EMTS Technologie AG
EMTS Technologie AG english
EMTS presente 3rd quarter results for 2002
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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EMTS presente 3rd quarter results for 2002
November 11th, 2002; EMTS Technologie AG (SMI: EMT), Europe’s leading mobile
phone Service provider, has announced results for its third quarter ended
September 30th, 2002. Sales for the third quarter of 2002 totaled 28,9 Mio. EUR
(actual third quarter 2001 totaled 47,4 Mio. EUR). EBITDA for the period
resulted in a negative 4,7 Mio. EUR (actual third quarter 2001 totaled positive
5,6 Mio. EUR). Operating cash-flow for the period yielded a negative 3,7 Mio.
EUR. Cash reserves at the end of the period were 11,3 Mio. EUR. These third
quarter 2002 figures translate into an Earnings per Share decrease to a negative
1,53 EUR.
Outlook
For the total year 2002, sales are predicted to be 127 Mio. EUR. Given the
difficult market telecommunication market delay of new (UTMS/MMS) products,
changes in company management and final restructuring activities, an EBITDA
forecast as well as an estimate of other figures would be, at this time, not
reliable. However, the EMTS Management and Supervisory Boards strongly believe
that the consolidation and restructuring measures implemented over the last few
months have already positioned the Company to address the challenges of the
upcoming year.
Investor Relations:
Susanne Schiller
E-mail: investor.relations@emts.at
Tel.: +43-662-623391-0
Press speaker:
Karin Keglevich
E-mail: keglevich@spa.co.at
Tel: +43-1-5322545-10
Title: EMTS Technologie AG, Salzburg
ISIN Nr.: AT0000926266
end of ad-hoc-announcement (c)DGAP 11.11.2002
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WKN: 616516; ISIN: AT0000926266; Index: SWX New Market
Listed: Swiss Exchange; Freiverkehr in Berlin, Frankfurt und München
111858 Nov 02
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