VA Technologie AG
Ad hoc-Service: VA Technologie AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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VA Technologie AG: Results of the first quarter 2001
The listed VA Technologie AG (VA TECH) significantly increased its order
intake, order backlog and result during the first quarter of the year 2001.
The operating result improved to EUR 26m (after minus 5m in the same period of
the previous year). All divisions reported positive operating results.
According to the current economic forecasts VA TECH expects growth in order
intake, sales and operating result for the full year 2001.
For the first time the figures include VA TECH Schneider High Voltage, a
60:40 joint venture of VA TECH and the French Schneider Electric group.
Additionally, the sale of 80.1% of the shares in VA TECH VOEST MCE became
effective as per January 1, 2001. The comparative figures of the previous year
do not comprise the key figures of VA TECH Escher Wyss because this company
was consolidated for the first time in the second quarter of 2000.
The EBITA (earnings before interest, taxes and goodwill amortisation)
of VA TECH amounted to EUR 34m in the first quarter of 2001 after a break
even result in the comparable period. After minus EUR 5m in the first
quarter of 2000 the operating result (EBIT) was clearly positive and
amounted to EUR 26m in the period reported. Book profits as a result of the
majority sale of VA TECH VOEST MCE also contributed to the result
improvement. Due to the reduced liquidity compared to the first quarter of
the previous year and the start-up expenses for the participation in the
electronic marketplace ec4ec the financial result in the first quarter was
minus EUR 34m after minus EUR 29m in the same period of 2000.
Earnings before taxes thus amounted to minus EUR 8m (minus EUR 34m in the first
quarter of 2000). The net result for the first quarter of 2001 improved from
minus EUR 30m in 2000 to minus EUR 11m.
Compared to the first quarter of 2000 sales decreased by 9% to EUR 846m in the
period reported. Order intake rose by 17% to EUR 1,069m. The order backlog
as per March 31, 2001 amounted to EUR 4,043m compared to EUR 3,709m at the end
of the year 2000.
The full text of this release is available on the internet under www.vatech.at
end of ad hoc announcement (c) DGAP 17.05.2001
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WKN: 093745; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München, Stuttgart
170833 Mai 01
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