SZ Testsysteme AG
SZ Testsysteme AG english
SZ Testsysteme AG lowers sales and profits forecast
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Amerang, 2 July 2002. Despite positive signs at the beginning of the year, the
last three months were once again hit by a recession in the semiconductor
industry. This also affected SZ Testsysteme AG’s business. As a result,
customers postponed major orders earmarked for the third quarter into the next
financial year. At EUR 25 million, the company’s sales in the current financial
year (2001/2002 – 30 September) will be significantly below budget. Foreseeable
EBIT of minus EUR 18 million (without taking account of any provisions for
restructuring) will be negative. SZ Testsysteme has reacted to the difficulty in
assessing the semiconductor industry’s investment behavior by introducing more
extensive cost-cutting measures that take these developments into account.
Accordingly, SZ Testsysteme AG will be cutting back its worldwide workforce from
390 to around 300.
Despite the current situation, the executive board does not see the company as
being substantially at risk. With shareholders’ equity of approx. EUR 50 million
and sufficient credit lines, SZ Testsysteme AG should comfortably survive even
this difficult situation. The company has created the best conditions for the
generally expected upturn in the semiconductor industry at the end of 2002 or at
the beginning of 2003 at the latest, by developing new products and creating
additional production capacity in preparation for a return to the earlier rates
of growth.
For further informations please contact:
SZ TESTSYSTEME AG
Phone: 49(0)8075/17-1111; Email: aktie@sz.com; Fax: 49(0)8075/17-41111
end of ad-hoc-announcement (c)DGAP 02.07.2002
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WKN: 506730; ISIN: DE0005067300; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
022010 Jul 02
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