ItN Nanovation AG / Key word(s): Final Results 28.05.2014 16:57 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Saarbruecken - 28th May, 2014. ItN Nanovation AG (ISIN DE000A0JL461) has increased its turnover in 2013 compared to the previous year and significantly improved the group's consolidated earnings. The positive development would be more noticeable, had the order of Buraydah North been effective as turnover by December 31, 2013 and correspondingly been recognized as profit, which will now be the case in 2014. For the first time, ItN Nanovation group has used the International Financial Reporting Standards (IFRS) for its financial statement for 2013. Correspondingly, a group statement according to IFRS was prepared for 2012, whose numbers deviate slightly positively from the published HGB statement of ItN Nanovation. The turnover was partly attributed to other periods in the IFRS statements: Turnover forecast for the business year of 2013 had to be attributed to previous business years according to the IFRS standard. The ItN Nanovation group generated overall revenues of 3.4 million Euros in the business year 2013, which is an increase of 12 per cent compared to the previous year's value of 3.0 million Euros. Turnover exceeded the previous value by 13 per cent with 2.6 million Euros. The most significant increase was recorded, as expected, for the water filtration division whose turnover rose by 41 per cent compared to the level of the previous year. Despite increasing turnover, the operating expense of the group was further reduced significantly by nearly 24 per cent compared to the previous year. Correspondingly, the operating result of 2013 improved by 2.6 million Euros to -3.9 million Euros, compared to -6.4 million Euros in the previous year. The group's result improved from -6.4 million Euros to -4.7 million Euros. ItN Nanovation AG expects a strong increase in turnovers for the coming years. While this increase might be subject to considerable fluctuations in 2014 and 2015, turnovers are expected to gradually reach a continuous upwards course. The financial statement for 2013 and the annual report for 2012, containing the IFRS group statement, are available for download in the "Investors" area of the company's website: www.itn-nanovation.com. ItN Nanovation AG The Board of Management 28.05.2014 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: ItN Nanovation AG Untertürkheimer Straße 25 66117 Saarbrücken Germany Phone: +49 (0) 681 / 50 01 - 460 Fax: +49 (0) 681 / 50 01 - 499 E-mail: [email protected] Internet: www.itn-nanovation.com ISIN: DE000A0JL461 WKN: A0JL46 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München End of Announcement DGAP News-Service ---------------------------------------------------------------------------