Kässbohrer Geländefahrzeug AG
Kässbohrer Geländefahrz. english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Kässbohrer Geländefahrzeug AG exceeds expectations
Senden, June 26, 2001. On March 31, 2001 Kässbohrer Geländefahrzeug AG concluded
a very successful fiscal year 2000/2001. The world’s leading manufacturer of
vehicles for ski slope and trail grooming and beach maintenance increased
consolidated sales by 14% to DM 266.5 million, compared with DM 234.3 million in
the previous year. Consolidated net income for the year improved above average
from DM 12.1 million to DM 16.3 million. A dividend of DM 0.80 per share will be
proposed to the General Meeting, corresponding to a gross dividend of DM 1.14
and a dividend yield of 3.7%.
Innovations increase PistenBully sales
PistenBully sales increased by more than 12%. The leading global market position
was further expanded by the successful launch of new vehicle models and the
innovative development of add-on equipment.
BeachTech continues strong growth
Sales in beach cleaning equipment increased by 29%, with Kässbohrer’s global
market share in this area now at 40%. This success was achieved with sales of
tractor-pulled vehicles and small, hand-held devices. The development of a self-
propelled beach cleaner will open up new customer groups in the future,
especially hotels, resorts and private beach owners. These vehicles are expected
to be launched on the market in summer 2002.
Short period in 2001
The establishment of a short period (April 1 until September 30, 2001) will
improve intraperiod reporting and planning processes. Due to the strongly
seasonal nature of its business, Kässbohrer Geländefahrzeug AG expects the group
to record a loss of around DM 12 million for the short period 2001. This is on
the same level as the results for this period for the two previous fiscal years.
In keeping with the establishment of the short period, the dividend proposed to
the General Meeting is lower than for the previous year. Depending on earnings
development and the tax situation, this may be compensated for following the
short period.
Kässbohrer Geländefahrzeug AG . Investor Relations . Maria Schackert
Tel. 07307/940 532 . Fax 07307/940 510
boerseninfo@pistenbully.com . www.pistenbully.com
end of ad hoc announcement (c) DGAP 26.06.2001
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
Kässbohrer Geländefahrzeug AG exceeds expectations
Senden, June 26, 2001. On March 31, 2001 Kässbohrer Geländefahrzeug AG concluded
a very successful fiscal year 2000/2001. The world’s leading manufacturer of
vehicles for ski slope and trail grooming and beach maintenance increased
consolidated sales by 14% to DM 266.5 million, compared with DM 234.3 million in
the previous year. Consolidated net income for the year improved above average
from DM 12.1 million to DM 16.3 million. A dividend of DM 0.80 per share will be
proposed to the General Meeting, corresponding to a gross dividend of DM 1.14
and a dividend yield of 3.7%.
Innovations increase PistenBully sales
PistenBully sales increased by more than 12%, further expanding Kässbohrer’s
leading global market position. This achievement is due to the successful launch
of new vehicle models. In addition, the innovative development of add-on
equipment for the construction of funparks generated considerable growth. This
equipment enabled new standards to be set, both by the “ParkBully” in the
construction of ski jumps, boardercross courses and other funpark features and
by the “PipeMagician” in the construction and maintenance of halfpipes. The
increasing demands of winter sports enthusiasts for high-quality slopes, the
diverse offering and the trend for adventure playgrounds in the snow also
guarantee the company good market potential for the future.
BeachTech continues strong growth
Sales in beach cleaning equipment increased by 29%, with Kässbohrer’s global
market share in this area now at 40%. This success was achieved with sales of
tractor-pulled vehicles and small, hand-held devices. The development of a self-
propelled beach cleaner will open up new customer groups in the future,
especially hotels, resorts and private beach owners. These vehicles are expected
to be launched on the market in summer 2002.
Positive development expected to continue
The tourism and leisure industries will continue to grow in the coming years,
which guarantees the company good earnings prospects for the future. The
withdrawal of one of PistenBully’s competitors from the European market and
booked business from the last few months reinforce these expectations.
In addition, the optimization of internal workflows and logistics will further
increase efficiency when the Ulm and Senden business units are combined at the
new location in Laupheim in spring 2002.
Short period in 2001
Last year’s General Meeting resolved the establishment of a short period from
April 1 to September 30, 2001. This will improve intraperiod reporting and
planning processes. Due to the strongly seasonal nature of its business,
Kässbohrer Geländefahrzeug AG expects the group to record a loss of around DM 12
million for the short period 2001. This is on the same level as the results for
this period for the two previous fiscal years. In keeping with the
establishment of the short period, the dividend proposed to the General Meeting
is lower than for the previous year. Depending on earnings development and the
tax situation, this may be compensated for following the short period.
Selected company data
1999/2000 2000/2001
Sales in millions of DM 234.3 266.5
EBIT in millions of DM 18.9 29.0
Result from ordinary activities
in millions of DM 17.0 26.7
Consolidated net income for
the year in millions of DM 12.1 16.3
DVFA/SG earnings per share in DM 1) 2.16 3.22
Return on sales 2) 8.1 % 10.9 %
Equity ratio 41.3 % 42.7 %
Number of employees 366 384
Cash dividend per share in DM 3) 1.20 0.80
Gross dividend per share in DM 1.71 1.14
Dividend yield 4) 7.8 % 3.7 %
1) Based on 5 million shares
2) Based on EBIT
3) Proposal to the General Meeting
4) Based on the share price as of March 31
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WKN: 626200; Index: SDax
Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf,
Hamburg, München, Stuttgart
260756 Jun 01
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