SALTUS Technology AG
Saltus Technology AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Continuation of positive business development during the second quarter
SALTUS Technology AG’s semi-annual report for the current fiscal year (Feb. 1st,
2001 – July 31st, 2001) done in accordance with the IASC guidelines shows an
operating result (Ebit) increased by 41% to TDM 1,833 (previous: TDM 1,296). A
significantly grown interest rate of TDM 1,048 (TDM 485) led to a
stagnation of the pre-tax result (Ebt) in the amount of TDM 785 (TDM 811) and
the strongly increased tax expenditure of TDM 886 (TDM 222) to the expected
reduction of semi-annual surplus at TDM 93 (TDM 508). The turnover with TDM
35,079 (TDM 35,689)remained nearly unchanged due to the discontinuation
of trade activities at SALTUS Engineering Goetz Kastenholz GmbH.
The result optimization during the 1st half year is mainly due to the
consequently applied Cost-Reduction-Program at all subsidiaries which will as
well lead to further substantial saving within the corporate. At the
same time, a lasting dynamic development for the segment precision technique is
to be noted, which is underlined by the acquisition of a profitable longlife-
order with a large German supplier for the automobile industry. The turnover
results from the business with this new customer are at around 3 mio. DM for the
upcoming year 2002, for the year 2003 at around 5 mio. DM, and for the year
2004 with full capacity at 9 mio. DM . As this business is done on a completely
part related work process, costs for material are not due.
Speaker of the Board Dr.-Ing. Wolfgang Koll therefore estimates an overall
profit after taxes of around 2 mio. DM for the upcoming fiscal year 2002/2003 at
an overall turnover of 80 mio. DM. Business consolidation during the current
fiscal year is the corporates main interest. The separation of the American
subsidiary TorqTec International Inc. however will lead to a reduction of
planned turnover figures for the current business year which are to be adjusted
at approx. 71.5 mio. DM however this will not have any negative effect on the
after tax result, which means the prognosis of approximately TDM 160 will be
topped.
For more detailled information please turn to our home-page at
http://www.saltus.de
end of ad-hoc-announcement (c)DGAP 14.09.2001
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WKN: 716100; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
140730 Sep 01
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