Lambda Physik AG
Lambda Physik AG english
Quarterly results in line with expectations
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Quarterly results in line with expectations
Lambda Physik AG generated EUR 25.8 million in sales in the first quarter of its
fiscal year 2002 that ends on September 30, 2002. The 22 percent decline
compared to the same quarter of 2001 is within expectations. The quarterly loss
was EUR 1million, indicating that the cost-cutting measures are taking affect. A
positive result is still projected for the year. Bookings have stabilized at
EUR 15.3 million.
As anticipated, business development reflected the weak economy, thus negatively
affecting most of Lambda Physiks key markets and resulting in a noticeable
decline in lithography sales as well as in scientific and medical applications.
In contrast, Lambda Physik experienced positive growth in the industrial sector
achieving record sales of EUR 16.5 million.
Early cost-cutting measures have already produced positive results in the
quarter under review. The EBIT for the period October to December 2001 is EUR
0.2 million (prior year quarter: EUR 5.5 million). Since the majority of the
cost-cutting efforts will not be realized until the coming months, Lambda Physik
stands by its annual projections of positive earnings. With a quarterly loss of
EUR 1 million, the loss per share amounts to EUR 0.07 after generating earnings
per share of EUR 0.20 in the prior year period.
Despite the cost-cutting measures, Lambda Physik has increased its expenditures
for research and development. At EUR 4.9 million, 19 percent (prior year
quarter: 13 percent) of sales were invested, representing a 17 percent increase
over the prior year period.
The bookings of EUR 15.3 million are awPearly indication for the stabilization
of the development. Compared to the bookings level of the prior quarter
excluding the EUR 16 million de-bookings due to order push-outs) Lambda Physik
posted a 44 percent increase in bookings.
end of ad-hoc-announcement (c)DGAP 30.01.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
A conference call will be available for analysts and journalists concerning the
publication of the annual financial results. This teleconference will be
replayed from January 30, 2002, 12:30 CET to February 3, 2002, 12:30 CET and can
be heard by calling +49-69-92053444.
The full quarterly report and further information is available in the internet
at http://www.lambdaphysik.com/InvestorRelations or from:
Lambda Physik AG
Claudia Thome
Hans-Böckler-Str. 12
37079 Göttingen
Germany
Phone: +49 (0)551 6938-113
Fax: +49 (0)551 6938-104
cthome@lambdaphysik.com
Haubrok Investor Relations GmbH
Sönke Knop
Siesmayerstr. 10
60325 Frankfurt
Germany
Phone: +49 (0)69 716786-01
Fax: +49 (0)69 716786-99
S.Knop@haubrok.de
The information contained herein is not for publication or distribution to
persons in the United States of America, Canada, or Japan and does not
constitute an offer of securities for sale in the United States, Canada or
Japan. The securities of LAMBDA PHYSIK AG have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold without registration thereunder or pursuant to an available
exemption therefrom.
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WKN: 549427; ISIN: DE0005494272; Index: Nemax 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
300733 Jän 02
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