Müller Weingarten AG
Müller Weingarten sees signs of an economic spring following a weak year in 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Müller Weingarten sees signs of an economic spring following a weak year in 2003
Stuttgart, April 29, 2004
In line with the general trend in the international machine tool industry,
Müller Weingarten AG – the world’s second largest supplier of metalforming
plants and systems – experienced a weak year and very mixed developments on the
whole in 2003. Consolidated sales fell by 9,4 % to Euro 410.9 million (Euro
453.5 million). The result from ordinary operations exceeded expectations,
although the figure of Euro 8.5 million was lower than in the previous year
(Euro 12.2 million). The consolidated net income for the year totalling Euro
3 million (Euro 11.4 million) is characterised by reserves for restructuring
expenses. The net result of Müller Weingarten AG is balanced by the withdrawal
of Euro 2.7 million from the revenue reserves. The Board of Management and the
Supervisory Board will not propose the payment of a dividend for fiscal year
2003 to the Annual Shareholders’ Meeting.
For the current fiscal year Müller Weingarten expects impetus to be generated by
activities in Eastern Europe and China. Following a veritable flood of or-ders,
the company is looking forward to the future with guarded optimism. However,
the high level of order intake in the first quarter will not be reflected in an
increase in sales in 2004 due to the long processing times for ordered items.
For 2004 Müller Weingarten is forecasting stabilisation in income, so the
company expects net earnings to be available for distribution.
end of ad-hoc-announcement (c)DGAP 29.04.2004
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WKN: 657900; ISIN: DE0006579006; Index:
Listed: Amtlicher Markt in München und Stuttgart
290730 Apr 04
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