Heinkel AG
Heinkel AG english
Strategic concentration on core business
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Strategic concentration on core business
following half-year business result
Bietigheim-Bissingen, 29th August 2002
With a group sales revenue in the first half of 2002 of EUR 10.3 Million
(30.06.2001: EUR 13.9 Million) and a cross performance of EUR 10.5 Million
(30.06.2001: EUR 17.2 Million) the results have been considerably lower than for
the same period of the previous year. The reason is a continued low demand in
all markets of HEINKEL-Inverting Centrifuges. An improvement of this situation
is expected after the ACHEMA – Exhi-bition 2003 and not as forecasted in the
second half of 2002. Therefore the board will reduce its prognosis for the
cross performance of 2002 from EUR 30 Million to EUR 27.5 Million.
In the first half of 2002 the Heinkel Group produced a deficit of EUR 3.5
Million (30.06.2001: EUR 0.0 Million). Besides low demand in the centrifuge
business a high deficit of EUR 1.9 Million in our Multi-Spindle Head division
contributed to this.
Based on these results the board of directors together with the supervisory
board have decided on a strategic focus on the core business of centrifuges.
This will result in an increased activity in the service division as well as
acceleration in devel-oping new products. HEINKEL will introduce further
fundamental changes to its cost structure and close its Multi-Spindle Head
division including a reduction in the total workforce of 50 positions, which
has produced negative results over the past several years. Although the cost
structure has been improved for the second half, a deficit of EUR 4.9 Million-
including restructuring investments – is expected for the year 2002.
Based on the introduced consolidation course, adapting the cost structure to
the changed demand and the strategic focus on its core business, the HEINKEL AG
is confident to return to a positive business result for the Year 2003.
The Board of Directors (Der Vorstand) Tel: 07142-356-101
http://www.heinkel.de Fax: 07142-356-109
end of ad-hoc-announcement (c)DGAP 29.08.2002
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WKN: 605900; ISIN: DE0006059009; Index:
Listed: Amtlicher Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf,
Hamburg, München und Stuttgart
291008 Aug 02
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