Heinkel AG
Heinkel AG english
Heinkel AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Clear upward trend recognizable – but no break-even point in 2003
Bietigheim-Bissingen, November 14, 2003
The order intake of the HEINKEL AG, technological leading specialist in the
solid-liquid-separation, was marked in the first nine months of the year 2003
by a strong decrease of the investment activity of the principal customers in
the pharmaceutical and fine chemical industry. Therefore, the turnover in the
first half of the year was only 6,2 million EUR, bringing a deficit of -2,6
million EUR.
The financial year proves to be another very difficult year for the HEINKEL AG.
Against all expectations, several technically settled projects upcoming to be
placed and already scheduled in the budget have been postponed at short term to
the year 2004.
The strategic reorientation of the company and the marked increase of the sales
and marketing activities present a first success and will lead to a clearly
higher turnover in the second half of 2003. Meanwhile, the actions taken in
respect of a strong reduction of costs have a positive effect on the
development of the results: in the 3rd quarter a break-even result could be
realized and for the 4th quarter the company is counting on a highly positive
contribution.
Against all expectations, the upward trend beginning to show with a big time
lag in 2003 concerning the development of volume will not be sufficient for a
turnover on the previous year’s level and for a break-even.
The HEINKEL AG is looking ahead with great optimism and assumes a positive
reversal of the economic trend in 2004. After three years of a strong
abstinence of investments an expanding agglomeration of investments in the
pharmaceutical industry appears at a continuous double-digit growth in the
final sales of pharmaceutical products. A positive indicator for an early
stimulation of investment activities is the increase of requests of quotations
as well as for rental machines combined with an improvement of the global
business environment.
The CEO Tel: 07142 356-101
http://www.heinkel.de Fax: 07142 356-109
end of ad-hoc-announcement (c)DGAP 14.11.2003
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WKN: 605900; ISIN: DE0006059009; Index:
Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg und Stuttgart
140827 Nov 03
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