P&T Technology AG
P&T Technology AG english
P&T ANTICIPATES HIGH LOSS IN 3.QUATER-TO FALL SHORT OF PLANNED TARGETS FOR 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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P&T Technology AG falls considerably short of its own expectations for the first
nine months of the year. With only weak revenues, a high loss is anticipated.
The main reasons for this are projects abroad, which cannot be realised
completely, domestic projects that have been postponed and – to some extend –
also cannot be realised and the need now evident to adjust the valuation of
acitivities abroad shown until now in the assets section of the balance sheet,
along with running costs that are too high for the volume of business.
The planned targets for the year are thus no longer attainable. With revenues
for the year expected to be considerably below the level of the previous year,
and for the reasons given, the new P&T Management Board also anticipates a loss
for the year as a whole.
End of message
end of ad-hoc-announcement (c)DGAP 04.12.2002
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WKN: 685 280; ISIN: DE0006852809; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
042049 Dez 02
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