlying any of Joyou's forward-looking statements are proving to be incorrect, Joyou's actual results may be materially different from those expressed or implied by such forward-looking statements. Joyou does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. End of Corporate News --------------------------------------------------------------------- 15.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Joyou AG Winterstraße 4-8 22765 Hamburg Germany E-mail: [email protected] Internet: www.joyou.de ISIN: DE000A0WMLD8 WKN: A0WMLD Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 240093 15.11.2013