Pfleiderer Gets Buy Rating in Germany

Düsseldorf, Germany, May 2, 2008--The securities experts of Wertpapier have put a buy rating on shares of Pfleiderer AG.

It said Pfleiderer could increase sales by 27% to 1.8 billion euros, and EBITDA was up 20 percent to 249 million euros. It said Pfleiderer has hardly been hurt by the U.S. mortgage market.

For 2008 the Pfleiderer management projects sales 2 billion euros.