Micronas Semiconductor Holding AG
Micronas Semiconductor english
Micronas: continuing recovery with record quarterly sales
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Press release
Key data for first quarter of 2002
Micronas: continuing recovery with record quarterly sales
In the first three months of 2002, the Micronas Group generated consolidated
net sales of CHF 161.0 million, a rise of CHF 16.8 million or 11.7 percent
compared with the previous quarter. The operating profit before depreciation
and amortization of goodwill (EBITDA) was CHF 46.8 million, CHF 10.0 million or
27.2 percent higher than in the fourth quarter of 2001. The operating profit
(EBIT) reached CHF 20.1 million, an increase of 73.3 percent over the previous
quarter. Compared with the same quarter of 2001, after adjustment to take
account of the capital gain of CHF 27.2 million from the sale of the Group’s
stake in innoComm, this represented an increase of 57.0 percent. Net profit
reached CHF 8.1 million in the reporting period, an increase of CHF 2.8 million
or 52.8 percent compared with the fourth quarter of 2001. Earnings per share
amounted to CHF 0.35, or CHF 0.51 adjusted for amortization of goodwill after
taxes.
end of ad-hoc-announcement (c)DGAP 11.04.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
The Consumer Division generated CHF 144.8 million of the total net sales; CHF
16.2 million was contributed by the Automotive Division. Europe was again the
most significant market region with sales of CHF 109.3 million. Asia accounted
for CHF 46.9 million of consolidated net sales, while the US market generated
CHF 3.1 million. Sales in other regions amounted to CHF 1.7 million.
The successful capital increase realized in the first quarter of 2002
contributed to a sustained improvement in the balance sheet and financing
structure. The aggregated net proceeds from the transaction amounted to CHF
155.0 million, all of which was used by Micronas to repay bank loans. The share
capital of Micronas Semiconductor Holding AG now stands at CHF 26.95 million.
At the end of March 2002 the shareholder’s equity of the Micronas Group was CHF
404.8 million, compared with CHF 242.7 million as at 31 December 2001.
We expect the second quarter of 2002 to bring a further increase in sales and
earnings.
The Micronas Group is a leading independent supplier of innovative application-
specific semiconductor solutions for consumer and automotive electronics. Its
shares are listed on the SWX Swiss Exchange and the Neuer Markt in Frankfurt.
Zurich, 11 April 2002, Micronas Semiconductor Holding AG
For further information: Susy Krucker, Investor Relations
phone: +41 1 445 39 60, e-mail: investor@micronas.com
Detailed financial data are available to download at: http://www.micronas.com
“This announcement does not constitute an offer of securities for sale in the
United States. The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (“Securities
Act”), and may not be offered or sold in the United States or to, or for the
account or benefit of, U.S. persons, unless the securities are registered under
the Securities Act, or an exemption from the registration requirements of the
Securities Act is available.”
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WKN: 910 354 ; ISIN: CH0012337421; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart; Zürich
110729 Apr 02
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