P&T Technology AG
Ad hoc-Service: P&T Technology AG english
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P&T Technology Exceeds Profit Planning
According to the preliminary, unaudited figures, P&T Technology AG, Hamburg,
significantly exceeded their forecasted profits for the financial year 2000 and
was also able to increase sales to a greater extent than expected. The operating
profit (EBIT) was DM 4.08 million, 35.1 % above the forecast (DM 3.02 million);
the EBDIT of DM 4.22 million exceeded the budget (DM 3.65 million) by 15.6
percent. Sales were DM 85.99 million (budget: DM 84.4 million).
The increased sales are for the most part attributable to the sale of a partial
project in December that was originally intended for 2001. The profit for 2001
is not expected to be reduced as a result of this. The positive profit results
from the additional contribution margin of this partial project and from a lower
investment volume, and therefore lower write-offs, in the hydrogen Business
Unit. In this field P&T developed a system for decentralized, network-
independent supply with electricity and drinking water. Purchase rebates which
we attained and higher project contribution margins in the three projects
connected to the grid also had a positive impact. Overhead costs also developed
better than planned, especially those of the Turkish subsidiary.
Preliminary Figures for Financial Year 2000 (Accounting method: IAS)
In TDEM 1999 Budget 2000 Actual 2000 Devergence
Sales 912.0 84,400.0 85,990.0 1.9%
EBDIT 227.0 3,650.0 4,220.0 15.6%
EBIT 192.0 3,022.0 4,084.0 35.1%
Employees (31 Dec. 00) 21 28
Contact:
P&T Technology AG
Dr. Carsten Weimann
An der Alster 3
20099 Hamburg
Tel.: (040) 28 40 65-0
Fax: (040)28 40 65-25
end of Ad hoc-announcement, (c) DGAP 08.02.2001
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WKN:685 280; Index:
Listed:Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Hannover, Düsseldorf
080848 Feb 01
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