AmaTech AG
AmaTech AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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High allocations to accruals in the AG due to burdens in the past
As a result of high accrual costs in the AG, expenditure in connection with
implementing the successfully initiated restructuring measures, and consistently
high costs of personnel and materials, the company generated earnings before
interest and taxes (EBIT) of -11.7 million Euro in the first half-year 2001.
At 14.2 million Euro, revenue was also below budget during the period under
review. The subsidiary companies in the USA and Southeast Asia, in particular,
failed to meet revenue expectations, and have not yet reached break-even point.
As at 30.06.2001, the Group had an order volume of 19.4 million Euro on its
books.
From July 2001 onwards, the Group expects the overall situation to improve
noticeably. Significantly lower personnel expenditure will reduce the burden on
the company by approximately 1.5 million Euro each quarter. In the course of
restructuring, production was centralized in Ireland, a step that is now showing
first positive results. An addi-tional inlay production line has enabled the
company to increase production by cur-rently 90 % at full capacity utilization
in three shifts.
The complete semi-annual report will be published on www.amatech.de on
09.08.2001.
Contact: AmaTech AG
Peter Steinfadt, Investor Relations
Tel. ++49-8363-9105-72
e-mail: investor@amatech.de
end of ad hoc announcement (c) DGAP 08.08.2001
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WKN: 519280; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
082046 Aug 01
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