Translation of "Jahresendgeschäft" in English

Our good business performance is, however, attributable to our generally strong end-of-year business.

The strong end to 2013 and negative currency effects also impacted on the first quarter.

The visitor from the financial services sector complained about massive IT failures in the middle of the year-end business.

We expect strong end-of-year business and are confident about achieving our objective for the year.

Year-end business is action-driven, and the trade depends on finely adjusted and accurately timed delivery prior to events.

The company increased its marketing expenditure significantly in the third quarter 2015 which lays the foundation for a strong year-end business.

According to a current survey of the industry association SOMM – Society Of Music Merchants e. V., just under three quarters of the German specialized music retail trade believe to be well-positioned and look positively into the Christmas and end-of-year sales.

As a consequence, additionally to the strong year-end business with a high number of CHP plant projects finalized, a high order book position was carried forward into the new 2019 year.

For the fourth quarter, Funkwerk expects all three business segments to see a significant increase in sales and earnings due to backlog effects resulting from project delays in the previous quarters and good end-of-year business based on current indications.

After a successful third quarter in 2016, we expect weaker business at year-end due to the significant increase in price pressure and numerous project delays in the EMEA and North American regions," explained SMA Chief Executive Officer Pierre-Pascal Urbon.

Traditionally, sales and income trends are significantly better in the fourth quarter than the other quarters, given that the year-end business is highly relevant to GfK clients' opera- tions.

The Business Segment Advisory, which reflects the classic distribution channel of JDC Group, developed promising as well, closing the year with very good business performance.

We expect year-end business to be strong, but not to repeat the high levels achieved in the second quarter", was Chief Executive Officer Dr. Andreas Hänel's comment on development of business over the remainder of the year.

For example, the strong year-end business in 2018 led to a rise in second-quarter royalty income revenues of USD 5,646 or 15% compared to the previous year.

The company benefited from a high level of demand in the2015 financial year in all target markets and from particularly strongyear-end business.

But now there is a fresh novelty in the imcopex-Webshop: so that our customers can reach the end of the business year swinging, imcopex has calculated the prices new and reduced them over again.

Although the year-end business in the company is on the agenda, projects have to be completed and Christmas preparations in the family are in full swing, timely planning and sensible conception create room for manoeuvre.

Traditionally characterized by particularly strong year-end business, the Defense & Security segment generated sales of EUR4,633k in the first half of 2019, down just EUR1,014k on the same period of the previous year (H1/2018: EUR5,647k).

Intensive expansion of the product portfolio in the 3rd quarter will deliver products for the company's end-of-year business and strengthen its market position in this segment.

The management expects strong year-end business for the fourth quarter and is therefore confirming the forecast for 2018 as a whole that was published previously, with revenue of between EUR 93 million and EUR 98 million and an EBIT-Margin of between 13 % and 15 %.

Thus, due to strong year-end business, the company was able to reach the target result for full year of almost 10 mill. Euro, as indicated in its latest forecast.

The Defense & Security segment, traditionally a year-end business, doubled its sales from EUR 4.83 million in the prior year to EUR 10.01 million in 2018.

So we have an end-of-year business but have to be flexible enough to operate counter-cyclically as well.

The smart software- and service solutions for easy, unlimited portfolio expansion are thus to trade in DACH and Benelux in time for the year-end performance available.

Our outstanding end-of-year business in 2018 meant we suffered slight drops in revenue in the first quarter of 2019," said Klaus Weßing, CEO of Gigaset AG.

We expect year-end business to be strong, but not to repeat the high levels achieved in the second quarter”, was Chief Executive Officer Dr. Andreas Hänel’s comment on development of business over the remainder of the year.

Due to the strong year-end business, the operating result (EBIT) finished at 10.1 mill. Euro (2005: 17.1 mill. Euro), including 8.5 mill. Euro earned in the last quarter.

Traditionally stronger end-of-year business in the last quarter also made a key contribution to the strong development of these earnings figures.