FORTEC Elektronik AG

Business and Financial Review • Jun 30, 2003

News Details

Ad-hoc | 30 June 2003 11:44

Fortec Electronik english

FORTEC increases its portfolio – less board members – expectations: pending Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– FORTEC is leader of industrial hardware solutions as concerns displays, converter boards and power supplies with an annual turnover of over 30 million EUR. Now, the company increases its portfolio in the field engineering by application software and thus, enhances to an alrounder in embedded solutions. Therefore, the ROTEC technology GmbH is founded as per 1st July 2003, a mainly independent company of 6 employees. Turnover figures of about 3 million EUR is planned for the next 3 years. FORTEC-s sales manager Werner Heyer being with the company for about 20 years and also member of the board for over 10 years will leave the company as per 30th June due to health-s reasons. His successor not being member of the board has already been trained by him. FORTEC-s turnover is stagnating for over 2 years now due to a week industrial and economical surrounding and even decreased during the last quarters – whereas profit could be stabilised on high level due to higher added values. Now during this second half of business year 2003, the company is obliged to adapt its costs versa its turnover of these next two quarters which is expected to be decreasing. It is planned to achieve this by merely no dismissals and above all by short-time work. end of ad-hoc-announcement (c)DGAP 30.06.2003 ——————————————————————————– WKN: 577410; ISIN: DE0005774103; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 301144 Jun 03