SALTUS Technology AG
Ad hoc-Service: Saltus Technology AG SALTUS Q
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SALTUS TECHNOLOGY AG
WKN:716100
Ad Hoc Release dtd December 15h, 2000
SALTUS TECHNOLOGY AG – A DYNAMIC PROFIT DEVELOPMENT
DURING THE 3rd QUARTER
SALTUS Technology AG continues its upward trend with an overall
profit before taxes (EBT) of DM 2.7 million during the first nine
months of the current fiscal year (1.2.2000 – 31.1.2001). Yet in
the 3rd quarter the Solingen based specialist for torque- and
measuring technique as well as precision tools has increased its
pre-tax profits by DM 1.9 million. This development significantly
stands against last year profit figures, where due to
restructuring steps a pre-tax loss of DM 6.6 million had to be
noted.
At the same time consolidated turnover results of SALTUS Technology
AG within the corporate increased by 13.1% up to DM 48.3 million
(in parenthesis: comparable last year figures: (DM 42.7
million)). This moderate increase compared against last quarters is
only of temporary, incidental nature. However, focused turnover
goals of approximately 20% totaling DM 68 million for the current
fiscal year are secured by binding orders. Furthermore even for
the up-coming fiscal year the SALTUS Board is convinced to again
distinctly increase turnover results by another 25% to DM 85
million.
Taking inventory changes and other operational profits into
consideration an overall production output of DM 51.1 million (DM
43.9 million) can be noted. Efficient investments and strict cost
reduction steps with regard to production process leads to the fact
that the sum of personnel and material costs of DM 30.6 million (DM
30 million) was with its 2% below average developments compared to
the nine months term of the previous year and thus conducted to a
very positive operating figure (EBIT) of DM 3.5 million (DM –
1.2million).
The corporate post-tax result of DM 0.8 million (DM -4.1 million)
which is identical with the DVFA/SG-result particularly reflects
the high burden resulting from the step by step dissolve of,
according to IAS 12, dormant taxes to the debit balance.
Considering the successful turn-around, present dynamic profit- and
turnover developments as well as the positive business perspectives
the CEO of SALTUS Technology AG is convinced of an evident
underestimation of the company. This opinion is strengthened by the
high ratio of book equity to market equity of 1.7 – a coefficient
which according to empiric oriented analysts’ promises a
considerable rise of stock rates in the upcoming weeks.
For more detailed information please revert to our latest interim
report published on our web-site www.saltus.de or directly
contact:
Ms. Gottwald Tel.: +49(212)5960-120
Executive Board Office Fax: +49(212)5960-122
Lindgesfeld 31 e-mail: info@saltus.de
D-42653 Solingen
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