AmaTech AG
AmaTech AG english
Restructuring measures have been successful – Q3 results reveal improvement
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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As a direct result of the restructuring measures initiated in July 2001,
AmaTech AG has been able to reduce its losses by a considerable level.
Following consolidated earnings before interest and taxes (EBIT) of EURO-5.3
million in Q1 and EURO-6.4 million in Q2, negative EBIT for the third quarter
was reduced to a total of EURO-2.4 million. It should be noted that the result
for the third quarter was influenced by EURO1.4 million in charges due to the
reversal of engineering contracts attributable to AmaTech Automation GmbH.
At the end of Q3, earnings before interest, taxes, depreciation and
amortisation (EBITDA) resulted in EURO-10.2 million.
AmaTech AG does not anticipate that its under-par earnings will worsen
significantly by the end of the fiscal year.
In the period under review, revenues totalling EURO28.3 million were within the
range originally targeted by the company. The level of orders in hand as at 30
September 2001 was worth EURO11.9 million. The revenue target of EURO36 million
for the full fiscal year will remain unchanged.
In view of the good level of demand for easy-to-use contactless smart cards for
multifunctional applications, the Management of AmaTech AG is confident that
turnaround will be achieved in 2002.
The full nine months report, containing a detailed review, will be published on
8 November 2001. It will be available at http://www.amatech.de
end of ad-hoc-announcement (c)DGAP 07.11.2001
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WKN: 519280; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
072034 Nov 01
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