FORTEC Elektronik AG

Earnings Release • May 26, 2011

News Details

Corporate | 26 May 2011 08:01

FORTEC Elektronik Aktiengesellschaft: FORTEC topped results before recession

FORTEC Elektronik Aktiengesellschaft / Key word(s): Quarter
Results/Development of Sales

26.05.2011 / 08:01

* Turnover in Q1/2011 plus 35 %
* EBIT in Q1/2011 first time 1 million EUR
* Quarterly profit per share 25 cents

During first quarter of 2011, FORTEC expressively returned to its former
strength. For the first time, the quarterly EBIT alone was 1 million EUR.
Thus, the FORTEC group started this year better than ever in its more than
25 years of company history.
In quarter January to March 2011, the profit after tax amounts to 729.164
EUR resulting in a quarterly profit of 25 cents per share. This
considerable increase of 2.5 fold involves further growth of turnover.
Due to a global economic upswing, the turnover considerably raised by 35%
to 13.3 million EUR from January to March 2011 compared to figures of same
period last year. Compared to last quarter of October to December 2010,
FORTEC's benefit especially was based on the dynamic development in Central
Europe resulting in an increase of turnover of another 24%. Further
positive business is expected as a result of the record bookings of over 20
million EUR.
Based on the current figures of this 1st quarter 2011, FORTEC's situation
today is definitively better than before the financial crisis. In total and
again in this cycle, the group's business model proved more than right and
efficient based on quarterly group's profits even during recession.

End of Corporate News

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Language: English
Company: FORTEC Elektronik Aktiengesellschaft
Lechwiesenstrasse 9
86899 Landsberg/Lech
Deutschland
Phone: +49 (0)8191 91 172-0
Fax: +49 (0)8191 91 172-22
E-mail: aktie@fortecag.de
Internet: www.fortecag.de
ISIN: DE0005774103
WKN: 577410
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart

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