Müller Weingarten AG
Müller Weingarten AG: Interim report as of June 30, 2005
Ad hoc announcement §15 WpHG
Interim report as of June 30, 2005
Müller Weingarten AG: Interim report as of June 30, 2005
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Müller Weingarten AG: Results expected to match previous year’s level despite
noticeably increasing intensity of competition
Weingarten, August 31, 2005. In the first six months of 2005, traditionally
the weaker half of the year, the Müller Weingarten Group increased its sales
to EUR 140 million compared to EUR 129 million in the same period last year.
Against the background of a high order backlog and, as a consequence,
increased material orders, total output rose to EUR 193 million (previous year
EUR 166 million). The result from ordinary operations in the first half of
this year is slightly negative (EUR – 1 million) due to accounting methods,
whereas the break-even point was reached in the first half of 2004.
In an environment characterised by intensive competition, order intake fell to
EUR 151 million compared to last year’s record level of EUR 217 million,
which was largely due to a high volume of orders from China. As a result, the
order backlog was down slightly at EUR 451 million, as against EUR 488 million
in the previous year. The company still expects an order intake approaching
EUR 400 million for the year as a whole, with major impetus expected from the
Service Division and as a result of product innovations in a number of areas
in the Machine Building segment. The Tool and Die Fabrication business segment
is performing well in a still difficult market environment.
Capacity utilisation in the first half of the year was good, given the very
high order intake in the previous year, and is set to remain at the attained
level in the second half of the year. Following the implementation of the
added-value concept agreed back in early 2004, the size of the workforce was
trimmed by 2.3 %, as planned, giving a total of 2,342 employees as of June 30,
2005 (previous year 2,397).
For the year as a whole, the company is projecting sales in excess of EUR 400
million (previous year EUR 373 million). Despite the continuously increasing
intensity of competition, the company still expects the result from ordinary
operations to be in the region of the previous year’s figure (EUR 10 million).
This requires measures aimed at improving material and personnel cost
structures, which have already been initiated and are to be implemented in the
second half of the year with an effect on results.
Müller Weingarten AG
Schussenstr. 11
88250 Weingarten
Deutschland
ISIN: DE0006579006
WKN: 657900
Listed: Amtlicher Markt in München und Stuttgart
End of ad hoc announcement (c)DGAP 31.08.2005
310747 Aug 05
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