Jetter AG
Jetter AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Semiconductor Crisis dampens Sales in Asia, USA
Sales in Germany and Europe increase vs. Previous Year
Ludwigsburg, 27. August 2001. As a consequence of the drastic reduction of
investments of the semiconductor industry, Jetter AG sales declined by 19.5% to
EUR 3.6 Mio in the first quarter of the fiscal year 2001/02, as compared with
the same period in the previous year (EUR 4.5 Mio). Sales in Asia (-69%) and
America (-80%) were especially affected. On the other hand, sales in Germany
rose by 18% to EUR 2.3 Mio and in Europe by 15% to EUR 0.8 Mio. In the reporting
period, Jetter suffered a loss before interest and taxes (EBIT) of EUR -1.8 Mio
(previous year: EUR -0.3 Mio) and a consolidated loss of EUR -2.0 Mio (previous
year: EUR -0.3 Mio). Earnings per share according to DVFA/SG were EUR -0.84 for
the first quarter (previous year: EUR -0.13).
Jetter expects a continuing investment restraint within the semiconductor
industry, leading to only slightly higher sales in the second quarter than in
the reporting quarter.
An upturn of demand is expected for the second half of the fiscal year. It will
be further enhanced by the market introduction of new Jetter products.
The market has positively accepted the first deliveries of JetWeb controllers.
JetWeb has helped to gain new customer projects, with a high sales potential.
The start of significant mass production of machines equipped with JetWeb can be
expected at the end of the fiscal year. The marked technology lead in the realm
of connected controllers, with respect to the competitors, remains unchanged.
Due to the low in the semiconductor industry, Jetter expects a sales decline of
about 20% for the current fiscal year and has therefore initiated far-reaching
cost-cutting measures, though without compromising investment in the important
JetWeb technology. Consolidated loss is expected to be about 15 – 20% of sales.
Jetter is still convinced that the cash assets amounting to EUR 9.6 Mio will
secure the period to break even.
The complete quarterly report can be obtained at http://www.jetter.de.
For additional information please contact:
Jetter AG, Andreas Gatter, CFO
Tel.: +49 7141-2550-465
E-Mail: agatter@jetter.de
end of ad-hoc-announcement (c)DGAP 27.08.2001
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WKN: 626400; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
270731 Aug 01
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