CyBio AG
CyBio AG english
CyBio AG: Financial result forces adjustment of employees
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Jena, 18th March 2002; Due to the disappointing results of the previous fiscal
year CyBio AG, Jena, (Neuer Markt, WKN: 541230) is reacting with optimizing and
slimming the internal structure. This necessitates the reduction of the work
force. The preliminary corporate figures for 2001 result in sales according to
US-GAAP to 14.4 Mio. EUR, which account for about 32 percent less than in 2000
(21.3 Mio. EUR). Earnings before interest and taxes (EBIT) amount to minus 16.9
Mio. EUR) and thus are also noticeable below the prior year level (minus 1.4
Mio. EUR). Main reason for the loss were declining sales without having adjusted
the cost structure in due time.
The malposition of results has prompted CyBio AG to question the constancy and
efficiency of the corporate structure. In mutual consent between the CEO and the
supervisory board drastic savings in material costs as well as an adaptation of
staffing level across the group will be conducted. With immediate effectiveness
25 percent of the workforce will be given notice according to a socially
compatible agreement. This leaves the group workforce at a level of 128
employees. Furthermore, some of the subsidiaries will be merged into the R&D
department of CyBio AG. The prompt implementation of these cutting in measures
are a necessary requirement, in order to lead the company in 2002 to an
operating profit.
Contact:
Cornelia Todt
Investor Relations / Public Relations
Göschwitzer Str. 40
07745 Jena
Tel. +49 3641 35 14 25
Fax. +49 3641 35 13 60
E-mail: cornelia.todt@cybio-ag.com
end of ad-hoc-announcement (c)DGAP 18.03.2002
——————————————————————————–
WKN: 541230; ISIN: DE0005412308; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
180850 Mär 02
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden