VA Technologie AG
VA Technologie AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
VA Technologie AG: Results for the Half-Year 1/2000
The listed VA Technologie AG (VA TECH) reported earnings before interest, taxes
and goodwill amortisation (EBITA) of EUR 68m in the first half-year 2001 (1st
half-year 2000: EUR 65 m). Following the deduction of goodwill amortisation (EUR
16m), the operating result (EBIT) remained at the level of the preceding year
at EUR 52m. The revenues from the sale of 4.98% of VOEST ALPINE shares to
institutional investors during the first half of 2001, amounted to EUR 54.8 m,
net earnings after taxes amounted to EUR 30.7m. The result before taxes
amounted to EUR 23m (after EUR 27 m in the first half year 2000), the net profit
for the period (result in the first half-year) totalled EUR 19m (EUR 18m).
Group sales in the first half-year amounted to EUR 1,792m, a 4% decrease
compared to the same period in 2000 (EUR 1,863 m). As compared with the
preceding year, order intake in the first half of 2001, was raised by 12% to EUR
2,050 m. In comparison with the same date of the previous year, order backlog
as at June 30, 2001 was 11% up at EUR 4,180m.
The figures include the VA TECH Schneider High Voltage company, a 60/40 joint
venture between VA TECH and the Schneider Electric Group of France as at January
1, 2001, as well as the sale of 80% of VA TECH VOEST MCE. In addition, the
Metallurgy joint venture, VAI Pomini, was consolidated for the first time.
According to current estimates, an improvement in the economic situation cannot
be expected during this year. There is a downwards trend in the USA and also in
Europe, the international growth forecasts for industry are being reduced
continuously. In spite of an extensive range of cost cutting measures already
introduced in the Metallurgy division, further restructuring with an impact on
the earnings situation is required depending on the order intake development. A
continuation of the positive business trends in the Hydro Power Generation,
Power Transmission and Generation, Water systems and Industrial Services
divisions is forecast. Consequently, we are optimistic that the Group will
attain overall order intake and operating result growth in 2001.
The full text of this release is available on the internet under www.vatech.at
end of ad-hoc-announcement (c)DGAP 30.08.2001
——————————————————————————–
WKN: 093745; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München, Stuttgart
300821 Aug 01
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden