SZ Testsysteme AG
SZ Testsysteme AG english
SZ Testsysteme Discloses Tight Liquidity Position
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Amerang, September 13, 2002. The global semiconductor industry is not showing
signs of a recovery in the near future, despite prior industry forecasts. As a
result, SZ Testsysteme AG, headquartered in Amerang, near Wasserburg, Germany,
is downgrading its sales and earnings forecasts for the current fiscal year
2001/2002 (September 30th). Due to the current market situation, which continues
to be sluggish, the company will make additional depreciations of internally
produced and capitalized assets and inventories, impacting the company’s balance
sheet and earnings. As a result, the Managing Board is forecasting a loss in
excess of EUR 20 million (EBIT) with sales of approximately EUR 22 million.
Due to pre-capital expenditures, the financial resources of the Company have
been affected especially by personnel costs. Currently SZ Testsysteme is in
negotiations with creditors (banks and suppliers) for a fair amendment and to
ensure a sufficient financing outlook. The number of employees will be reduced
to approximately 200 in order to lower the operational costs. SZ is predicting
that sales in the ATE industry will remain flat during the first half of 2003.
For further information please contact:
SZ TESTSYSTEME AG
Ellen Hell
Investor Relations
Am Kroit 25
83123 Amerang
Germany
Tel: +49 (0)8075 / 17 1111
Fax: +49 (0) 08075 / 1741111
Email: Ellen.Hell@sz.com
end of ad-hoc-announcement (c)DGAP 13.09.2002
——————————————————————————–
WKN: 506730; ISIN: DE0005067300; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
131003 Sep 02
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden