RHI Magnesita Deutschland AG
Didier-Werke AG english
Didier-Werke 2001: good sales development, special factors characterize result
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Didier-Werke 2001: good sales development, special factors characterize result
At its meeting on July 3, 2002, the Supervisory Board approved the financial
statements 2001 of Didier-Werke AG and the Didier Group. The Board of Management
will propose an unchanged dividend in the amount of EUR 3.07 per share at the
annual general meeting on August 28, 2002.
The Didier Group reported sales revenues of EUR 616.8 million in 2001. Of this
figure, the core business Refractories accounted for EUR 444.0 million, the
Engineering division, which has meanwhile been sold, for EUR 172.8 million.
Consolidated sales revenue was thus up EUR 56.2 million on the figure of the
previous year. EUR 34.1 million of the increase were due to changes in
consolidation.
Despite the unsatisfactory economic framework conditions in 2001, especially in
the steel industry worldwide, the level of the operating result of the previous
year was defended. However, the EBIT was negative and totalled EUR -7.0 million
(Refractories EUR -4.0 million, Engineering EUR -3.0 million) due to one-off
special effects in the Refractories and Engineering divisions in 2001. In
addition, provisions for further restructuring of the Didier Group and for the
Engineering division had to be made in 2001, which had a one-off effect on the
result.
The result from ordinary activities amounted to EUR -19.6 million in the year
2001, the net loss after minorities to EUR -28.1 million. As Didier-Werke did
not have to draw up consolidated financial statements for the year 2000, no
comparable audited group results are available.
Following the successful completion of the sale of the Engineering division,
Didier will focus on its core competence refractories within the global group of
RHI. Didier is still positioned as an attractive brand under the umbrella of
RHI Refractories.
end of ad-hoc-announcement (c)DGAP 03.07.2002
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WKN: 553700; ISIN: DE0005537005; Index:
Listed: Amtlicher Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf und
München
031919 Jul 02
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