sunways AG
Sunways AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Sunways expects budget variance for the total year 2001
Sunways AG (WKN 733220) announces that the plan figures for the current fiscal
year will be missed significantly.
The sales and profit aims pronounced for the fiscal year 2001 can presumably
not be achieved because two important solar cell purchasers withdrew at short
term.
From the point of view of sunways, one of the purchasers can presently not be
delivered because of the purchaser’s lacking reliability. It can not be
assessed if and when it is possible for this company to be supplied again. With
regard to a further purchaser there is the risk that the basic contract of the
purchased quantity of solar cells agreed upon for the current fiscal year can
not be realised at full volume. This is the result of final insights received
through discussions which took place in August 2001. The essential reason is
the postponement of a large project abroad of the purchaser.
Concerning the photovoltaic systems business which is handled by the subsidiary
MHH Solartechnik GmbH(MHH), Tübingen, the company expects a development which
will be even slightly above the growth forecasted. Sales achieved by MHH –
which has a share in the consolidated sales according to schedule of
approximately 50 % for the current fiscal year – are up to now at Euro 5,2
million by June 30th, 2001 and are therefore approximately 10 percent above the
expectations for the first half 2001.
This trend has continued in the third quarter of the year. However, the
positive development of MHH will not compensate the reductions to be expected
in the field of solar cell production.
Furthermore, Sunways AG informs that the total gross performance will
approximately be Euro 8,6 million in the first half 2001. The earnings after
tax amount to Euro -0,8 million according to IAS by June 30th, 2001.
The report of the first half year 2001 can be found under http://www.sunways.de
as from August 31st, 2001, at full volume.
Contact: Sunways AG, Investor Relations, Tel.: 07531/99677-39,
Fax: 07531/99677-548, email: ir@sunways.de
end of ad-hoc-announcement (c)DGAP 24.08.2001
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WKN: 733 220; Index:
Listed: Neuer Markt in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und
Stuttgart
241821 Aug 01
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