Analytik Jena AG
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Analytik Jena AG – 3 month report of financial year 2002/2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Analytik Jena AG – 3 month report of financial year 2002/2003
+++ Analytik Jena AG answers weak domestic demand with a considerable increase
in its export business +++ Sales up 10 percent from last year; small loss due to
one-off expenses +++ Outlook: company to break even over first half and turn a
profit for full year
Analytik Jena AG (SIN 521 350) was able to increase its sales 10 percent to EUR
22.34m for the first quarter of financial year 2002/3 by successfully expanding
its export business.
Analytik Jena has been affected by the harsh economic climate in Germany with a
fall in domestic sales of 20.7 percent to EUR 14.2m for the first quarter
(2001/2: EUR 17.9m). By contrast, the company’s export business developed very
positively with foreign sales more than tripling to EUR 8.16m (2001/2: EUR
2.45m). Despite a particularly weak domestic market, Analytik Jena’s analytical
solutions and bioanalytical solutions business units saw only a slight fall in
sales to EUR 6.31m (2001/2: EUR 6.72m). The company’s project solutions business
area developed steadily, contributing EUR 14.91m (2001/2: EUR 12.51m) to
company sales.
The earnings before interest and taxes (EBIT) were negative at EUR 0.26m
(2001/2: EUR 0.61m) in accordance with expectations. Negative earnings before
tax (EBT) of EUR 0.41m also confirmed previously published company projections.
A loss of EUR 0.38m for the period (2001/2: EUR 0.61m in profits) amounts to a
loss per share of EUR 0.11 (2001/2: EUR 0.09 profit per share). As of the end of
the reporting period, Analytik Jena holds EUR 6.40m in liquid funds. In a
positive development, the company reported an operational cash flow of EUR 1.88m
over the first quarter. The capital ratio came to 55.7 percent as of the
reporting deadline, with the order backlog reaching nearly EUR 100m (2001/2: EUR
21.6m).
Analytik Jena expects to break even in earnings before tax by mid-year. And
despite continually difficult economic conditions, the executive board is
convinced that the company will complete financial year 2002/3 with a profit.
Contact: AJAG, Investor Relations, Thomas Fritsche, Tel.: +49 3641 77-9281, F:
+49 3641 77-9149, t.fritsche@analytik-jena.de
end of ad-hoc-announcement (c)DGAP 26.02.2003
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WKN: 521350; ISIN: DE0005213508; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
260659 Feb 03
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