Asian Bamboo AG (fka 5AB)

[Bambooshot]

Asian Bamboo reports strong interim results and confirms guidance
Q1-Q3 2009 results highlights (all numbers compared to Q1-Q3 2008):

• Revenue up 29% to EUR 40.7 million
• Adjusted net profit up 34% to EUR 19.4 million, equivalent to EUR 1.53 per share
• Adjusted net profit margin up 2 percentage points to 48%
• Excluding unrealised costs for stock options, the adjusted net profit was EUR 20.9 million and the adjusted net profit margin was 51%
• The Management Board and the Supervisory Board will propose a dividend of EUR 30 cents per share for 2009, up 50% year-on-year, to be paid in 2010

Hamburg, 6 November, 2009 – Asian Bamboo AG (“Asian Bamboo”, ISIN: DE000A0M6M79, ticker symbol: “5AB”, “the Company”), a world-leading producer of bamboo trees and organic bamboo shoots, increased its revenue for the first three quarters of the year by EUR 9.2 million (29%) to EUR 40.7 million (2008 = EUR 31.5 million). The adjusted net profit rose by EUR 4.9 million (34%) to EUR 19.4 million (2008 = EUR 14.5 million), which is equivalent to EUR 1.53 per share (2008=EUR 1.14). The sharp increase in the adjusted net profit was primarily a result of an increase in the total size of mature plantations by 3,872 ha (21%) to 22,229 ha, stronger than expected sales, economies of scale and a change in the product mix towards higher margin products. The Company confirms its guidance of revenue of more than EUR 55 million and an adjusted net profit margin of at least 45%.

Mr. Lin Zuojun, CEO and founder of Asian Bamboo, commented: “The revenue and adjusted net profit in the first three quarters of the year are further evidence that we are on track for another record year. Following our loan agreement with DEG and our capital increase, we are adequately capitalised for a new growth phase with the aim of reaching a total mature plantation size of 40,629 ha by the end of 2010, up by 83% compared to the current level of 22,229 ha.”



The Q1-Q3 2009 Interim Report, both in English and German, can be accessed at:

English: http://www.asian-bamboo.de/en/investor_relations/publikationen.html
German: http://www.asian-bamboo.de/de/investor_relations/publikationen.html



For enquiries, please contact:
Asian Bamboo AG:
Peter Sjovall [phone] (Hong Kong) or [phone] (China)-
Chief Financial Officer
Anja Holst [phone]
Investor Relations Manager

About Asian Bamboo AG:
Asian Bamboo is a world-leading producer of Moso bamboo trees and organic bamboo shoots. Bamboo trees are used for scaffolding or as input material for processed products including flooring, plywood, panels, veneer, pulp and paper, furniture and textiles. Organic bamboo shoots are sold fresh in domestic agriculture markets, processed for export to the Japanese market or distributed domestically to industrial buyers or supermarkets. The Company currently owns long-term leasing rights for 26 bamboo plantations with a total size of 29,629 hectares with the aim of reaching a total plantation size of 40,629 ha by the end of 2010. In the longer term, the Company is aiming for a total plantation size of 70,000 ha.

Asian Bamboo Group's registered office is located in Hamburg, Germany and the Company is listed on the Prime Standard of the Frankfurt Stock Exchange under the ticker symbol “5AB”.
For more information about Asian Bamboo, please visit our website at
www.asian-bamboo.com or www.asian-bamboo.de