CyBio AG
CyBio AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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CyBio: Restructuring was hard on quarterly sales revenue
Reorganisation of sales should take full effect as early as 2001
As expected, CyBio AG’s results for the first quarter of 2001 fell short of the
same period last year. The 3.66 million Euro in sales revenue are 85 percent of
sales revenue for the first quarter of 2000. The cause of this can be seen in
the restructuring of sales, for which the Jena biotechnology firm took advantage
of the beginning of the year, which experience has shown to be weaker. In this
connection, there were also new appointments made in management. The low sales
figures were taken into account in the annual forecast, and should be made up
for during the year by the strengthened sales division. The EBIT for the first
three months of 2001 comes to -2.46 Millionen Euro. This includes 1,24 million
Euro in non-liquid expenditures from the stock option programme.
The restructuring of sales according to a four-pillar model is taking shape. In
Jena, CyBio Central Europe GmbH will direct sales for Central and Southern
Europe. The Northern European region will be served by CyBio Northern Europe
Ltd. from its headquarters in Maidstone. CyBio U.S. Inc., based in Boston, is in
charge of the North American market. The sales partner Toyobo Engineering is
handling things successfully in Japan. During the first three months, CyBio has
thereby laid the foundation for successful implementation of plans for the
entire year 2001.
Jena, 29th May 2001
CyBio AG
Cornelia Todt
PR / IR
Göschwitzer Str. 40
07745 Jena
Tel. 03641 / 35 14 25
Fax 03641 / 35 13 60
E-mail: cornelia.todt@cybio-ag.com
end of ad hoc announcement (c) DGAP 29.05.2001
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WKN: 541230; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
290825 Mai 01
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