Hergiswil (Switzerland), 25 January, 2007
ALSO-Group: Profit warning
ALSO: Consolidated financial results negatively affected by GNT

ALSO Group, active in wholesale and logistics services for information and communication technology products as well as consumer electronics, reports estimated consolidated net income for the financial year 2006 in the range of CHF 11 –- 13 million. This profit is below the range of CHF 15 – 17 million published in October and is due to a loss of GNT-Group in the low double - digit million region for the fourth quarter 2006. ALSO Group net income excluding consolidation of GNT rose to about CHF 23.8 million, which is 39% higher than last years figure.

ALSO Group finished the financial year 2006 in its core business in Switzerland and Germany substantially better than expected. Finnish GNT Group however, which ALSO acquired effective 31st August 2006, expects a loss in the low double-digit million region for the period 1 September to 31 December 2006 due to lower margins partly related to stock clean-out, higher costs, and valuation issues. As a consequence, the estimated consolidated net income 2006 for ALSO Group will be CHF 11 – 13 million, which is lower than the range of CHF 15 – 17 million published in October. ALSO Group net income excluding consolidation of GNT rose to about CHF 23.8 million, which is 39% higher than last years net income. Details about the consolidated financial statements will be given at the annual results media conference, February 19, 2007, at Park Hyatt Hotel Zurich, start 10.30 am Swiss time.

Contact person:
Thomas C. Weissmann, Chairman and CEO ALSO Holding AG, Tel. +41 41 266 18 02