AmaTech AG
AmaTech AG english
Correction of the Ad-Hoc Announcement from November 7th, 2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Correction of the Ad-Hoc Announcement from November 7th, 2001
AmaTech reports erroneous figures inadvertently.
The reported turnover proceeds of 28,3 Million Euro were obtained by including
internal sales figures.The achieved turnover proceeds amount now to 23,5 Million
Euro after rectification. Turnover prognosis for the whole year 2001 in the
amount of Euro 36 Million Euro remains unchanged. Further, the negative EBIT of
-2,4 Million was also reported erroneously. Due to an overvaluation of foreign
currency liabilities, this loss was reported in a too high amount. The negative
EBIT for the third quarter has now been corrected to be -2,1 Million Euro.
The fully completed and corrected Ad-Hoc Announcement is now as follows:
Interim Report for the first nine months of fiscal year 2001
Restructuring measures have been successful – Q3 results reveal improvement.
As a direct result of the restructuring measures initiated in July 2001, AmaTech
AG has been able to reduce its losses by a considerable level. Following
consolidated earnings before interest and taxes (EBIT) of EURO -5.3 million in
Q1 and EURO -6.4 million in Q2, negative EBIT for the third quarter was reduced
to a total of EURO -2.1 million. It should be noted that the result for the
third quarter was influenced by EURO 1.4 million in charges due to the reversal
of engineering contracts attributable to AmaTech Automation GmbH.
At the end of Q3, earnings before interest, taxes, depreciation and amortisation
(EBITDA) resulted in EURO -10.2 million.
AmaTech AG does not anticipate that its under-par earnings will worsen
significantly by the end of the fiscal year.
In the period under review, revenues totalling EURO 23.5 million were within the
range originally targeted by the company. The level of orders in hand as at 30
September 2001 was worth EURO 11.9 million. The revenue target of EURO 36
million for the full fiscal year will remain unchanged.
In view of the good level of demand for easy-to-use contactless smart cards for
multifunctional applications, the Management of AmaTech AG is confident that
turnaround will be achieved in 2002.
The full nine months report, containing a detailed review, will be published on
8 November 2001. It will be available at http://www.amatech.de.
end of ad-hoc-announcement (c)DGAP 09.11.2001
——————————————————————————–
WKN: 519280; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
091409 Nov 01
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found