Armstrong DLW AG
Armstrong DLW AG english
Development of business in the 1st half of 2002
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Interim report in accordance with § 44b of the German Stock Exchange Act
(BörsG) in conjunction with § 53 et seq. of the German Stock Exchange Listing
Regulation (BörsZulV)
Development of business in the 1st half of 2002
Armstrong DLW AG, Bietigheim-Bissingen
Development of sales
Sales of the Armstrong DLW Group in the first half of 2002 fell by 10.2 % to
Euro 207.1 million and sales of Armstrong DLW AG from Euro 111.4 million to
Euro 85.2 million in comparison with the same period in the previous year.
Production and sales of textile coverings at the Bietigheim location were
transferred from Armstrong DLW AG to Desso Textil GmbH at the end of 2001. This
resulted in a transfers of sales amounting to approximately Euro 19.4 million
between 2001 and 2002.
Earnings situation
The Armstrong DLW Group showed a loss for the first half year of Euro 3.8
million (LY: a profit of Euro 7.2 million) and a pre-tax loss of Euro 6.0
million (LY: a profit of Euro 8.5 million). Operating results at the end of the
first half-year in 2002 showed a loss of Euro 3.9 million (LY: a profit of Euro
9.5 million).
Armstrong DLW AG showed a loss of Euro 0,5 million for the first half year of
2002 and was therefore below the comparative figure for the previous year (LY:
a profit of Euro 3.6 million) and incurred a pre-tax loss of Euro 1.1 million
(LY: a profit of Euro 3.8 million). Operating results at the end of the first
half-year in 2002 showed a loss of Euro 0.3 million (LY: a profit of Euro 4.6
million).
The operating results of Armstrong DLW AG in 2002 included extraordinary income
of Euro 3.5 million from the sale of property and restructuring costs of Euro
2.1 million.
end of ad-hoc-announcement (c)DGAP 01.08.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
New orders received and order book position
New orders received by the DLW Group amounted to Euro 270.5 million (LY: Euro
304.9 million). This corresponded to a reduction of 11.3 % (LY: a reduction of
4.8 %).At Euro 65.1 million, the order book position was 35.4 % lower than the
comparable figure in the previous year (Euro 100.7 million).
Armstrong DLW AG received new orders of Euro 78.3 million, equivalent to a
reduction of 8.9 % in comparison with the previous year (Euro 85.9 million).
The order book position of Euro 16.7 million was 38.9% lower than the
comparable figure in the previous year (Euro 27.3 million).
Capital investments and finance
Capital investments by the Armstrong DLW Group amounted to Euro 7.0 million in
the first half of 2002 (LY: Euro 7.4 million). Armstrong DLW AG invested Euro
4.3 million (LY: Euro 4.6 million).
Employees
The Armstrong DLW Group had 2,646 employees at June 30. 2002 (LY: 2,839).
Armstrong DLW AG had 1.253 employees at June 30, 2002 (LY: 1,422). This change
was mainly attributable to the restructuring of Armstrong DLW AG and the
adaptation of manufacturing to market conditions.
Prospects
A further expansion of our market position will be achieved by selective
measures such as reductions in the level of capital tied up in inventories and
non-essential operating assets, special country plans for increasing sales in
the major product groups and cost reductions.
The economic prospects and anticipated building activities for the second half
of 2002 and also for 2003 are not very optimistic. We will encounter this
downturn with selective measures in order to successfully continue the course
which was established in 2001. We are not anticipating a sales increase in the
second half of 2002 but an improvement in the earnings situation in comparison
with the first half-year.
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WKN: 551800; ISIN: DE0005518005; Index:
Listed: Amtlicher Markt in Frankfurt, Berlin, Bremen, Düsseldorf, Hamburg,
Hannover, München, Stuttgart
011806 Aug 02
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