pgam advanced technologies AG
pgam Specialty Vehicles drive sales and earnings growth
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pgam Specialty Vehicles drive sales and earnings growth
pgam again with significant revenues and earnings growth after nine months
2004
Focussing on the segment specialty vehicles drive sales and earnings growth
Sales growth of 18% to more than 61 million EUR (previous year approx. 52 Mio.
EUR) Increasing net profit of 18% to 1.2 Mio. EUR (previous year 1.0 Mio. EUR)
Earnings per share increase from 10 Cent the year before to actual 12 Cent
Georgsmarienhuette, December 1st, 2004 –
pgam advanced technologies AG (SDAX, Prime Standard, ISIN DE0005138408)
continues to follow the successful growth path in sales and earnings after
nine months 2004 impressively and took benefit from the early focus on the
margin intensive segment of special protected vehicles. Fiscal year 2004 is a
transition year for pgam advanced technologies AG from being an integrated
technology provider for industrial development and production in the
automotive industry to becoming a technologically leading engineering company
and manufacturer of special protected vehicles. This transformation has been
implemented almost frictionless so far as the ongoing reduction of the ratio
personnel expenses to sales already reached a new record level of
approximately 37 % despite the ongoing sales increase in the first nine months
of cumulated almost 18 % and a significant sales plus of 34 % in the third
quarter 2004 compared to the same quarter of the previous year. The increase
in number of employees as of the end of the nine months of 7 % compared to the
second quarter and by more than 18 % compared to the previous year from 727 to
actual 856 employees clearly documents that increasing profitability and the
creation of additional jobs at pgam are not in contrast to each other.
The strongly increasing share of manufacturing output in the sales figure
automatically results in a correspondingly adjusted structure of the profit
and loss accounts in the future, which will comprise a significantly higher
share of material costs esp. due to the use of valuable materials in the field
of special protected vehicles.
Revenues and earnings of the Group are on an ongoing increase:
+ Increase in sales of almost 18 % to EUR 61.3 mill (previous year EUR 52.1
mill)
+ EBITDA increased by 21 % to EUR 8.8 mill (previous year EUR 7.3 mill)
+ EBITDA margin increased from 14.0 % to 14.4 %
+ EBIT increased by 12.5 % to EUR 3.9 mill (previous year EUR 3.5 mill)
+ EBIT margin of 6.4 % almost at the same level of the previous year of 6.6 %
+ Net profit for the first nine months increased by more than 18 % to EUR 1.2
mill (previous year EUR 1.0 mill)
+ Earnings per share increased by 20 % to EUR 0.12 after EUR 0.10 the year
before, calculated on the basis of the actual comparable number of outstanding
shares (approx. 10.1 mill)
Revenue and earnings development of the single business units of the pgam
Group in detail mirror positively the strategic decision taken earlier to
focus on the segment of armored and protected cars. This allowed pgam also to
step aside from the rather difficult market situation of the automobile
industry actually. Demand for specialty vehicles especially for armored and
protected cars develops continuously pleasant. This results for the Business
Unit 4 – Specialty Vehicles in more than tripled sales of EUR 32.6 mill
actually (previous year EUR 10.1 mill) and an overproportionate almost five
times higher segment earnings (EBT) of EUR 3,829,000 after EUR 872,000 in the
same period the year before. All the other single business units showed
significant sales declines accordingly to the strategic focus of pgam Group
with one exception, the BU 2 – Polymers which counted for sales close to last
years level of EUR 16.2 mill (previous year EUR 17.1 mill).
Domestic automotive manufacturers have been announced a strengthening of
investments for new automotive models and niche vehicles which will lead to a
significant recovery of the old core business (car engineering, low volume
production).
“In future, automakers (OEMs) will offer specialty vehicles exfactory or
authorise specific suppliers to do the work for them.”, underlined Josef A.
Marold the future opportunities for pgam again.
The Board of Management, November 2004
For further information and details about the company and the complete nine
months report please use: http://www.pgam.com or
contact:
pgam advanced technologies AG
Investor Relations
Beekebreite 18-20
D-49124 Georgsmarienhütte
Tel.: +49 -(0)5401 -490 490
Fax: +49 -(0)5401 -42705
eMail: i-relations@pgam.com
end of message, (c)DGAP 01.12.2004
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WKN: 513 840; ISIN: DE0005138408; Index: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverker in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
011001 Dez 04
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