P&T Technology AG
P&T Technology AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Sales Increase at P&T of 170 Percent in the first six months
The sales of P&T Technology AG, Hamburg, jumped dramatically in the first six
months of 2001. The specialist for windpark development, which is listed on the
Neuer Markt, increased sales by 170 percent to Euro 44.99 million (1st six
months of 2000: Euro 16.66 million ). The company is therefore meeting its
forecasts and as-sumes that it will attain its budgeted sales for the year of
Euro 166 million. In the first half year P&T succeeded in dramatically driving
its international expansion, without ignoring its German business. The
investment in EEC, an emitter of funds from the regenerative energies sector,
has increased the added value. In addition P&T has established a broad basis for
the corporate group by making future-oriented investments such as CARNOT, a
developer of biomass power plants. Primarily as a result of these investments in
the first six months the company has one-off expenses and start-up costs and,
due to the fact that the fixed costs digression only started in the second half
of the year, the profit based on EBIT developed, as planned, more slowly than in
the previous year. The EBIT for the first six months was Euro 0.92 mil-lion
(1st six months 2000: Euro 1.22 million). The profit from ordinary business
(EBT) increased to Euro 1.59 million (1st six months 2000: Euro 1.18 million) as
a result of the positive financial result. As a result of the windpark projects
already begun P&T has a very high planning security so that the EBIT target of
Euro 12.4 million for the year can be confirmed. As of 30 June six windparks
with a total volume of 48.5 MW were under construction. P&T considers the
commencement of construction in the course of this year to be guaranteed for
seven sites. Internationalization will play an important part in the company’s
future growth: P&T plans to commence construction in Greece, Poland, Turkey and
the USA in the course of this year.
in EURO (IAS) Jan-June 2001 Jan-June 2000
Sales 44.986.943 16.660.703
EBIT 917.070 1.217.761
Cash-Flow (DVFA/SG) 1.683.329 1.202.611
IAS Profit/Share 0,08 0,09
Contact: Oliver Eggert, Investor Relations Manager, T. (040) 28 40 65 – 223
end of ad-hoc-announcement (c)DGAP 23.08.2001
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WKN: 685 280; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Hannover, Düsseldorf
230731 Aug 01
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