VA Technologie AG
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VA Technologie AG: preliminary figures for 2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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VA Technologie AG: preliminary figures for 2001
According to preliminary figures based on IAS, the listed VA Technologie AG (VA
TECH) has raised its order intake by 17% to a record level of EUR 4,551 m and
increased its order backlog by 16% to EUR 4,314 m. Sales were EUR 10 m up on the
level of the preceding year, totalling EUR 3,998 m. The operating result before
goodwill amortisation (EBITA) was 8% up at EUR 135 m (2000: EUR 125 m).
In view of the continuation of the difficult international market situation, the
Group has undertaken goodwill higher amortisation on its acquisitions of in
total EUR 55 m (2000: EUR 32 m), of which some two-thirds relate to the
Metallurgy Division. Earnings before interest and taxes (EBIT) for the year were
therefore down at EUR 80 m, due to this measures based on financial group
policy (2000: EUR 93 m). At EUR 30 m, the profit for the period remained at the
level of the previous year.
The Hydraulic Power Generation, Transmission and Distribution, and
Infrastructure Divisions demonstrated successful business development with order
intake and operating result growth. The Water Division also achieved increased
order intake, although the result is somewhat down on last year due to the
strategic expenditure required for entry into operational management business.
The restructuring and reorientation of the Metallurgy Division is proceeding
according to plan. Despite the tense situation in the markets, new orders worth
over EUR 1 bn were won in the past year. The 2001 operating result is primarily
characterised by high levels of restructuring expenses and goodwill amortisation
and is therefore clearly below that of 2000.
The 2001 financial statements and the outlook for 2002 will be published on
March 13, 2002. The AGM will take place in Linz on April 17, 2002.
end of ad-hoc-announcement (c)DGAP 11.02.2002
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WKN: 093745; ISIN: AT0000937453; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München, Stuttgart
110833 Feb 02
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