EMTS Technologie AG
EMTS Technologie AG english
EMTS Technologie AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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EMTS disposes of past burdens and continues with its hard restructuring program.
Withdrawal from Switzerland and Monaco now decided.
Switzerland
In 2002 EMTS Technologie AG sustained severe losses in Switzerland despite the
consolidation of its service units. The outlook for an improvement is negative
at present, therefore the Management, in coordination with the Supervisory
Board, has decided to discontinue its operation in the Swiss market in the
present form, until new opportunities may arise when the market Situation has
changed. In 2002 EMTS/Switzerland along with its subsidiary Publix AG generated
approx. EUR 12.0 million in revenues; however, the company’s EBITDA (including
Publix) will reflect a negative balance of about EUR 6.0 million. In
Switzerland, the company has a workforce of roughly 80 employees. Apart from
the generally poor trends prevailing on the Swiss market for the Service
section, this dramatic development is attributable in particular to the
tightness of the market, the enormous pressure on margins but also to inter-
nal managerial problems. According to the Management’s restructuring strategy,
investments will only be made in those countries in which positive growth as
well as earnings prospects and a clear commitment by the partners are
guaranteed. The company’s European strategy remains in place. EMTS continues to
operate in 11 countries.
B.G. Communicatlon, Monaco
B.G. Communication, headquartered in Monaco, in which EMTS Technologie AG has a
51% stake, will be transferred to the minority shareholder. A letter of intent
to this effect has been submitted, and the details are being negotiated. This
market adjustment was effected since business operations have not developed as
positively as it had been planned at the time of the purchase in 2001. Sales in
2002 are expected to have reached approx. EUR 800 k, while EBITDA will amount
to zero. In 2003 the EBITDA would probably have been extremely negative because
of the lack of volumina.
For the year 2003, the Management expects these restructuring measures to
result in a further positive impact on the EMTS Group’s total earnings.
Management reinforced
The Management of EMTS Technologie AG will be extended as of February 1st,
2003, Alongside Arnaud Enée, Vice President for Operations (appointed in
December 2002), Peter Winkovitsch will be appointed Vice President for
Marketing and Sales. In recent years Mr. Winkovitsch, aged 33, has worked in
the telecommunications industry with RSL Com and eTel Austria AG as Marketing
and Sales Manager. This new appointment concludes the planned reinforcement of
EMTS’ Management Board.
Investor Rslations: E-mail: investor.relations@emts.at
Tel.: +43-6G2-623 391-0
Company Spokespsrson: Karin Keglevich
E-mail: keolevicht@spa.co.at
Tel.: +43-1-5322545-10
end of ad-hoc-announcement (c)DGAP 14.01.2003
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WKN: 616516; ISIN: AT0000926266; Index: SWX New Market
Listed: Swiss Exchange; Freiverkehr in Berlin, Frankfurt und München
141903 Jän 03
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