technotrans SE

Earnings Release • May 6, 2003

News Details

Ad-hoc | 6 May 2003 08:27

technotrans AG english

technotrans AG – Figures for Q1 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– technotrans AG – Figures for Q1 2003 technotrans, leading systems supplier of equipment for the printing industry and the manufacture of micro technology, once again turned in a creditable performance in the first three months of the new financial year. As a result of the cyclical context and the geopolitical situation, the decline in revenue to Euro 25.8 million (previous year Euro 28.6 million, -9.8 percent) was of the magnitude that had been anticipated. Although the downturn in the Print segment of 17.3 percent compared with the first quarter of 2002 (Euro 20.9 million) was still marked, compared with the last quarter of 2002 (Euro 17.8 million) the pace of the downward trend is significantly slower. Despite the low level of revenue and the need to create provisions totalling Euro 480,000 for the closing-down of production operations in the UK, the gross margin improved. The operating profit of Euro 1.3 million is on a par with the first-quarter figure for the previous year. If the effect of the restructuring measure is disregarded, the operating margin emerges as a satisfactory 7 percent, whereas it was only 5.3 percent for 2002 as a whole. A net profit of Euro 558,000 is reported for the first quarter, equivalent to IFRS earnings per share of Euro 0.08 (previous year Euro 0.09). The average number of group employees in the first three months fell by 7.2 percent from 668 in 2002 to 620 in 2003. with regard to the overall political situation and the subsequent economic development especially in America in drawing up the plans for 2003, Management again placed the focus on profitability. Even taking account of the current level of orders, the company should comfortably achieve its target of earnings in excess of 5 million euros. The closing-down of the UK production plant and the transfer of assembly operations to Sassenberg shall substantially help to achieve this goal. At this point of time Management is specifically turning attention to those opportunities that do exist and confirms that the company is on the right track. http://www.technotrans.com – here the Interim Report 1-3/2003 and the full Press Release are available for download. end of ad-hoc-announcement (c)DGAP 06.05.2003 ——————————————————————————– WKN: 744900; ISIN: DE0007449001; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 060827 Mai 03