The Kardex Remstar International Group and its three divisions applied
for and announced the suspension of trading in Kardex shares for Friday,
12 May 2006. In the course of an ongoing overhaul of the strategy and
processes practised by the AFT Division, management uncovered a number
of serious errors in the assessment of various projects. These errors
will lead to considerable adjustments in the Group’s financial
statements for 2005 and, possibly, of the individual financial statement
for Kardex AG. In view of these facts, the financial statements for
2005 will have to be drawn up again and re-audited.
http://relaunch.kardex-remstar.de/fileadmin/user_upload/kardex-com/pdf/mediaservice/mediaverzeichnis_00-07/de/medienservice-64.pdf
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