DGAP-Ad-hoc: Aumann AG / Key word(s): Miscellaneous 
Aumann AG: Aumann decides to adjust capacity due to weak demand in the 
automotive industry 
 
15-Dec-2020 / 11:35 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
Beelen, 15 December 2020 
 
With the agreement of the Supervisory Board, the Executive Board of Aumann 
AG ("Aumann", ISIN: DE000A2DAM03) today has decided on further measures to 
optimize the company's cost structure and production depth as well as to 
adjust capacities to the significantly weaker demand in the automotive 
industry. For Aumann's German production sites in Beelen, Espelkamp and 
Limbach-Oberfrohna the decision was made to reduce the overall headcount by 
around 200. All three sites are affected to a similar extent. For Beelen and 
Espelkamp, negotiations with the workers' council will be started in due 
course. In addition to the personnel measures already undertaken in the 
current financial year, including the closure of the Hennigsdorf site, this 
results in a reduction to around 750 employees during the course of the 2021 
financial year. Through these extended measures, Aumann sees itself flexibly 
positioned for the current market environment as well as for a recovery in 
demand. 
 
Provisions of presumably &euro8.5 million will have to be formed in 
connection with the reduction in headcount, which will burden the 2020 
financial year results. Adjusted for this year's one-of charges, which are 
especially related to the closure of the Hennigsdorf site and the further 
steps that were decided today, management continues to expect a slightly 
positive EBITDA margin for the current financial year. 
 
Aumann AG 
Dieselstrasse 6 
48361 Beelen 
Germany 
www.aumann.com 
 
The Executive Board 
Rolf Beckhoff (CEO) 
Sebastian Roll (CFO) 
 
The Supervisory Board 
Gert-Maria Freimuth (Chairman) 
Christoph Weigler 
Dr. Christof Nesemeier 
 
Court of registration 
Münster Local Court, register number: HRB 16399 
 
*For further information, please contact* 
 
Investor Relations 
André Schütz 
+49 2586 888 7807 
ir@aumann.com 
 
15-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Aumann AG 
             Dieselstraße 6 
             48361 Beelen 
             Germany 
Phone:       +49 (0) 2586 888-7800 
Fax:         +49 (0) 2586 888-7805 
E-mail:      info@aumann.com 
Internet:    www.aumann.com 
ISIN:        DE000A2DAM03 
WKN:         A2DAM0 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 1155250 
 
End of Announcement DGAP News Service 
 
1155250 15-Dec-2020 CET/CEST

(END) Dow Jones Newswires

December 15, 2020 05:35 ET (10:35 GMT)