P&T Technology AG
P&T Technology AG english
Prefigures (IAS) of P&T Technology for the financial year 2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Record for Profit and Turnover
Earnings before Interest and Tax grows by 370% to approximately Euro 10 Mio.
For the First Time Revenue stream from Projects in Foreign Countries
Hamburg, 04.03.2002. According to preliminary and unconfirmed figures the P&T
Technology Group achieved in the financial year 2001 net sales in the amount of
Euro 190 Mio. after Euro 44 Mio. in the previous year (+330%). The earnings
before interest and tax (EBIT) were approximately Euro 10 Mio. compared to 2,1
Mio. Euro in the financial year 2000.
Besides the projection of 16 national wind farms two foreign wind farms
partially contributed to the enormous success.
With more than quadruplicating the turnover and EBIT the P&T Technology Group
reached a record and the current consensus of the analysts’ estimates. The plan
for sales was outreached, however the operating profit stayed below the own plan
of Euro 12,4 Mio. presented at the IPO in November 2000. Responsible for this
development is a changed project mix: The share of additionally bought, more
quickly feasible projects that however are weaker in the margin is higher than
planned. Moreover the start of sales for the developed hydrogen-based electro-
technical system for drinking water and power supply, named P&T System, was
postponed into 2002. A full compensation could not be achieved, since three
additionally purchased projects and the realisation of a 15 MW project in the
USA got delayed.
Because of the experiences in the expired financial year the company plans with
a more conservative approach a turnover of approximately Euro 400 Mio.
(original planning: Euro 423 Mio.) and an increase of 130% of the EBIT to Euro
23 Mio. for the year 2002. (original planning: Euro 27,1 Mio.).
end of ad-hoc-announcement (c)DGAP 04.03.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Comments:
After having realised four wind farms in the year 2000 P&T has started
construction for 16 wind farms with a total capacity of 155 MW.
In addition the construction began for two foreign wind farms. In Greece 34
windpower installations with a capacity of 28,9 MW as well as 5 windpower
installations in Poland with a capacity of 4,3 MW are being set up. With the
realisation of those first international projects the P&T Group achieved a
breakthrough in the European market in 2001: These wind farms were sold via the
international Noble III Fund, which also will secure the financing of foreign
projects in 2002.
The delayed realisation of a completely planned project in the USA (15 MW) stems
from the current crisis in the energy market and the linked loss of
creditworthiness of the American utilities.
By the means of the strategic consequent expansion of projects being in the
pipeline and the securing of further sites for the construction of wind power
installations P&T has increased the realisation potential in foreign countries
in the EU from 840 MW to 1.345 MW. Therewith the future business is sustainably
secured.
Contact:
P&T Technology AG
Dr. Carsten Weimann
An der Alster 3
20099 Hamburg
Tel. 0049 (0) 40 28 40 65 – 18
——————————————————————————–
WKN: 685 280; ISIN: DE0006852809; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
040729 Mär 02
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found