Stinnes AG
Stinnes AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Stinnes Success Story Continues in First Half of 2001
In the first six months of the year 2001, the performance of Stinnes AG was much
better than in the first half of 2000. Below is a brief summary of the Interim
Report from January 1 to June 30, 2001:
External sales increased by 2.6 percent relative to the first six months of
2000. When adjusted for the building materials activities that were divested
last year, external sales increased by 22.0 percent to Euro 6.4 billion, mainly
due to the strong performance of the Transportation Division and the Chemicals
Division.
Relative to the same period in the previous year, consolidated earnings before
interest and taxes (EBIT) increased by 17.3 percent to Euro 167.6 million. When
adjusted for the building materials business, the consolidated EBIT grew by 23.5
percent.
The consolidated internal operating profit increased by 22.8 percent to Euro
128.2 million. When adjusted for the building materials business, it grew by
19.9 percent.
Due to the consumption of the tax losses carried forward, the tax rate increased
relative to the same period in the previous year. For this reason, the
consolidated net income (Euro 78.5 million) was 2 percent lower than during the
same period in the previous year.
As of June 30, 2001, earnings per share amounted to Euro 1.03, while the
earnings level reached in fiscal 2000 as a whole was Euro 1.98 per share.
end of ad hoc announcement (c) DGAP 14.08.2001
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WKN: 726430; Index: MDAX
Listed: Amtlicher Handel in Düsseldorf und Frankfurt; Freiverkehr in Berlin,
Bremen, Hamburg, München und Stuttgart
140745 Aug 01
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