H&R AG provided earnings guidance for the year 2014. In H&R Aktiengesellschaft's opinion at this time, the company - due to the extremely fast fallen crude oil prices -will not be able to realize its latest earnings forecast (EBITDA) for the year 2014. Pursuant to the rapidly declining oil prices the company's result will be significantly burdened in the fourth quarter of 2014.

Assuming a stabilization of crude oil quotations at the current level, and based on current knowledge, the Management Board expects this effect on earnings to burden operating profits in fourth quarter 2014 up to a high single-digit million amount, despite good sales figures and adequate margins on products which have already been sold. Accordingly, the Board believes that the above-mentioned negative effect will exceed the expected good operating performance of H&R AG. The projected EBITDA "significantly above the previous year's figure" of EUR 32.6 million, is - based on the recent status - no longer accessible.

The Management Board rather expects, based on the previous assumptions, that EBITDA for the full year 2014 will be approximately in the range between EUR 29 million to EUR 33 million. With stable crude oil prices without the extreme direction of the last few months and a stable global economic environment, the Board expects the company to show a solid earnings development in the next few months.