SUMIDA AG
Vogt Electronic AG english
VOGT electronic AG remains affected by the difficult economic environment
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Erlau, July 15. 2002. VOGT electronic AG, Erlau, a manufacturer of passive
components, printed circuit boards and electronic systems remains affected by
the difficult economic environment. The strong decline in demand on the part of
the electrical engineering and electronic industry has resulted in sales losses
during the course of the year that will no longer be able to be compensated for,
even if the slight upturn forecasted for the second half of 2002 sets in. In
view of this situation, the present liquidity situation was discussed with the
respective banks. The latter confirmed the company today that they will continue
to support VOGT electronic AG – initially by providing short-term funds. A
renowned management consultant is now accompanying the restructuring measures
the board has been pursuing since months.
In view of the unfavorable market situation, VOGT electronic AG anticipates
posting a marked negative result for the current business year. Due to the
strong decline in demand in the communication technology sector it will not be
possible to attain previous year’s sales levels. Based on the restructuring
measures already initiated and additional restructuring measures now on the
agenda VOGT electronic AG endeavors to return to profitability in the next
business year.
Contact: VOGT electronic AG, Mr. G. Hein, Tel.: 08591/ 937 180, Mail: ir@vogt-
electronic.com
end of ad-hoc-announcement (c)DGAP 15.07.2002
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WKN: 765 933; ISIN: DE0007659336; Index: SDax
Listed: Amtlicher Markt in München und Frankfurt (SMAX); Freiverkehr in Berlin,
Düsseldorf, Hamburg und Stuttgart
151248 Jul 02
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