VA Technologie AG
Ad hoc-Service: VA Technologie AG prel. Resul
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VA Technologie AG : Preliminary Results 2000
– Growth in order intake (9%) and sales (13%)
– Positive business development and profit growth in all
divisions except Metallurgy
– Operative Group profit EUR 91 m
– Profit for the period EUR 30 m after loss of EUR 95 m in the
previous year
According to preliminary figures on the basis of International
Accounting Standards (see table below), the listed VA
Technologie AG (VA TECH) was able to increase its order
intake in the annual comparison by 9% to EUR 3,890 m as well
as sales by 13% to approx. EUR 3,900 m. The operative result
(EBIT) of the Group will probably amount to EUR 91 m, the
profit for the period to EUR 30 m.
The division Metallurgy could increase its order intake and
sales compared to the previous year despite tough competitive
conditions. Provisions for unexpected additional completion
costs for current projects, provisions for further, increased
restructuring measures as well as the budgeted integration
costs for Kvaerner Metals Equipment acquired at the end of
1999 resulted in a significant decrease of results.
The divisions Hydro Power Generation, Power Transmission and
Distribution, Water Systems and Industrial Services showed
positive, successful business development and growth in
profits.
The division Hydro Power Generation including the hydro
business acquired from SULZER showed growth in order intake,
sales and operative results.
In the Power Transmission and Distribution division an
increase in sales and profits could be achieved. The global
alliance with Schneider Electric in the high voltage area puts
VA TECH into the global Top 3 position in this business. The
agreement has been effective as from January 22, 2001.
The Water Systems division saw a successful turnaround. All
key figures show growth in the annual comparison.
The division Industrial Services was able to increase its
operative results, also order intake showed growth compared to
last year. The clear focus on value generation over the entire
plant life cycle is confirmed by actual market developments.
VA TECH will continue its transformation process towards a
Focused Technology and Service company started last year also
in 2001. Sustained profit improvement and value generation
have highest priority in the entire Group.
The Annual Accounts 2000 as well as the outlook for the
current year 2001 will be published as announced on March 22,
2001.
+++ 2001-02-15
The listed VA Technologie AG (VA TECH) is a Focused Technology
and Service Company, which creates value for its customers
throughout the plant life cycle. The Group’s Metallurgy, Hydro
Power Generation, Power Transmission and Distribution, Water
Systems and Industrial Services divisions have top
international rankings.
The press releases of VA TECH are also available on the
internet under http://www.vatech.at
Key figures VA Technologie AG (preliminary)1)
EUR m 2000 1999 Change
Order Intake 3,890 3,570 +9%
Sales 3,900 3,447 +13%
EBIT 91 130 -30%
Profit/Loss for the 30 -95 –
period
1) Figures including the Hydro Business acquired from
Sulzer AG in early 2000. The Acquisition Kvaerner Metals
Equipment is already included in the order intake of the key
figures 1999.
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