EMTS Technologie AG
EMTS Technologie AG english
EMTS presents 2nd 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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August 12th, 2002
EMTS presents 2nd quarter results for 2002
EMTS Technologie AG/Salzburg (SNMI: EMT), Europe’s leading mobile phone
services provider, achieved sales for the second quarter 2002 (April to June
2002) of 32.2 Mio. EUR. Compared to the second quarter 2001 (sales of 40.2
Mio. EUR), sales figures decreased by 8.0 Mio. EUR, corresponding to a decline
of 20%. EBITDA for the period resulted in -4.7 Mio. EUR (actual second quarter
2001 totalled 6.4 Mio. EUR). Operating cash-flow for the period yielded -1.5
Mio. EUR (actual second quarter 2001 totalled -1.9 Mio. EUR). These second
quarter 2002 figures translate into an Earnings per Share of -1.81 EUR (actual
second quarter 2001 totalled 0.96 EUR).
For the 1st half of 2002, sales amounted to 71.0 Mio. EUR and EBITDA of -0.7
Mio. EUR. Cash-flow resulted in -1.1 Mio. EUR and a net profit of -10.6 Mio.
EUR including restructuring costs of 2.3 Mio. EUR.
As of June 30th 2002, EMTS’s cash and cash equivalents totalled 15.0 Mio. EUR.
The decrease in sales and profitability compared to the first half year 2001,
is caused by increased price pressure from network operators and handset
manufacturers due to flattening and weak market development. The number of
serviced handsets by EMTS Technologie AG remained unchanged compared to the
same period a year ago.
Outlook
Despite ongoing price pressure in the service business, management anticipates
a positive EBITDA for the full year 2002. The targeted turnaround will be
reached by years-end through continued restructuring measures like capacity
adjustments and personnel reductions which off-set the consequences of the weak
economic development. The full positive effects of the restructuring measures
should be felt as of the fourth quarter of 2002. Therefore, EMTS is well
prepared to be strengthened by the process of consolidation.
Investor Relations: Franz Guggenberger
E-mail: investor.relations@emts.at
Tel.: +43-662-623 391-0
Press speaker: Karin Keglevich
E-mail: keglevich@spa.co.at
Tel: +43-1-532 25 45-10
Title: EMTS Technologie AG, Salzburg
ISIN Nr.: AT0000926266
end of ad-hoc-announcement (c)DGAP 12.08.2002
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WKN: 616516; ISIN: AT0000926266; Index: SWX New Market
Listed: Swiss Exchange; Freiverkehr in Berlin, Frankfurt und München
122051 Aug 02
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